Jan 06, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Radome Market.
It was estimated prior to this unanticipated outbreak that the Radome Market continues to blossom at a healthy pace and will reach an estimated value of US$ 1.6 billion by 2025. Organic growth of the aerospace industry remains acting as the prime growth driver of the market. Surging commercial and regional aircraft production to support rising air passenger traffic, introduction of fuel-efficient variants of the best-selling aircraft programs (B777x, A320neo, etc.), and upcoming aircraft programs (COMAC C919, Irkut MC21, etc.) are creating a healthy demand for airborne radomes.
Radome is a dome structured shelter that is there to protect the radar or antenna. It is mainly weather resistant and is made up of material that does not hinder the transmission of the signal to and from the antenna. The radome protects the radar or antenna from weather conditions and also from any other equipment or items.
Radome can be of various shapes such as spherical, planal, and so on. They can be used on the ground or on the aircraft or also on the shipboard as per the requirements.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the offering type, the market is segmented as radome body, accessories, and services. 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.
Based on the 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 tower, air traffic control (ATC), air defense radome, and ground vehicle. Similarly, the airborne radome market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and UAV and the shipborne radome market into commercial ships and military ships. 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 the market participants in the coming years, mainly governed by the USA.
In terms of regions, 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 in order 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 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.
Key Players:
Key players operating in the global Radome market are-
- General Dynamics Mission Systems Inc.
- Saint-Gobain Performance Plastics
- Meggitt Plc
- Airbus SE
- L3 Essco
- Cobham plc
- FACC AG
- CPI International Holding
- Jenoptik AG
- Kaman Corporation
- Aviation Industry Corporation of China
- Northrop Grumman Corporation
- Nordam LLC
- Royal DSM.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Radome analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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