Market Share of Aircraft Lightning Protection Industry
The aircraft lightning protection market is consolidated with prominent players such as Astroseal Products Manufacturing Corp., LORD Corporation (Parker Hannifin Corporation), Dayton-Granger, Inc., Dexmet Corporation, and Technical Fiber Products Ltd (James Cropper PLC). Companies are investing in the R&D of materials used in aircraft lightning protection and are strengthening their technology portfolios.
The development of innovative products, competitive pricing, and advanced lightweight materials can help companies in achieving long-term contracts with aircraft original equipment manufacturers (OEMs). The entry barrier for new players in the market is high, which can be observed in the venturing of a few aerospace companies into the manufacturing of lightning protection foils in the past couple of years.
For instance, Parker Hannifin Corporation acquired Lord Corporation to increase its presence in the aviation industry. Such developments are expected to enhance the competitive nature of the market in the future.
Aircraft Lightning Protection Market Leaders
Astroseal Products Manufacturing Corp.
Dayton-Granger, Inc.
Dexmet Corporation
Technical Fiber Products Ltd (James Cropper PLC)
LORD Corporation (Parker Hannifin Corporation)
*Disclaimer: Major Players sorted in no particular order
