Stratview Research has published a new report titled “Radome Market” which is segmented by Application Type (Ground-Based Radome [Telecom Tower, Air Traffic Control, Air Defense Radome, and Ground Vehicles], Airborne Radome [Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, and UAV], and Shipboard Radome [Commercial Ships and Military Ships]), by Offering Type (Radome Body [Nose Radome, SATCOM Radome, and Others] [Glass Fiber Radome, Quartz Fiber Radome, and Others], Accessories, and Services), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, it is extrapolated that the radome market continues to blossom at a healthy pace and will reach an estimated value of US$ 1.6 billion by 2025.
A radome is one of the pith systems of an aircraft as it is designed to protect the antenna system from harsh environments, preserve the aerodynamics of the vehicle, provide lightning strike protection, and maintain stealthy attributes. Composites have been the perennial choice of materials over the eons as these materials are transparent and interfere with the sign industry’s market dynamics.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Offering Type
The market is segmented into radome body, accessories, and services. The Radome body is further bifurcated based on the material type glass fiber radome, quartz fiber radome, and other radomes; structure type as solid laminate, sandwich construction, and others; and as radome type as nose radome, SATCOM radome, and others.
Radome body is likely to maintain its unassailable dominance in years to come, whereas services are likely to witness the highest growth.
By Application Type
The market is segmented as ground-based radome, airborne radome, and shipboard radome. The ground-based radome market is further segmented into telecom towers, air traffic control (ATC), air defense radome, and ground vehicles. Similarly, the airborne radome market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and UAVs, and the shipborne radome market into commercial ships and military ships.
The airborne radome is likely to remain the most dominant as well as the fastest-growing segment of the market in the coming five years. In airborne radome, commercial aircraft is anticipated to remain the growth engine in the foreseen future. UAV, a relatively small segment, is expected to generate impressive growth opportunities for market participants in the coming years, mainly governed by the USA.
Which Region is expected to remain the largest market?
North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American radome market. The country is the hub for the aerospace industry with the presence of several aircraft OEMs, tier players, radome manufacturers, and raw material suppliers.
Most of the major radome manufacturers have their presence in the region to address the emergent needs of the OEMs to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is likely to depict the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the opening of assembly plants of Boeing and Airbus in China for the B737, A320, and A330 aircraft programs.
Upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ); rising aircraft fleet size; and increasing military spending by countries such as China and India further assure the region’s attractiveness in the long haul.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Radome Market:
General Dynamics Mission Systems Inc.
Saint-Gobain Performance Plastics
CPI International Holding
Aviation Industry Corporation of China
Northrop Grumman Corporation
Key questions answered by the report.
What is the projected CAGR for revenue from the Radome Market during the forecast period?
What would the market be valued at by 2025?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Radome Market?
Which are the major market players?
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