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Market Overview of Global Radomes market:
According to our latest research, the global Radomes market looks promising in the next 5 years. As of 2022, the global Radomes market was estimated at USD 2089.7 million, and it's anticipated to reach USD 4845.75 million in 2028, with a CAGR of 15.05% during the forecast years.
Radomes are structures or enclosures designed to protect an antenna and associated electronics from the surrounding environment and elements such as rain, snow, UV light, and strong wind. The name "radome" is derived from the words radar and dome.
Radome enhances the pointing accuracy of antenna systems by offsetting negative impacts of UV degradation, wind load, or build-up of snow and ice. The key functionality of these structures is to extend the system's ability to perform under adverse conditions while creating a safe working environment.
From the production situation of radome industry products, it is more difficult to produce. It is mainly the shortage of upstream materials and enterprises' employment, and the price of raw materials of radome industry products is also facing the price increase. It can be seen that this epidemic situation is extremely unfavorable to the development of radome industry.
In the face of this epidemic situation, the main countermeasures that enterprises in all links of radome industry chain need to take are to pay attention to the epidemic situation and industrial information trends in real time, and make overall arrangements for all work according to the situation. Enterprises should also pay attention to equipment maintenance, personnel organization and management and other aspects of production preparation.
Political Factors
The peace and development of mankind are still facing challenges that cannot be ignored. The unfair and unreasonable old international political and economic order has not been fundamentally changed, and local wars, tensions and turbulence have been one after another. Non-traditional security issues such as terrorism have become more prominent, and uncertainties in global security have increased.
Threat of New Entrants
With the development of society and the continuous progress of science and technology, radome industry attracts much attention. Radome is a structure that protects radar antenna from external environment. Radome needs to have excellent electromagnetic wave permeability, high and low temperature resistance, impact resistance, corrosion resistance, radiation resistance, aging resistance and other characteristics, which can be applied in complex environments and maintain reliability and service life.
Radome technology integrates many disciplines, and the industry has high technical barriers to entry. Radome can be used in the fields of surveillance, weather radar, aerospace, military and civil radar, etc. New entrants need a certain amount of technology and experience, and the threat of new entrants is low.
Substitutes Threat
Radome is a soft dielectric shell used to protect the antenna. Avoid possible damage to the antenna in various harsh environments. For example, the radome of a large antenna used on the ground can reduce wind resistance and avoid the accumulation of snow and ice, and it is usually in the shape of a spherical shell. For airborne and missile-borne platforms, in order to reduce the air resistance, a tapered radome must be required.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (33.86% in 2022).
Company Overview:
Saint-Gobain is one of the major players operating in the Radomes market, holding a share of 8.92% in 2022.
Saint-Gobain
Saint-Gobain is the world's leading producer of engineered high performance polymer products for virtually every industry around the globe, including automotive, medical, pharmaceutical, chemical, food, beverage, airline, truck manufacturing, appliances, construction, and microelectronics.
General Dynamics
General Dynamics is a global aerospace and defense company, offer a broad portfolio of innovative products and services in business aviation; combat vehicles, weapons systems and munitions; IT and C4ISR solutions; and shipbuilding and ship repair.
Segmentation Overview:
Among different product types, Shell Structure segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Ground-Based Radomes, with a market share of 46.52% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Radomes market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Radomes Market Report:
Market Size Estimates: Radomes market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Radomes market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Radomes market
Segment Market Analysis: Radomes market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Radomes market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Radomes Market: Revenue and sales volume of major countries in each region
Radomes Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Radomes market in major regions.
Radomes Industry Value Chain: Radomes market raw materials & suppliers, manufacturing process, distributors, downstream customers
Radomes Industry News, Policies & Regulations
Key players in the global Radomes market are covered in Chapter 12:
Ineo Defense
Harbin Topfrp Composite
General Dynamics
ATS
Lufthansa Technik
ESSCO(CPI)
Saint-Gobain
Nordam
Meggitt PLC
Cobham
Infinite Technologies
Jenoptik
California Radome
Astronics
CSZH
Royal Engineered Composites
AVIC
Raytheon
Polish Radome Service
FDS
In Chapter 2 and Chapter 15.1, based on types, the Radomes market from 2018 to 2028 is primarily split into:
Shell Structure
Spherical Structure
Others
In Chapter 3 and Chapter 15.2, based on applications, the Radomes market from 2018 to 2028 covers:
Airborne Radomes
Ground-Based Radomes
Shipboard Radomes
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Radomes market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028