What is the future of Radome Market? Know Covid Impact on Size, Share & Forecasts
June 12, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Radome Market.
It was estimated prior to this unanticipated outbreak that the radome market will reach an estimated value of US$ 1.6 billion by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Surging commercial and regional aircraft production to support rising air passenger traffic, introduction of fuel-efficient variants of the best-selling aircraft programs (B777x, A320neo, etc.), and upcoming aircraft programs (COMAC C919, Irkut MC21, etc.) are creating a healthy demand for airborne radomes.
https://www.stratviewresearch.com/Request-Sample/583/radome-market.html
Radome Market Segment Insights:
By Offering Type:
Radome body is further bifurcated based on the material type glass fiber radome, quartz fiber radome, and other radomes; structure type as solid laminate, sandwich construction, and others; and as radome type as nose radome, SATCOM radome, and others. Radome body is likely to maintain its unassailable dominance in years to come, whereas services are likely to witness the highest growth.
By Application Type:
The ground-based radome market is further segmented into telecom tower, air traffic control (ATC), air defense radome, and ground vehicle. Similarly, the airborne radome market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and UAV and the shipborne radome market into commercial ships and military ships. Airborne radome is likely to remain the most dominant as well as the growing segment of the market in the coming five years. In airborne radome, commercial aircraft is anticipated to remain the growth engine in the foreseen future. UAV, a relatively small segment, is expected to generate impressive growth opportunities for the market participants in the coming years, mainly governed by the USA.
By Region:
North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American radome market. The country is the hub for the aerospace industry with the presence of several aircraft OEMs, tier players, radome manufacturers, and raw material suppliers. Most of the major radome manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is likely to depict the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the opening of assembly plants of Boeing and Airbus in China for B737, A320, and A330 aircraft programs. Upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ); rising aircraft fleet size; and increasing military spending by countries such as China and India further assure the region’s attractiveness in the long haul.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/583/radome-market.html
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176