Radome Market Forecasts to 2030 – Global Analysis By Offering (Accessories, Radome Body and Other Offerings), Frequency (KA-Band, X-Band, S-Band, L-Band and Other Frequencies), Platform, Application and By Geography

Radome Market Forecasts to 2030 – Global Analysis By Offering (Accessories, Radome Body and Other Offerings), Frequency (KA-Band, X-Band, S-Band, L-Band and Other Frequencies), Platform, Application and By Geography

According to Stratistics MRC, the Global Radome Market is accounted for $3.05 billion in 2023 and is expected to reach $9.32 billion by 2030 growing at a CAGR of 17.3% during the forecast period. A radome is a protective enclosure designed to shield radar equipment from the elements while allowing radar signals to pass through with minimal interference. Typically constructed from materials such as fiberglass, composites, or even inflatable structures, radomes are essential components of radar systems deployed in various environments, including military installations, airports, and weather monitoring stations. By encapsulating radar antennas and related equipment, radomes safeguard them against harsh weather conditions like rain, snow, wind, and extreme temperatures, which could otherwise degrade performance or cause damage. Radomes are engineered to maintain the integrity of radar signals, preserving their accuracy and reliability despite being situated outdoors.

According to the GSMA's Mobile Economy APAC 2023 Report, 5G technology is set to play a significant role in the Asia Pacific (APAC) region's mobile landscape. By the year 2030, 5G is expected to account for more than two-fifths (41%) of all mobile connections, a substantial increase from the 4% observed in 2022. This transition to 5G is anticipated to contribute over $133 billion to the APAC economy in 2030.

Market Dynamics:

Driver:

Increased focus on stealth technology

The heightened emphasis on stealth technology has bolstered the Radome Market by driving innovation towards materials and designs that facilitate radar invisibility. Radomes, protective coverings for radar systems, play a pivotal role in concealing radar signatures of aircraft, ships, and ground-based installations. As militaries worldwide prioritize stealth capabilities to evade detection and enhance operational effectiveness, there's a growing demand for advanced radomes that minimize radar cross-section (RCS). Engineers are developing composite materials with low electromagnetic reflectivity, enabling radomes to maintain structural integrity while reducing radar reflection.

Restraint:

Global economic conditions

Economic slowdowns or recessions in key markets can lead to reduced investments in infrastructure projects, including those requiring radomes for communication and radar systems. Fluctuations in currency exchange rates can impact the cost of materials and manufacturing, potentially increasing expenses for radome producers. However, trade tensions and tariffs between major economies can disrupt the supply chain and increase costs for companies operating in the radome market. Reduced consumer spending power during economic downturns may lead to decreased demand for products and services that utilize radomes, such as telecommunications and aerospace industries.

Opportunity:

Rising adoption of radars in autonomous vehicles

As autonomous vehicles increasingly rely on radar sensors for navigation, collision avoidance, and environmental awareness, the demand for radomes has surged. These protective enclosures shield radar systems from external elements such as weather conditions, debris, and electromagnetic interference, ensuring reliable and accurate data collection. Moreover, the integration of advanced radomes enhances the performance and longevity of radar systems, crucial for the safety and efficiency of autonomous vehicles.

Threat:

Radome maintenance and damage

Maintenance demands are significant due to their exposure to harsh conditions like extreme temperatures, high winds, and precipitation. Regular upkeep is essential to ensure optimal radar performance, requiring resources for cleaning, inspection, and repair. Damage, whether from weathering, bird strikes, or other external factors, poses a continual threat. Repairing or replacing damaged radomes is costly and time-consuming, affecting both operators and manufacturers. Consequently, these maintenance and damage issues impede market growth by increasing operational costs, reducing system reliability, and potentially deterring investment in radome-equipped radar systems.

Covid-19 Impact:

Due to widespread lockdowns and travel restrictions, the production and supply chain of radome materials and components faced disruptions, leading to delays in manufacturing and delivery schedules. This resulted in project delays for both ongoing and planned installations, impacting revenue streams for radome manufacturers and suppliers. With many industries experiencing financial strain, there was a decrease in investment in new infrastructure projects, including those requiring radomes, further dampening market growth. However, the uncertainty and economic challenges brought about by the pandemic led to a subdued outlook for the radome market in the short to medium term.

The Accessories segment is expected to be the largest during the forecast period

The Accessories segment plays a pivotal role in enhancing the Radome Market by offering complementary components that optimize performance and durability. These accessories encompass a range of crucial elements such as mounting hardware, seals, lightning protection systems, and radome cleaning solutions. Mounting hardware ensures secure installation, safeguarding the integrity of the radome's structure even in harsh environmental conditions. Seals prevent moisture ingress, preserving sensitive radar equipment from damage. Lightning protection systems mitigate the risk of electrical surges, crucial for safeguarding both the radome and the radar equipment it houses.

The Communication Antenna segment is expected to have the highest CAGR during the forecast period

The Communication Antenna segment propels the Radome Market as telecommunication networks expand globally, the demand for reliable communication antennas increases, necessitating the protection of these antennas from environmental factors such as weather and debris. Radomes serve this crucial purpose by providing a protective covering without compromising signal transmission quality. Moreover, the growing use of satellite communication systems in various sectors, including aerospace, defense, and maritime, fuels the need for radomes to safeguard satellite antennas from external elements.

Region with largest share:

Asia Pacific region is poised to witness the largest share of the market throughout the extrapolated period. With the increasing frequency and intensity of natural disasters such as typhoons, hurricanes, and cyclones in this region, there has been a heightened emphasis on enhancing weather prediction capabilities. Additionally, radomes within the region play a critical role in protecting radar systems from environmental factors such as rain, wind, and hail, ensuring uninterrupted data collection and transmission for accurate weather forecasting.

Region with highest CAGR:

Asia Pacific region is projected to hold the profitable growth during the estimation period. Government regulations play a pivotal role in propelling the Asia Pacific region's Radome Market growth. Regulatory frameworks incentivizing research and development activities in radome manufacturing techniques and materials stimulate innovation and product development in the region. Stringent regulations mandating the installation of radomes for safeguarding critical communication and navigation equipment in aerospace and defense sectors drive market demand across the region.

Key players in the market

Some of the key players in Radome market include BAE Systems, Cobham PLC, Comtech Telecommunications, Deere And Company, General Dynamics Nordam, Hitachi Ltd, Komatsu Ltd, L3harris Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saint-Gobain and Thales Group.

Key Developments:

In April 2023, Saint Gobain was awarded with a contract of Repair of Radome, Nose in support of the HC-144 Aircraft by the Aviation Logistics Centre, US.

In January 2023, The US Army Contracting Command, Aberdeen Proving Ground, MD, has awarded General Dynamics Corporation's business unit, Mission Systems, a contract worth USD 74.9 million to provide support services for Tactical Network-On the Move systems and equipment.

In February 2021, Cobham Aerospace Connectivity unveiled a cutting-edge ultra-low-profile satellite communication (satcom) antenna system. This innovative system incorporates a compact and lightweight radome, enhancing the antenna's overall performance.

Offerings Covered:
• Accessories
• Radome Body
• Other Offerings

Frequencies Covered:
• KA-Band
• X-Band
• S-Band
• L-Band
• Other Frequencies

Platforms Covered:
• Naval
• Ground
• Airborne

Applications Covered:
• Communication Antenna
• Sonar
• Radar

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements