According to a new market report published by Lucintel, the future of the global aerospace radome market
looks good with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The global aerospace radome market is expected to reach an estimated $441.3 million by 2021 and it is forecast to grow at a CAGR of 3.6% by value from 2016 to 2021. The major drivers of growth for this market are increase in aircraft delivery and introduction of new aircraft
In this market, major segments include commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. On the basis of its comprehensive research, Lucintel forecast that the military aircraft radome segment is likely to experience the highest growth during the forecast period.
Within the aerospace radome market, nose radome is expected to remain the largest market by product type over the forecast period as all the type of aircraft has a nose radome.
North America is expected to remain the largest region due to high demand of newer aircraft and replacement of ageing fleet. Aircraft radome demand is directly proportional to aircraft delivery.
Asia Pacific is expected to witness highest growth over the forecast period because of increase in aircraft deliveries. Rapid expansion of domestic airlines leads to increase in demand for more aircraft.
For business expansion, this Lucintel report suggests innovation and new product development to manufacture radomes that support K, Ka and Ku tri bands for better inflight entertainment and communication. The report further suggests development of partnerships with customers to create win-win situations and development of cost effective solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include improvements and innovations in existing products for increased efficiency, and collaboration between radome buyers and radome manufacturers to increase cost effectiveness such as usage of quartz fibre. Airbus, General dynamics, Saint Gobain, Meggitt, Nordam, and Orbital ATK are among the major suppliers of aerospace radome.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace radome market by aircraft type, product type, material type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Aerospace Radome Market 2016-2021: Trends, Forecast, and Opportunity Analysis
.” This Lucintel report serves as a springboard for growth strategy because it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace radome market by aircraft type, product type, material type, and region, as follows:
By Aircraft Type (Volume (in units) and Value ($ million) from 2010 to 2021):
By Product Type (Volume (in units) and Value ($ million) from 2010 to 2021):
By Material Type (Value ($ million) for 2015):
By Region (Value ($M) shipment analysis from 2010 to 2021):
Rest of the World
This 116-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/aerospace_radome_market_2016_2021.aspx
or email@example.com. About Lucintel
Lucintel, the premier global Management Consulting
and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting
, M&A, and Due diligence
services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com. This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global aerospace radome market by aircraft type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military aircraft), by product (Nose radome and Other radome), by material (Quartz, Glass fiber, Resin, and Other), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which product segment will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.11 What M&A activity has occurred in the last 5 years?