Aerospace Radome Market Size will witness notable proceeds from 2022 to 2028 driven by the rising procurement of advanced military aircraft and intensifying investments in the defense sector. The hiking consumer household incomes across the globe has steered the higher acceptance of commercial air travel. The growing penetration of business jets coupled with increasing number of military aircraft will add positive impetus to the market dynamics.
Aerospace radomes are structural and weatherproof enclosures that safeguard a radar antenna against bird impacts, rain, hail, snow, and bullets. However, factors, including interruptions with communication at times and malfunctions in radome installations leading to increased risks during air travel may pose a challenge to the industry growth.
Based on materials, the demand for fiber-glass aerospace radomes will increase through 2028 owing to the surging obligation for excellent rigidity as well as lower weight materials. The fiber-reinforced plastic radomes are high temperature & crack resistance and can withstand adverse weather conditions while keeping their physical properties unchanged. Moreover, these radomes are reinforced with additives for enhancing the adhesion between them, retaining the surface paint, and offering color maintenance in severe weather instances.
On the basis of aircraft, commercial aerospace radome market is expected to grow with the increasing focus on new aircraft requirements coupled with a surging preference for air travel. The thriving demand for highly fuel-efficient aircraft has led to the growing need for proliferated and modernized fleets. These systems are mainly used for the after-repair testing of commercial aircraft radomes as well as to make the required measurements. The increased production rates by the aircraft OEMs and influx of new aircraft models will favor the segment progression.
Asia Pacific will record a significant aerospace radome market share on account of higher defense spending and increasing air passenger traffic. There have been significant advancements in the aviation sector across China and India. The rising number of military modernization plans, rapid economic expansion, and territorial disputes have led to the increasing procurement of modern military aircraft across the region. The shifting inclination towards private travel has also stirred the growing preference for business jets. The fast-growing commercial air travel industry and production of low-cost commercial aircraft, notably in China will additionally favor the market growth.
The market share in North America will expand with the prominent presence of some key aircraft manufacturers and the thriving preference for commercial aircraft. The escalating trend of ecotourism and globalization has amplified the adoption of air travel, making way for increased aircraft order, further fueling the regional market expansion.
Some of the leading players in the aerospace radome market include Kitsap Composites, Saint Goblin, Orbital ATK (Northrop Grumman), General Dynamics, Airbus (Airbus), Meggitt, and Nordam.
These companies are actively implementing collaborative strategies, including partnerships and mergers, along with investments, and new product launches, while taking up contracts for proliferating their portfolio and customer base.
For instance, in November 2020, Meggitt PLC secured a £4.2 million pioneering radome contract with BAE Systems for supplying innovative nose radome technology in order to enable effective operations of a Multi-Function Array radar system on the Typhoon.
While the ongoing COVID-19 hampered the global economy by laying multiple roadblocks in the business landscape, it also gave rise to unprecedented challenges to the aerospace radome market. This is mainly ascribing to the huge order backlog with aircraft OEMs and the significant drop in passenger traffic. Other factors like reduced demand, financial pressure supply interruptions, and workforce impairment also resulted in stunted industry growth.
Based on Product
Based on aircraft
The above information is provided for the following regions and countries: