Aircraft manufacturers are focused on designing a wide array of components and systems that can effectively withstand and dissipate the static current generated by lightning strikes. The aircraft lightning protection market is projected to grow from USD 4.10 Billion in 2017 to USD 5.52 Billion by 2022, at a CAGR of 6.13% from 2017 to 2022. Emerging markets in the Middle East, the Asia Pacific, and Latin America are expected to witness an increase in demand for new and advanced aircraft during the forecast period. According to the Boeing 2016 Market Outlook, the Asia Pacific region is projected to account for a share of 40.0% of the global aircraft deliveries between 2015 and 2035. The rise in air passenger traffic, globally, due to the increase in the disposable income of the middle-class population in emerging economies, such as India and China, among others, is expected to fuel the demand for new aircraft.
Microsemi Corporation (US), Astroseal Products (US), and Dexmet (US) are some of the key players operating in the aircraft lightning protection market. Core competencies of these players include their widespread geographical presence and increased investments in R&D activities. Microsemi Corporation is a world leader in the design, fabrication, and supply of Transient Voltage Suppressors (TVS). TVS diodes provide critical protection by going into avalanche breakdown within no more than a few nanoseconds after a strike, clamping the transient voltage, and routing its current to the ground.
Dexmet Corporation is a privately held company founded in 1948. The company specializes in the manufacture of precision expanded metals, foils, and polymers with exacting mechanical and electrical properties to meet very tight conductivity, weight, and dimensional tolerances. Dexmet precision expanded metals and performance polymer products are used in the aerospace, medical, packaging, food & drug, and automotive industries wherever mesh and perforated foils, metals, and plastics with high precision characteristics are required.
Astroseal Products Manufacturing Corporation was founded in 1965 and is headquartered in Chester, US. This company manufactures copper and aluminum mesh lightning strike protection products for the aerospace industry. The company’s products are used in fixed-wing aircraft, helicopters, multi-engine propeller-driven aircraft, straight wing business jets, transport aircraft, single engine propeller driven aircraft, and swept wing business jets. All composite aircraft make use of Astrostrike Lightning Strike Protection for both shielding and lightning protection.
Aircraft Lightning Protection Market by Application (Test Service, Lightning Detection & Warning, Lightning Protection), Aircraft Type (Fixed-wing, Rotary-wing, UAVs), End User (Civil, Military), Fit (Linefit, Retrofit), Region - Global Forecast to 2022
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