Aircraft Radome Market Forecast (2024-2031), Size, Share
The Aircraft Radome Market size is projected to reach US$ 1.16 billion by 2031 from US$ 0.65 billion in 2023. The market is expected to register a CAGR of 7.5% in 2023–2031. The deployment of military aircraft in large numbers is generating new demand for aircraft radome systems. The aircraft radome manufacturing industry consists of large numbers of well-established and well recognized companies such as General Dynamics Corporation, Jenoptik, Airbus, Orbitall ATK and Parker Hannifin Corp among others. The existing radome manufacturers acquire most of the contracts from the major aircraft manufacturers, which limits the entrance for new companies to enter the industry. The capital investments involved in setting up a new aircraft component manufacturing company incurs huge costs, which is a major concern for the new entrants in the industry.
Aircraft Radome Market Analysis
The aircraft radome manufacturing industry consists of large numbers of well-established and well recognized companies such as General Dynamics Corporation, Jenoptik, Airbus, Orbitall ATK, and Meggitt PLC among others. The existing radome manufacturers acquire the most of the contracts from the major aircraft manufacturers, which limits the entrance for new companies to enter the industry. Owing to these, the threats to new entrants in the aircraft radome market, is all time low. The capital investments involved in setting up a new aircraft component manufacturing company incurs huge costs, which is a major concern for the new entrants in the industry.
Aircraft Radome Market Overview
The radome is a covered structural component of an aircraft, safeguarding the antenna from different environmental parameters, as well as external factors such as bird strike, lightning strike. At the same time, radome increases the stealthy feature of the aircraft. These are achieved by manufacturing the radome with high end composite materials and advanced technology. The maintenance of high end composites and advanced technology in order to increase the operational efficiency of the radome requires highly skilled engineering labor. The lack of skilled engineering labor in different parts of the world is limiting the aircraft manufacturers to adopt the technologically advanced radome, thus, inhibiting the growth of the market for aircraft radome over the period.
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Aircraft Radome Market: Strategic Insights
Market Size Value in US$ 403.81 Million in 2016 Market Size Value by US$ 741.4 Million by 2025 Growth rate CAGR of 7.2% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Aircraft Radome Market: Strategic Insights
| Market Size Value in | US$ 403.81 Million in 2016 |
| Market Size Value by | US$ 741.4 Million by 2025 |
| Growth rate | CAGR of 7.2% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Aircraft Radome Market Drivers and Opportunities
Increasing Number of Aircraft Worldwide
The increasing fleet of aircraft across different regions is one of the major factors supporting the growth of aircraft radome market globally. The demand for new commercial aircraft is on the rise; majority of the aircraft OEMs i.e., Airbus and Boeing have also been receiving large number of orders for different model of aircraft such as A320 series, B787 series, A330 series, and B737 series. These aircraft are some of the most widely used commercial aircraft models that acquire for the majority share in the worldwide aircraft fleet. This is also propelling the production of such aircraft models and thereby generating new demand for the installation of aircraft radomes across different regions.
Upcoming Deliveries of Aircraft is Likely to Generate Future Opportunities for Radome Manufacturers
The expected deliveries of commercial aircraft, military aircraft, and general aviation aircraft are likely to generate new opportunities for market vendors during the forecast period. The upcoming deliveries of more than 40,000 commercial aircraft in the next 20 years is likely to generate huge opportunities for aircraft radome market vendors in the coming years.
Further, the rising contracts for the procurement of military aircraft is another major factor likely to generate new opportunities for market vendors in the coming years. This is further supported by the increasing military expenditure across different countries around the world.
Aircraft Radome Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Aircraft Radome Market analysis are design type, material type, aircraft type, and geography.
- Based on design type, the Aircraft Radome Market has been segmented into nose radome and fuselage mounted radome. The nose radome segment held a larger market share in 2023.
- By material type, the market has been segmented into glass-fiber, resin, and quartz. The glass-fiber segment held the largest share of the market in 2023.
- In terms of aircraft type, the market has been segregated into civil and military. The civil segment dominated the market in 2023.
Aircraft Radome Market Share Analysis by Geography
The geographic scope of the Aircraft Radome Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific has dominated the Aircraft Radome Market in 2023, and it is likely to witness highest CAGR during the forecast period as well. The market for aircraft radome in the Asia Pacific region has been emerging mainly due to the rising procurement of civil and military aircraft across different countries. For instance, according to the Airbus forecasts, approximately 9,500 aircraft are expected to be delivered by the end of 2042 in the Asia Pacific region which is further expected to generate the demand for aircraft radomes across the Asia Pacific region in the coming years. Moreover, the rising air passenger traffic, rising disposable income, and introduction of low-cost carriers/airlines are some of the other factors supporting the procurement of new aircraft and thereby driving the market for aircraft radomes and other components as well in the Asia Pacific region.
Aircraft Radome Market Report Scope
Aircraft Radome Market News and Recent Developments
The Aircraft Radome Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft radome market and strategies:
- On August 2023, QinetiQ’s Airborne Technology Demonstrator (ATD) in partnership with BAE Systems, underpinned by the Long Term Partnering Agreement with the MOD, has conducted a flight test with the combat aircraft nose system (fast jet radome) installed onto the RJ100, paving the way to future radar and sensor integration capability. (Source: QinetiQ, Press Release/Company Website/Newsletter)
- On May 2021, General Dynamics Mission Systems delivered the 500th wideband nose radome to Lockheed Martin for installation aboard the US Air Force, US Navy, US Marine Corps and international military F-35 aircraft. (Source: General Dynamics Mission Systems, Press Release/Company Website/Newsletter)
Aircraft Radome Market Report Coverage and Deliverables
The “Aircraft Radome Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Design Type , Material Type , and Aircraft Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Asia Pacific region dominated the aircraft radome market in 2023.
Increasing demand for quartz fiber and significant rise in demand for air travel are some of the factors driving the growth for aircraft radome market.
The increasing production of military aircraft is one of the major trends of the market.
Airbus SAS, General Dynamics Corporation, Jenoptik AG, Orbitall ATK, Saint Gobain, Starwin Industries, Vermont Composites Inc, Parker Hannifin Corpoation, Nordam Group, and Kitsap Composites are some of the key players profiled under the report.
The estimated value of the aircraft radome market by 2031 would be around US$ 1.16 billion.
The aircraft radome market is likely to register of 7.5% during 2023-2031.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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