The Aircraft Lightning Protection Systems Market report represents gathered information about a market within an industry or various industries. Aircraft Lightning Protection Systems Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report from 2024 to 2028.
The global Aircraft Lightning Protection Systems Market size is projected to reach a CAGR of 6.5% from USD 4.2 Billion to Forecast 2028
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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 avionics and flight control, conductive meshes, etc.
With the rise in air passenger traffic, airlines are placing orders for new aircraft to expand, modernize their fleets, several countries are striving to enhance their aerial combat and transport capabilities are some of the factors that have supported long-term expansion for Aircraft Lightning Protection Systems Market.
Regional Analysis
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 the military and commercial segments.
Recent Developments
July 2019, Air France-KLM signed a Memorandum of Understanding (MoU) with Airbus for 60 A220-300 aircraft to modernize its fleet.
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.
Key Players
· Astroseal Products Manufacturing Corp.
· Parker Hannifin Corporation
· PPG Engineered Materials
· Dayton-Granger, Inc.
· AEF Solutions and More
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