North America to Dominate the Aircraft Radome Market

Aircraft Radome Market 

The global 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 that protects radar systems or other devices without interfering with their transmission and reception. Aircraft radomes ensure the optimum performance of radar and communications antennas by withstanding the impact of weather conditions. They also offer aerodynamic advantages to aircraft.

Market key trends:

One of the key trends gaining traction in the aircraft radome market is the adoption of advanced radome materials. Major players are focusing on developing innovative radome materials to expand their product offerings and gain a competitive advantage. For instance, General Dynamics developed an ultra-thin carbon fiber radome for fighter jets. The radome is 30% lighter than predecessor radomes, improving fuel efficiency. Similarly, Nordam introduced a new radome design made from specialized composite materials for surveillance aircraft, providing radar transparency and structural durability. The growing need for lightweight and advanced radome materials to improve aircraft performance is expected to boost market growth over the forecast period.

Segment Analysis

The global Aircraft Radome market is segmented by material into glass-reinforced plastic, and quartz. The glass-reinforced plastic segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Glass-reinforced plastic radomes offer benefits such as high impact and corrosion resistance, excellent dielectric properties, and lightweight as compared to other materials. These properties make glass-reinforced plastic radomes suitable for varied aircraft applications.

Key Takeaways

The global Aircraft Radome Market is expected to witness high growth, exhibiting a CAGR of 8.6% over the forecast period, due to increasing demand for new aircraft to replace aging fleets and rising passenger and freight traffic.

Regional analysis - North America dominated the global market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to strong presence of aircraft manufacturers and radome manufacturers in the region. The Asia Pacific region is expected to witness the fastest growth over the forecast period, owing to rising aircraft deliveries and increasing investments in the aerospace and defense sectors in emerging economies such as China and India.

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. Key players are focusing on new product development and collaborations to gain competitive advantage in the market. For instance, in 2022, AVIC collaborated with Taiwanese electrical cable maker Ema New Material to develop radome materials for aircraft.

Read More : https://www.rapidwebwire.com/aircraft-radome-market-analysis-forecast-trends-opportunities/

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