Jul 9, 2020 SOURCE: BusinessWire

Global Aircraft Lightning Protection Market to 2025 - Growth, Trends, and Forecasts - ResearchAndMarkets.com

The "Aircraft Lightning Protection Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The aircraft lightning protection market is anticipated to register a CAGR of over 4% during the forecast period (2020 - 2025).

Aircraft are often struck by lightning and in order to avoid damage, all aircraft are equipped with lightning protection material and systems that avoid the electric field concentration.

With the rise in air passenger traffic, airlines are placing orders for new aircraft to expand and modernize their fleet. Likewise, several countries are striving to enhance their aerial combat and transport capabilities which is resulting in new orders for military aircraft. Such factors are simultaneously generating demand and are driving the market for aircraft lightning protection.

Companies Mentioned

Astroseal Products Manufacturing Corp.
PPG Engineered Materials
Dayton-Granger Inc.
The Gill Corporation
Parker Hannifin Corporation
Microsemi (Microchip Technology Inc.)
Henkel AG & Co.
Hydra-Electric Company
AEF Solutions
Conductive Composites
Technical Fibre Products Ltd
A.P.C.M. LLC

Key Market Trends

Commercial Aircraft Segment to dominate the market during the forecast period

The commercial aircraft segment held the highest market share in 2019. In 2019, more than 4.5 billion people traveled by commercial airlines around the world. The rise in air traffic is prompting airline operators to initiate procurement drives and place firm orders for new-generation aircraft. For instance, in July 2019, Air France-KLM signed a Memorandum of Understanding (MoU) with Airbus for 60 A220-300 aircraft to modernize its fleet and in December 2019, Air France-KLM Group ordered additional 10 widebody Airbus A350-900s. In April 2020, Airbus received orders for 9 commercial aircraft from its A320 product line from Avolon. In April 2020, Airbus made 26 deliveries from the A320, A330, A350 XWB and A320 neo aircraft families.

North America to Dominate the Market During the Forecast Period

The North American region is estimated to have the highest growth rate during the forecast period, due to increasing aircraft procurement in the United States, both by military and commercial segments. Air travel to and from the United States has increased significantly over the past decade. As a result of increasing air passenger traffic, commercial airlines in the region are investing heavily to expand their fleet with new commercial aircraft. For instance, in July 2019, Delta Air Lines ordered five Airbus A220-100 aircraft. Earlier, in 2016 Delta Air Lines had placed an order for 75 A220 aircraft and later ordered an additional 15 aircraft in December 2018. Similarly, in June 2019, American Airlines ordered 50 Airbus A321XLR aircraft, which is the new longer-ranger version of Airbus's A321neo aircraft.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Aircraft Type

5.1.1 Fixed-wing Aircraft