The future of the global radar absorbing material market looks promising with opportunities in the military and commercial markets. The global radar absorbing material market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing interest in stealth aircraft, technological developments in electronics to reduce radar visibility, and increasing demand from the military, commercial, and civilian sectors for unmanned aircraft.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the radar absorbing material
market by product type (magnetic, dielectric, and hybrid), technology (resonant
absorbing, circuit analog ram, adaptive ram, and others), material (carbon,
metal, conducting polymer, and others), end use industry (military and commercial),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
magnetic, dielectric, and hybrid are the major segments of radar absorbing
material market by product type.
Lucintel forecasts that
magnetic will remain the largest segment over the forecast period because of
its superior qualities including high magnetic loss and permeability, and it
requires just tenth the thickness of dielectric absorbers in order to reduce
the radar cross-section (RCS) by the same amount.
Within this market,
military will remain the larger segment because the radar-absorbing structures
and materials are applied to aircraft surfaces, such as, the us air force's
f-117 nighthawk.
North America will
remain the largest region over the forecast period due to greater investments
made by the nations in this region in electronic and communication technology,
as well as, rising investment in research & development activities in
united states.
Bae Systems, Hexcel
Corporation, Dupont, Parker Hannifin, Soliani Emc, Eeonyx Corporation, and Mast
Technologies are the major suppliers in the radar absorbing material market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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