Global Lighting Strike Protection (LSP) Market to Exhibit 10.7% CAGR to 2022, Says Lucintel in Its In-Demand Report Available at MarketPublishers.com30 Aug 2017 • by Natalie Aster
LONDON – The future of the world’s aerospace lighting strike protection (LSP) industry looks promising with great opportunities emerging in the regional, commercial and military aircraft markets. During 2017-2022, the aerospace lighting strike protection industry is forecast to increase at a high 10.7% CAGR, spurred majorly by the favourable aviation regulations, rising penetration of composites in aircraft programs, introduction of certification standards associated with the use of LSP in aircraft and proliferating aircraft deliveries.
Some of the prominent market trends include development of nano-enhanced LSP and introduction of light-weight LSP materials.
The most prominent suppliers of LSP materials in the global arena include Dexmet Corporation, Astroseal Products Mfg. and GKD Gebr. Kufferath AG, amid others.
Thorough 2022, the North American region is projected to stay ahead of other regional LSP markets, majorly owing to the highest number of aircraft deliveries and the largest production in this region.
In-demand research study “Growth Opportunities in the Global Aerospace Lightning Strike Protection Market” worked out by Lucintel provides a comprehensive assessment of the LSP market performance at different geographical levels and sheds light on the market dynamics. Besides, it contains reliable data on the market size and shares, examines the key market segments and features the major market growth limiting and driving forces. Moreover, this topical report points out the most lucrative growth areas and opportunities and touches upon the key threats and challenges. This report also includes an insightful strategic analysis of the LSP industry with important details on the recent M&A, new product launches and recent business activities. Insights into the competitive landscape and valuable info on the leading participants are also at hand in the report. Future forecasts through 2022 are provided as well.
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