The aircraft radome market refers to dome-shaped structures mounted on military and civilian aircraft to protect radar systems from environmental factors without interfering with their operation. Radomes allow radar signals to pass through and are usually made from dielectric materials like glass-reinforced plastics and composites to offer durability and electromagnetic transparency. The rising procurement of advanced fighter jets and commercial planes globally has driven the need for more reliable and efficient radomes.
The Global Aircraft Radome Market is estimated to be valued at US$ 738.09 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period from 2024 to 2030.
Key Takeaways
Key players operating in the aircraft radome market are Scotts Miracle-Gro Company, National Fertilizers Ltd., and Fertikal N.V. Scotts Miracle-Gro Company is one of the leading players known for manufacturing innovative radome solutions.
The market is expected to witness lucrative opportunities due to the increasing defense budgets of emerging economies and their focus on upgrading military aircraft fleets. There is also a rising demand for new radome systems from business aircraft and general aviation segments.
Major players are focusing on expanding their footprint in high-growth regions like Asia Pacific and Middle East & Africa. Scotts Miracle-Gro Company established a new production facility in India in 2022 to cater to the surging requirements from domestic aircraft OEMs.
Market Drivers
Increasing global military aircraft procurement programs represents a key driver for the radome market. Several countries are procuring new multi-role fighter jets and upgrading their existing fleets which would drive the replacement demand for radomes. For instance, the procurement of F-35 lightweight fighter aircraft by the U.S., Japan, South Korea, and other nations is expected to boost requirements.
Market Restraints
Development of advanced radomes involves high R&D investments and certification costs. This acts as a restraint, especially for tier 2 and 3 players. Moreover, scheduled aircraft groundings and production cuts during COVID-19 pandemic negatively impacted the market growth in the short-term.
Segment Analysis
The Aircraft Radome Market Size can be segmented by aircraft type, material type, and region. By aircraft type, the fighter aircraft segment dominates and accounts for over 35% of the aircraft radome market share. The increasing demand for advanced fighter aircraft and upgrades of existing aircraft fleets are driving the growth of this segment. By material type, the glass-reinforced plastic (GRP) segment accounts for over 55% share due to the high strength, lightweight, and thermal resistance properties of GRP, which make it suitable for radomes.
Global Analysis
North America currently dominates the aircraft radome market with over 40% share and is expected to continue its dominance during the forecast period owing to large defense spending and presence of major OEMs in the region. The Asia Pacific region is expected to be the fastest growing market for aircraft radomes during the forecast period owing to increasing aircraft procurement for defense especially in India, China, and Japan. Countries like China, South Korea are also focusing on development of their domestic commercial aviation sector which is expected to drive the demand for aircraft radomes in the coming years.
Get more insights on- Aircraft Radome Market
AMA Research have added latest edition of survey study on Global Aircraft Radome Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.
The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
The research study provides estimates for Global Aircraft Radome Forecast till 2025*.
Of late, the market players are continuously focusing on designing and developing lightweight and durable aircraft radomes that can easily transmit signals.
Market Growth DriversIncrease in the Number of Commercials as well as Military Aircrafts WorldwideTop Players are Continuously Focusing on Energy-Efficient Technology and InnovationsInfluencing TrendSurging Technological Advancement in Light Weight Material Aircraft Radome ManufacturingRestraintsStringent Regulatory Norms for Helicopter Manufacturing & Development and High Cost of HelicoptersReduced Defense Spending In Developed CountriesChallengesLack of Qualified Aircraft Radome Maintenance Technicians To comprehend Global Aircraft Radome market dynamics in the world mainly, the worldwide Aircraft Radome market is analyzed across major global regions.
AMA also provides customized specific regional and country-level reports for the following areas.
