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North America Aerospace Lightning Strike Protection Market to exhibit highest revenue share in the industry during forecast period

Author : Ronak Bora | Published Date : 2019-04-04 

A comprehensive research study on aerospace lightning strike protection market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

North America is anticipated to exhibit highest revenue share in the industry over the forecast timeframe. It can be attributed to tremendously rising number of aircraft production and deliveries across the region. Rising passenger traffic travelling by air will significantly contribute to the region’s aerospace lightning strike protection market size till 2024.

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Europe will witness a significant growth over the coming years owing to the stringent regulations and standards regarding CO2 emissions from aviation. Regular innovations will further fuel the regional growth.

Usage of advanced and light weighted LSP materials will further gain traction among the industry participants owing to the economic and environment protection considerations. They provide the aircrafts with enhanced lightning protection. Integration of Nano technology in these lightning strike protection systems is also an upcoming trend in the aerospace lightning strike protection market. It makes the product highly conductive and its usage leads to protection against corrosion and abrasion. Usage of carbon fibers in the LSP is also increasing owing to their lighter weight.

Aerospace lightning strike protection market can be segmented based on the type into interwoven wire, expanded foil, painting & coating, lighting diverter strips, interwoven wire, and metalized fibers and fabrics. The expanded foil is anticipated to register high gains over the forecast timeline owing to its high usage in the modern aircrafts such as A350XWB and B787. The increasing demand of these aircrafts will foster the industry growth till 2024. Additionally, provision of the benefits such as cost effectiveness, enhanced formability, corrosion resistance, light weight, and better conductivity as compared to the counterparts will further support the industry dominance over the next eight years.

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High acceptance from regional, military, and commercial aircrafts manufacturers due to aircraft protection concerns will majorly drive the industry over the forecast timeframe. Continuous increase in aircraft deliveries will also support the industry. Strengthening aerospace composites penetration in aircraft programs, stringent aviation standards & regulations across the globe will further escalate the revenue share of the aerospace lightning strike protection market over the coming years.

Modernization of aircrafts has led to increasing usage of composites around the world. It can be attributed to the provision of several safety and weight benefits. Industry players focus on technological advancements to gain a competitive edge. Integration of Carbon Nanostructures into general composite materials has gained prominence in the industry. It provides enhanced lighting protection along with cost effective and light weight alternative to metal mesh. NASA developed a wireless sensor technology for ensuring lightning strike protection by identifying lightning and upcoming damage. These innovations will induce immense potential to the aerospace lightning strike protection market size over the next eight years.

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Henkel, Arconic, LORD Corporation, Wallner tooling/EXPAC, Hollingsworth & Vose Company, Lighting Diversion System, Astroseal Products Mfg.Astrostrike/Corporation, and Dexmet Corporation are among the prominent players in the aerospace lightning strike protection market. Other notable players include GKD – GEBR. Kufferath AG, Niles Expanded Metals & Plastic, and Technical Fibre Products, Inc. Industry players focus on developing innovative products to strengthen their visbility and foothold.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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