The global aerospace radome market experienced a good growth during the recent years. The market is expected to reach $441.3 million by 2021. The market is largely dependent on the aircraft deliveries. Lucintel’s analysis indicates that Original Equipment Manufacturers (OEMs) and component suppliers for aerospace radome players are anticipated to recognize that two scenarios exist for short-term and long-term business.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the aerospace radome market and presents its findings in “Growth Opportunities in Global Aerospace Radome Market: Market Size, Trend, Forecast and Opportunity Analysis: 2016-2021.” Manufacturers have patented proprietary technology and manufacture custom products based on specifications provided by customers. Only few large manufacturers have major market shares as the market is highly consolidated. Product differentiation is also low.
The report highlights the major challenges of the industry. The aerospace industry faces challenge as it requires high level of engineering. The learning curve is also very long and requires high level of education and huge amount of experience. Recently it has been observed that various new programs such as C919, A320 Neo, and A350 are being delayed which impacts negatively the aerospace radome market.
The study also focuses on the key drivers of the industry. A radome can get affected by external factors such as being hit by a bird as radome is the outer front part of the aircraft. Though a radome is high maintenance, there is a huge demand for it. New aircraft programs such as A320 Neo, A350, C919, and Bombardier C series are expected to drive the aerospace auxiliary power unit market in future.
A proper understanding of market size, cost structure, profitability analysis, trend forecast and growth opportunities in radome market is necessary to grab the opportunities from the market. The study provides up-to-date information on the market share, profit margins, capabilities and strategies of the leaders. It is designed to provide executives with strategically significant competitor information, data, analysis and insight, critical to the development and implementation of effective marketing and sales plan.
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