Market Overview:
The global magnetic radar absorbing material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for radar absorbing materials from the military and commercial sectors. In terms of type, the film segment is expected to lead the global magnetic radar absorbing material market during the forecast period. This can be attributed to its high absorption capacity as compared to other types of materials available in the market.
Product Definition:
A material that can be used to coat or form objects in order to reduce their radar reflection properties. Magnetic radar absorbing materials (MRAMs) are a specific type of RAM that can also be used to absorb electromagnetic radiation in the microwave and radio frequency ranges. This makes them useful for military applications such as stealth technology and electronic warfare.
Film:
Film is a thin layer of magnetic material which can be made from any material such as iron, nickel, cobalt or copper. It's major application includes in Magnetic Radar Absorbing Material (MRAM) market. MRAM has the ability to change its magnetism based on applied voltage and also retain its memory at low power supply.
Sheet:
Sheet is a thin metal or plastic-coated paper. It is used in Magnetic Radar Absorbing Material (MRAM) to improve its magnetic properties. MRAM with sheet structure has better hysteresis and Curie temperature than traditional MRAM, thus making it suitable for use in applications such as hard drives where data retention is important.
The key driver of the market for sheet.
Application Insights:
The military application segment led the global market and accounted for more than 54% share of the overall revenue in 2017. The growth is attributed to increasing adoption of this technology for tracking and mapping targets, as well as, enhancing situational awareness in battlefields. Moreover, governments are investing heavily in research & development activities to enhance performance characteristics such as range resolution and detection capabilities. This is expected to drive demand over the forecast period.
Commercial applications include transportation systems where magnetic radar absorbing materials are used on commercial vehicles such as buses or trucks so that they do not cause any interference with electronic equipment installed on these vehicles.
Regional Analysis:
North America dominated the global market in 2017. The U.S. is one of the prominent consumers of magnetic radar absorbing materials in North America owing to high demand from various end-use industries, such as aerospace and defense, automotive, and industrial machinery among others.
The presence of key aircraft manufacturers such as Boeing Co., Lockheed Martin Corporation has fueled the demand for MRA products in this region over the past few years; thereby driving their growth across all applications segments including military & defense and commercial sectors. In addition, increasing R&D activities by industry players to develop advanced MRA products are expected to drive regional growth over next eight years.
Asia Pacific is anticipated to witness significant CAGR during the forecast period on account of rapid development witnessed by emerging economies like India and China among others due to strong economic performance coupled with government support for infrastructure development projects which require use magnetic materials for manufacturing equipment components or vehicles body parts etc.).
Growth Factors:
- Increasing demand for stealth aircrafts in the military sector is expected to drive the growth of magnetic radar absorbing material market.
- The increasing use of radar systems in various applications such as automotive, aerospace, and defense is also anticipated to fuel the growth of this market over the forecast period.
- Growing concerns regarding personal security and safety are projected to boost the demand for radar absorbing materials across different industries over the next few years.
- Rising investments by key players in research and development activities for developing innovative products is likely to propel the growth of magnetic radar absorbing material market in near future.
- Growing awareness about benefits offered by these materials is expected to create new opportunities for this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Radar Absorbing Material Market Research Report
By Type
Film, Sheet, Paint, Others
By Application
Military, Commercial
By Companies
MWT Materials, Hexcel Corporation, Soliani EMC, Parker Hannifin, Bae Systems, Mast Technologies, Hitek, CFOAM LLC, Cuming Microwave Corporation, MSM Industries, MWT Materials, Micromag, Soliani EMC S.R.L
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Radar Absorbing Material Market Report Segments:
The global Magnetic Radar Absorbing Material market is segmented on the basis of:
Types
Film, Sheet, Paint, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MWT Materials
- Hexcel Corporation
- Soliani EMC
- Parker Hannifin
- Bae Systems
- Mast Technologies
- Hitek
- CFOAM LLC
- Cuming Microwave Corporation
- MSM Industries
- MWT Materials
- Micromag
- Soliani EMC S.R.L
Highlights of The Magnetic Radar Absorbing Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Film
- Sheet
- Paint
- Others
- By Application:
- Military
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Radar Absorbing Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnetic Radar Absorbing Material (MRAM) is a material that can be used to detect objects and signals. MRAM is made up of small, magnetic particles that can be magnetized in different directions. When an object or signal comes into contact with the MRAM, it will cause the particles to become aligned in one direction. This allows the MRAM to detect the object or signal more easily than traditional materials
Some of the major players in the magnetic radar absorbing material market are MWT Materials, Hexcel Corporation, Soliani EMC, Parker Hannifin, Bae Systems, Mast Technologies, Hitek, CFOAM LLC, Cuming Microwave Corporation, MSM Industries, MWT Materials, Micromag, Soliani EMC S.R.L.
The magnetic radar absorbing material market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Radar Absorbing Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magnetic Radar Absorbing Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Radar Absorbing Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magnetic Radar Absorbing Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magnetic Radar Absorbing Material Market Size & Forecast, 2018-2028
4.5.1 Magnetic Radar Absorbing Material Market Size and Y-o-Y Growth
4.5.2 Magnetic Radar Absorbing Material Market Absolute $ Opportunity
Chapter 5 Global Magnetic Radar Absorbing Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnetic Radar Absorbing Material Market Size Forecast by Type
5.2.1 Film
5.2.2 Sheet
5.2.3 Paint
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Radar Absorbing Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnetic Radar Absorbing Material Market Size Forecast by Applications
6.2.1 Military
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Radar Absorbing Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnetic Radar Absorbing Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnetic Radar Absorbing Material Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Radar Absorbing Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnetic Radar Absorbing Material Market Size Forecast by Type
9.6.1 Film
9.6.2 Sheet
9.6.3 Paint
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnetic Radar Absorbing Material Market Size Forecast by Applications
9.10.1 Military
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnetic Radar Absorbing Material Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Radar Absorbing Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnetic Radar Absorbing Material Market Size Forecast by Type
10.6.1 Film
10.6.2 Sheet
10.6.3 Paint
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnetic Radar Absorbing Material Market Size Forecast by Applications
10.10.1 Military
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnetic Radar Absorbing Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Radar Absorbing Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnetic Radar Absorbing Material Market Size Forecast by Type
11.6.1 Film
11.6.2 Sheet
11.6.3 Paint
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnetic Radar Absorbing Material Market Size Forecast by Applications
11.10.1 Military
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnetic Radar Absorbing Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Radar Absorbing Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnetic Radar Absorbing Material Market Size Forecast by Type
12.6.1 Film
12.6.2 Sheet
12.6.3 Paint
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnetic Radar Absorbing Material Market Size Forecast by Applications
12.10.1 Military
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnetic Radar Absorbing Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Radar Absorbing Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnetic Radar Absorbing Material Market Size Forecast by Type
13.6.1 Film
13.6.2 Sheet
13.6.3 Paint
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnetic Radar Absorbing Material Market Size Forecast by Applications
13.10.1 Military
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnetic Radar Absorbing Material Market: Competitive Dashboard
14.2 Global Magnetic Radar Absorbing Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MWT Materials
14.3.2 Hexcel Corporation
14.3.3 Soliani EMC
14.3.4 Parker Hannifin
14.3.5 Bae Systems
14.3.6 Mast Technologies
14.3.7 Hitek
14.3.8 CFOAM LLC
14.3.9 Cuming Microwave Corporation
14.3.10 MSM Industries
14.3.11 MWT Materials
14.3.12 Micromag
14.3.13 Soliani EMC S.R.L
