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(I-TravelNewswire.Com, May 24, 2018 ) Aircraft radome market is estimated to grow at a CAGR of 7.2% during the forecast period 2017 2025 and accounts for US$ 741.47 Mn in the year 2025.
The most widely used radome in modern aircrafts is the nose radome, and due to this, the segment contributed the maximum market share of 67.0% in 2016. The segment is also projected to surge at a faster pace as compared to other radome installed on aircraft. This is due to the fact that, the nose radome occupy less space than fuselage mounted radome, resulting in better operational efficiency. In addition, the nose radome eliminates moisture propagation and moisture intrusion, which are the major factors damaging the radars. Owing to these factors, the market for nose radome is anticipated to surge during the forecast period from 2017 to 2025, at a significant rate.
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In our study, we have segmented the aircraft radome market by design type, material type and aircraft type. The design type segment of aircraft radome market includes nose radome and fuselage mounted radome. Furthermore, the material type segment has been subdivided into glass fiber radome, resin radome and quartz radome that are used to manufacture radomes. Commercial aircrafts and military aircrafts are the two aircraft types where radomes are used and form the base for segmentation of this market. On the basis of geography, the aircraft radome market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The growth of market for aircraft radome is highly influenced by the remarkable growth in air travel across the globe. The growth in air travel has increased significantly over the years due to increase in disposable income among the middle class society and upper middle class society worldwide. Moreover, reduction in travel time and comfort ability is also acting as a growth factor for commercial aviation as well as military aviation. This also leading the aircraft manufacturers to procure more number of aircraft components which includes aircraft radomes in order to meet the increasing aircraft orders and backlogs.
In order to protect the sophisticated radar or antennas, the aircraft radome manufacturers catering to military aircrafts, manufacture the radome with high end technologies and advanced composites, which increases the interest among the end users. Thus fueling the growth of market for aircraft radome in the coming years.
The List Companies
1. Airbus S.A.S
2. General Dynamics Corporation
3. Jenoptik AG
4. Kitsap Composites
5. Meggitt PLC
6. NORDAM Group, Inc.
7. Orbital ATK
9. Starwin Industries
10. Vermont Composites (Kaman Composites)
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the modular data center market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
3 Key Takeaways 14
4 Market Landscape 18
4.1 Market Overview 18
4.2 Market Segmentation 19
4.3 Global Aircraft Radome Market By Type 20
4.4 Global Aircraft Radome Market By Material Type 20
4.5 Global Aircraft Radome Market By Aircraft Type 21
4.6 Global Aircraft Radome Market By Geography 21
4.7 Porters Five Forces 22
4.7.1 Bargaining Power of Buyers 22
4.7.2 Bargaining Power of Suppliers 23
4.7.3 Threats to Substitutes 23
4.7.4 Threats to New Entrants 23
4.7.5 Competitive Rivalry 24
5 Global Aircraft Radome Market Key Market Dynamics 25
5.1 Key Market Drivers 25
5.1.1 Significant Rise in Demand for Air Travel 25
5.1.2 Increasing Demand for Quartz Fiber 25
5.2 Key Market Restraints 26
5.2.1 High Cost of Advanced Fiber Materials 26
5.2.2 Requirement of Highly Skilled Labor for Maintenance of Radome 26
5.3 Key Market Opporunities 27
5.3.1 Modernization of Existing Aircrafts 27
5.4 Future Trends 28
5.4.1 Technological Advancement is Anticipated to Influence the Growth of Aircraft Radome 28
5.5 Impact Analysis of Drivers and Restraints 29
6 Aircraft Radome Market Global 30
6.1 Global Aircraft Radome Market Overview 30
6.2 Global Aircraft Radome Market Forecast and Analysis 32
7 Global Aircraft Radome Market Analysis By Design Type 33
7.1 Overview 33
7.2 Nose Radome 34
7.2.1 Overview 34
7.2.2 Global Nose Radome Market Revenue and Forecasts to 2025 (US$ Mn) 34
7.3 Fuselage Mounted Radome 36
7.3.1 Overview 36
7.3.2 Global Fuselage Mounted Radome Market Revenue and Forecasts to 2025 (US$ Mn) 36
8 Global Aircraft Radome Market Analysis By Material type 38
8.1 Overview 38
8.2 Glass-Fiber 39
8.2.1 Overview 39
8.2.2 Global Glass-Fiber Market Revenue and Forecasts to 2025 (US$ Mn) 39
8.3 Resin 41
8.3.1 Overview 41
8.3.2 Global Resin Market Revenue and Forecasts to 2025 (US$ Mn) 41
8.4 Quartz 43
8.4.1 Overview 43
8.4.2 Global Quartz Market Revenue and Forecasts to 2025 (US$ Mn) 43
9 Global Aircraft Radome Market Analysis By Aircraft type 44
9.1 Overview 44
9.2 Commercial 45
9.2.1 Overview 45
9.2.2 Global Commercial Market Revenue and Forecasts to 2025 (US$ Mn) 45
9.3 Military 47
9.3.1 Overview 47
9.3.2 Global Military Market Revenue and Forecasts to 2025 (US$ Mn) 47
10 Global Aircraft Radome Market Geographical Analysis 48
10.1 Overview 48
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