The radome market was valued at USD 1.42 Billion in 2017 and projected to reach USD 1.83 Billion by 2023, at a CAGR of 4.78% during the forecast period. The objectives of this study are to analyze the radome market and define, describe, and forecast the market on the basis of the application, offering, and region. 2017 has been considered the base year for this study, and 2018 to 2023 the forecast period.
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Asia Pacific is projected to be the fastest-growing in the radome market during the forecast period, owing to the rising demand for aircraft in the region. Commercial airlines are procuring aircraft in large numbers in order to meet the surging demand for air travel within and outside the region.
Moreover, major countries in the region, such as China, India, Japan, and South Korea are investing significantly for the design, development, manufacture, and procurement of advanced aircraft radomes to equip their latest military aircraft.
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Target Audience for this Report:
- Radome Manufacturers
- Providers or Suppliers of Radome Parts
- Manufacturers of Sub-components of Radomes
- Retailers, Distributors, and Wholesalers of Radome Parts & Structures
- Manufacturers of Defense Components
- Manufacturers of Aerospace Components
- System Integrators
- Radome Associations & Government Bodies
The research methodology that has been used to estimate and forecast the radome market begins with capturing data on the revenues of the key radome players through secondary sources, such as International Air Transport Association (IATA), Department of Defense (DoD), and paid databases. Radome offerings are also taken into consideration to determine the market segmentation.
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The radome market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The North America region is estimated to lead the radome market in 2018, and is expected to be a prominent region for the radome market, due to the high demand for newer aircraft and replacement of aging fleets.
2 New Product Developments By Top Manufacturers in the Radome Market
3 Parameters for Airborne Radome Specification
4 Technology Trends
5 Plasma Radome Technology for Space-Based Antennas
7 Dyneema Crystal Technology for Radomes
8 Resin Transfer Molding Technology
9 Multi Band Radome
10 Patent Listings, 2011-2012
The radome ecosystem providers are General Dynamics (US), L3 Technologies (US), Jenoptik (Germany), Royal DSM (Netherlands), Saint-Gobain (France) NORDAM (US), CPI (US), Orbital ATK (US), TenCate Advanced Composites (US), Verdant (India), and Royal Engineered Composites (US) among others, and the innovators of different types of radomes are Delta G (US), Kaman Composites (UK), FDS Italy Srl (Italy), and Pacific Radomes Inc. (US), among others.
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Radome market has been segmented into product and service. Product segment is estimated to lead radome market in 2018.
Most commonly used materials are glass-fibre and quartz & most common types of structures are sandwich, solid laminate, & metal & dielectric space frames. Different combinations of materials & structures are used as per requirements for commercial and military applications.
The breakup of the profiles of the primary participants in this report on the radome market has been given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
- By Region: North America - 30%, Europe – 20%, Asia Pacific – 30%, Middle East- 10%, and RoW – 10%
Asia Pacific region is projected to be the fastest-growing region in the radome market during the forecast period due to the increase in modernization programs in the Asia Pacific aviation industry, which is expected to lead to the high adoption of radomes for advanced aircraft.
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