Press release
Aircraft Radome Market In 2021-2026 Including Top Key Players, Trends And Emerging Growth Factors
The Aircraft Radome Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The aircraft radome market is anticipated to register a CAGR of over 4% during the forecast period.
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Top Leading Companies of Aircraft Radome Market are General Dynamics Mission Systems, Inc., Astronics Corporation, Meggitt PLC, Jenoptik, Saint-Gobain Performance Plastics, Northrop Grumman Corporation, FACC AG, Airbus SE, Israel Aerospace Industries, The NORDAM Group LLC, Communications & Power Industries LLC, Cobham plc, Starwin Industries and others.
Key Market Trends:
Commercial Aviation Segment Will Experience the Highest Growth During the Forecast Period
Growing preference for air travel over the past decade has increased the pressure on airlines to modernize and expand their fleet size. As airlines look to tap into emerging economies, they are introducing new routes connecting smaller cities with large hubs. The success of LCCs in the past few years has also resulted in LCC operators opting to increase their fleet size. Several airlines in the past few years have placed orders for newer generation aircraft that are highly fuel-efficient. Since radomes form an integral part of an aircraft, the growing demand for new aircraft is simultaneously generating demand for radome structures.
Asia-Pacific Region will Generate the Highest Demand for Aircraft Radomes During the Forecast Period
The air passenger traffic in the Asia-Pacific region is experiencing accelerated growth which has resulted in several major airlines placing an order for new aircraft to cater to the growing demand for air travel. For instance, in the first half of 2019, China placed an order for 300 aircraft from Airbus. The deal is worth about USD 34 billion and comprises of 290 A320 family aircraft and 10 A350 wide-body jets. Other countries like India, Singapore, Thailand, Indonesia, and Japan have placed orders for newer generation fuel-efficient aircraft over the past year and have plans to procure several new aircraft even in the coming years.
Competitive Landscape:
Lufthansa Technik expanded its product offering and now manufactures and develops radomes of any type and size for both fuselage-mount and tail-mount connectivity systems.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Aircraft Radome Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Aircraft Radome Market (%),2016 - 2026
- Aircraft Radome Market Share, By Brand
- Aircraft Radome Market Share, By Company
- Aircraft Radome Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Aircraft Radome Market Value Analysis & Forecast
- Promising Aircraft Radome Development by Major Companies
- Detailed Aircraft Radome Portfolio of the Major Companies
- Major Deals in the Aircraft Radome Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/01091746534/aircraft-radome-market-growth-trends-and-forecast-2020-2025?Mode=nm
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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