The Global Radar Absorbing Materials Market is expected to reach USD 1,325.4 Million in 2031

According to a recent market study published by Growth Market Reports, titled, “Radar Absorbing Materials Market” Radar Absorbing Materials Market is categorized as by Property (Magnetic, Dielectric, and Hybrid), by Technology( Resonant Absorbing, Circuit Analog RAM, Adaptive RAM, and others), by Material (Carbon, Metal, Conducting Polymer, and Others). The global radar absorbing materials market was valued at USD 664.2 Mn in 2022 and is expected to reach USD 1,325.4 Million in 2031, expanding at a CAGR of 8.3% during the forecast period.

As per Growth Market Reports industry analyst, “ The overall incremental opportunity is estimated to be USD 622.6 Million from 2023 to 2031. Radar Absorbing Materials (RAM) are typically used in the defense sector as a stealth mechanism. These materials reduce the energy reflection of the waves emitted by radar systems. The electromagnetic waves released are absorbed to an extent of 70% to 80%, resulting in low detectability of the object.

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Governments and military agencies of various countries are strengthening border security and surveillance. This in turn supports the market for radar absorbing materials. The global radar-absorbing materials market is projected to grow as a result of the rising usage of RAM in industries such as aerospace and military, electronics, and automotive, particularly in nations, including the US, China, Spain, and Russia, Thus driving the market.

Rising demand for uniforms made with radar absorbing materials is expected to create opportunities in the market. Radar absorber materials have applications in the defense sector. The defense sector budget for each country depends on its economy. Demand for radar-absorbing material is directly proportional to the amount of money allocated for the defense sector. The high defense budget of a country raises the demand for radar-absorbing materials. According to SIPRI Military Expenditure Database, the US military expenditure in 2021 was USD 801 billion while the expenditure in Spain and Brazil was USD 19.5 Bn and USD 19.2 Bn. Therefore, demand for radar absorbers in the US is expected to be higher than in Spain and Brazil.

The geographical environment has a significant impact on the demand for radar absorbing materials. Military conflicts lead to an increase in the demand for radar-absorbing material, as countries seek to improve their military capabilities. For instance, the ongoing conflicts in Syria and Yemen have resulted in increased demand for RAM to protect military equipment from radar detection. Furthermore, territorial disputes increase the demand for radar absorbing material. For instance, territorial disputes between China and Japan over Senkaku/Diaoyu islands have led to increasing demand for radar absorbing materials in both the countries, as they seek to improve their radar stealth capabilities.

Ongoing research and development is impacting the radar absorbing materials market. The capacity of RAM materials depends on a combination of magnetic and electrical losses. A good microwave absorbing material must meet the requirements of high reflection loss coefficient (RL), thinness, and light weight. Various studies focus on carbon-based materials, magnetic nanomaterials, ceramic materials, and other compounds. Advanced research and development lead to new and improved material developments that impact the market growth.

North America held a market share of 42.5% in 2022. The market in the region is expanding at a significant CAGR of 8.6%, owing to the high military expenditure of the US and Canada. According to International Institute for Strategic Studies, the US government spent USD 766.6 billion on military updates, outgrowing the combined spending of 10 nations, including China, Saudi Arabia, Russia, the UK, India, France, Japan, Germany, and South Korea.

The primary as well as secondary research methodology is used for keen observation and study about the brake cleaner market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analysed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affects businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual markets and an enhancement of existing dynamics and limitations. In the long term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, the reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

• The players include BAE Systems, Hexcel Corporation, Dupont, Parker Hannifin Corp, and Soliani Emc s.r.l. are among the key players that hold a major share of the market.

• Based on material, the market is categorized into carbon, metal, conducting polymer, and others

• The carbon segment is expected to hold a major share of the market, owing to its chemical, mechanical, and structural properties. Carbon fibers have high tensile strengths, optimum flexibility, and good electrical conductivity. These properties of carbon make it suitable for use in many applications, including electromagnetic shielding.

• Metals and metal oxides such as iron oxide, powdered iron, powdered aluminium, and copper have been utilized in radar-absorbing materials. Metals add to the weight of vehicles. Thus, manufacturers are shifting towards materials that are lightweight and more efficient than carbon and metals. Conducting polymers has been a promising option for radar-absorbing materials. The conductivity of the polypyrene powder is controlled to obtain RAM with low reflectivity.

• By End-use Based on end-use, the market is fragmented into military and commercial. Radar-absorbing materials are typically installed on military vehicles, such as aircraft, ships, submarines, and tanks. RAMs are used in combination with other stealth technologies, such as planar design and hidden engines, to make military aircraft difficult to detect. A fighter aircraft's radar cross-section is as tiny as a medium-sized bird with the proper design and application of stealth technologies. The use of RAM in ships is increasing. The size and shape of the warship play a crucial role in reducing radar cross-section. RAM does not make the ship completely invisible to the radar; however, it brings down the detectability of the ship. • Commercial applications of RAM commonly include areas where electromagnetic radiation is high. Thus, the commercial applications of RAM include EM interference shielding, reduction of reflected radiation from microstrip radiators, and nuclear power stations.

• By Property, Based on the property, the global radar absorbing materials market is segmented into magnetic, dielectric, and hybrid. The magnetic segment is anticipated to hold a major share of the market, followed by the dielectric segment. Magnetic materials commonly include ferrites of various composites, such as carbonyl ferrites or nickel powders. Magnetic absorbers improve impedance matching, broaden the range of adopting frequencies, and increase the attenuation coefficient. Magnetic RAM are heavy, as they have iron content; however, they have significantly less thickness. The thickness required for a magnetic RAM to obtain low-frequency coverage is down to 100 MHz. It is much less than one-tenth that of a dielectric absorber. Dielectric absorbers are typically made from carbon or materials such as rubber with other composites. These are mostly used in aircraft, owing to its lightweight.

• By Technology Based on technology, the market is segmented into resonant absorbing, circuit analog RAM, adaptive RAM, and others. The resonant RAM segment is further classified as Salisbury, jaumann, and dallenbach layer. The dallenbach segment holds a major share of the market, followed by the jaumann segment. This is attributed to the high efficiency of the dallencbach layer in terms of thickness. The thickness, permittivity and permeability of the coating layer are adjusted to minimize the reflectivity for a desired wavelength. The circuit analog is an advanced technology where the absorbers possess the capability of resistance as well as inductance that increases the radar absorbing capabilities. Circuit analog RAM are used to maximize bandwidth by controlling the impedance characteristics of the radar-absorbing material.

Report Scope:

Target Audience:

• Supply-side: Raw material suppliers and Manufactures

• Demand Side: Military and Commercial

• Regulatory Side: Concerned Government Authorities, and Other Regulatory Bodies