The Business Research Company’s Radome Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Radome Global Market Report 2023 evaluates radome market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global radome market is expected to grow from $2,647.24 million in 2027 at a rate of 10.37%. The market is then expected to grow at a CAGR of 11.48% from 2027 and reach $4,558.70 million in 2032.
The growing demand for new fighter jets in developing countries is expected to propel the growth of the radome market going forward. Radomes are used in fighter jets to protect the radar antenna, reduce the radar cross-section (RCS) of the aircraft, improve aerodynamics and allow the radar antenna to transmit and receive signals effectively. For example, in August 2022, according to the Economic Times, an Indian-based newspaper journal, the demand for fighter jets is growing in developing countries such as Malaysia, the USA, Argentina, Australia, Egypt, Indonesia and the Philippines, as these countries are procuring fighter jets from India. The Indian government was awarded $480 billion for the contract of Hindustan Aeronautics Limited (HAL) for manufacturing 83 Tejas fighter jets to be delivered by 2023. Therefore, the growing demand for new fighter jets in developing countries will drive the radome market.
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The radome market segments in the report are:
1) By Type: Shell Structure, Spherical Structure, Other Types
2) By Offering Type: Radome Body, Accessories, Services
3) By Application: Airborne Radome, Ground-Based Radome, Shipboard Radome
The table of contents in TBRC’s radome market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
.
- Competitive Landscape and Company Profiles
- Opportunities And Strategies
- Radome Market, Conclusions And Recommendations
- Appendix
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