Aerospace Radome Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Technological Trends, Competitive Market Share & Forecast, 2024 – 2032
Report ID: GMI3318
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Published Date: February 2024
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Report Format: PDF
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Aerospace Radome Market Size
Aerospace Radome Market will witness notable proceeds from 2024 to 2032 driven by the rising procurement of advanced military aircrafts and intensifying investments in the defense sector.
The IATA forecasts a surge in air travel, with passenger numbers expected to reach 4.7 billion in 2024, up from 4.5 billion in 2019, driven by shifting travel patterns. With increasing air travel and fleet expansion initiatives by airlines worldwide, there is a growing need for radomes to protect radar systems and antennas mounted on aircraft.
Further, the growing demand for in-flight connectivity solutions, such as satellite-based internet services and airborne communication systems, is driving the aerospace radome industry. Radomes play a critical role in housing antennas and satellite communication equipment, enabling seamless connectivity for passengers and crew during flight.
Aerospace Radome Market Trends
One significant trend is the increasing demand for lightweight and high-performance materials in aerospace applications, driven by the need to improve fuel efficiency and reduce operating costs. This has led to the development of advanced composite materials for radomes, offering superior radar transparency while maintaining structural integrity. Additionally, there is a growing focus on the integration of advanced radar and communication systems in aircraft, necessitating the deployment of radomes capable of supporting high-frequency signals and reducing electromagnetic interference.
Aerospace Radome Market Analysis
The fiber-glass material segment will gain traction through 2032 owing to the inclination for materials with excellent rigidity as well as lower weight. The fiber-reinforced plastic radomes are high-temperature & crack resistant and can withstand adverse weather conditions while keeping their physical properties unchanged. Moreover, these radomes are reinforced with additives to enhance the adhesion between them, retain the surface paint, and offer color maintenance in severe weather instances.
The commercial segment is expected to grow substantially between 2024 and 2032, attributed to the new aircraft requirements pushed by increasing air travel. The thriving demand for highly fuel-efficient aircraft has resulted in the growing need for modernized fleets. These systems are mainly used for the after-repair testing of commercial aircraft as well as to make the required measurements. The increased production rate by the aircraft OEMs and the influx of new aircraft models will favor segment progression.
Asia Pacific aerospace radome market will account for a significant share by the end of 2032, on account of higher defense spending and increasing air passenger traffic. The rising number of military modernization plans, rapid economic expansion, and territorial disputes have led to the increasing procurement of modern military aircraft across the region. The inclination towards private travel has also spurred the sales for business jets. The fast-growing commercial air travel industry and production of low-cost commercial aircraft will favor market growth in the APAC region.
Aerospace Radome Market Share
Some of the leading players in the aerospace radome industry include:
These companies are actively implementing collaborative strategies, including partnerships and mergers, along with investments for new product launches, while taking up contracts to expand their portfolio and customer base.
Aerospace Radome Industry News