Aircraft Lightning Protection Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Aircraft Lightning Protection Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LONDON, GREATER LONDON, UK, November 16, 2023 /EINPresswire.com/ — The global aircraft lightning protection market, valued at $4.15 billion in 2022, is forecasted to reach $4.58 billion in 2023, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 10.3%. Although the global economic recovery from the COVID-19 pandemic has faced short-term disruptions due to the Russia-Ukraine conflict, the market is projected to flourish, with an anticipated valuation of $6.58 billion by 2027. This growth can be attributed to the increasing focus on cost-effective air travel, leading to an upsurge in the demand for aircraft production and subsequently fostering the global aircraft lightning protection market.
Driving Factors Behind Market Expansion
The recent surge in affordable flight options has encouraged more frequent air travel among consumers, contributing significantly to the growth of the aircraft lightning protection market. Notably, several airlines, including Frontier Airlines and JetBlue Airways, have introduced promotional strategies and reduced fares, attracting a higher number of travelers. Such initiatives have not only amplified air travel but also stimulated the production of aircraft, consequently bolstering the demand for lightning protection systems in the aviation sector.
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Key Players and Lightning Sensor Systems
Key players such as Dayton-Granger, L3 Technologies, and Astroseal Products are actively involved in the aircraft lightning protection market, driving technological advancements to ensure enhanced safety and efficiency. Notably, the growing adoption of lightning sensor systems in airplanes has emerged as a significant trend in the market. Lightning sensor systems, like Honeywell’s LSZ-860, facilitate real-time monitoring of the electrical environment around the aircraft, enabling onboard algorithms to assess the risk of lightning charges and improve overall safety measures.
Segments:
• Application: Lightning Protection, Lightning Detection & Warning, Static Wicks, Expanded Metal Foils, Transient Voltage Suppressors, Test Service
• Fit: Line Fit, Retrofit
• Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs)
Geographical Insights: North America Spearheading Market Growth
In 2022, North America stood as the dominant region in the aircraft lightning protection market and is expected to retain its position as the fastest-growing region in the projected period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Aircraft Lightning Protection Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Aircraft Lightning Protection Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on aircraft lightning protection market size, aircraft lightning protection market drivers and trends, aircraft lightning protection market major players, competitors’ revenues, market positioning, and market growth across geographies. The aircraft lightning protection market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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