Aircraft Lightning Protection Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.57 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Lightning Protection Market Analysis
The aircraft lightning protection market is anticipated to increase from USD 2.92 billion in 2022 to USD 3.56 billion in 2028, registering a CAGR of 3.57% during the forecast period.
- The COVID-19 pandemic had a significant effect on the aircraft lightning protection market. The onset of COVID-19 led to lockdowns in various countries, and this led to restrictions in terms of travel or trade between countries, leading to shortages in the end components for manufacturing aircraft cockpit systems and delays in terms of manufacturing of the end product by the original equipment manufacturers (OEMs).
- Moreover, the pandemic led to supply chain disruptions and production-related issues in the military aircraft segment. On the other hand, though the orders and deliveries of general aviation aircraft witnessed a decline during the pandemic, there is a growth in demand for helicopters and business jets to transport medical supplies, cargo charter operations, and VIP transport. This is expected to help the growth of the market.
- Aircraft are often struck by lightning, and to avoid damage, all aircraft are equipped with lightning protection materials and systems that avoid electric field concentration. With the rise in air passenger traffic, airlines are placing orders for new aircraft to expand and modernize their fleets. Likewise, several countries are striving to enhance their aerial combat and transport capabilities, resulting in new orders for military aircraft.
- Such factors are simultaneously generating demand and driving the market for aircraft lightning protection. Also, growing investments in the R&D of advanced lightning protection materials by various aerospace material supplying companies may support the growth of the aircraft lightning protection market.
Aircraft Lightning Protection Market Trends
Commercial Aircraft Segment to Dominate the Market During the Forecast Period
- The commercial aircraft segment is expected to dominate the market during the forecasted period. In 2020, there was a decline in commercial aircraft deliveries due to the COVID-19 pandemic. However, aircraft deliveries improved in 2021, and the major commercial aircraft original equipment manufacturers (OEMs), like Airbus and Boeing, increased their aircraft production and delivery rates. With the lifting of travel restrictions, air passenger traffic is improving.
- In 2021, more than 2.3 billion people traveled by commercial airlines around the world. The rise in air traffic is prompting airline operators to initiate procurement drives and place orders for new-generation aircraft.
- For instance, in July 2022, Alaska Airlines placed an order for 52 Boeing B737 MAX aircraft with a plan to expand its fleet. The airline stated that by the end of 2023, it is expected to have an all-Boeing mainline fleet. Such orders from commercial airlines may generate demand for aircraft lightning protection, which, in turn, is anticipated to propel the growth of the market during the forecast period.
North America to Dominate the Market During the Forecast Period
- The aerospace industry in the region is mature and strongly supported by a robust aviation base. Higher air traffic has resulted in the procurement of several aircraft by regional and international airline operators. Boeing, one of the major aircraft original equipment manufacturers (OEMs) based in the United States, generates a huge demand for aircraft systems.
- Moreover, In 2022, the United States released the Department of the Air Force budget, which outlined that for FY23, the budget request is approximately USD 194.0 billion, a USD 20.2 billion or 11.7% increase from the FY22 request. For the defense budget 2023, USD 56.6 billion (20% of the defense budget) has been requested to procure aircraft and related systems, of which USD 23 billion is for combat aircraft and USD 5 billion is for Transport/Cargo Aircraft.
- A significant portion of the defense budget is allocated for F-35 jets, B-21 Raider bombers, KC-46A Pegasus tankers, and other helicopters. Some of these new aircraft will replace the existing fleet that has been operational for over 50 years. As the United States is looking to shift toward a younger fleet, the armed forces have requested to retire some old aircraft models and divert spending toward purchasing new advanced aircraft. Factors such as these are driving the market for aviation and, in turn, the aircraft lightning protection market.
Aircraft Lightning Protection Industry Overview
The aircraft lightning protection market is consolidated with prominent players such as Astroseal Products Manufacturing Corp., LORD Corporation (Parker Hannifin Corporation), Dayton-Granger, Inc., Dexmet Corporation, and Technical Fiber Products Ltd (James Cropper PLC). Companies are investing in the R&D of materials used in aircraft lightning protection and are strengthening their technology portfolios.
The development of innovative products, competitive pricing, and advanced lightweight materials can help companies in achieving long-term contracts with aircraft original equipment manufacturers (OEMs). The entry barrier for new players in the market is high, which can be observed in the venturing of a few aerospace companies into the manufacturing of lightning protection foils in the past couple of years.
For instance, Parker Hannifin Corporation acquired Lord Corporation to increase its presence in the aviation industry. Such developments are expected to enhance the competitive nature of the market in the future.
Aircraft Lightning Protection Market Leaders
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Astroseal Products Manufacturing Corp.
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Dayton-Granger, Inc.
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Dexmet Corporation
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Technical Fiber Products Ltd (James Cropper PLC)
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LORD Corporation (Parker Hannifin Corporation)
*Disclaimer: Major Players sorted in no particular order
Aircraft Lightning Protection Market News
February 2023: Air India awarded a contract worth USD 46 billion for the delivery of 470 commercial aircraft from Boeing and Airbus. Astroseal Products Manufacturing Corp. and Dayton-Granger, Inc. are likely to provide lightning protection for these aircraft.
March 2023: GMR Aero Technic (GAT), the maintenance, repair, and overhaul (MRO) division of GMR Air Cargo and Aerospace Engineering Ltd (GACAEL), was awarded an Indefinite Delivery Indefinite Quantity (IDIQ) Boeing Global Services (BGS) contract to convert 737-800 passenger aircraft into a 737-800BCF configuration. Astroseal is the provider of Boeing lightning protection.
Aircraft Lightning Protection Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Aircraft Type
- 5.1.1 Fixed-wing Aircraft
- 5.1.2 Rotorcraft
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5.2 End-User
- 5.2.1 Commercial
- 5.2.2 Military
- 5.2.3 General Aviation
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Latin America
- 5.3.2.1 Brazil
- 5.3.2.2 Rest of Latin America
- 5.3.3 Europe
- 5.3.3.1 United Kingdom
- 5.3.3.2 Germany
- 5.3.3.3 France
- 5.3.3.4 Russia
- 5.3.3.5 Rest of Europe
- 5.3.4 Asia-Pacific
- 5.3.4.1 China
- 5.3.4.2 India
- 5.3.4.3 Japan
- 5.3.4.4 South Korea
- 5.3.4.5 Rest of Asia-Pacific
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Israel
- 5.3.5.4 South Africa
- 5.3.5.5 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Astroseal Products Manufacturing Corp.
- 6.2.2 PPG Industries, Inc.
- 6.2.3 Dayton-Granger Inc.
- 6.2.4 The Gill Corporation
- 6.2.5 Lord Corporation (Parker Hannifin Corporation)
- 6.2.6 Microsemi (Microchip Technology Inc.)
- 6.2.7 Henkel AG & Co.
- 6.2.8 Hydra-Electric Company
- 6.2.9 AEF Solutions Limited
- 6.2.10 Conductive Composites
- 6.2.11 Technical Fiber Products Ltd (James Cropper PLC)
- 6.2.12 A.P.C.M. LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAircraft Lightning Protection Industry Segmentation
Aircraft lightning protection prevents a lightning strike's electromagnetic energy from entering critical spaces, which include the interior of aircraft, electrical wires, and fuel tank, and it also protects generators, fuel valves, electronically controlled power feeders, and electrical distribution systems.
The aircraft lightning protection market is segmented by aircraft type, end user, and geography. Based on the aircraft type, the market is segmented into fixed-wing aircraft and rotorcraft. Based on the end-user, the market is segmented into commercial, military, and general sviation. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The market sizing and forecasts have been provided in value (USD billion).
| Aircraft Type | Fixed-wing Aircraft | |
| Rotorcraft | ||
| End-User | Commercial | |
| Military | ||
| General Aviation | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Israel | ||
| South Africa | ||
| Rest of Middle-East and Africa |
Aircraft Lightning Protection Market Research FAQs
What is the current Aircraft Lightning Protection Market size?
The Aircraft Lightning Protection Market is projected to register a CAGR of 3.57% during the forecast period (2024-2029)
Who are the key players in Aircraft Lightning Protection Market?
Astroseal Products Manufacturing Corp., Dayton-Granger, Inc., Dexmet Corporation, Technical Fiber Products Ltd (James Cropper PLC) and LORD Corporation (Parker Hannifin Corporation) are the major companies operating in the Aircraft Lightning Protection Market.
Which is the fastest growing region in Aircraft Lightning Protection Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Lightning Protection Market?
In 2024, the North America accounts for the largest market share in Aircraft Lightning Protection Market.
What years does this Aircraft Lightning Protection Market cover?
The report covers the Aircraft Lightning Protection Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Lightning Protection Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Lightning Protection Industry Report
Statistics for the 2024 Aircraft Lightning Protection market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Lightning Protection analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
