Radome Market Analysis, Top Trends, Major Players, Size, Strategies, Overview And Forecast To 2032

As per The Business Research Company's Radome Opportunities And Strategies Market Report 2023, The global radome market reached a value of nearly $1,616.69 million in 2022, having increased at a compound annual growth rate (CAGR) of 6.21% since 2017. The market is expected to grow from $1,616.69 million in 2022 to $2,647.24 million in 2027 at a rate of 10.37%. The market is then expected to grow at a CAGR of 11.48% from 2027 and reach $4,558.70 million in 2032.

The growing demand for new fighter jets in developing countries is expected to propel the growth of the radome market going forward. Radomes are used in fighter jets to protect the radar antenna, reduce the radar cross-section (RCS) of the aircraft, improve aerodynamics and allow the radar antenna to transmit and receive signals effectively. For example, in August 2022, according to the Economic Times, an Indian-based newspaper journal, the demand for fighter jets is growing in developing countries such as Malaysia, the USA, Argentina, Australia, Egypt, Indonesia and the Philippines, as these countries are procuring fighter jets from India. The Indian government was awarded $480 billion for the contract of Hindustan Aeronautics Limited (HAL) for manufacturing 83 Tejas fighter jets to be delivered by 2023. Therefore, the growing demand for new fighter jets in developing countries will drive the radome market.

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Companies in the market are focusing on using advanced radome technology to develop new products. For example, in June 2019, Hensoldt, a Germany-based aerospace company, developed a special radome technology to provide enhanced protection to its collision avoidance radar system for unmanned aerial vehicles (UAVs). Radome technology is aimed at protecting the radar from environmental factors, such as bird strikes or lightning, without affecting the performance of the radar. The new radome was initially designed for a test aircraft and the radar system is integrated into the UAV's nose. It detects objects in the flight path of the system and gives early warning of any threat of collision. The technology allows for precise evaluation of the flight direction, for the detection of obstacles.

The top opportunities in the radome market by type will arise in the spherical structure market, which will gain $461.93 million of global annual sales by 2027. The top opportunities in the radome market by offering type will arise in the radome body market, which will gain $674.45 million of global annual sales by 2027. The top opportunities in the radome market by application will arise in the ground-based radome market, which will gain $500.74 million of global annual sales by 2027. The radome market size will gain the most in the USA at $379.90 million.

Radome Market Segmentation:
The radome market is segmented by type, by component, by function and by type of traders.
By Type -
The radome market is segmented by type into
a) Shell Structure
b) Spherical Structure
c) Other Types

By Offering Type -
The radome market is segmented by offering type into
a) Radome Body
b) Accessories
c) Services

By Application -
The radome market is segmented by application into
a) Airborne Radome
b) Ground-Based Radome
c) Shipboard Radome

Major players in the radome market include Northrop Grumman Corporation, General Dynamics Mission Systems Inc., Compagnie de Saint-Gobain S.A., Meggitt PLC, Astronics Corporation.

The regions covered in the global radome market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Radome Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Radome Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction And Market Characteristics
……
18. Competitive Landscape and Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Radome Market, Conclusions And Recommendations
22. Appendix

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