Aircraft Radome Market Is Estimated To Witness High Growth
The Aircraft Radome Market is estimated to be valued at US$ 640.7 Million in 2022 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Aircraft radome is a structural, weatherproof enclosure mounted on the aircraft to protect radar antennas or IRST sensors. It is made from dielectric/composite materials to allow electromagnetic signals to pass through with minimal attenuation or distortion. Radomes are deployed on military and commercial aircraft to serve various applications including navigation, surveillance, targeting etc.
Market Dynamics:
The aircraft radome market is expected to witness significant growth over the forecast period owing to increasing military expenditure globally and adoption of advanced composite materials for radome development. According to Stockholm International Peace Research Institute (SIPRI), the global military expenditure rose to US$ 2.1 trillion in 2021, registering an increase of 0.7% from the previous year. Growing defense budgets have prompted armed forces across countries to procure new combat aircraft, helicopters, UAVs which will ultimately drive the demand for aircraft radomes.
Moreover, development of advanced composite materials such as carbon fiber reinforced polymers (CFRP), thermoplastic composites offer advantages including lightweight, corrosion resistance, durability over traditional metallic radomes. Leading OEMs are adopting composite radomes to reduce aircraft weight and enable seamless integration of radars. For instance, the latest F-35 Lightning II utilizes CFRP radome. Adoption of composites is expected to remain lucrative for radome manufacturers over the forecast period.
Read More : https://www.zupyak.com/p/3895735/t/north-america-to-dominate-the-aircraft-radome-market
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