May 26, 2024
Aircraft Radome Market

Aircraft Radome Market Growth Is Projected To Propelled By Rising Adoption Of Advanced Materials.

Aircraft radomes are structural composite carbon or glass materials used to protect radar system, antenna, and other avionics equipment from damage caused by wind, weather and debris during flight. Aircraft radomes provide electromagnetic transparency allowing radio signals to pass through with minimal loss or distortion.

The global Aircraft Radome Market is estimated to be valued at US$ 738.09 Mn  in 2024 and is expected to exhibit a CAGR of 5.7%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Rising adoption of advanced materials is one of the key trends propelling the growth of global aircraft radome market during the forecast period. Advanced composite materials such as carbon fiber-reinforced composites offer superior durability and strength compared to conventional materials such as fiberglass composites. Carbon fiber composites allow radome design flexibility to withstand high-speeds, endure multi-hit lightning strikes and harsh temperature fluctuations during flight operations. The material also provides electromagnetic transparency, low weight and manufacturing cost advantages driving its adoption by OEMs. For instance, Lockheed Martin uses Enso Radome System made from advanced carbon fiber composite materials for F-35 radome ensuring durability and minimal distortion.

SWOT Analysis

Strength: The aircraft radome market is growing steadily due to increasing demand for new aircrafts. Growing defense budgets of numerous countries is also positively impacting the market.

Weakness: High manufacturing costs associated with aircraft radomes act as a restraint. Strict regulations regarding aircraft components also add to production challenges.

Opportunity: Advancements in composite materials provide an opportunity to develop lighter and more durable radomes. Growing demand for UAVs from both defense and commercial sectors present new opportunities.

Threats: Economic slowdowns can negatively impact aerospace industry spending which acts as a threat. Stringent aircraft certification procedures extend timelines.

Key Takeaways

The global Aircraft Radome Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global Aircraft Radome Market is estimated to be valued at US$ 738.09 Mn  in 2024 and is expected to exhibit a CAGR of 5.7%  over the forecast period 2024 to 2031.

North America is expected to dominate the global aircraft radome market over the forecast period. This is attributed to increasing aircraft procurement along with rising military spending in the region. The presence of major OEMs in the region also supports local market growth.

Key players operating in the aircraft radome market are Scotts Miracle-Gro Company, National Fertilizers Ltd., and Fertikal N.V. New product development and partnerships remain key strategies of these players to gain higher market shares. Innovation in radome design and materials will determine success in the coming years.

The global aircraft radome market size for 2024 is projected to be US$ 738.09 Mn. With increasing aircraft replacements and new aircraft deliveries, especially in commercial aviation, demand for radomes will continue rising. lower weight radomes made from advanced composites will see higher acceptance going forward.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it