The radar absorbing material market is growing on account of rising demand of stealth aircraft followed by technological advancement in electronics and communication technologies to reduce visibility from radar. Booming aerospace, healthcare, automation, electronics, and other end-user industries are likely to augment the market growth in the forecasting period. In addition to this, increasing investment in national defense and security by the government is boosting market growth. Rising demand of imaging equipment from the healthcare sector is also expected to boost the market growth. Moreover, growing demand for unmanned aircraft in commercial, military and civil sectors is further fueling the RAM market growth.
As per the latest report by Value Market Research, 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%.
BY TYPE, MAGNETIC EMERGED AS LEADING SEGMENT
Magnetic dominated the segment owing to high potential to compress the wavelength is primarily driving the segment growth. As per the analysis, magnetic is expected to reach USD XX.X million by end of 2024. Superior properties such as high permeability and magnetic loss are further fueling the segment growth.
IMPEDANCE MATCHING DOMINATED THE TECHNOLOGY SEGMENT
In 2017, impedance matching led the technology segment owing to better ability to produce low reflectivity is driving the segment growth. Impedance matching is likely to continue the dominance and reach USD XX.X million by 2024 end.
CARBON LED THE MATERIAL SEGMENT
On the basis of material, carbon emerged as the leading segment and is presumed to reach USD XX.X million by end of the year 2024. Excellent properties such as an ability to withstand high temperature, UV resistant and resist the growth of mold under damp condition are driving the segment growth.
MILITARY DOMINATED THE APPLICATION SEGMENT
Military has emerged as a dominating segment owing to rising demand of unmanned aircraft from the military sector is fueling the segment growth. As per the analysis, it is projected that the segment will reach USD XX.X million by end of 2024.
NORTH AMERICA DOMINATED THE REGIONAL MARKET
Geographically, North America led the market owing to rising investment in research & development activities especially in the U.S. is driving the market. As per the analysis it is estimated that it will reach USD XX.X million by end of 2024
KEY PLAYERS OF THE MARKET
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 are the major players of radar absorbing materials market.
As per this study, the global radar absorbing material market was valued USD XXX.X MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of XX.X%.
Radar absorbing material (RAM) is a specialized class of materials specially designed to reduce radar cross-section and absorb electromagnetic radiation. This results in minimum reflection of waves and thus, reduces visibility from radar. RAM refers to a material made from resistive and magnetic high-performance polymers that reduces scattering of electromagnetic waves. These are generally applied on the surface to reduce chances of detection by radar. It is extensively used in military & defense, communications, electronic, and the healthcare sector.
Rising demand of stealth aircraft followed by technological advancement for production of new material to reduce visibility from the radar is driving the market growth. Booming end-use industries such as aerospace, healthcare, automation, electronics and others are likely to augment the market growth in forecasting period. Additionally, rising governmental investment in the betterment of national defense and security is another trait fueling the market growth. Rising demand for imaging equipment from the healthcare sector is also expected to boost the market growth. Moreover, High demand for unmanned aircraft in commercial, military and civil sectors is fueling the RAM market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of radar absorbing material.
The broad radar absorbing material market has been sub-grouped into type, technology, material and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type Market Share 2019
- 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
- Metal and Metal Particle
- Conducting Polymers
- Other Conducting Polymer
- Tubules And Filaments
- Chiral Materials
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for radar absorbing material in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Radar Absorbing Material Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the radar absorbing material market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.