The radome market is estimated at USD 1.7 billion in 2021 and projected to reach USD 3.3 billion by 2026, at a CAGR of 15.0% from 2021 to 2026. The radome market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The Advancements in composite materials technology for Radome structure, focus on the development of compact radome for UAV platforms, demand for technologically advanced radome systems for next-generation aircraft and significance of radomes in warfare are fueling the growth of the radome market.
Major manufacturers in this market are based in North America and Europe. General Dynamics (US), L3Harris Technologies (US), Cobham plc (UK), Jenoptik (Germany), Saint-Gobain (France) are among the key manufacturers that secured radome contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of communication and radar capabilities across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the radome market.
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General Dynamics is a global aerospace and defense organization that accounted for 100,000 employees as of January 2021. It is one of the leading defense contractors and operates through five business segments: aerospace, combat systems, information technology systems, mission systems, and marine systems. The aerospace segment of the company designs, manufactures, and outfits a comprehensive family of aircraft for the Gulfstream business. The combat systems segment designs, develops, and manufactures tracked and wheeled military vehicles, weapon systems, and munitions, while the shipboard systems segment undertakes these activities for subshipboards and surface ships. The information systems & technology segment provides critical technologies, products, and services. Geographically, it has major operations in North America and Europe. In April 2020, General Dynamics Mission Systems announced that it was selected by Northrop Grumman to complete qualification testing on previously designed wideband radomes. It aimed at providing additional wideband radomes for test and evaluation in support of the Active Electronically Scanned Array (AESA) radar upgrades for Air Force’s F-16 aircraft.
L3Harris Technologies (L3Harris) is an American technology company, defense contractor, and information technology services provider. It was formed as a result of the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019 and is expected to be the sixth-largest defense contractor in the world. It manufactures several products, including naval shipboard radomes, airborne radomes, submarine radomes, and high-precision composite reflectors used for critical antenna concealment. The company specializes in electronic system integration such as surveillance solutions, microwave weaponry, and electronic warfare, airborne ISR solutions. L3Harris Technologies, Inc. has taken various strategic initiatives to drive its growth, strengthen its operations, and increase its returns. L3Harris Technologies Inc. operates in a highly competitive market that is subject to rapid technological changes. Introducing products using new technologies or adopting new industry standards will make existing products or products under development obsolete or unmarketable. In this scenario, the company needs to innovate and introduce new products that continuously gain market acceptance to compete effectively.
Cobham plc is a technology and service provider operating as a unit of Advent International since January 2020. It is involved in the design, manufacturing, and research & development of a wide range of specialized systems, equipment, and components related to the defense, aerospace, electronics, and energy industries. It offers solutions for the air, space, land, and maritime platforms. Cobham plc is one of the major suppliers of connectivity systems to defense customers worldwide. The company provides airborne systems for fast jets, transport aircraft, and rotorcraft. It is focused on obtaining contracts to strengthen its position in the anti-jamming GPS and connectivity systems market. In September 2019, Cobham Antenna Systems was awarded a contract from Embraer S.A. (Brazil) to design and manufacture nose radomes for the KC-390 military transport aircraft developed for the Brazilian Air Force.
Radome Market by Platform(Ground, Airborne, Naval), Application(Radar, Sonar, Communication Antenna), Frequency(HF/UHF/VHF-Band, L- Band, S-Band, C- Band, X- Band, KU- Band, KA- Band, Multi-Band), Offering, and Region - Global Forecast to 2026
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