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Allied Market Research

Aircraft Radome Market by Design Type (Nose Radome and Fuselage Mounted Radome), Material Type (Glass-Fiber, Resin, and Quartz), Aircraft Type (Commercial Aircraft and Military Aircraft), Offering (Radome Body, Accessories, and Service), and Application (Ground, Airborne, and Shipboard): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10507
Pages: NA
Jun 2021 | 86 Views
 
Author(s) : NA
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Aircraft Radome Market Outlook – 2027

A radome is a weatherproof, enclosed structure that protects a radar antenna. The radome is the term derived from the words radar and dome and was originally interpreted as a radar-transparent, dome-shaped structure, installed on an aircraft. However, now radome is a commonly used term for any radar enclosure, whether it is airborne or ground-based. Aircraft radome is constructed in such a way that it minimally attenuates the electromagnetic signal, effectively transparent to radio waves, which is transmitted or received by the antenna. The upsurge in demand for aircraft leads to a significant boost in the growth of the global aircraft radome market. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period 

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  design type, aircraft type, offering, and application

  Regions covered

North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

General Dynamics, L3 Technologies, Jenoptik, Royal DSM, Saint-Gobain, NORDAM, CPI, Orbital ATK, TenCate Advanced Composites, and Verdant

 

COVID-19 Scenario Analysis:

  • Aircraft radome production is going to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the aircraft radome companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The global aircraft radome market has been witnessing a significant upsurge in demand due to rise in air traffic. Moreover, change in consumer lifestyle and growth in market awareness regarding advanced aircraft component drive the growth of the aircraft radome market. Besides, the consistent modernization initiatives by the aviation industry are accelerating the growth of the global aircraft radome market. Moreover, advanced technology fosters the application of radomes in aircraft to enhance the transmitting of signals. Such factors are anticipated to boost the growth of the market.

The global aircraft radome market trends are as follows:

Growth in air traffic to boost the demand

The growth of the global aircraft radome market can be attributed to the remarkable growth in air travel across the globe. Besides, change in lifestyle among the population along with rise in disposable income has significantly risen the air traffic over the past years, which in turn is anticipated to boost the demand for the global aircraft radome market. This is followed by a reduction in time travel while ensuring a comfortable travel experience. Moreover, this encourages the major market participants to boost investment in various aspects of the market from manufacturing to marketing. In addition, the major participant for global aircraft radome market includes radome manufacturers, wholesalers, distributors, and retailers, manufacturers of sub-components, system integrators, radome associations & government bodies. However, growth in number of major market players is driving cut-throat competition in the global market.

Modernization initiatives to foster the growth

The aviation industry produces aircraft for various industries such as the commercial and military sectors. The aircraft are consistently upgraded to maintain the model efficiency and performance on the field. Therefore, the aircraft market initiates modernization activities, which in turn proliferates the growth of the aircraft radome market.  Besides, the leading aircraft manufacturers procure more aircraft components, including engines, antennas, landing gear, radomes, armaments, and in-flight entertainment systems to maintain the safety of the aircraft as well as enhance its functioning and services. Moreover, such initiatives are witnessed in commercial aviation as well as military aviation. Furthermore, rise in the defense budget of many nations to upgrade the military aircraft and make them war-ready is fueling the growth of the aircraft radome market globally.

Key Segments Covered:

Segments

Sub-segments

  Design Type

  • Nose Radome
  • Fuselage Mounted Radome

  Material Type

  • Glass-Fiber
  • Resin
  • Quartz

  Aircraft Type

  • Commercial Aircraft
  • Military Aircraft

  Offering

  • Radome Body
  • Accessories
  • Service

  Application

  • Ground
  • Airborne
  • Shipboard  

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global aircraft radome industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global aircraft radome market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aircraft radome market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global aircraft radome market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the aircraft radome market research report:

  • Which are the leading market players active in the Aircraft radome market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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