Radome Market 2023 - Market Growth, Industry Trends, Opportunities, Key Drivers, Size And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Radome Market Size, Growth Rate, And Forecast
The global radome market size grew from $1.66 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radome market size is expected to grow to $2.77 billion in 2027 at a CAGR of 10.3%.

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Radome Market Drivers
The increase in demand for new aircraft owing to the growing number of air passengers is contributing to the growth of the radome market. An aircraft is any machine or vehicle designed to travel through the air by the buoyancy of air on its surfaces. The increasing production of new aircraft to meet the demand requires the installation of a radome to protect radar from environmental factors such as strong wind, snow, rain, and UV light and prolong the lifespan, thereby promoting the production of the radome.

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Radome Market Segments
1) By Type: Shell Structure, Spherical Structure

2) By Offering Type: Radome Body, Accessories, Services

3) By Application: Airborne Radome, Ground-Based Radome, Shipboard Radome

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the radome market.

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Radome Market Key Players
Major competitors in the radome market include Northrop Grumman, General Dynamics Mission Systems Inc., Saint-Gobain Performance Plastics, Raytheon Technologies, Meggitt PLC, Airbus SE, FACC AG.

The Business Research Company's "Global Radome Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Radome Market Include:
1. Executive Summary
2. Radome Market Characteristics
3. Radome Market Trends And Strategies
4. Radome Market - Macro Economic Scenario
5. Radome Market Size And Growth
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26. Africa Radome Market
27. Radome Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Radome Market
29. Radome Market Future Outlook and Potential Analysis
30. Appendix

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