Rise in Technological Advancement to Push the Radar Absorbing Material Market CAGR to 18.5% between 2018 and 2024

Posted On September 14, 2018     

Value Market Research in its recent publication presents an exclusive analysis on the Global Radar Absorbing Material Market. The main objective of this report is to offer exhaustive analysis and provide insights on the radar absorbing material. To offer a better understanding of the market, the report has been complied with various market aspects such as trends, drivers, restraints and their impact on the market dynamics. The study reveals that the global radar absorbing material market was valued USD 324.5 MN (by revenue) in 2017 and is anticipated to reach USD 1,100.3 MN by 2024 with a CAGR of 18.5%.

Radar is a sensitive detection equipment which is used to reduce microwave reflection. Radar absorbing materials (RAM) are made up of resistive and/or magnetic materials. The best thing about the radar absorbing material is that it can be designed and operated at any frequency within the electromagnetic spectrum. They can be broadly classified into impedance matching and resonant absorbers.

The historical as well as forecast data is available in the report titled Global Radar Absorbing Material Market Report is segmented By Type (Magnetic, Dielectric And Hybrid), Technology (Impedance Matching, Resonant Absorbers, Circuit Analog RAM, Magnetic RAM, Adaptive RAM), Material (Carbon, Metal And Metal Particles, Conducting Polymers, Polypyrrole, Polyanaline, Other Conducting Polymer, Tubules And Filaments, Chiral Materials And Shielding), End-User (Military, Communications, Industrial, Automation, Electronics, Healthcare And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2017-2024”. The report explicitly mentions all the key market figures which will assist is strategic decision at all levels in the industry.

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Technically, RAM helps to reduce the level of electromagnetic energy reflected, or scattered, from its surface and have been traditionally used in the military area to reduce the magnitude of the radar cross section of various platforms, including air, sea, land, and vehicles.  But now innovation and advancement in technology have widened its application in civil as well as the commercial area.  Currently, they are used to reduce the reflection of radar from huge buildings at airports, which can disturb with civil aviation radar systems. They are also used to reduce radar scattering from large wind turbines, which can actually create a disturbance to both civil and military radar systems. Other application areas of RAM include microwave food packaging area where radar can help food to turn brown during the cooking process by absorbing microwave energy and re-radiating it as infrared radiation.
Rising technological innovation in terms of electronic and communication technology is fueling the consumption of radar absorbing materials. Further, the rise in investment on defense system by government and ever-growing demand for finished electronic goods will continue to propel the growth of the radar absorbing materials market over the forecast period. Taxes imposed on raw material and finished goods of radar absorbing material is the only factor that can impede the market growth.

In order to study the insight on the opportunity assessment of the global Radar Absorbing Material, the market has been segmented on the basis of type, technology, material, end-user, and region. Based on the type, the market has been classified into magnetic, dielectric, and hybrid. Out of which, the magnetic type is dominating the segment owing to rising application in reducing crosstalk issues and in damping of cavity resonance. On the basis of technology, the radar absorbing material market is divided into impedance matching, resonant absorbers, circuit analog RAM, magnetic RAM and adaptive RAM. Impedance matching is further segmented into pyramidal absorbers, tapered loading absorbers, and matching layer absorbers. And resonant absorbers is sub-segmented into Jaumann Layers, Dallenbach Layer, and Salisbury Screen. Among which, impedance matching is leading the segment owing to its superior property to produce low refractivity, thereby raising its demand across the various end-user industry. On the basis of material, the radar absorbing material market is segmented into carbon, metal & metal particles, conducting polymers, polypyrrole, polyanaline, other conducting polymers, tubules & filaments, chiral material, and shielding. The carbon material is dominating the segment. By end-user, the market is divided into military, communication, industrial, automation, electronics, healthcare and other. The military is dominating the segment owing to rising demand for unmanned aircraft from the military sector. Regarding geography, the global radar absorbing material market has been evaluated across five key regions including, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is leading the market owing to ongoing extensive research & development activities in the U.S.

The Report Segments Global Radar Absorbing Material Market -
By Type

  • Magnetic
  • Dielectric
  • Hybrid

By Technology

  • Impedance Matching
  • Pyramidal Absorbers
  • Tapered Loading Absorbers
  • Matching Layer Absorbers
  • Resonant Absorbers
  • Jaumann Layers
  • Dallenbach Layer
  • Salisbury Screen
  • Circuit Analog RAM
  • Magnetic RAM
  • Adaptive RAM

By Material

  • Carbon
  • Metal and Metal Particle
  • Conducting Polymers
  • Polypyrrole
  • Polyanaline
  • Other Conducting Polymer
  • Tubules And Filaments
  • Chiral Materials
  • Shielding

By End-User

  • Military
  • Communications
  • Industrial
  • Automation
  • Electronics
  • Healthcare
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Players Profiled In The Report:
Arc Technologies, Inc., BAE Systems Plc, Cuming Microwave Corporation, Eeonyx, Laird Technologies, Inc., M.S.M. Industries, Inc., Mast Technologies, Micromag, MWT-Materials, Inc., Panashield, Parker Hannifin Corp and Soliani EMC S.R.L

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