Irving, TX -- (SBWire) -- 02/20/2017 --The global aerospace radome market is expected to reach $441.3 million by 2021. 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 $441.3 million by 2021 and it is forecast to grow at a CAGR of 3.6% by value from 2016 to 2021. The major drivers of growth for this market are increase in aircraft delivery and introduction of new aircraft programs
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North America is expected to remain the largest region due to high demand of newer aircraft and replacement of ageing fleet. Aircraft radome demand is directly proportional to aircraft delivery.
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Emerging trends, which have a direct impact on the dynamics of the industry, include improvements and innovations in existing products for increased efficiency, and collaboration between radome buyers and radome manufacturers to increase cost effectiveness such as usage of quartz fibre. Airbus, General dynamics, Saint Gobain, Meggitt, Nordam, and Orbital ATK are among the major suppliers of aerospace radome.
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The study includes a forecast for the global aerospace radome market by aircraft type, product type, material type, and region, as follows:
By Aircraft Type (Volume (in units) and Value ($ million) from 2010 to 2021):
-Commercial Aircraft
-Regional Aircraft
-General Aviation
-Helicopter
-Military Aircraft
By Product Type (Volume (in units) and Value ($ million) from 2010 to 2021):
-Nose Radome
-Other Radome
By Material Type (Value ($ million) for 2015):
-Quartz
-Glass Fibre
-Resin
-Other
By Region (Value ($M) shipment analysis from 2010 to 2021):
-North America
-Europe
-Asia Pacific
-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/toc/aerospace_radome_market_2016_2021.aspx or helpdesk@lucintel.com.
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The Global Aerospace Radome Market Is Expected to Reach $441.3 Million by 2021