Aircraft Radome Market to 2025 - Global Analysis and Forecasts by Design Type (Nose Radome & Fuselage Mounted Radome), Material Type (Glass-Fiber, Resin & Quartz), and Aircraft Type (Commercial Aircrafts & Military Aircrafts)
Publication Month: Dec 2017 | Report Code: TIPTE100000747 | No. of Pages: 155 | Category: Aerospace and Defense | Status: Published
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.
Lucrative Regional Aircraft Randome Markets
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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
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.
Strategic Insights
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.
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
1. Airbus S.A.S
2. General Dynamics Corporation
3. Jenoptik AG
4. Kitsap Composites
5. Meggitt PLC
6. NORDAM Group, Inc.
7. Orbital ATK
8. Saint-Gobain
9. Starwin Industries
10. Vermont Composites (Kaman Composites)
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