PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1489358
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1489358
Radome Market Forecasts to 2030 - Global Analysis By Offering (Accessories, Radome Body and Other Offerings), Frequency (KA-Band, X-Band, S-Band, L-Band and Other Frequencies), Platform, Application and By Geography
According to Stratistics MRC, the Global Radome Market is accounted for $3.05 billion in 2023 and is expected to reach $9.32 billion by 2030 growing at a CAGR of 17.3% during the forecast period. A radome is a protective enclosure designed to shield radar equipment from the elements while allowing radar signals to pass through with minimal interference. Typically constructed from materials such as fiberglass, composites, or even inflatable structures, radomes are essential components of radar systems deployed in various environments, including military installations, airports, and weather monitoring stations. By encapsulating radar antennas and related equipment, radomes safeguard them against harsh weather conditions like rain, snow, wind, and extreme temperatures, which could otherwise degrade performance or cause damage. Radomes are engineered to maintain the integrity of radar signals, preserving their accuracy and reliability despite being situated outdoors.
According to the GSMA's Mobile Economy APAC 2023 Report, 5G technology is set to play a significant role in the Asia Pacific (APAC) region's mobile landscape. By the year 2030, 5G is expected to account for more than two-fifths (41%) of all mobile connections, a substantial increase from the 4% observed in 2022. This transition to 5G is anticipated to contribute over $133 billion to the APAC economy in 2030.
Market Dynamics:
Driver:
Increased focus on stealth technology
The heightened emphasis on stealth technology has bolstered the Radome Market by driving innovation towards materials and designs that facilitate radar invisibility. Radomes, protective coverings for radar systems, play a pivotal role in concealing radar signatures of aircraft, ships, and ground-based installations. As militaries worldwide prioritize stealth capabilities to evade detection and enhance operational effectiveness, there's a growing demand for advanced radomes that minimize radar cross-section (RCS). Engineers are developing composite materials with low electromagnetic reflectivity, enabling radomes to maintain structural integrity while reducing radar reflection.
Restraint:
Global economic conditions
Economic slowdowns or recessions in key markets can lead to reduced investments in infrastructure projects, including those requiring radomes for communication and radar systems. Fluctuations in currency exchange rates can impact the cost of materials and manufacturing, potentially increasing expenses for radome producers. However, trade tensions and tariffs between major economies can disrupt the supply chain and increase costs for companies operating in the radome market. Reduced consumer spending power during economic downturns may lead to decreased demand for products and services that utilize radomes, such as telecommunications and aerospace industries.
Opportunity:
Rising adoption of radars in autonomous vehicles
As autonomous vehicles increasingly rely on radar sensors for navigation, collision avoidance, and environmental awareness, the demand for radomes has surged. These protective enclosures shield radar systems from external elements such as weather conditions, debris, and electromagnetic interference, ensuring reliable and accurate data collection. Moreover, the integration of advanced radomes enhances the performance and longevity of radar systems, crucial for the safety and efficiency of autonomous vehicles.
Threat:
Radome maintenance and damage
Maintenance demands are significant due to their exposure to harsh conditions like extreme temperatures, high winds, and precipitation. Regular upkeep is essential to ensure optimal radar performance, requiring resources for cleaning, inspection, and repair. Damage, whether from weathering, bird strikes, or other external factors, poses a continual threat. Repairing or replacing damaged radomes is costly and time-consuming, affecting both operators and manufacturers. Consequently, these maintenance and damage issues impede market growth by increasing operational costs, reducing system reliability, and potentially deterring investment in radome-equipped radar systems.
Covid-19 Impact:
Due to widespread lockdowns and travel restrictions, the production and supply chain of radome materials and components faced disruptions, leading to delays in manufacturing and delivery schedules. This resulted in project delays for both ongoing and planned installations, impacting revenue streams for radome manufacturers and suppliers. With many industries experiencing financial strain, there was a decrease in investment in new infrastructure projects, including those requiring radomes, further dampening market growth. However, the uncertainty and economic challenges brought about by the pandemic led to a subdued outlook for the radome market in the short to medium term.
The Accessories segment is expected to be the largest during the forecast period
The Accessories segment plays a pivotal role in enhancing the Radome Market by offering complementary components that optimize performance and durability. These accessories encompass a range of crucial elements such as mounting hardware, seals, lightning protection systems, and radome cleaning solutions. Mounting hardware ensures secure installation, safeguarding the integrity of the radome's structure even in harsh environmental conditions. Seals prevent moisture ingress, preserving sensitive radar equipment from damage. Lightning protection systems mitigate the risk of electrical surges, crucial for safeguarding both the radome and the radar equipment it houses.
The Communication Antenna segment is expected to have the highest CAGR during the forecast period
The Communication Antenna segment propels the Radome Market as telecommunication networks expand globally, the demand for reliable communication antennas increases, necessitating the protection of these antennas from environmental factors such as weather and debris. Radomes serve this crucial purpose by providing a protective covering without compromising signal transmission quality. Moreover, the growing use of satellite communication systems in various sectors, including aerospace, defense, and maritime, fuels the need for radomes to safeguard satellite antennas from external elements.
Region with largest share:
Asia Pacific region is poised to witness the largest share of the market throughout the extrapolated period. With the increasing frequency and intensity of natural disasters such as typhoons, hurricanes, and cyclones in this region, there has been a heightened emphasis on enhancing weather prediction capabilities. Additionally, radomes within the region play a critical role in protecting radar systems from environmental factors such as rain, wind, and hail, ensuring uninterrupted data collection and transmission for accurate weather forecasting.
Region with highest CAGR:
Asia Pacific region is projected to hold the profitable growth during the estimation period. Government regulations play a pivotal role in propelling the Asia Pacific region's Radome Market growth. Regulatory frameworks incentivizing research and development activities in radome manufacturing techniques and materials stimulate innovation and product development in the region. Stringent regulations mandating the installation of radomes for safeguarding critical communication and navigation equipment in aerospace and defense sectors drive market demand across the region.
Key players in the market
Some of the key players in Radome market include BAE Systems, Cobham PLC, Comtech Telecommunications, Deere And Company, General Dynamics Nordam, Hitachi Ltd, Komatsu Ltd, L3harris Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saint-Gobain and Thales Group.
Key Developments:
In April 2023, Saint Gobain was awarded with a contract of Repair of Radome, Nose in support of the HC-144 Aircraft by the Aviation Logistics Centre, US.
In January 2023, The US Army Contracting Command, Aberdeen Proving Ground, MD, has awarded General Dynamics Corporation's business unit, Mission Systems, a contract worth USD 74.9 million to provide support services for Tactical Network-On the Move systems and equipment.
In February 2021, Cobham Aerospace Connectivity unveiled a cutting-edge ultra-low-profile satellite communication (satcom) antenna system. This innovative system incorporates a compact and lightweight radome, enhancing the antenna's overall performance.
Offerings Covered:
- Accessories
- Radome Body
- Other Offerings
Frequencies Covered:
- KA-Band
- X-Band
- S-Band
- L-Band
- Other Frequencies
Platforms Covered:
- Naval
- Ground
- Airborne
Applications Covered:
- Communication Antenna
- Sonar
- Radar
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
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Radome Market, By Offering
- 5.1 Introduction
- 5.2 Accessories
- 5.3 Radome Body
- 5.4 Other Offerings
6 Global Radome Market, By Frequency
- 6.1 Introduction
- 6.2 KA-Band
- 6.3 X-Band
- 6.4 S-Band
- 6.5 L-Band
- 6.6 Other Frequencies
7 Global Radome Market, By Platform
- 7.1 Introduction
- 7.2 Naval
- 7.3 Ground
- 7.4 Airborne
8 Global Radome Market, By Application
- 8.1 Introduction
- 8.2 Communication Antenna
- 8.3 Sonar
- 8.4 Radar
9 Global Radome Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 BAE Systems
- 11.2 Cobham PLC
- 11.3 Comtech Telecommunications
- 11.4 Deere And Company
- 11.5 General Dynamics Nordam
- 11.6 Hitachi Ltd
- 11.7 Komatsu Ltd
- 11.8 L3harris Technologies
- 11.9 Lockheed Martin Corporation
- 11.10 Northrop Grumman Corporation
- 11.11 Raytheon Technologies
- 11.12 Saint-Gobain
- 11.13 Thales Group
List of Tables
- Table 1 Global Radome Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 3 Global Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 4 Global Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 5 Global Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 6 Global Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 7 Global Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 8 Global Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 9 Global Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 10 Global Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 11 Global Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 12 Global Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 13 Global Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 14 Global Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 15 Global Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 16 Global Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 17 Global Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 18 Global Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 19 Global Radome Market Outlook, By Radar (2021-2030) ($MN)
- Table 20 North America Radome Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 22 North America Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 23 North America Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 24 North America Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 25 North America Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 26 North America Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 27 North America Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 28 North America Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 29 North America Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 30 North America Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 31 North America Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 32 North America Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 33 North America Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 34 North America Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 35 North America Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 36 North America Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 37 North America Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 38 North America Radome Market Outlook, By Radar (2021-2030) ($MN)
- Table 39 Europe Radome Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 41 Europe Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 42 Europe Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 43 Europe Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 44 Europe Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 45 Europe Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 46 Europe Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 47 Europe Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 48 Europe Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 49 Europe Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 50 Europe Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 51 Europe Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 52 Europe Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 53 Europe Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 54 Europe Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 55 Europe Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 56 Europe Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 57 Europe Radome Market Outlook, By Radar (2021-2030) ($MN)
- Table 58 Asia Pacific Radome Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 60 Asia Pacific Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 61 Asia Pacific Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 62 Asia Pacific Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 63 Asia Pacific Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 64 Asia Pacific Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 65 Asia Pacific Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 66 Asia Pacific Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 67 Asia Pacific Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 68 Asia Pacific Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 69 Asia Pacific Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 70 Asia Pacific Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 71 Asia Pacific Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 72 Asia Pacific Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 73 Asia Pacific Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 74 Asia Pacific Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 75 Asia Pacific Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 76 Asia Pacific Radome Market Outlook, By Radar (2021-2030) ($MN)
- Table 77 South America Radome Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 79 South America Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 80 South America Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 81 South America Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 82 South America Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 83 South America Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 84 South America Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 85 South America Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 86 South America Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 87 South America Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 88 South America Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 89 South America Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 90 South America Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 91 South America Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 92 South America Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 93 South America Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 94 South America Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 95 South America Radome Market Outlook, By Radar (2021-2030) ($MN)
- Table 96 Middle East & Africa Radome Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Radome Market Outlook, By Offering (2021-2030) ($MN)
- Table 98 Middle East & Africa Radome Market Outlook, By Accessories (2021-2030) ($MN)
- Table 99 Middle East & Africa Radome Market Outlook, By Radome Body (2021-2030) ($MN)
- Table 100 Middle East & Africa Radome Market Outlook, By Other Offerings (2021-2030) ($MN)
- Table 101 Middle East & Africa Radome Market Outlook, By Frequency (2021-2030) ($MN)
- Table 102 Middle East & Africa Radome Market Outlook, By KA-Band (2021-2030) ($MN)
- Table 103 Middle East & Africa Radome Market Outlook, By X-Band (2021-2030) ($MN)
- Table 104 Middle East & Africa Radome Market Outlook, By S-Band (2021-2030) ($MN)
- Table 105 Middle East & Africa Radome Market Outlook, By L-Band (2021-2030) ($MN)
- Table 106 Middle East & Africa Radome Market Outlook, By Other Frequencies (2021-2030) ($MN)
- Table 107 Middle East & Africa Radome Market Outlook, By Platform (2021-2030) ($MN)
- Table 108 Middle East & Africa Radome Market Outlook, By Naval (2021-2030) ($MN)
- Table 109 Middle East & Africa Radome Market Outlook, By Ground (2021-2030) ($MN)
- Table 110 Middle East & Africa Radome Market Outlook, By Airborne (2021-2030) ($MN)
- Table 111 Middle East & Africa Radome Market Outlook, By Application (2021-2030) ($MN)
- Table 112 Middle East & Africa Radome Market Outlook, By Communication Antenna (2021-2030) ($MN)
- Table 113 Middle East & Africa Radome Market Outlook, By Sonar (2021-2030) ($MN)
- Table 114 Middle East & Africa Radome Market Outlook, By Radar (2021-2030) ($MN)
