Press Release

The Global Radar Absorbing Materials Market is projected to grow from USD 472.96 million in 2021 to USD 631.95 million by 2030 at a CAGR of 3.88% during the forecast period.    Radar Absorbing Materials absorbs incident Electromagnetic (EM) energy and convert it to heat or other kinds of energy. The energy intake will be equal to the energy output. To limit the amount of electromagnetic radiation scattered from its surface, radar absorbing materials are utilised.   

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This technology was formerly only employed for military purposes, such as land, air, and sea vehicles. The technology's reach has expanded as a result of innovation and advancement, and it is currently employed for both civil and commercial purposes. It has been used to minimise radar dispersion and prevent interference at airports and wind turbines.     

During the COVID-19, several manufacturing facilities have been temporarily shuttered as a result of government agencies' precautionary actions to prevent the spread of COVID-19, causing delays in order deliveries. In 2020, this tendency appears to vary by country. While demand for electronic warfare in Europe has been steadily increasing, demand in North America has increased significantly. The following are some key developments that demonstrate the rise in demand for electronic warfare in the defense sector during the COVID-19 crisis in North America.

Top key players in the radar absorbing materials market provide products for a variety of defense applications, therefore despite COVID-19, they have witnessed consistent supply. Lockdown measures implemented by many countries to stop the spread of the virus initially disrupted the supply chain to some extent. During COVID-19, there were concerns about the provision of equipment in several regions. Several distributors and suppliers lacked sufficient quantities of absorbing material to meet the ongoing demand.

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The consumption of radar absorption materials will be fueled by rapid technological improvements in electronics and communication technology. The need for radar absorption materials is driven by rising government spending in the defense sector for the development of new equipment and technologies.

Nanostructured radar absorbing materials will aid in the improvement of the radar absorbing materials market globally due to continual product developments in connected end use industries. The use of radar absorbent materials in radar systems and technology is expected to boost the industry growth during the forecast period.

The market for radar absorption materials is developing due to increased demand for stealth aircraft and technical advancements in electronics technologies to lower radar visibility. In the projected period, the aerospace, automation, healthcare, electronics, and other end-user industries are expected to drive market expansion. Furthermore, the government's increased expenditure in national defense and security is encouraging market growth. The market is predicted to increase in response to rising demand for imaging equipment in the healthcare sector. Furthermore, rising demand for unmanned aircraft in the commercial, military, and civil sectors is boosting the RAM market.        

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North America is the largest market for Radar Absorbing Materials due to the United States and Canada are major countries for market. Due to increased investments in electronic and communication technology by countries in this region, this region is likely to lead the market during the forecast period. Defense forces from North American countries are working on the creation of cutting-edge electronic warfare equipment. Radar absorbing materials are well-established and well-known in this region this is propelling market growth during the forecast period. 

KEY INDUSTRY DEVELOPMENTS:     

In September 2020, Lockheed Martin awarded BAE Systems a contract for the production and delivery of additional electronic warfare systems for the 5th Generation F-35 Lightning II, including long lead, sustainment spares, and retrofit kits, providing advanced situational awareness and threat response capabilities that support critical missions in contested airspace.