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Aircraft Lightning Protection Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Apr 09, 2019 (MarketersMedia via COMTEX) —
According to Stratistics MRC, the Global Aircraft Lightning Protectionis accounted for $4.09billion in 2017 and is expected to reach $7.86billion by 2026 growing at a CAGR of 7.5% during the forecast period.
Growing adoption of composite structures in aircraft program and increase in aircraft fleet and new aircraft orders are some of the factors propelling the market growth. However, high price of manufacturing setup and strict regulatory norms are hindering the market growth.
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Depending on end user, Civil segment has a significant growth during the forecast period due to rise in air travel and disposable revenue of the middle-class populace andgrowth in demand for passenger & cargo flights are some of the factors driving the market growth.
Based on geography, Asia Pacific has a highest market growth during the forecast period. Factors such as rising air passenger traffic &improving economic conditions, growing demand for new lightweight and fuel-efficient aircraft are driving the market growth in this region.
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Some of the key players profiled in the Aircraft Lightning ProtectionincludeAstroseal Products Manufacturing Corporation (Astrostrike), Avidyne, Cobham, Dayton-Granger, Dexmet Corporation, Honeywell International, L3 Technologies, Lord Corporation, Microsemi Corporation, National Technical Systems (NTP), Pinnacle Lightning Protection, Saab and TE Connectivity.
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Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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