Rapid Technological Advancement is Proliferating Global Radar Absorbent Market Growth

DELTA, British Columbia - March 15, 2021 - PRLog -- Radar Absorbent Material are specially designed to absorb RF radiation from as many directions as possible. The growth of the global radar absorbent material is attributed to increasing demand of stealth aircraft and incorporation of advanced technologies in electronic and communication sector for minimizing the visibility from radar. Moreover, increase in government investment in defense sector to develop new high end equipment and increasing demand for radar absorbent materials in healthcare department is expected to propel the market growth.

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/query/request-sample/global-radar-absorbent-material-market.html