What Has Been the Growth of the Radome Market So Far?
The radome market has seen considerable growth due to a variety of factors.
• The radome industry has seen significant growth in the past few years. Its value, which is projected to be $1.95 billion in 2024, is expected to increase to $2.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.8%.
The historic growth of this market can be associated with factors like increased military budgets, the surge in air travel, greater investment in satellite technology, the expansion of seaborne trade, and robust economic development in emerging markets.
What is the Market Size Forecast for the Radome Market?
The radome market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a swift expansion in the radome market in the coming years. The market is projected to reach $3.29 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%.
Increased desire for small aircraft, a surge in passenger air traffic, heightened demand for new fighter jets in developing nations and a rising implementation of low earth orbit satellites can account for this growth in the forecast period. The period ahead is also foreseen to witness significant trends like the use of cutting-edge radome technology, an emphasis on strategic mergers and acquisitions, a boost in investments, and innovation in radome designs.
What Main Forces Are Fueling Expansion In The Radome Market?
The expansion of the radome market is being propelled by an escalating demand for new aircraft, due to the surge in air passengers. A machine or vehicle designed to navigate the air by manipulating air buoyancy, an aircraft necessitates the fitting of a radome to shield its radar system from environmental interferences such as high winds, snowfall, rainfall, and UV exposure, thereby guaranteeing its longevity. This need ultimately bolsters the manufacturing of radomes. For example, projections by the India Brand Equity Foundation indicate that the number of planes is set to hit 1,100 by 2027, due to an increased demand in the sector. Thus, the surging requisition for new aircraft, in response to the rising number of air passengers, is predicted to catalyze the progress of the radome market.
What Are The Major Segments Within The Radome Market?
The radome market covered in this report is segmented –
1) By Type: Shell Structure, Spherical Structure
2) By Offering Type: Radome Body, Accessories, Services
3) By Application: Airborne Radome, Ground-Based Radome, Shipboard Radome
Subsegments:
1) By Shell Structure: Open-Shell Radomes, Closed-Shell Radomes, Sandwich-Panel Shell Radomes, Composite Shell Radomes
2) By Spherical Structure: Geodesic Dome Radomes, Monolithic Dome Radomes, Fiberglass Spherical Radomes, Reinforced Spherical Radomes
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Which Trends Are Expected To Transform The Radome
Enhancements in radome design are on the rise in the radome market, with vendors aiming to create novel designs that deliver increased efficiency, resistance, and performance. This trend revolves around progress in manufacturing procedures, materials science, and design techniques, coupled with escalating need for superior performance radomes in numerous sectors like telecommunications, defense, and aerospace. As a case in point, General Dynamics Mission Systems (GDMS), an aerospace and defense corporation based in the U.S., marked the accomplishment of delivering its 1,000th radome for the F-35 fighter jet in July 2024. This key component is essential for safeguarding radar antennas and upgrading communication and navigation proficiencies for various military sections, including the U.S Navy and Marines.
Who Are the Key Players in the Radome Market?
Major companies operating in the radome market include:
• Northrop Grumman Corporation
• General Dynamics Mission Systems Inc
• Compagnie de Saint-Gobain S.A.
• Meggitt PLC
• Astronics Corporation
• The Nordam Group Llc
• Communications & Power Industries (Cpi)
• Comtech Telecommunications
• Jenoptik
• Starwin Industries
• Om Aakash Fibres
• Kenbotong Technology
• Kineco
• Tianyi Satcom Co Ltd
• Harbin Topfrp Composite Co Ltd
• Leonardo
• Micrics
• L.M.P. Fluorcarbon Srl
• Lbk-Fibertec Gmbh
• Esta Ltd
• Royal Engineered Composites
• Airforce Technology
• L3harris Technologies
• Raytheon Technologies
• Lockheed Martin Corporation
• Tencate Advanced Composites
• Telemont
• Net Oficial
• Algar Companies
• Gazin
• Sercomtel.Net.Br
• Sercom
• Neoviasolutions
• Globosat
• Brametal
• Adventus Tecnologia Da Informação Comunicação E Serviços De Call
• Al Yah Satellite Communications Company
• Scorpio Space
• Yahsat
• Rohde & Schwarz
• Miro
• CPI International Inc.
What Is The Most Dominant Region In The Radome Market?
North America was the largest region in the radome market in 2024. The regions covered in the radome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
