Aircraft Radome Market Forecasts to 2030 - Global Analysis By Type, Offering, Material Type, Application and By Geography

According to Stratistics MRC, the Global Aircraft Radome Market is accounted for $621.76 million in 2023 and is expected to reach $1165.38 million by 2030 growing at a CAGR of 9.39% during the forecast period. Radar, radio, and other electronic equipment are all housed inside a protective enclosure called an aircraft radome, which is made of composite materials. For the purpose of shielding equipment from the elements, bird strikes, and other dangers, radomes are crucial. They are used in fighter jets, transport aircraft, and commercial airliners, as well as other military and commercial aircraft. The market for aircraft radomes is propelled by a number of variables, including the rise in air travel, the development of cutting-edge radome technologies.

According to Honeywell Aerospace, the market for aircraft radomes is expected to experience significant growth over the next decade due to the increasing demand for air travel and the need for advanced radome technologies in both military and commercial aircraft. Honeywell notes the development of new radome materials and designs is also driving growth. However, the market faces challenges such as high development and maintenance costs and increasingly stringent regulatory requirements.

Market Dynamics:

Driver:

Demand for air travel is rising

The global Aircraft Radome market expected to drive growth during the forecast period. In the upcoming years, there will likely be an increase in demand for air travel on a global scale due to factors like rising income levels, accelerating urbanization, and expanding tourism. This expansion is driving demand for new aircraft, which in turn is driving demand for aircraft radomes. Radomes are crucial parts of aircraft that shield the radar systems and other delicate equipment from inclement weather and external damage, ensuring safety and dependability while in flight. The need for aircraft radomes is anticipated to increase along with the demand for air travel.

Restraint:

High development and maintenance costs

The global Aircraft Radome market expected to hinder growth during the forecast period. Due to the requirement for specialized materials, design, and testing, the creation and upkeep of radomes can be costly. Radomes require materials that can withstand extreme environmental factors like high temperatures, humidity, and radiation exposure. This frequently calls for the use of sophisticated composites or other specialized materials, which can be expensive. Additionally, radomes need to be built to meet strict performance standards, like minimizing signal loss and interference. Extensive testing and validation may be needed to meet these requirements, which will raise the cost of development. Operators may struggle with the high cost of maintenance, particularly when replacing or fixing radomes. Replacement or repair may call for expensive, specialized tools and knowledge.

Opportunity:

Expanding usage of 5G technology

The global Aircraft Radome market expected to drive growth during the forecast period. The demand for radomes that can house 5G antennas and other equipment is rising as 5G technology becomes more widely used. Radomes are used to safeguard the equipment and antennas from damage from the outside, ensuring dependable and uninterrupted communication. As 5G networks are used for numerous applications, such as smart cities, autonomous vehicles, and remote healthcare, this is becoming more and more significant. The demand for sophisticated radomes that can accommodate 5G equipment is anticipated to rise along with the adoption of 5G technology, fueling the market for aircraft radomes.

Threat:

Competition from substitute technologies

The global Aircraft Radome market expected to hamper growth during the forecast period. Although radomes are crucial parts of aircraft, other technologies, such as distributed aperture systems and conformal antennas, can perform similar functions. The need for a separate radome can be eliminated by directly integrating conformal antennas into the aircraft structure. A single large radome is not necessary with distributed aperture systems because multiple sensors can provide a 360-degree view of the environment. These substitute technologies might be more affordable and simpler to implement, which would pose a threat to the market expansion for aircraft radomes.

COVID-19 Impact:

COVID-19 pandemic was spread across the globe in 2020. The COVID-19 pandemic has had a major impact on the aviation sector, resulting in a drop in air travel and a drop in aircraft orders. Due to this, demand for radomes and other aircraft parts has decreased, which is posing a challenge to the market's expansion for radomes for aircraft. Global supply chains have also been hampered by the pandemic, making it challenging for businesses to acquire the raw materials and component parts required for radome production. Production delays and higher costs are the results of this.

The Glass fiber segment is expected to be the largest during the forecast period:

The Glass fiber segment is expected to have a largest share during the forecast period. A common composite material used in the manufacture of aircraft radomes is glass fiber. The strength, stiffness, impact, abrasion, and weather resistance of glass fiber composites are all very good. Glass fiber radomes are an appealing option for some applications because they are also reasonably priced when compared to other composite materials. However, compared to other composite materials like carbon fiber, glass fiber composites have a lower strength-to-weight ratio, which may restrict their use in some applications. Nevertheless, because of its blend of strength, affordability, and durability, glass fiber continues to be a popular option for many aircraft radome applications.

The Commercial aircraft segment is expected to have the highest CAGR during the forecast period:

During the forecast period, the commercial aircraft segment is anticipated to have the highest CAGR. Commercial aircraft use aircraft radomes to shield electronic equipment from the elements and other dangers, including narrow-body, wide-body, and regional jets. In order to increase fuel efficiency and lower operating costs, commercial aircraft are using more and more advanced radome technologies. The demand for aircraft radomes is rising as a result of the growing demand for air travel and the expansion of airline fleets. The commercial aircraft radome market is expanding as a result of the development of novel radome materials and designs, such as conformal radomes and modular designs. To increase the effectiveness and performance of their aircraft, top aircraft producers like Boeing and Airbus have been investing in the development of cutting-edge radome technologies.

Region with largest share:

The North America region market is estimated to witness a largest share of the global Aircraft Radome market during the forecast period. Major aircraft producers like Boeing and Airbus, as well as MRO companies like AAR Corp. and STS Aviation Group, have their headquarters in North America. As they work to create new aircraft technologies and maintain their current fleets, these businesses are driving the demand for radomes in the area. Demand for radomes in the defense industry is also being driven by the sizable military aircraft fleet in North America. The United States Air Force is based in the area, and it operates a sizable fleet of military aircraft, including fighter jets, bombers, and transport planes.

Region with highest CAGR:

Due to the rising demand for air travel in the region, the Asia-Pacific region is anticipated to have the highest CAGR in the aircraft radome market over the course of the forecast period. In the Asia-Pacific region, factors like rising disposable incomes, accelerating urbanization, and the expansion of the middle class are driving the rising demand for air travel. As a result, there is an increase in demand for commercial aircraft, which in turn increases demand for aircraft parts like radomes. Major aircraft producers like COMAC and Mitsubishi Aircraft Corporation, as well as MRO companies like HAECO and SIA Engineering Company, are based in the Asia-Pacific region.

Key players in the market

Some of the key players in Aircraft Radome market include Airbus SE, Astronics Corporation, Finmeccanica, General Dynamics Mission Systems, Inc., Infinite Technologies, Jenoptik AG, Kelvin Hughes, Kitsap Composites, L3 Technologies, Lufthansa Technik, Meggitt PLC, Nordam Group Inc., Northrop Grumman Corporation, Orbitall ATK, Royal Engineered Composites, Saint Gobain, Starwin Industries, TenCate Advanced Composites and Vermont Composites Inc.

Key Developments:

In May 2021, BAE Systems announced that it had been awarded a contract to supply advanced radomes to Lockheed Martin for use on F-35 fighter jets. The contract is worth $32 million and highlights the continued demand for advanced radome technologies in the defense sector.

In March 2021, Carlisle Interconnect Technologies (CIT) announced that it had been awarded a contract to supply radomes for the new Gulfstream G700 business jet. The radomes will be designed to provide improved broadband connectivity for passengers and crew

In February 2021, Saab announced that it had signed a contract with the Swedish Defense Materiel Administration (FMV) to supply new radomes for the Swedish Air Force's Gripen fighter jets. The new radomes will be designed to provide improved protection for the aircraft's electronic systems.

Types Covered:

• Shell Structure
• Spherical Structure
• Other Types

Offerings Covered:

• Product
• Service
• Other Offerings

Material Types Covered:

• Quartz
• Glass Fibre
• Resin
• Other Material Types

Applications Covered:

• Commercial Aircraft
• Military Aircraft
• Business Jets
• Regional Aircraft
• General Aviation
• Helicopter
• Ground
• Shipboard
• Fighter Aircraft
• Airborne
• Nosecone
• Transport Aircraft
• AEW (Rotodome)
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances