Global Radome Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Radome market report has been segmented on the basis of component, application, and region.
Global Radome Market: Overview
“The Radome Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The radome is a word derived from radar and dome. It is a dome-shaped housing that is used for protecting radar.
It is a type of structural weatherproof enclose designed dome with material that minimally attenuates the radar’s transmitting and receiving electromagnetic waves. The radome is constructed in various shapes, especially according to certain applications using different construction materials.
It is used to conceal the electronic equipment from the public view. Radom is also used for the protection of nearby individuals from being struck by rotating antennas placed on the equipment.
In the case of fixed-wing or rotary-wing aircraft, a radome is placed on the fuselage in the shape of a blister that uses microwave satellite for beyond line of sight communication.
Global Radome Market: Dynamics
Increasing demand for aircraft, owing to the growing number of air passengers is a major factor driving the growth of the global radome market. Radar is used for remote sensing, surveillance, sea transportation, and defense.
Radome plays a significant role in protecting radar from environmental factors such as rain, snow, strong wind, and UV light, which is also expected to propel the growth of the global market.
Radome reduces the maintenance and operating costs of the equipment. It also prolongs the lifespan of components and equipment and enables the radar to operate in all-weather conditions. These factors are anticipated to bolster the growth of the target market over the forecast period.
Furthermore, increasing adoption of radome in unmanned aerial vehicles is a factor expected to boost the growth of the global radome market in the near future.
However, complex design and the high cost of radome may hamper the growth of the global radome market. In addition, lack of skilled personnel is another factor that could affect the growth of the target market.
Nevertheless, the use of fiberglass for the creation of radomes can create high revenue opportunities for players in the target market.
Global Radome Market: Segment Analysis
Among the component type, the equipment segment is expected to account for high growth in terms of revenue over the forecast period. The radome is made using various types of materials such as kevlar, quartz, glass fiber, etc.
Among the application segment, the unmanned aerial vehicle sub-segment in the airborne segment is expected to account for significant growth in terms of revenue in the near future.
The increasing use of unmanned aerial vehicles in the defense sector for various applications is a key factor supporting the growth of this sub-segment in the global market.
Global Radome Market: Regional Analysis
The market in North America is anticipated to account for a major share in terms of revenue over the forecast period. High military budget allocation and increasing adoption of advanced technology are key factors driving the growth of the target market in the region.
In addition, growing investment in R&D in the defense sector is another factor expected to fuel the growth of the radome market in North America. Market in the Asia Pacific is expected to account for significant growth in terms of revenue over the forecast period, owing to increasing demand for radomes in the aviation sector.
In addition, the presence of regional radome manufacturers is another factor anticipated to support the growth of the target market in the Asia Pacific.
Global Radome Market Segmentation:
Segmentation by Component:
- Radome Body
Segmentation by Application:
- Commercial & Business Aircraft
- Airborne Radome Type
- Unmanned Aerial Vehicle
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- L3 Technologies, Inc.
- General Dynamics Corporation
- Koninklijke DSM N.V.
- Jenoptik AG
- Compagnie de Saint-Gobain S.A.
- Orbital ATK (Northrop Grumman Innovation Systems)
- The NORDAM Group, Inc.
- TenCate Advanced Composites USA, Inc.
- Royal Engineered Composites, Inc.
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