Aircraft Lightning Detection Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The aircraft lightning detection system is the most critical part of any aircraft. The average lightning strike on commercial aircraft occurs every ~1,000 hours of flight time, which makes aircraft lightning detection system more critical. The aircraft's outer body is made of aluminum, which is a very good conductor of electricity provides uninterrupted and safe passage for current to travel from the point of impact to another point. At the moment of lightning strick, the lightning attaches itself to edges of the wing-tip or the wing and travels along the outer body of the aircraft to the nose and continues to hit the ground. Up to one million volts of current can be delivered in a single lightning strike. Lightning detection systems are used to reduce the significance of the strike, in order to avoid the lightning strikes, which can affect aircraft operations and cause service interruption.

MARKET DYNAMICS

The increasing aircraft fleet, increasing air routes, increasing passenger travel, rising research and development with respect to design, mechanism, and material of the aircraft body to make safer, lighter and efficient aircrafts, rising need to establish safer aircrafts, are few of the factors driving the growth of the aircraft lightning detection systems market over the forecast period. The aviation industry is under the scanner of regulating authorities and safety measures due to aircraft accidents in the past couple of years. Such regulations push aircraft manufacturers to develop safety products such as lightning detection systems. The aircraft lightning detection system is the essential safety requirements in order to protect the aircraft. However, the factors such as the high cost of manufacturing such systems and stringent regulations required for the manufacturing of aerospace components may restraint the growth of the aircraft lightning detection market over the forecast period.

MARKET SCOPE

The "Global Aircraft lightning detection systems Market Analysis to 2031" is a specialized and in-depth study of the Aircraft lightning detection systems industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft lightning detection systems market with detailed market segmentation by equipment, aircraft type, fit, end-user, and geography. The global aircraft lightning detection systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft lightning detection systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Aircraft lightning detection systems market is segmented on the basis of equipment, aircraft type, fit, and end-user. Based on equipment, the market is segmented as Lightning Sensor, Lightning Processor, and Lightning Display. Further, based on aircraft type, the market is divided into Fixed-Wing and Rotary-Wing. Furthermore, on basis of fit, market is segmented as linefit and retrofit. Based on end0-user, the Aircraft lightning detection systems market is segmented as defense and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Aircraft lightning detection systems market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Aircraft lightning detection systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting Aircraft lightning detection systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Force analysis for the Aircraft lightning detection systems market.

MARKET PLAYERS

The reports cover key developments in the Aircraft lightning detection systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from Aircraft lightning detection systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft lightning detection systems in the global market. Below mentioned is the list of few companies engaged in the Aircraft lightning detection systems market.

The report also includes the profiles of key Aircraft lightning detection systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•  Aselsan AS
•  BAE Systems
•  Elbit Systems Ltd.
•  L3 Technologies, Inc.
•  Raytheon Company
•  RUAG Group
•  Saab AB
•  Sarasota Avionics International
•  TOA Systems Inc.
•  United Technologies Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Lightning Detection Systems Report Scope