Radome Market estimated to grow at a CAGR of 6.2% in the forecast period (2020-2025)

The report on the Radome Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020-2025. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Radome Market is expected to inflate at a CAGR of 6.2% by the forecast period (2020 – 2025).

Radome Market - Snapshot
Growth 6.2% for the next five years
Major Offering Type Product
Dominant Application Type Airborne
Regions with the highest demand North America
Key Players Astronics Corporation, Aviation Industry Corporation of China, Antennas for Communications, Cobham PLC, Flir Systems (Raymarine), General Dynamics, Harbin Topfrp Composite Co. Ltd. (HTC), Jenoptik, Kelvin Hughes, and L3 Technologies.

Table Of Contents: https://www.stratviewresearch.com/toc/583/radome-market.html

Highlights of the Report:
Based on the offering type, the market is segmented as product and service. The product segment was expected to remain dominant in 2018, and is estimated to lead the market during the forecast period. The most regularly used materials are quartz and glass fiber and the most usual types of structures are solid laminates, sandwiches, and metal & dielectric space frames. Various amalgamations of materials and structures are employed as per the requirements for commercial and military applications.

Based on the application type, the market is segmented as ground-based radome, airborne radome, and shipboard radome. The airborne segment is estimated to depict the highest growth in the coming five years. This growth is attributed to the development of the commercial aviation industry, along with the necessity to effectively handle air traffic, which is easily accomplished with the employment of radomes.

In terms of regions, the North American region was expected to remain dominant in the global radome market in 2018, and is estimated to be an emerging region during the forecast period, driven by the high claim for newer aircraft and replacement of aging fleets. The Asia-Pacific region is estimated to be the fastest-growing region in the radome market in the coming five years, owing to the rising modernization agenda in the Asia-Pacific’s aviation industry, which is anticipated to significantly contribute to the high acceptance of radomes for advanced aircraft. These are the prime factors that are expected to serve as a catalyst to further drive the demand for radomes in the Asia-Pacific region. China and India are the growth engines of the region. Europe is also expected to offer substantial growth opportunities during the forecast period.

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Key Players of the Market
Some of the major players in the radome market are Astronics Corporation, Aviation Industry Corporation of China, Antennas for Communications, Cobham PLC, Flir Systems (Raymarine), General Dynamics, Harbin Topfrp Composite Co., Ltd (HTC), Jenoptik, Kelvin Hughes, and L3 Technologies.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.