DUBLIN--(BUSINESS WIRE)--The "Radome Market by Platform(Ground, Airborne, Naval), Application(Radar, Sonar, Communication Antenna), Frequency(HF/UHF/VHF-Band, L- Band, S-Band, C- Band, X- Band, KU- Band, KA- Band, Multi-Band), Offering, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The radome market is estimated at USD 1.7 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 15.0% from 2021 to 2026.
The radome market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The Advancements in composite materials technology for Radome structure, focus on development of compact radome for UAV platforms, demand for technologically advanced radome systems for next-generation aircraft and significance of radomes in warfare are fueling the growth of the radome market.
Based on material, glass fiber projected to lead radome market by material from 2021 to 2026.
Development and procurement of modern aircraft systems, such as targeting and surveillance systems and communication systems, for various applications is driving the demand for radome market globally. The surface of the fiberglass radome is reinforced with additives to enhance the adhesion between them so that the surface paint will not fall off, wrinkle and maintain its color even in severe weather. This also offers excellent electrical insulation and permeability.
Based on application, the radar segment will register the highest growth from 2021 to 2026.
A radome is often used to prevent ice and freezing rain from accumulating on antennas. In the case of a spinning radar parabolic antenna, the radome also protects the antenna from debris and rotational irregularities due to wind. In November 2020, Meggitt PLC secured a pioneering radome contract with BAE Systems to enable advanced radar technology for the Royal Air Force Typhoon fighter jet.
Based on Platform, naval segment projected to grow at the highest CAGR during the forecast period.
Upgrades in communication, navigation, and surveillance systems have helped modernize the maritime industry at a significant pace. An increase in automation, modernization of ships, upcoming autonomous technology, and the increase in unmanned marine vehicles are expected to drive the radome market of the naval platform. The naval platform comprises commercial vessels, military vessels, and unmanned marine vehicles. In January 2021, Saab and the Swedish Defence Materiel Administration (FMV) signed two agreements with the Swedish navy concerning the next generation of surface ships and corvettes.
Based on region, North America is projected to lead the radome market from 2021 to 2026.
Significant investments in R&D activities for the development of advanced radome solutions by key players and increased demand for advanced radome systems are some of the factors expected to fuel the growth of the radome market in this region. The US is expected to drive the growth of the North American radome market during the forecast period, owing to easy access to various innovative technologies and significant investments being made by manufacturers in the country for the development of improved military ISR and communication & monitoring systems. Several developments have taken place in the field of radome systems in the region.
Market Dynamics
Drivers
- Advancements in Composite Materials Technology for Radome Structure
- Focus on Development of Compact Radome for Uav Platforms
- Demand for Technologically Advanced Carbon Fiber Radome Systems for Next-Generation Aircraft
- Significance of Radomes in Warfare
Restraints
- Long Duration of Product Certification
- Manufacturing Challenges Faced by Product Manufacturers
- Stringent Regulatory Norms to Ensure Safe Aircraft Operations
Opportunities
- Emergence of Aircraft Manufacturing in Asia-Pacific
- New Composites Developed to Improve Radome Properties
Challenges
- Complexities in Maintenance and Repair of Radomes
- Reduced Global Demand for Mro due to COVID-19
Companies Mentioned
- L3Harris Technologies
- Bae Systems plc
- Cobham plc
- Raytheon Technologies
- Lockheed Martin Corporation
- General Dynamics
- Business Overview
- Jenoptik
- Saint-Gobain
- Nordam
- Cpi
- Flir Systems (Raymarine)
- Northrop Grumman Corporation
- Comtech Telecommunications
- Antennas for Communications
- The Boeing Company
- Thales Group
- Verdant Telemetry & Antenna Systems
- Kelvin Hughes
- Starwin Industries
- Toray Advanced Composites
- Royal Engineered Composites
- Kitsap Composites
- Harbin Topfrp Composite Co., Ltd (Htc)
- Delta G Design
- Kaman Composites
For more information about this report visit https://www.researchandmarkets.com/r/lu9fgo
