The various factors that affect the Aircraft Lightning Protection market are important determinants of its nature. Among these is the incessant progression of aviation technology that has led to the manufacture of highly sophisticated and lightning resistant aircrafts. Given that lightning is a significant threat to air transport, it is worth noting that as airplanes become more technologically advanced, there will be an increasing need for effective lighting protection systems such as lightning diverters, conductive materials and grounding solutions that protect critical electronic aircraft components from possible damage through lightening strokes.
Technical innovation stands among other agents prompting changes in Aircraft Lighting Protection markets. Dynamic studies on new and worthier conductivity properties in lightweight substances have concentrated on fast evolving electrical energy transmission for lightning strikes. In addition, development in design and integration of lighting protection systems will enhance safety and reliability across all aircraft types in facing unpredictable forces exerted by lightening during flying.
Regulations also form part of the key determinant leading into development of Aircraft Lightning Protection market. Aviation authorities globally impose strict safety standards including requirements for protection against lighting to safeguard passengers’ lives and maintain system integrity to pilots. It goes without saying that adhering to such laws is not only a legal requirement but also part of basics while designing or manufacturing an aircraft. Thus as aviation safety standards change over time this results into growth in demand for advance lightening protection because this means more competition.
Geographical and environmental considerations are vital aspects affecting Air craft Lightening Protection market. While some regions experience high frequency of lightening leading to call for stronger measures put in place to cater for incoming planes others do not face such challenges hence their aircrafts do not need much precautions with respect to lighting strikes; likewise, global warming might bring about an increase in occurrence rates as well as intensity levels attributed by thunderstorms which force aviation industry invest more money towards installing good lightening protection systems.
Additionally, the increased use of composite materials in modern airplane construction impacts on the demand for special lightening protection solutions. Compared to composites, traditional aluminum conducts electricity more effectively therefore particular strategies should be included to ensure effective lightening dissipation. In view of the greater preference for lightweight and fuel-efficient composite structures in aviation industry, the Aircraft Lightening Protection market has to adapt accordingly to accommodate such materials’ unique challenges.
Economic factors such as airline operational costs and general health of the air industry affect market dynamics. Among other things, airlines look for cost-effective alternatives which balance safety requirements with operational efficiency. On that note, this economic concern is factored by Aircraft Lightening Protection market through responsive provision of creative and efficient ways that take care of regulatory needs and financial constraints experienced within aviation sector.”
Aircraft lightning protection systems are software solutions and machines that are equipped with lightning protection materials that prevent the electric field concentration. The probability of aircraft being stuck with lightning is increasing due to the changing severity of the climatic conditions. Also, the increasing inclination toward tourism and travel had increased air passengers traffic in recent times. Such factors have propelled the manufacturers to integrate aircraft lightning protection systems. Also, governmental organizations are imposing stringent regulations to enhance the safety of passengers across the globe.
The growing investment in the development of R and D and the advanced technologies in the market are further stimulating the growth of the aircraft lightning protection industry. The developed countries are enhancing aerial combat and transporting capabilities to enhance productivity. Such factors are expected to boost the overall growth of the aircraft lightning protection industry during the forecast period.
The pandemic has reduced the production rates of several industries, similarly, the production operations regarding aircraft have also reduced during the pandemic. It has also caused several disruptions in the supply and chain processes. The cancellation of the flights and the complete shutdown had reduced the revenue processes and has brought in a huge monetary loss and revenue down. Such factors have influenced the growth of the aircraft lightning protection market negatively.
The potential benefits of the lightning protection systems such as the vulnerability of the components used in the aircraft that demand protection such as power feeders that are controlled electronically, generators, fuel valves, electrical distribution systems, and significant others. This protective system helps in saving a huge revenue in the aircraft manufacturing industry. Such factors are considered the major market drivers of aircraft lightning protection market growth.
Other benefits such as avoiding delays in the performance, reduction in interruptions, and reduction in the strike significance and significant others have propelled the manufacturers to utilize the aircraft protection system which is considered the primary driver for the industry. Moreover, the increasing inclination of consumer spending towards tourism and travel in recent years is propelling the overall growth of the aircraft lightning protection industry.
The manufacturers of aircraft lightning protection systems are incorporating advanced features such as detection and warning features. Moreover, they are also utilizing metal foils, static wicks and grounding wires, and voltage suppressors for efficient detection and warning. They are also integrating advanced sensor systems for early detection and warning. Such factors and the ongoing research in the industry are presenting a lucrative opportunity for the overall growth of the aircraft lightning protection industry during the forecast period.
The manufacturers are increasingly adopting composite structures for aircraft building and cost-efficient materials for their structure and performance. Such factors are presenting lucrative opportunities for the overall growth of the aircraft lightning protection industry during the forecast period.
Market Restraints:
Acquiring the insurance policies for aircraft lightning protection systems is considered a tedious task and several providers don’t offer policies related to the credits and incentives. Such factors are considered major restraints of aircraft lightning protection market growth.
The issues and complexities related to the maintenance and the regulations imposed for the operation and installation of the lightning protection systems are considered the major restraints of aircraft lightning protection market growth. Moreover, the emerging backlogs in aircraft deliveries are also expected to hinder the overall growth of the aircraft lightning protection industry.
Market Challenges:
The setting up of the lightning protection systems in the aircraft require trained professionals who are expected to possess LPI certification. The lack of skilled and certified professionals across developing countries is considered the major challenge for the overall growth of the aircraft lightning protection industry.
The requirement of UL-Listed materials and the standardized methods for the installation which comply with the standards pronounced by LPI, NFPA, and UL are considered the major challenge for the manufacturers and thereby considered the major challenge for the aircraft lightning protection market growth.
Cumulative Growth Analysis:
The market value of the aircraft lightning protection industry was at USD 3099.2 million in the year 2019 and is expected to surpass the market value of over USD 3338.9 million by the year 2027 while registering a CAGR of 3.1% during the forecast period. The growth of the commercial aircraft segment in several developed countries since the year 2019 with over 4.5 billion people traveling in commercial aircraft is considered the major driver of aircraft lightning protection market growth. Tourism and the growing disposable income across the developed countries combined with the economic statuses are presenting lucrative opportunities for the overall growth of the aircraft lightning protection industry.
In the year 2019, one of the developed market players, Air France- KLM had joined Airbus in an agreement to modernize the fleets for 60 of the A 220-300 aircraft. In the year 2020, Avolon Company had placed an order for nearly 9 commercial aircraft from the existing product lines. Such procurement of the leading companies and the design modifications are considered the major drivers of aircraft lightning protection market growth.
Value Chain Analysis:
The growth of the aircraft lightning protection industry is influenced by the growing number of orders for new aircraft across developed countries and the demand for electric aircraft is also growing. Such factors are considered the major drivers of aircraft lightning protection market growth. Moreover, the key benefits of the aircraft lightning protection systems such as lightning protection, detection, warning systems, and test services are propelling the overall growth of the aircraft lightning protection industry. The manufacturers are also building key components efficiently such as static wicks, transient voltage suppressors, and metal foils which potentially reduces the damage to the aircraft that are caused by lightning.
Moreover, the increasing demand across the civil and military sectors across the globe and the increasing growth of the civil aviation industry in developed countries are bolstering the aircraft lightning protection market growth. The cargo flights and passenger flights are also gaining momentum as the passenger traffic is increasing, moreover, the tourism industry is also showcasing varied strategies in recent times that are propelling the overall growth of the aircraft lightning protection industry.
Segment Overview:
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Regional Analysis:
Currently, North America is dominating the aircraft lightning protection market share among other potential regions. This is due to the increasing procurement across the United States concerning the military and commercial demand. Several statistics show that the United States has been showcasing a large number of air travel and the air passenger traffic has increased significantly. Several commercial airlines have announced their plans towards procuring new aircraft and extending their fleets.
These developments across the commercial segment are driving the overall growth of the aircraft lightning protection industry. Moreover, the procurement for the military segment is also bolstering the overall growth of the aircraft lightning protection industry. For instance, in the year 2019, The defense department of the US had agreed to purchase 478 aircraft from Lockheed martin F-35 lightning II for USD 34 billion. Moreover, countries like Canada had announced their replacement of aging aircraft and fleets.
On the other hand, the increasing aircraft production rate across the countries, because of the ever-growing demand has also presented a lucrative opportunity for the overall growth of the aircraft lightning protection industry during the forecast period.
Competitive Landscape:
Recent Developments:
In the year 2019, one of the leading market players, PPG had joined hands with Dexmet corporation which is known for the specialized materials used to manufacture the surfaces in the aerospace industry. Since PPG had acquired the surface manufacturing company, they had expanded their critical application areas and the enhanced their aircraft lightning strike protection facility.
In the year 2018, one of the leading market players, Microsemi corporation had introduced a lightning protection device which is named Transient voltage suppressor which comes in large plastic area devices packages. It was announced that it met the standards imposed by the RTCA DO-160E multi-strike standards.
Report Overview:
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