Airborne Lightning Detection System Market – Industry Growth, Share, Size, Trends, Leading Players, Opportunities, Segments, Key Country and Regional Forecast to 2023

Airborne Lightning Detection System Market – Industry Growth, Share, Size, Trends, Leading Players, Opportunities, Segments, Key Country and Regional Forecast to 2023

“Airborne Lightning Detection System Market”
Global Airborne Lightning Detection System Market: Information by Equipment (Lightning Sensor, Lightning Processor, Lightning Display), Aircraft Type (Fixed-Wing, Rotary-Wing, UAV), End User (Defense, Commercial), Fit (Line, Retro), Region – Global Forecast till 2023

Lightning Detection System is an intelligent solution which provides predictive hazard warnings to pilots in harsh weather conditions. It is a critical capability for any aircraft that enables the most advanced foresight of potential weather-caused disruptions.

The short-term forecast updates and detailed warnings provided by lightning detection system the short can help protect aircraft and its occupants from the dangerous effects of lightning. The system also demonstrates the ability to collaborate with others through real-time screen sharing enclosed in the dashboard.

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Not having an airborne lightning detection as part of a flight has tremendous safety implications. As a result, the lightning detection system holds an integral place in every aircraft, and its market enjoys increasing traction, globally.

Market Research Future (MRFR), a renowned research firm in its recently published study report asserts that the global airborne lightning detection system market would witness enormous growth by 2023, registering an impressive CAGR throughout the forecast period (2018-2023).

Rapid advancements in technology and regulatory changes have increased the size of the market, making the system more common in cockpits. OEMs and avionics suppliers are increasing the availability of the lightning detection system and its functionality. 

Well-spread awareness towards the safety features that airborne lightning detection can offer is a key driving force behind the growth of the market, increasing the survivability of fighter pilots, proving incredibly important almost every flight. Advancements in technology led by the increasing demand for safety technologies are some of the major tailwinds pushing up the growth of the market.

However, from the technology side, there is a need to go toward affordable systems. These improvements would make lightning detection systems more adaptable. Additionally, the initial R&D expenses for airborne lightning detection technology are extremely high, which, along with the technological incompetency acts as a major headwind to the growth of the market. Also, the lack of proper standards is expected to hinder the market growth.

Segmentations:

For an easy grasp, the market is segmented into five key dynamics; 

By Equipment: Lightning Sensor, Lightning Processor, and Lightning Display among others.

By Aircraft Type: Fixed-Wing, Rotary-Wing, and UAV among others.

By End-user: Defense and Commercial.

By Fit: Line-fit and Retrofit.

By Regions: Asia Pacific, Europe, North America, and the Rest-of-the-World (RoW).

Regional Analysis:

North America, heading with the presence of major aircraft manufacturers such as Boeing and Bombardier, would retain its dominance over the global airborne lightning detection system market throughout the forecast period. Moreover, the presence of large OEMs and avionics suppliers offering the retrofit option for the lightning detection system and its functionality impact the growth of the regional market, positively.

North America is already a huge aviation market with a number of operational aircraft, business jets or commercial aircraft, GA aircraft, helicopters, and UAVs. Moreover, the rise in demand for new aircraft and focus on ensuring aviation safety is a key driver for the growth of the regional market. The market in North America is expected to grow rapidly during the review period owing to the augmenting demand for private and commercial jets in the region. The US accounts for the major contributor to the growth of the regional market.

Europe is fervent a market for the airborne lightning detection system, which takes the second position owing to the augmented demand from the aviation sector. The presence of some of the leading market players such as BAE Systems and SAAB is definitely impacting the growth of the regional market. Continuing with these growth trends, the region is expected to witness a spectacular growth during the review period.

Whereas, the third largest market for the airborne lightning detection system, the Asia Pacific region is emerging as a profitable market, globally.  Growing OEMs market in the region would contribute to the growth of the regional market during the forecast period.

Competitive Landscape:

Highly competitive, the airborne lightning detection system market appears to be fragmented due to the presence of several major players. Well-established players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to maintain their positions in the market by gaining a competitive advantage. Strategic alliances are expected to support the growth and expansion plans of these players during the forecast period.

They employ an improvement strategy to update and analyze the software, implement improvements, and launch advent technologies meeting the changing requirements of consumers. For which they develop an entrenched infrastructure that can allow the seamless implementation of technologies. Given the immense revenue generation opportunities of the market, new entrants are increasingly getting attracted only to find it further challenging to survive with the latest technologies.

Major Players:

Key players leading the global airborne lightning detection system market include BAE Systems (UK), Aselsan AS (Turkey), United Technologies Corporation (US), Sarasota Avionics International (US), Elbit Systems Ltd (Israel), Northrop Grumman Corporation (US), RUAG Group (Switzerland), Raytheon Company (US), Terma (Denmark), and Saab AB (Sweden), among others.

Industry/ Innovation/ Related News:

March 24, 2019 —- Earth Networks, Inc. (the US), a leader in early warning systems for aviation launched its new Aviation Early Warning System Safety of Air Navigation in Africa and Madagascar (ASECNA).

The newly operational global aviation early warning system includes Real-time lightning detection and many other features such as lightning-derived radar alternatives. The system is primarily designed for air traffic management and airport operations professionals to issue alerts on severe weather and lightning threats that have the potential to affect air and land operations.

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