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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Radome Market In-Depth Analysis and Industry Revenue Details, 2018-2023

 Radomes are made of advanced composite materials that minimally attenuate the electromagnetic signals transmitted or received by antennas, and are effectively transparent to radio waves. The radome market is projected to grow from an estimated USD 1.45 Billion in 2018 to USD 1.83 Billion by 2023, at a CAGR of 4.78% from 2018 to 2023. The North America radome market is driven by factors, such as rapid in the rise in the number of aircraft orders. The growth of the Asia Pacific radome market can be attributed to the rise in disposable incomes and resulting increase in air travel.


The introduction of the plasma radome technology for space-based antennas, advanced composite materials for aircraft radomes, and crystal technology for radomes in the aviation industry are expected to contribute to the growth of the radome market during the forecast period.

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Based on offering, the product radome body segment is expected to lead the radome market during the forecast period. The radome body comprises composite materials, such as, glass-fiber, quartz, Kevlar, etc., Other types of materials are PTFE-coated fabric, aramid fibers, alumina, Pyroceram 9606, slip cast fused silica, etc. Foam and honeycomb cores are often added between inner and outer surfaces of radomes to provide low dielectric constant spacer materials and structural strength.

Based on application, the airborne platform UAV segment of the radome market is projected to witness the highest growth during the forecast period. Unmanned Air Vehicles (UAVs) have become an integral part of modern surveillance systems. Unmanned Combat Air Vehicles (UCAVs) are also being increasingly adopted by armed forces around the world.

The North America region is expected to lead the radome market during the forecast period from 2018 to 2023

The North America region is expected to lead the radome market during the forecast period due to high demand for newer aircraft and replacement of aging fleets. Rising military upgrades, such as the purchase of unmanned aerial vehicles, and innovative military jets are expected to lead to the rise in demand for the radome in North America during the forecast period.

Major companies profiled in the radome market report are General Dynamics (US), L3 Technologies (US), Orbital ATK (US), and NORDAM (US), among others.

General Dynamics Corporation (US) is one of the leading companies developing and designing radomes for commercial and military applications, including aircraft nose, wing, tail, fuselage, and pods. Radome applications include fire control, weather, data link, SATCOM, electronic counter-measures, electronic warfare, and other specialized uses. The company believes in establishing brand identity through a commitment to reliability and efficiency of products and processes to achieve maximum customer satisfaction. For instance, in 2014, General Dynamics signed an agreement with the Boeing company to introduce a new radome (Tri-band), which is expected to support Ku and K/Ka wideband commercial satellite communications.

L3 ESSCO, a subsidiary of L3 Technologies (US) is another player in the radome market. The company focuses on contracts through extensive R&D activities and has a wide product portfolio of radomes. The company’s next-generation innovation and strategic investments, coupled with their strong product portfolio are expected to lead to their robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business divisions. A significant component of its strategy is to focus on program execution by improving the quality and predictability of the delivery of its products and services. For instance, in 2015, L3 ESSCO launched the new Durashed Radome which is made up of Ultra-High Molecular Weight Polyethylene (UHMWPE) material.

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