by The air radar systems market comprises radar systems that are installed on aircraft for collision avoidance, weather detection, navigation aids, and threat detection. Airborne radars enable pilots to detect weather patterns, locate other aircraft and surface vessels, and guide weapons to their targets. They play a crucial role in military aviation by enhancing situational awareness and detecting hostile aircraft and missiles at long ranges. Advantages of airborne radars include all-weather target detection capabilities, high precision in tracking multiple targets simultaneously over long distances, and integration with weapons systems to deliver fire-control solutions. With increasing defense budgets and procurement of new-generation fighter jets globally, the demand for advanced airborne radars with multi-role capabilities is on the rise.
The global Air Radar Systems Market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the air radar systems market is the development of miniaturized radars with solid-state transmit/receive modules. Miniaturization allows multiple radar arrays to be installed on aircraft without significantly increasing weight or footprint. It also facilitates the integration of active electronically scanned array (AESA) radar technology, which provides major advantages like electronic beam shaping and true moving target indication compared to previous mechanically scanned array radars. Another notable trend is the increasing demand for Software Defined Radios (SDR) that provide programmable, multi-functional capabilities and allow radar systems to be rapidly modified, upgraded or repurposed via software changes. SDR facilitates the integration of new modes, signals and frequencies without hardware replacements.
Porter’s Analysis
Threat of new entrants: The aircraft radome market requires high R&D investments and established brand names, lowering the threat of new entrants.
Bargaining power of buyers: The presence of established aircraft manufacturers gives buyers higher bargaining power over suppliers in the global market.
Bargaining power of suppliers: Key players dominate the supply market, giving them significant bargaining power over buyers.
Threat of new substitutes: There are limited substitutes available for aircraft radomes due to stringent safety and stealth requirements.
Competitive rivalry: The global market is highly competitive due to the presence of major players continuously investing in R&D.
Key Takeaways
The Global Aircraft Radome Market Size is expected to witness high growth. The North American region currently dominates the market due to large aircraft fleet size and presence of major players in the US.
Regional analysis: North America is the fastest growing region in the global aircraft radome market. Majority of airline operators and aircraft OEMs are based in the US and Canada driving higher demand.
Key players: Key players operating in the aircraft radome market are General Dynamics, Airbus, Nordam, Saint-Gobain, Meggitt, Starwin Industries, Kitsap Composites, Orbital ATK, Jenoptik, Harris, Vermont Composites, Pacific Radomes, Royal Engineered Composites, AVIC, ATK, Kelvin Hughes, Raytheon, Leonardo, Ducommun, CPI. General Dynamics and Airbus have the largest market share in aircraft radome manufacturing.
