NEW YORK, Dec. 12, 2016 /PRNewswire/ -- Opportunities identified by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft), by product type (nose radome, other radome), by material type (quartz, glass fibre, resin, other), by region (North America, Europe, Asia Pacific, Rest of the World)
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.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 $441.3 million by 2021 and it is forecast to grow at a CAGR of 3.6% by value from 2016 to 2021. The major drivers of growth for this market are increase in aircraft delivery and introduction of new aircraft programs.
In this market, major segments include commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. On the basis of its comprehensive research, Lucintel forecast that the military aircraft radome segment is likely to experience the highest growth during the forecast period.
Within the aerospace radome market, nose radome is expected to remain the largest market by product type over the forecast period as all the type of aircraft has a nose radome.
For business expansion, this report suggests innovation and new product development to manufacture radomes that support K, Ka and Ku tri bands for better inflight entertainment and communication. The report further suggests development of partnerships with customers to create win-win situations and development of cost effective solutions for customers. This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's challenging economy, you need every advantage that you can find.
Scope and Features of This Report: To make critical business, investment, or strategic decisions, you need timely useful information. This market report fulfills this core need and is an indispensable reference guide for material suppliers, product manufacturers, investors, executives, distributors, and more that operate in this market.
Some of the features and scope of this report include the following:
o Market size estimates: Growth opportunities in the global aerospace radome market in terms of value ($ Mil) and volume (units) shipment
o Trend and forecast analysis: Global aerospace radome market trend (2010-2015) and forecast (2016-2021) by region and segment
o Segmentation analysis: Global aerospace radome market size from 2010 to 2021 by aircraft type, product type, and by material type as follows:
Global aerospace radome market size by aircraft type:
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Military Aircraft
Global aerospace radome market size by product type:
- Nose Radome
- Other Radome
Global aerospace radome market size by material type:
- Glass Fibre
o Regional analysis: Global aerospace radome market breakdown by key regions of North America, Europe, Asia Pacific and the Rest of the World
o Growth opportunities: Analysis on growth opportunities in different aircraft, product, and material, and regions.
o Strategic analysis: This includes M&A, new product development, and competitive landscape of global aerospace radome market suppliers.
o Emerging applications: Emerging applications of the radome in the global radome market.
o Analysis of the competitive intensity of the industry based on Porter's Five Forces model
Who Can Benefit From This Report?
This study is intended for senior level executives, sales, marketing, and business development professionals at various nodes of the value chain of this market. Multi-client market studies are used by small to multi-national Fortune 500 companies and utilized for a variety of reasons:
- Business development
- Strategic planning
- Business presentation
- Determination of market size and trends
- Competitive analysis
- Resource and inventory management
- Investment decisions
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the raw material suppliers in global aerospace radome market are Saint-Gobain, Park electrochemical, Cytec Engineered, Materials Inc., Hexcel, and others. Some of the aerospace radome manufacturers in this market are Airbus, General Dynamics Ordnance and Tactical Systems, Saint-Gobain, Meggitt Polymers and Composites, and others. These companies manufacture nose radome and other radome.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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