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
·
Others
By Region (Value ($ million) and Volume (million sq. ft.)
from 2014 to 2025):
·
North America
·
Europe
·
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 helpdesk@lucintel.com. Lucintel offerings include Aerospace Report, Defense Market Report, Opportunity Screening
and Analysis, Capital Investment
Feasibility and SWOT Analysis.
About Lucintel
Lucintel, the premier global management consulting and
market research firm, creates winning strategies for growth. It offers market
assessments, competitive analysis, opportunity analysis, growth consulting,
M&A, and due diligence services to executives and key decision-makers in a
variety of industries. For further information, visit www.lucintel.com.
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?
