Radome Market is Forecasted to Reach USD 1.6 Billion in 2025, Says Stratview Research

The global Radome Market is projected to witness a growth rate of 5.2% annually from 2020 to 2025, with an anticipated size of USD 1.6 billion in 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Radome Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/583/radome-market.html#form

Report Highlights: `
Market Size in 2025: USD 1.6 billion
Growth (CAGR): 5.2% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Radome Market:
The global Radome Market is segmented by application type, offering type, and region

Based on the offering type: The market is segmented as radome body, accessories, and services. The Radome body is further bifurcated based on the material type glass fiber radome, quartz fiber radome, and other radomes; structure type as solid laminate, sandwich construction, and others; and as radome type as nose radome, SATCOM radome, and others. Radome body is likely to maintain its unassailable dominance in years to come, whereas services are likely to witness the highest growth.

Based on the application type: The market is segmented as ground-based radome, airborne radome, and shipboard radome. The ground-based radome market is further segmented into telecom towers, air traffic control (ATC), air defense radome, and ground vehicles. Similarly, the airborne radome market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopters, and UAVs, and the shipborne radome market into commercial ships and military ships. Airborne radome is likely to remain the most dominant as well as the fastest-growing segment of the market in the coming five years. In airborne radome, commercial aircraft is anticipated to remain the growth engine in the foreseen future. UAV, a relatively small segment, is expected to generate impressive growth opportunities for market participants in the coming years, mainly governed by the USA.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/583/radome-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• The USA is the growth engine of the North American radome market.
• The country is the hub for the aerospace industry with the presence of several aircraft OEMs, tier players, radome manufacturers, and raw material suppliers.
• Most of the major radome manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Asia-Pacific is likely to have the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the opening of assembly plants of Boeing and Airbus in China for B737, A320, and A330 aircraft programs. Upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ); rising aircraft fleet size; and increasing military spending by countries such as China and India further assure the region's attractiveness in the long haul.

Radome Market Drivers:
The growth of the Radome Market is driven by several factors.
• Organic growth of the aerospace industry remains acting as the prime growth driver of the market. Surging commercial and regional aircraft production to support rising air passenger traffic, the introduction of fuel-efficient variants of the best-selling aircraft programs (B777x, A320neo, etc.), and upcoming aircraft programs (COMAC C919, Irkut MC21, etc.) are creating a healthy demand for airborne radomes.
• However, increasing demand for in-flight entertainment (IFE) and connectivity, especially in commercial and regional aircraft, is mainly stirring the real flavor of growth in the market. Antenna systems are now multiband and multifunctional and operate "broadband" over numerous different frequencies with trends towards higher frequencies.
• Operating at a higher frequency (for example Ka instead of Ku band for Wi-Fi) permits the high-speed transmission of big data, allowing them to send and transmit data to the connected aircraft in real time. Such advancements in antennae require a radome that is compatible with the high-frequency band.
• All the major companies are hammering hard for the development of advanced high-performance SATCOM radome in order to make them a suitable claimant for 5G and multiband, capable of operating at different frequencies.

Top 10 Companies in the Radome Market:
Stratview Research has identified the following companies as the top market players:
• General Dynamics Mission Systems Inc.
• Saint-Gobain Performance Plastics
• Meggitt Plc
• Airbus SE
• L3 Essco
• Cobham plc
• FACC AG
• CPI International Holding
• Jenoptik AG
• Kaman Corporation
• Aviation Industry Corporation of China
• Northrop Grumman Corporation
• Nordam LLC
• Royal DSM.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Radome Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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