Aircraft radome are advanced composite structures that protects radar antennas and allows transmission of electromagnetic waves. Radomes effectively protect aircraft radar systems from harsh operating environment. Increasing demand for enhanced situational awareness from defense and commercial aviation industry is driving the aircraft radome market. The global 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 key trends:
The increasing demand for advanced composite radomes from defense sector is one of the key trends observed in aircraft radome market. Nation states around the world are focusing more on modernizing their defense capabilities. Composite radomes effectively protect radar systems and reduce maintenance costs compared to metal radomes. They are lighter weight, durable, and have high strength to withstand extreme weather conditions. Military organizations are procuring advanced aircraft radomes made from advanced composites such as carbon fiber, fiberglass and thermoplastic for applications in military aircraft, UAVs, ships and missile systems. Ongoing military modernization programs will continue to drive demand for advanced composite radomes during the forecast period.
Segment Analysis
The global aircraft radome market is dominated by nose radome segment, which captured around 50% of the total market share in 2023. This is because nose radome plays a critical role in aircraft radar system as it protects the primary active elements of the radar system such as antenna from environmental disturbances and weather. Moreover, nose radome also provides aerodynamic efficiency to aircraft.
Key Takeaways
The global aircraft radome market is expected to witness high growth during the forecast period of 2023-2030. Rapid replacement of aging military transport and fighter aircraft fleet globally is driving the demand for aircraft radome.
Regional analysis: North America captured around 35% of the total aircraft radome market share in 2023. This is due to large military aircraft fleet in the US and ongoing replacement and modernization programs by American and Canadian armed forces. Presence of several key radome manufacturers like General Dynamics and Airbus also supports market growth in the region.
Key players: 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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