Radome Market Trends Shaping the Industry Landscape
Radome Market Trends Shaping the Industry Landscape
Blog Article
The global radome market size was USD 2.84 billion in 2023. The market is projected to grow from USD 3.05 billion in 2024 to USD 4.68 billion by 2032 at a CAGR of 5.5% during 2024-2032.
Radome offers a weatherproof enclosure for a radar antenna. Radome is produced with material that enables radio waves to pass through. Radomes safeguard the antenna from the elements and hide the electronic device of the antenna from sight. Rapid technological innovations, a rise in military spending, and a surging need for improved communication systems are fueling market expansion.
The COVID-19 pandemic had a detrimental effect on the market due to supply chain disruptions and production delays.
Fortune Business Insights presents this information in their report titled "Radome Market, 2024–2032."
List of Key Players Profiled in the Market Report
- Antesky Science Technology Inc. (China)
- BAE Systems (U.K.)
- FACC AG (Austria)
- FDS Italy Srl (Italy)
- General Dynamics Mission Systems, Inc. (U.S.)
- Infinite Technologies RCS, Inc. (U.S.)
- Northrop Grumman (U.S.)
- Pacific Radomes Inc. (U.S.)
- Meggitt Baltimore, Inc. (U.S.)
- The Boeing Company (U.S.)
- Cobham plc (U.K.)
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/radome-market-109337
Segmentation
Composite Materials Dominated the Market Due to Their Great Strength-to-weight Ratio
By material, the market is classified into glass fiber, plastics, and composite materials. The composite materials segment held the highest radome market share as they are highly used in radome manufacturing owing to their lightweight nature, great strength-to-weight ratio, and sturdiness. They are widely adopted in high-performance applications where weight is a key factor.
Radars Commanded the Market Due to Their Rising Adoption in Different Applications
Based on application, the market is categorized into radar, sonar, communication antenna, and others. The radar segment commanded the global market due to rapid innovations and increased usage of radar technology in numerous sectors. Radars are key components in different applications, such as aerospace, telecommunications, military defense, weather monitoring, and boosting segment growth.
X-band Segment Led the Market Due to Its Increased Usage in Airborne Weather Radar Systems
In terms of frequency, the market is segregated into multi band, HF/UHF/VHF-Band, L-Band, S-Band, C-Band, K/Ku/Ka-Band, and X-Band. The X-band segment is set to lead the market as it is gaining traction in military, telecommunications, aerospace, and weather monitoring applications. X-band radars are highly preferred in airborne weather radar systems and need specialized radomes for enhanced performance.
Ground Segment Dominated the Market Due to Growing Number of Antenna Installations
On the basis of platform, the market is segmented into ground, air, naval, and space launch vehicle. The ground segment commanded the market due to an increase in antenna installations for surveillance and communication motives. Increased demand for specialized radomes across ground platforms is also fueling segment expansion.
From the regional ground, the market is classified into North America, Europe, Asia Pacific, Middle East, and Rest of World.
Report Coverage
The market research report presents a complete market examination, highlighting essential elements, including the competitive environment and noticeable product categories. Furthermore, the report provides valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes several aspects that have fostered market expansion in recent times.
Drivers and Restraints
Increasing Requirement for Radomes to Shield Sensitive Radar Systems in Aircraft to Propel Market Growth
Radomes are crucial components that shield radar and communication systems from environmental issues while guaranteeing ideal performance. Governments are highly investing in defense for military transformation, improving situational consciousness, and enhancing national security. This is fueling the adoption of radomes in military applications. The surging need for commercial air travel and rising investments in both commercial and military aviation programs are boosting the aerospace industry expansion, principally in the Asia Pacific region. The increasing requirement for radomes to shield sensitive radar systems in aircraft is propelling the radome market growth.
On the other hand, high maintenance costs are hindering market growth.
Regional Insights
Rising Need for High-performance Radomes in Military Aircraft and Commercial Aviation Boosted Market Growth in North America
The market in North America was valued at USD 0.90 billion in 2023 as the U.S. is a center for aerospace production, housing several original equipment manufacturers (OEMs) and radome producers. The rising need for high-performance radomes in military aircraft and commercial aviation is also fueling market expansion in the region.
Asia Pacific is set to rise at the fastest rate over the forecast period due to rapid economic expansion in China, India, South Korea, Australia, and Singapore. A rise in spending on infrastructure development, such as telecommunications and defense systems, is fostering market expansion in the region.
Competitive Landscape
Key Players Focus on the Creation and Delivery of Radome Solutions in Different Applications
The existence of prominent players is boosting market expansion. Leading players are focusing on the creation and delivery of radome solutions in different applications, such as military, aerospace, telecommunications, and weather monitoring.
Key Industry Development
- September 2021: During the second quarter of the fiscal year 2021, Comtech Telecommunications Corp. declared that its Space & Component Technology Division, part of the Mission-Critical Technologies group within Comtech’s Government Solutions segment, gained a repeat order from a multinational infrastructure support company for a 21.5m radome.