According to a new market report published by Lucintel, the future of the global aerospace lightning strike protection market looks promising with opportunities in the commercial, regional, and military aircraft markets. The global aerospace lightning strike protection market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2019 to 2025. The major drivers for this market are increasing penetration of composites in aircraft programs, growth in aircraft deliveries, and aviation regulations and certification standards regarding the use of Lightning Strike Protection (LSP) in aircraft.
In this market, various types of LSP, such as expanded foil, interwoven wires, metallized fabrics and fibers, coating and painting, and lightning diverter strips are used for lighting protection of the aircraft. Lucintel forecasts that the expanded foil will remain the largest segment by value and by volume due to increasing usage of expanded foil in new aircraft, such as B787 and A350XWB. Expanded foil also provides higher conductivity, lightweight, low cost, better formability and corrosion resistance, as well as a good surface finish.
North America will remain the largest region by value and by volume during the forecast period due to the highest number of aircraft delivery and production in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of light weight LSP materials, nano-enhanced lightning strike protection, and replacing metals structures with composites. Dexmet Corporation, GKD Gebr. Kufferath AG, and Astroseal Products Mfg. Inc. are among the major suppliers of LSP materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace LSP market by type and region and has prepared comprehensive research report titled, “Growth Opportunities in the Global Aerospace LSP Market 2020-2025: Trends, Forecast, and Market Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace LSP market by type and region as follows:
By Type (Value ($ million) and Volume (million sq. ft.) from 2014 to 2025):
• Expanded Foil
• Interwoven Wire
• Coating and Painting
• Metallized Fabrics and Fibers
• Lightning Diverter Strips
By Region (Value ($ million) and Volume (million sq. ft.) from 2014 to 2025):
• North America
• Asia Pacific
• The Rest of the World
This 131 – page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Aerospace Report, Defense Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global aerospace LSP market by type (expanded foil, interwoven wires, metallized fabrics and fibers, coating and painting, lightning diverter strips, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years?