Radome Global Market Report 2024

A radome serves as an enclosure for electronic antennas, designed with a material that minimally attenuates electromagnetic signals transmitted or received by the antenna. These enclosures can be constructed from rigid self-supporting materials or air-inflated flexible fabrics. Radomes play a crucial role in enclosing radar systems and satellite communications antennas, providing protection against environmental factors such as strong winds, snow, rain, and UV light, thereby extending the lifespan of the enclosed components.

The main types of radomes are the shell structure and the spherical structure. The shell structure radome is characterized by a thin, curved plate structure designed to transmit applied forces through compressive, tensile, and shear stresses on the surface. Offerings in this category include radome bodies, accessories, and services, catering to applications in shipboard radomes, ground-based radomes, and airborne radomes.

The radome market research report is one of a series of new reports from The Business Research Company that provides radome market statistics, including radome industry global market size, regional shares, competitors with a radome market share, detailed radome market segments, market trends and opportunities, and any further data you may need to thrive in the radome industry. This radome market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The radome market size has grown rapidly in recent years. It will grow from $1.79 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The expansion witnessed during the historical period can be ascribed to the growth factors of increasing military spending, a surge in air travel, heightened investments in satellites, growth in seaborne trade, and robust economic development in emerging markets.

The radome market size is expected to see rapid growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be linked to the rising demand for small aircraft, an upswing in passenger air traffic, an increasing demand for new fighter jets in developing countries, and a growing adoption of low earth orbit satellites. Key trends expected during the forecast period encompass the utilization of advanced radome technology, a strategic emphasis on mergers and acquisitions, and a heightened focus on investments and innovation in radome designs.

The growth of the radome market is being fueled by an increased demand for new aircraft, driven by the rising number of air passengers. Aircraft, designed to traverse the air through the buoyancy of air on their surfaces, require the installation of radomes to protect radar systems from environmental factors such as strong winds, snow, rain, and UV light. This protection extends the lifespan of radar systems, contributing to the overall growth of the radome market. For example, the India Brand Equity Foundation projects that the number of airplanes is expected to reach 1,100 by 2027 due to heightened demand in the aviation sector. Consequently, the surging demand for new aircraft in response to the growing air passenger count is anticipated to propel the radome market forward.

The radome market is poised for growth in the forecast period owing to the increasing adoption of low earth orbit (LEO) satellites. The rise of LEO satellites has generated a heightened need for radomes to safeguard antennas on these satellites from the challenging space environment. Operating at altitudes below 2,000 kilometers, LEO satellites face higher radiation levels, temperature variations, and other environmental factors that can potentially harm or degrade antennas. The Union of Concerned Scientists reports that there are currently more than 4,852 operational satellites orbiting Earth, with a significant portion operating in low earth orbit. Notably, companies such as OneWeb are actively deploying satellites, contributing to a growing LEO satellite constellation. The U.S. Space Force's plans to award substantial contracts for low Earth orbit satellite broadband services further underscore the increasing significance of LEO satellites. As more LEO satellites are launched and operationalized, the demand for radomes is expected to rise, fostering growth in the radome market.

A notable trend is the ongoing innovation in radome design as manufacturers strive to develop new designs that offer enhanced performance, durability, and efficiency. This trend encompasses advancements in materials science, manufacturing processes, and design techniques, driven by the growing demand for high-performance radomes in diverse industries such as aerospace, defense, and telecommunications. For instance, in November 2021, Rohde & Schwarz introduced an innovative radome tester, R&S QAR50, designed for efficient measurements of radomes and bumpers in production. This tester, featuring a modular software concept, facilitates adaptation to individual requirements and ensures short measurement times with accurate and reproducible results. The emphasis on innovative radome design reflects the industry's commitment to meeting evolving demands and improving overall product capabilities.

Strategic collaborations and partnerships stand out as key trends gaining momentum in the radome market. Major players in the market are actively engaging in partnerships to strengthen their product portfolios and introduce innovative offerings. An illustrative example is the acquisition of L3Harris by RENK Group for $400 million in July 2021. This strategic move reinforces the RENK group's commitment to supporting the U.S. Army and its allies. L3Harris, the acquired company, specializes in manufacturing naval shipboard radomes, airborne radomes, and submarine radomes.

In November 2021, Communications & Power Industries (CPI), a U.S.-based electronic component manufacturing company, acquired L3Harris ESSCO business, adding radio-frequency ground structures and alternative materials to CPI's portfolio. This trend of strategic collaborations and partnerships highlights the industry's focus on collaboration to drive innovation and offer comprehensive solutions in the radome market.

Major companies operating in the radome market report are Northrop Grumman Corporation, General Dynamics Mission Systems Inc., Compagnie de Saint-Gobain S.A., Meggitt PLC, Astronics Corporation, The Nordam Group Llc, Communications & Power Industries (Cpi), Comtech Telecommunications, Jenoptik, Starwin Industries, Om Aakash Fibres, Kenbotong Technology, Kineco, Tianyi Satcom Co Ltd., Harbin Topfrp Composite Co Ltd., Leonardo, Micrics, L.M.P. Fluorcarbon Srl, Lbk-Fibertec Gmbh, Esta Ltd., Royal Engineered Composites, Airforce Technology, L3harris Technologies, Raytheon Technologies, Lockheed Martin Corporation, Tencate Advanced Composites, Telemont, Net Oficial, Algar Companies, Gazin, Sercomtel.Net.Br, Sercom, Neoviasolutions, Globosat, Brametal, Adventus Tecnologia Da Informacao Comunicacao E Servicos De Call, Al Yah Satellite Communications Company, Scorpio Space, Yahsat, Rohde & Schwarz, Miro, CPI International Inc.

North America was the largest region in the radome market in 2023. The regions covered in the radome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the radome market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The radome market consists of revenues earned by entities by providing devices and services such as radio frequency analysis, structure analysis, RF testing coordination, fiberglass tooling, and radome installation & supervision to enhance the protection of radar antennas. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Radome Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on radome market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for radome? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radome market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Shell Structure; Spherical Structure
• 2) By Offering Type: Radome Body; Accessories; Services
• 3) By Application: Airborne Radome; Ground-Based Radome; Shipboard Radome
• Companies Mentioned: Northrop Grumman Corporation; General Dynamics Mission Systems Inc; Compagnie de Saint-Gobain S.A.; Meggitt PLC; Astronics Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.