Stratview Research has published a new report titled ‘Aircraft Lightning Protection Market’ to its database. It has segmented the market by Application Type (Test Service, Lightning Detection & Warning, and Lightning Protection), by End-User Type (Civil, Military), by Aircraft Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and Unmanned Aerial Vehicles (UAVS)), by Fit Type (Linefit, Retrofit), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Lightning Protection Market is expected to grow from USD 4.13 billion in 2021 to USD 6.74 billion by 2028 at a CAGR of 7.12% during the forecast period of 2022-2028.
Market Segments’ Analysis
Based on the application type, the market is segmented as test service, lightning detection & warning, and lightning protection. Lightning protection includes various mechanisms, such as static wicks, transient voltage suppressors, and expanded metal foils. These components support in minimizing the severity of damage caused owing to lightning strikes on the aircraft.
Based on the end-user type, the market is segmented as civil and military. The civil aviation industry has been registering significant growth over the previous few years, owing to the rise in air travel and upsurge in disposable income of the middle-class population. Increase in demand for passenger and cargo flights is one of the most significant contributors that is estimated to boost the demand for aircraft lightning protection devices in the coming five years.
Based on the aircraft type, the market is segmented as fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles (UAVS). The fixed-wing segment is anticipated to significantly grow owing to the rising demand for new commercial aircraft, in the coming five years. Thus, the growth in commercial air travel across the globe and the rising defense expenditure of prominent economies are estimated to bolster the demand for aircraft lightning protection during the forecast period.
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