Global Radome Market: Key Highlights
Global Radome Market: Key Market Dynamics
Global Radome Market: Regional Overview
The Asia Pacific region is expected to achieve unprecedented long term growth in aviation. According to The International Air Transport Association (IATA), the Asia-Pacific region will boost the demand from 2015-2035 for the passengers in the market which will lead to an increase in the new aircraft business during forecast years. By 2024 China will have the world's largest market for aviation which would be more than the US. Furthermore, in November 2018 Airlines in the Asia-Pacific took 88 of the 177 commercial airliners delivered business which is a well ahead of European airlines.
According to the report of the International Air Transport Association (IATA) in 2037, Europe will grow by CAGR OF 2.0 % with the total market of 1.9 billion passengers. In the region, an internal flight is accounted for nearly 80% of the total traffic, where arrivals and departures accounted for 19%. In 2040, Europe the regulation and growth would have 16.2 million flights that will more than 53% of 2017 with an average growth of 1.9% per year over 2017-2040. In 2017, the region recorded broad traffic growth which is up to 10.6 million.
Global Radome Market: Key Players Overview
General Dynamics Corporation is a global aerospace and defense company that is organized in five different groups aerospace, marine system, information technology, mission systems, and combat system. The company manufacture and design the various type of radar system such as single and dual-band, low reflection radome for advantaging the performances. Furthermore, the multi-band radome provide cross-polarization bias and communication performance across X, Ku, K, and Ka-Bands for SATCOM applications. Furthermore, General Dynamics entered into a strategic agreement with Boeing for offering its wideband nose radome to the F-15 Modernization Program.
L3Harris Technologies, Inc. is a global aerospace and defense for a technology development company which provide the end to end solution to meet the demand for the customers. The company provides advanced commercial technological and defense technological for air, land, cyber domains and space. L3 Communications ESSCO Inc. is a Subsidiary of L3Harris Technologies, Inc. which is one of the world’s premier designers and manufacturers of ground-based radome, reflectors, and RF composite structures. Furthermore, in 2019 signed a joint venture agreement with Saudi Arabian Military Industries (SAMI) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects within the Kingdom of Saudi Arabia (KSA).
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