Aircraft Radome Market Overview:
Radome acts as a structural enclosure that protects the radar system. The nose cone of an airplane often acts as a radome that is made up of specific materials such as fibreglass, quartz, honeycomb and foam cores, which can protect sensitive devices when passing electronic signals. It consists of materials that do not interfere with the transmission of electromagnetic signals. It is also naturally weather resistant. The radome is used to transmit communications in airplanes efficiently. The aircraft radome market is expected to grow as the demand for commercial and military aircraft worldwide increases.
The global Aircraft Radome market was worth US$ xx million in 2019, and it is estimated to reach a valuation of US$ xx million by the end of 2025, growing at an annual compound rate of xx% between 2020 and 2025.
Recent Developments and Trends
In 2019, China ordered 300 airplanes from Airbus. The contract is worth approximately $ 34 billion and consists of 290 A320 family aircraft and 10 A350 wide-body aircraft.
January 2019 announced plans to buy two Palcon aviation warning and control systems in India and Israel.
As of February 2019, the Boeing egrets were 5,904, and the Airbus egrets were 7,390.
The market for the aircraft radome is affected by several factors, such as an increase in the demand for air travel and a rise in need for quartz fibers.
The Aircraft radome market is projected to grow significantly due to the different properties they offer. This radome integration improves system availability and performance since the antenna is not in direct contact with wind, rain or ice. In addition, the use of radome for aircraft antennas keeps them protected while traveling, which helps in unobstructed communication, significantly reducing maintenance costs. Also, radome's design is aesthetically pleasing and can be used to hide the equipment inside the dome effectively. These factors are driving the demand for radome in the aerospace industry.
Besides, commercial air travel is on the rise as disposable income increases worldwide. Developing countries such as India and China are investing in the defense sector to buy high-end military aircraft to secure airspace. This factor is also expected to activate the Aircraft radome market during the forecast period.
However, certain limiting factors interfere to some extent with the demand for Aircraft radomes. The installed radome may malfunction, and dangerous communication may be interrupted during air travel. This factor can limit the expansion of radome during the forecast period.
The global aircraft radome market is broken down by product type, type of aircraft and region.
In terms of the product type, the global aircraft radome industry can be divided into nose radome, SATCOM radome and other radomes. The nose radome is more effective because it protects the aircraft equipment directly from sources of interference from wind, snow and rain at high speed.
In terms of aircraft type, the global aircraft radome business can be branched as commercial aircraft, regional aircraft, general aviation, helicopters and military aircraft. The commercial aircraft segment is predicted to experience the highest growth rate in the coming years, attributing to the increasing air traffic for logistics and other business purposes.
Geographically, the global Aircraft radome market has been segmented into five strategic regions, namely North America, Europe, Asia Pacific, the Middle East and Africa and Latin America. The recent economic recovery is expected to lead the aircraft radome market in North America and Europe. In addition, the trend of globalization and ecotourism is increasing the need to travel by plane. In return, the demand for commercial aircraft is being created. The increase in aircraft orders is directly driving the radome market. Besides, with the presence of developing countries such as India and China in the Asia-Pacific region, the demand for radome in this region is increasing as the commercial air travel market expands further.
Lufthansa Technik has expanded its product offering and currently manufactures and develops radomes of all types and sizes for fuselage and tail mounted connection systems.
Astronics Corporation, Saint-Gobain, Lufthansa Technik, Vermont Composites Inc., General Dynamics Mission Systems, Inc., Starwin Industries, Meggitt PLC, Jenoptik, FACC AG, Northrop Grumman Corporation and Airbus SE are some of the major players in the aircraft radome market.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Radome Market, By Product Type
6.1.1 Nose Radome
6.1.2 SATCOM Radome
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Aircraft Radome Market, By Aircraft Type
6.2.2 General Aviation
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Aircraft Type
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Product Type
7.3.3 By Aircraft Type
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Aircraft Type
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Aircraft Type
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Product Type
7.6.3 By Aircraft Type
8. Key Player Analysis
8.1 Airbus SE
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Meggit Plc
8.3 Astronics Corporation
8.5 Lufthansa Technik
8.6 Vermont Composites
8.7 General Dynamics Mission Systems Inc.
8.8 Starwin Industries
8.10 FACC AG
8.11 Northrop Grumman Corp
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures