Press release
Aerospace Radome Market in Nose Radome Segment is Predicted to Grow Exponentially By 2025 | Key Players are Airbus, General Dynamics, Saint Goblin, Meggitt, Nordam, Orbital ATK, and Kitsap Composites
Aerospace Radome Market
The aerospace radome market share based on product is segmented into nose and fuselage mounted. The growth in the nose radome can be attributed to the improved protection to the front aircraft radar antennas, that felicitates effective communication between the air traffic control and the aircraft. Additionally, the improved protection to the antennas from extreme weather and climatic conditions along with prolonging the product life are further expanding the segment size.
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Government organizations are strengthening their military and defense forces across the globe for improving their national security. Major economies are supporting the aircraft modernization programs for flight capabilities to improve combat operations. For instance, General Dynamics entered into a strategic agreement with Boeing for offering its wideband nose radome to the F-15 Modernization Program.
The aerospace radome market share based on material can be categorized into metal, fiber glass, and others. The fiber glass will exhibit a significant growth over the projected timeframe owing to the benefits offered by the material including lower weight and higher rigidity. Additionally, the fiber offers superior corrosion and weather resistance thereby improving the antenna performance significantly.
North America will hold a considerable share in the aerospace radome market share. This can be attributed to the increasing prevalence of major aircraft manufacturers across the region. Additionally, industry players across the region are focusing on launching advanced products and technologies for improving in-flight connectivity, thereby expanding the regional share.
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Based on aircraft, the aerospace radome market can be classified into commercial, regional, business, and military. The growth in the military segment can be attributed to the increasing military and defense budget globally. For instance, the U.S. government proposed a defense budget of around USD 720 billion for FY 2020. Additionally, the increasing defense modernization programs with an aim to improve the country’s air force further extends the segment share over the study timeframe
Aerospace radome market players are continuously innovating the technology and are focusing on introducing lower weight radomes for improving aircraft efficiency and lower carbon emissions. The advent of plasma radome technology offers superior electronic protection of the space borne phased array antennas by acting as reconfigurable shields. Additionally, the technology can effectively address the issues associated with the direct radio frequency and net-centric warfare attacks thereby improving safety significantly.
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Aerospace Radome Market is set to witness high CAGR to 2025 led by increasing requirement for protecting the aircraft antenna and other related electronic components from diversified external weather conditions including wind, rain, or ice along with minimum interference from electromagnetic signals. The availability of a wide range of radome shapes along with the usage of a wide range of materials including PTFE-coated fabric and fiberglass among others are positively influencing the aerospace radome market share.
Few of the notable players in the aerospace radome market share include Airbus, General Dynamics, Saint Goblin, Meggitt, Nordam, Orbital ATK, and Kitsap Composites. Industry players are engaged in strategic agreements and long-term contracts for expanding their business share. For instance, in April 20019, Meggitt Polymers & Composites entered into a strategic partnership with Embraer for supplying radome to the E-Jet E2 aircrafts.
Browse Related Report:
Aircraft Refueling Hose Market in Helicopters Segment is Expected to Showcase a Considerable Growth By 2025: https://www.marketwatch.com/press-release/aircraft-refueling-hose-market-in-helicopters-segment-is-expected-to-showcase-a-considerable-growth-by-2025-2019-05-21
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