General Dynamics (US), L3 Technologies (US), Orbital ATK (US), NORDAM (US), TenCate Advanced Composites (US), and Royal Engineered Composites (US) are the Key Players Operating in the Radome Market.
Radomes are made of advanced composite materials that minimally attenuate the electromagnetic signals transmitted or received by antennas, and are effectively transparent to radio waves. The radome market is projected to grow from an estimated USD 1.45 Billion in 2018 to USD 1.83 Billion by 2023, at a CAGR of 4.78% from 2018 to 2023. The North America radome market is driven by factors, such as rapid in the rise in the number of aircraft orders. The growth of the Asia Pacific radome market can be attributed to the rise in disposable incomes and resulting increase in air travel.
General Dynamics (US), L3 Technologies (US), Orbital ATK (US), NORDAM (US), TenCate Advanced Composites (US), and Royal Engineered Composites (US) are the key players operating in the radome market. These market players have been focusing on securing contracts to ensure organic growth in the radome market. The core competencies of these market players include their widespread geographical presence and increasing investments in R&D activities.
General Dynamics Corporation (US) is one of the leading companies developing and designing radomes for commercial and military applications, including aircraft nose, wing, tail, fuselage, and pods. Radome applications include fire control, weather, data link, SATCOM, electronic counter-measures, electronic warfare, and other specialized uses. The company believes in establishing brand identity through a commitment to reliability and efficiency of products and processes to achieve maximum customer satisfaction. For instance, in 2014, General Dynamics signed an agreement with the Boeing company to introduce a new radome (Tri-band), which is expected to support Ku and K/Ka wideband commercial satellite communications.
L3 ESSCO, a subsidiary of L3 Technologies (US) is another player in the radome market. The company focuses on contracts through extensive R&D activities and has a wide product portfolio of radomes. The company’s next-generation innovation and strategic investments, coupled with their strong product portfolio are expected to lead to their robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business divisions. A significant component of its strategy is to focus on program execution by improving the quality and predictability of the delivery of its products and services. For instance, in 2015, L3 ESSCO launched the new Durashed Radome which is made up of Ultra-High Molecular Weight Polyethylene (UHMWPE) material.
Related Reports:
Radome Market by Offering (Product (Radome Body, Accessories), Service), Application (Ground (Ground Vehicle, Telecom Towers, ATC, Air Defense), Airborne (Commercial, Military, UAV), Shipboard (Commercial, Military), & Region - Global Forecast to 2023
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Radome Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
