The Aircraft Radome Is Estimated To Witness High Growth Owing To Significant Demand From Military Aircraft Segment

The aircraft radome market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
An aircraft radome is a structure covering the antenna of an aircraft to protect it whilst maintaining as close to an unobstructed view as possible. It permits electromagnetic wave signals to pass into and out of the radome while protecting the antenna from the effects of weather and high speed flight. The aircraft radome is utilized in military and commercial aircrafts for weather radar and airborne early warning control systems.

Market Dynamics:
The aircraft radome market is expected to witness significant growth during the forecast period owing to growing aircraft deliveries worldwide and significant demand from military aircraft segment for radar and communication systems. In addition, development of composite radomes that offer improved characteristics including reduced weight and cost as compared to metallic radomes is also fueling the market growth. According to International Air Transport Association (IATA), global passenger traffic is projected to double by 2036 reaching 8.2 billion. This increasing air traffic will drive demand for new commercial aircrafts thereby augmenting the market of aircraft radomes. Furthermore, ongoing modernization programs of existing military aircraft fleets by defense forces globally is also expected to propel the radome market growth over the forecast period.

SWOT Analysis
Strength: Aircraft radome have high demand for military aircrafts. Radomes protect radar systems and sensors from external damage. They are durable and lightweight component that helps reduce weight of aircraft.

Weakness: Development of radome requires high investment and specialized technical expertise. Manufacturing complex composite materials for radomes increases production costs.

Opportunity: Growth of commercial aviation drives demand for radomes in new aircraft programs. Developments in radar absorbing materials and 3D printing opens new avenues for lightweight and durable radomes.

Threats: Political instability and tensions among nations negatively impact defense budget and equipment orders. Economic slowdowns reduce passenger traffic and new aircraft orders.

Key Takeaways

The global Aircraft Radome market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing aircraft orders from military as well as commercial airline industry. Rising defense budget of developing countries to enhance military capabilities also boost the demand for radome systems in fighter jets and aircrafts.

North America region currently dominates the aircraft radome market owing to large militaries and strong presence of radome manufacturers in the region. However, Asia Pacific is projected to exhibit highest growth during the forecast period due increasing aircraft procurement by China and India. Countries in the region are bolstering their defense capabilities with acquisition of new aircraft fleets.

Key players operating in the aircraft radome market are General Dynamics, Airbus, Nordam, Saint-Gobain, Meggitt, Starwin Industries, Kitsap Composites, Orbital ATK, Jenoptik, Harris, Vermont Composites, Pacific Radomes, Royal Engineered Composites, AVIC, ATK, Kelvin Hughes, Raytheon, Leonardo, Ducommun, CPI.

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