Aircraft radome are fiberglass/carbon composites structures installed on aircraft to protect radar and antennas from weather and air movement. They are transparent to electromagnetic waves transmitted and received by antennas. Modern aircraft radomes transmit radar waves in X, C, L, S, and Ku bands, depending on the function. Adoption of advanced carbon-fiber radomes and integration of active electronically scanned arrays (AESA) radars have improved performance.

 

The global aircraft radome market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics

 

Technological advancements are expected to drive the growth of the market over the forecast period. Adoption of novel production technologies has enabled production of radomes with enhanced optical, structural, and electromagnetic properties. For instance, 3D printing technology aids in rapid production of complex radome geometries with intricate details and is finding increasing application in aircraft radomes.

 

Another factor fueling the market growth is increasing defense expenditure across major economies to enhance defense capabilities. According to Stockholm International Peace Research Institute (SIPRI), global military expenditure reached USD 1,917 billion in 2021, an increase of 0.7% from 2020. Countries such as the U.S., China, and India are investing heavily in defense sector to strengthen their military arsenal, which is expected to positively influence demand for advanced aircraft radomes over the forecast period.

 

SWOT Analysis

 

Strength: The aircraft radome market presents a large addressable market size given the substantial installed base of military and commercial aircraft worldwide. Radomes protect radar and communication antennas from damage, allowing for uninterrupted operations. Aircraft radomes are manufactured using advanced composite materials offering high strength to weight ratio and durability.

 

Weakness: Developing radome technologies for new aircraft programs requires significant upfront investments and long testing and certification cycles. Frequent design changes mandated by OEMs increases product development costs. The market also faces challenges from stringent aviation safety regulations.

 

Opportunity: Adoption of active electronically scanned array (AESA) radars in military aircraft is expected to drive the demand for advanced radomes. Integration of new radome technologies such as 3D printed radomes offers an opportunity to reduce production time and costs. Growing MRO demand from ageing fleets of military aircraft present an aftermarket opportunity.

 

Threats: Economic slowdowns reduce procurement budgets of armed forces impacting radome demand. Rising raw material costs may increase radome production costs. OEMs diversifying suppliers adds pricing pressure.

 

Key Takeaways

 

The Global Aircraft Radome Market Size is expected to witness high growth over the forecast period driven by strong demand from the aviation and defense sectors. The North American region currently dominates the market owing to large military aircraft procurement programs by the US and replacement of existing fleets. Key growth opportunities exist in countries such as India and China bolstering their indigenous defense manufacturing capabilities.

 

Regional analysis: North America accounts for over 35% share led by radar and comms suite upgrades on aircraft platforms by American and Canadian armed forces. Asia Pacific is projected to expand at a CAGR of 10.2% during 2023-2030 on account of ongoing modernization plans of Air Forces in India, China, and Japan. Production facilities of major radome manufacturers in these regions additionally contribute to regional supply.

 

Key players: Key players operating in the aircraft radome market are General Dynamics, Airbus, Nordam, Saint-Gobain, Meggitt, Starwin Industries, Kitsap Composites, Orbital ATK, Jenoptik, Harris, Vermont Composites, Pacific Radomes, Royal Engineered Composites, AVIC, ATK, Kelvin Hughes, Raytheon, Leonardo, Ducommun, CPI.

 

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