The Radar Absorbent Material market is growing at a robust owing to the burgeoning adoption of RAM in commercial environments to lowers the scattering of radar from large buildings at airports, large wind turbines in order to curb interference problems to both civil and military radar systems. Besides this, the application of RAM is also propelling in various commercial products such as microwave food packaging which is fueling the market growth. Besides this, increasing investment for the development of textile-based metamaterial for radar absorption, upsurge in the demand for imaging equipment and modernization of the healthcare sector are projected to fuel the growth of the market in the forecast period.
Key questions answered in the study:
According to MarkNtel Advisors’ research report “Global Radar Absorbent Material Market Analysis, 2021”, the Global Radar Absorbent Material market is anticipated to grow at a CAGR of around 19% during 2021-26F. Based on Material, Conducting Polymers segment accounts for the considerable share in 2020 as these are environmental stable, easy availability and low cost. The application of conducting polymer is mostly in electronic product such as microwaves.
“Global Radar Absorbent Material Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Radar Absorbent Material providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Acquired the Majority Market Share
North America acquired the majority market share in the Global Radar Absorbent Material in 2019 due to burgeoning spending by the government in the defence sector and propelling demand for military aircraft. The US dominated the North America market. The factors driving the market are the burgeoning use of absorbing material in telecommunication and in consumer electronics such as antennas, car radios, mobile phones and increasing application in the various medical application such as imaging equipment in order to reduce electromagnetic radiation. Hence, this is fueling the growth of Radar Absorbent Material in the forecast period as stated in MarkNtel Advisors’ research report “Global Radar Absorbent Material Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Radar Absorbent Material market 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 Corp, Soliani EMC S.R.L etc.