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Rapid Technological Advancement is Proliferating Global Radar Absorbent Market Growth
Radar Absorbent Material (RAM) is a specialist class of polymer-based material designed to absorb radar waves and minimize or eliminate reflection. It found its application in defense and in commercial activities.
According to MarkNtel Advisors' research report "Global Radar Absorbent Market Analysis, 2021", the Global Radar Absorbent market is anticipated to grow at significant CAGR during 2021-26. On the basis of application, Military segment acquired the largest share in the global radar absorbent market. The growth of this segment was attributed to increasing demand of unmanned aircraft for the use of military department. Moreover, rising government initiatives and huge amount of investment for national defense and security propels the market growth.
Magnetic Segment Acquired Significant Market Share
On the basis of type, Magnetic segment is anticipated to acquire largest share in the global radar absorbent material market. The major driving factor for the growth of magnetic segment is it high potential to compress the wavelength. Further high permeability and magnetic loss are the other factors which strongly contributes to the growth of the market. as stated in MarkNtel Advisors' research report "Global Radar Absorbent Market Analysis, 2021".
According to MarkNtel Advisors', the key players with a considerable market share in the Global Radar Absorbent 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.
Get a sample copy of the market overview: https://www.marknteladvisors.com/