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Radar Absorbing Material Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 367 | Report ID: MRS1057


Report Description

The global Radar Absorbing Material market size is estimated at USD 468.1 million in 2020, expanding at a CAGR of 3.9% from 2021-2027.

Market Dynamics

Radar Absorbing Material is a class of polymer-based material that absorb electromagnetic energy and convert that energy into heat or any other forms to reduce the radar cross-section and thereby make them harder to detect by radar. The technology is mainly used for military applications such as land, air, and sea vehicles. It has been used at airports and in wind turbines to reduce radar scattering.

Technological advancements in electronics and communication technologies are estimated to boost the consumption of radar-absorbing materials. In addition, increasing urbanization, power sector development, and rising investments coupled with high government support in the defense sector for the development of new equipment and technology drive the market growth during the forecast period. However, the high cost of the equipment may likely hamper the market growth during the forecast period.

Based on Type, the market is bifurcated into Magnetic, Dielectric, and Hybrid. The Magnetic segment is estimated to hold the largest market share during the forecast period owing to the high potential to compress the wavelength.

Based on Technology, the market is segmented into Impedance matching, Resonant Absorbers, Circuit Analog RAM, Magnetic RAM, and Adaptive RAM. The Impedance matching segment witnessed the largest market share during the forecast period due to its better ability to produce low reflectivity.

Based on material, the market is bifurcated into Carbon, Polypyrrole, Polyaniline, Shielding, Metal, and Metal Particle, Conducting Polymers, Tubules and Filaments, Chiral Materials, and Others. The Carbon segment is projected to hold the largest market share in the Radar Absorbing Material market during the forecast period due to its excellent properties such as its ability to withstand high temperature and UV resistance.

Based on Application, the market is bifurcated into Military and Defence, Aerospace and Aviation, Electronics and Communications, Automation, Industrial, Healthcare, and Others. The Military and Defence segment is projected to hold the largest market share in the Radar Absorbing Material market during the forecast period owing to the rising demand for unmanned aircraft from the military sector.

Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to rising investment in research & development activities especially in the United States fuel the market growth during the forecast period.

Some of the prominent players are 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 Corporation, Soliani EMC S.R.L, and Hitek, among others.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of the Radar Absorbing Material Market by type, technology, material, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Arc Technologies Inc.
  • BAE Systems Plc
  • Cuming Microwave Corporation
  • Eeonyx
  • Laird Technologies Inc.
  • S.M. Industries Inc.
  • Mast Technologies
  • Micromag
  • MWT-Materials Inc.
  • Panashield
  • Parker Hannifin Corporation
  • Soliani EMC S.R.L
  • Hitek

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Magnetic
  • Dielectric
  • Hybrid

Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Impedance matching
  • Resonant absorbers
  • Circuit Analog RAM
  • Magnetic RAM
  • Adaptive RAM

Material Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

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

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Military and Defence
  • Aerospace and Aviation
  • Electronics and Communications
  • Automation
  • Industrial
  • Healthcare
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Radar Absorbing Material market size is estimated at USD 468.1 million in 2020, expanding at a CAGR 3.9% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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