An ice protection system and method are provided that facilitate the prevention or reduction in ice formation upon an aerodynamic surface. The ice protection system may include an aerodynamic surface that includes a susceptor formed of a ferromagnetic material that is located proximate an outer mold line of a leading edge of the aerodynamic surface. The ice protection system may also include at least one induction coil and a signal source configured to provide alternating current to the at least one induction coil to thereby generate an electromagnetic field. The electromagnetic field creates an eddy current in the susceptor so as to heat the leading edge of the aerodynamic surface. A corresponding ice protection method is also provided.