Market Size of Aircraft Radome Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.39 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Radome Market Analysis
The Aircraft Radome Market was valued at USD 475 million in 2020, and it is projected to reach USD 818 million by 2026, registering a CAGR of 7.39% during the forecast period (2021-2026).
There was a slump in demand for commercial aircraft in 2020 due to the COVID-19 pandemic. With the global passenger traffic estimated to take 2-3 years to fully recover, the demand for commercial aircraft is expected to be less in the first half of the forecast period, which is expected to hamper the demand for commercial aircraft radomes during the forecast period.
The demand for radomes from the business jets segment is expected to recover faster than the commercial aviation sector, as the business jet demand is projected to recover earlier as compared to the commercial aircraft. On the other hand, with the military aircraft demand showing resilience compared to the commercial and general aviation segments, the demand for radomes from the military segment showcased growth even in 2020.
With the demand for more efficient radomes, manufacturers are expected to invest in new materials for radomes. The demand for aircraft radome with quartz fiber is increasing from both the commercial and the military end-users across the globe. The development of newer generation AESA radars in military aircraft is also expected to drive the development of radomes with better capabilities.
