Press release
Radome Market: Robust Growth backed by Technological Advancements and Expanding Defense Sector
Radome Market Outlook
What Is The Projected Market Size Of The Global Radome Market And Its Growth Rate?
• The radome market has been exhibiting strong growth over the years, with its market size projected to rise from $1.95 billion in 2024 to $2.12 billion in 2025, growing at a CAGR of 8.8%. The growth during this period is attributed mainly to rising military spending, growing air travel, expanding seaborne trade, and strong economic growth in emerging markets.
• Looking ahead, the radome market is poised to experience rapid growth, predicted to swell to $3.29 billion by 2029 at a CAGR of 11.7%. This growth is expected to be driven by increasing demand for small aircraft, burgeoning passenger air traffic, rising demand for new fighter jets in developing countries and growing adoption of low earth orbit satellites.
What Is Driving The Growth In The Radome Market?
The radome market's growth is primarily driven by an increase in demand for new aircraft. As the number of air passengers surges, the need for new aircraft rises proportionately, thus contributing to the radome market's expansion. Radomes, which are installed to protect radar from environmental elements like wind, snow, and UV light, and to extend its lifespan, are necessary components of new aircraft. For instance, by 2027, the number of airplanes is forecasted to reach 1,100, indicating an increase in the sector's demand. Hence, an increase in demand for new aircraft due to a rise in air passenger numbers will propel the growth of the radome market.
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Who Are the Key Players Driving Radome Market Growth?
• Northrop Grumman Corporation
• General Dynamics Mission Systems Inc
• Compagnie de Saint-Gobain S.A.
• Meggitt PLC
• Astronics Corporation
• The Nordam Group Llc
• Communications & Power Industries (Cpi)
• Comtech Telecommunications
• Jenoptik
• Starwin Industries
• Om Aakash Fibres
• Kenbotong Technology
• Kineco
• Tianyi Satcom Co Ltd
• Harbin Topfrp Composite Co Ltd
• Leonardo
• Micrics
• L.M.P. Fluorcarbon Srl
• Lbk-Fibertec Gmbh
• Esta Ltd
• Royal Engineered Composites
• Airforce Technology
• L3harris Technologies
• Raytheon Technologies
• Lockheed Martin Corporation
• Tencate Advanced Composites
• Telemont
• Net Oficial
• Algar Companies
• Gazin
• Sercomtel.Net.Br
• Sercom
• Neoviasolutions
• Globosat
• Brametal
• Adventus Tecnologia Da Informação Comunicação E Serviços De Call
• Al Yah Satellite Communications Company
• Scorpio Space
• Yahsat
• Rohde & Schwarz
• Miro
• CPI International Inc.
What Are The Key Trends In The Radome Market?
• Use of advanced radome technology
• Focus on strategic mergers and acquisitions
• Rising investments in the radome market
• Innovation in radome designs
What Are The Segments Of The Global Radome Market?
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
Which Region Leads The Radome Market?
North America was the largest region in the radome market in 2024. The regions covered in this report also include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Radome Market Global Market Report?
- Market Size Analysis: Analyze the Radome Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Radome Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Radome Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Radome Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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