Sellbyville, DE -- (SBWIRE) -- 10/08/2018 -- Line-fit segment from the aircraft lightning protection market contributed for highest revenue share in 2017. This can be attributed to deployment of lightning protective materials for ensuring the airplane safety. Protective materials including transient voltage suppressors, grounding wires, and expanded metal foils are deployed on the airplane during fabrication. Continuous efforts for reducing the weight of metal foil and improving the conductivity will further support the product demand. Moreover, retrofit segment will foresee sturdy growth owing to the rising MRO facilities.

North America leads the aircraft lightning protection market owing to the increasing production and deliveries of airplanes. Government of the U.S & Canada and FAA introduced regulations regarding the weight of empty plane which will surge the application for composite materials. Implementation of procedures regarding conductive treatment for composites will increase the product demand. Asia Pacific is expected to witness around 5% CAGR over the forecast timeframe owing to multiplying number of air passengers. Moreover, the reduction of airfare in developing economies such as India and China by the airline operators will further strengthen regional share.

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Rising usage of composite materials for improving fuel efficiency and reducing airplane weight will trigger the industry growth over the forecast period. These materials comprise of multiple benefits, however resisting current flow property may damage the airplane structure. Commercial airplanes witness lightning strike at least once in a time span of 1,000 hours of flight duration. The amount of the damaged caused to the airplane depends on the amount of energy dissipated, strike duration, and exit & attachment locations. Manufacturers deploy conductive material on the outer surface to improve the airplane conductivity, positively influencing the aircraft lightning protection market growth from 2018 to 2024.

Increasing number of air passengers is augmenting the requirements for airplanes. IATA reported that the number of air passenger is expected to increase over 7.8 billion by 2036. The airline industry witnessed a significant rise in the number of passengers in comparison to seaways and railways owing to increased safety and reduced travel time. Industry players are focusing to expand their business owing to the previous backlog, thereby escalating the aircraft lightning protection industry.

Stringent safety norms by multiple bodies such as Society of Automotive Engineers, Federal Aviation Administration, and Military Standards includes the installation of protective materials in the airplane structure for enhancing the conductivity and passenger safety. Application of protective materials on airplanes forms faraday cage on outer surface. Shifting trend towards deployment of advanced material on the airplane surface for meeting the regulatory standards is expected to proliferate the aircraft lightning protection business.

Lightning protection material dominated the industry and accounted for 94% of overall revenue in 2017. The materials are deployed on the outer surface and in structure for protecting the airplanes against lightning strikes. The static wicks and grounding wires are positioned on the trailing edges for discharging the charge into atmosphere. While expanded metal foil is positioned in the structure above composite material for improving the conductivity. Moreover, deployment of static wicks to reduce hinderances in radio communication and transmitting static discharges will propel the aircraft lightning protection market demand over the forecast period.

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Civil segment dominated the aircraft lightning protection market owing to its large airplane fleet accommodating air passengers. Increasing disposable income and reduced airfare is enabling the operators to strengthen its customer base, thereby resulting in increase of flight iterations. The rising flight iterations is expected to support the industry revenue generation till 2024.

Regional jets are expected to witness fastest growth over forecast period owing to its increased profitability and easy air services offered to small airplanes. For instance, in 2018, Lufthansa airlines witnessed an addition of CRJ100 jets for connecting eastern and western European cities. Moreover, increasing trading activities across the globe is expected to fuel the growth of business jets, thereby escalating the aircraft lightning protection market volume.

Aircraft lightning protection market participants include Microsemi Corporation, Cobham, Saywell, Dexmet Corporation, The Gill Corporation, L3 Aviation Products and Honeywell. Other notable players are Saab, Dayton Granger, The Expanded Metal Company, Wire Masters, TE Connectivity, Benmetal, Exel Group, Niles Expanded Metal, Astroseal Products, Avidyne, and Proteck devices. Companies are focusing on launching advanced products for improving market position. For instance, in 2015, Dexmet Corporation launched thinner expanded foils for usage in high performing applications.