Aircraft Radome Market Key Players and Opportunities by 2025

[Research Report] In terms of revenue, the global aircraft randome market was valued at US$ 403.81 million in 2016 and is projected to reach US$ 741.4 million by 2025; it is expected to grow at a CAGR of 7.2% during the forecast period from 2017 to 2025.

The aircraft randome market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. APAC dominated the aircraft randome market growth. owing to rapid demand for aircrafts in the region. The commercial airlines in the region are procuring aircrafts in large numbers in order to meet the surging demand for air travel within and outside the region. Moreover, major defense powers such as China, India, Japan and South Korea are investing substantial amounts in designing, developing, manufacturing and procurement of advanced aircraft radomes to equip their latest military aircrafts with the robust radome. In addition, modernization programs are increasing in the Asia Pacific aviation industry, which is leading to adoption of advanced aircrafts radomes heavily.

Market Insights–Aircraft Randome Market

Increasing Demand for Quartz Fiber

The modern aircraft radome manufactures need to provide the latest low dielectric prepregs, which offer low moisture absorption, low dielectric constant properties and low loss tangent among others. This are achieved by syntactic foams, liquid resin systems, and cyanate ester and epoxy based prepregs, and the combination of these composite materials eliminates conductive graphite from dielectric material, resulting in ensured electrically pure products with higher quality. Attributing to these benefits of quartz fiber over glass fiber, the demand for quartz fiber is increasing substantially among the commercial airlines as well as the defense forces across the globe, which is leading the market for aircraft radome to escalate significantly during the forecast period

Published Report - Aircraft Radome Market: Strategic Insights

Design Type Segment Insights

Based on design type, the nose randome segment dominated lead the global aircraft randome market in 2016. With the increase in spending on commercial aircraft fleet by various geographic region such as Asia Pacific, Middle East and Africa and North America has led towards the growth of nose radome market. However, incremental outlay for strengthening defense sector by some of the developing countries such as India, China, Saudi Arabia and Singapore among others is further going to fuel the market for aircraft nose radome.

Material Type Segment Insights

Based on material type, the glass fiber segment dominated the global aircraft randome market in 2016. Glass-fiber radome were first used in military aircrafts, latter used by commercial aircrafts. Radome are exposed to rapid acceleration and drag forces due to the advent of supersonic/hypersonic aircrafts

Aircraft Type Segment Insights

Based on aircraft type, the commercial aircraft dominated the global aircraft randome market in 2016. Commercial aircraft segment also includes business as well as private gets along with the commercial passenger and cargo aircrafts. Owing to the sheer volume or fleet size of airliners of major regions have led towards the huge market share in the aircraft radome market.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

• In 2017, Meggitt Polymers & Composites, was awarded a contract with aircraft manufacturer Embraer, for the design and production of a high performance radome assembly for in-flight connectivity (IFC).
• In 2017, NORDAM announced that the company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, a company to repair and overhaul structural aircraft components for the China Airlines fleet and for other airlines in the Asia-Pacific region. 
• In 2017, Orbital ATK announced expansion of its Beavercreek, Ohio, facility by 40,000 square feet in 2017-2018 with a capital investment of approximately $5 million.

Aircraft Radome

Published Report - Aircraft Radome Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Aircraft Radome Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

The global aircraft randome market has been segmented as follows:

Aircraft Randome Market – By Design Type

• Nose Radome
• Fuselage Mounted Radome

Aircraft Randome Market – By Material Type

• Glass-Fiber
• Resin
• Quartz

Aircraft Randome Market – By Aircraft Type

• Commercial Aircrafts
• Military Aircrafts

Aircraft Randome Market- By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Aircraft Randome Market – Companies Profiles

• Airbus
• General Dynamics Corporation
• Jenoptik AG
• Orbitall ATK
• Saint Gobain
• Starwin Industries
• Vermont Composites Inc.
• Meggitt PLC
• Nordam Group Inc.
• Kitsap Composites