From GlobeNewswire: 2024-08-02 21:00:00

The Global Radome Market is projected to grow from USD 2.84 Billion in 2023 to USD 11.56 Billion by 2033, with a CAGR of 15.07% during the forecast period. Radomes protect radar antennas from the elements and are widely used in aerospace and defense. Factors driving market growth include increased air traffic, military modernization projects, and technological advancements.

The radome body segment is expected to hold the largest share of the market due to characteristics like lightweight construction, high durability, and adaptability in design. Glass fiber radomes are gaining popularity for their strength-to-weight ratio. The X-band segment is projected to grow at the fastest rate, offering high-resolution weather monitoring and accurate data.

The communication antenna segment is expected to have a significant market share, emphasizing the importance of communication antenna radomes for reliable communication systems. Asia Pacific is projected to lead the market due to the expanding aerospace sector, while Europe is expected to grow rapidly with a focus on safety and modernization in aviation. Key players in the market include Lockheed Martin Corporation, Raytheon Technologies, and BAE Systems.

Recent developments include Saint Gobain being awarded a contract to repair a radar and nose of an HC-144 aircraft. The market is segmented by type, application, and region, with detailed analysis provided for each segment. Spherical Insights & Consulting offers market research and consulting services aimed at providing actionable insights for decision-makers in various industries.



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