Lightning Detection Sensors Market Size, Share, Opportunities, And Trends By Type (Ground-Based, Mobile System, Space-Based), By Application (Meteorology, Aerospace, Marine), And By Geography - Forecasts From 2024 To 2029
- Published : Apr 2024
- Report Code : KSI061615385
- Pages : 138
The lightning detection sensors market is expected to experience a CAGR of 3.96% throughout the forecast period, reaching a market size of US$387.157 million by 2029. This represents a substantial increase from US$295.083 million recorded in 2022.
Lightning detection sensors are devices crafted to identify and oversee lightning discharges in the atmosphere, serving as essential tools in delivering real-time data on lightning strikes, including their location, intensity, and duration. These sensors play a vital role in enhancing the understanding of thunderstorm dynamics, thereby facilitating more efficient planning and response measures to address the impacts of severe weather occurrences. Varieties of lightning detection sensors, such as ground-based, mobile systems, and space-based sensors, cater to diverse applications in meteorology, aerospace, and marine sectors, enabling the monitoring and tracking of severe weather patterns and offering early warnings for thunderstorms. The surging demand for precise and timely weather insights in meteorological operations, coupled with the imperative to safeguard aircraft, vessels, and offshore installations from lightning-related risks, is fueling the growth of the lightning detection sensor market
Expansion of the aerospace industry fuels the market growth.
Lightning poses significant risks to aircraft, including potential damage to critical components, electrical interference, and fire hazards. Hence, lightning detection sensors are crucial for ensuring the safety of flight operations, especially in commercial airlines and military aviation. These sensors detect and pinpoint lightning strikes in real-time, enabling pilots and ground crews to take necessary precautions to mitigate potential dangers. Moreover, lightning data can offer valuable insights for aircraft maintenance and design, allowing engineers to enhance components and systems to withstand lightning strikes. With the aerospace industry expanding and safety concerns mounting, the demand for lightning detection sensors is set to rise.
The growth of civil aviation in India is rapid, with projections indicating that the country could surpass 500 million air travelers, both domestic and international, by 2030. By 2047, India has the potential to become the world's leading aviation market. In 2022, domestic passenger numbers surged by almost 50%, while international traffic saw a remarkable increase of over 150%. The Directorate General of Civil Aviation reported that over 76 million passengers flew with domestic airlines in the first half of 2023, marking a growth rate of over 32% compared to the same period in the previous year. The number of airports in India has also seen a significant rise, increasing from 74 in 2014 to 147 in 2022, with projections to reach 220 by 2025. The Airports Authority of India (AAI), operating under the Ministry of Civil Aviation, oversees the development, maintenance, and management of civil aviation infrastructure in the country, boasting ownership of 137 airports, including international, domestic, and defence airfields, as well as customs facilities.
The market is projected to grow in the North American region.
The booming technological adoption trend in the United States for precise data monitoring has positively impacted the demand for lightning detection sensors, especially in aerospace applications. Here, the growing air passenger traffic and fluctuations in climate conditions have developed the need for using innovative technological options that ensure the safety of flight operations. According to the Bureau of Transportation Statistics, in August 2023, air passenger traffic witnessed an 8.4% growth over the same month previous with passenger enplanements reaching up to 83.1 million (inclusive of domestic & international) .
Additionally, aircraft manufacturing and shipments in the USA have also experienced positive growth which is anticipated to provide a further boost in future market growth. According to the General Aviation Manufacturers Association, in 2023, deliveries of general aircraft manufactured in the United States stood at 2,104 which represented a 7.67% increase over 2022’s shipment of 1,954.
Moreover, the growing emphasis on accurate weather forecasting coupled with growing instances of lightning in the country has further propelled the demand for lightning detection sensors. For instance, according to Vaisala’s “2023 Annual Lightning Report”, the year set a record for the number of weather disasters in the United States with damages of some exceedingly more than US$1 billion. The report further stated that a total of 242, 101,157 cloud-to-growing and in-cloud lightning events occurred over the continental United States in 2023 .
Witnessing the serious ramifications of lightning events various strategic collaborations and investments in new product innovation for better assessment of lighting events have provided new market growth opportunities. Companies such as Vaisala whose “National Lighting Detection Network” has been installed in the US for more than 40 years have been providing one of the most reliable lightning data which have had a profound impact on American society.
Lightning Detection Sensors Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$295.083 million |
Market Size Value in 2029 | US$387.157 million |
Growth Rate | CAGR of 3.96% from 2022 to 2029 |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Million |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Type:
- Ground-based
- Mobile System
- Space-based
- By Application
- Meteorology
- Aerospace
- Marine
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- North America
Frequently Asked Questions (FAQs)
Lightning Detection Sensors Market was valued at US$295.083 million in 2022.
The lightning detection sensors market is expected to reach a total market size of US$387.157 million by 2029.
The global lightning detection sensors market is expected to grow at a CAGR of 3.96% over the forecast period.
The growing need for weather data recording will boost the lightning detection sensors market growth.
The North American region is expected to hold a significant share of the lightning detection sensors market due to the demand for accurate and timely lightning data to aid in weather monitoring and the rise in the number of aircraft manufacturers.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. LIGHTNING DETECTION SENSORS MARKET BY TYPE
5.1. Introduction
5.2. Ground-based
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Mobile System
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Space-based
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
6. LIGHTNING DETECTION SENSORS MARKET BY APPLICATION
6.1. Introduction
6.2. Meteorology
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Aerospace
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Marine
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7. LIGHTNING DETECTION SENSORS MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.1.1. Market Trends and Opportunities
7.2.1.2. Growth Prospects
7.2.2. Canada
7.2.2.1. Market Trends and Opportunities
7.2.2.2. Growth Prospects
7.2.3. Mexico
7.2.3.1. Market Trends and Opportunities
7.2.3.2. Growth Prospects
7.3. South America
7.3.1. Brazil
7.3.1.1. Market Trends and Opportunities
7.3.1.2. Growth Prospects
7.3.2. Argentina
7.3.2.1. Market Trends and Opportunities
7.3.2.2. Growth Prospects
7.3.3. Others
7.3.3.1. Market Trends and Opportunities
7.3.3.2. Growth Prospects
7.4. Europe
7.4.1. Germany
7.4.1.1. Market Trends and Opportunities
7.4.1.2. Growth Prospects
7.4.2. United Kingdom
7.4.2.1. Market Trends and Opportunities
7.4.2.2. Growth Prospects
7.4.3. France
7.4.3.1. Market Trends and Opportunities
7.4.3.2. Growth Prospects
7.4.4. Spain
7.4.4.1. Market Trends and Opportunities
7.4.4.2. Growth Prospects
7.4.5. Others
7.4.5.1. Market Trends and Opportunities
7.4.5.2. Growth Prospects
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.1.1. Market Trends and Opportunities
7.5.1.2. Growth Prospects
7.5.2. UAE
7.5.2.1. Market Trends and Opportunities
7.5.2.2. Growth Prospects
7.5.3. Others
7.5.3.1. Market Trends and Opportunities
7.5.3.2. Growth Prospects
7.6. Asia Pacific
7.6.1. China
7.6.1.1. Market Trends and Opportunities
7.6.1.2. Growth Prospects
7.6.2. Japan
7.6.2.1. Market Trends and Opportunities
7.6.2.2. Growth Prospects
7.6.3. South Korea
7.6.3.1. Market Trends and Opportunities
7.6.3.2. Growth Prospects
7.6.4. India
7.6.4.1. Market Trends and Opportunities
7.6.4.2. Growth Prospects
7.6.5. Australia
7.6.5.1. Market Trends and Opportunities
7.6.5.2. Growth Prospects
7.6.6. Others
7.6.6.1. Market Trends and Opportunities
7.6.6.2. Growth Prospects
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Boltek Corporation
9.2. Bristol Industrial & Research Associates Ltd
9.3. Honeywell International Inc.
9.4. Precision Measurement Technologies
9.5. TOA Systems Inc.
9.6. Vaisala
Boltek Corporation
Bristol Industrial & Research Associates Ltd
Honeywell International Inc.
Precision Measurement Technologies
TOA Systems Inc.
Vaisala
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