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Microwave Absorbers Market Size

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The global microwave absorbers market size was valued at USD 133.5 million in 2017. It is expected to exhibit promising growth through 2025.
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Microwave Absorbers Market Size, Share, Application Analysis,
Regional Outlook, Growth, Trends and Forecast, 2015 – 2025 |
Hexa Research
“The global microwave absorbers market size was
valued at USD 133.5 million in 2017. It is expected to
exhibit promising growth through 2025.”
The global Microwave Absorbers Market size is expected to reach USD 256.4 million by 2024. It is expected
to experience a CAGR of around 8.5% during the forecast period. Potential growth opportunities offered by
the consumer electronics, military, and defense sectors are expected to fuel demand for microwave
absorbers.
Alteration of magnetic as well as dielectric properties of materials permit absorption of microwaves in
broadband or discrete frequency. Implementation of numerous micro components in the circuit of electronic
product creates a system to system interference projecting false data interpretation as well as disp lay.
Hence, microwave absorbers prevent these interactions of frequencies in order to project accurate data to
operators.
The consumer electronics segment is expected to exhibit noteworthy growth over the coming years owing to
noticeable reduction in size of microprocessors and other system components. Surging demand for high end
processors, massive data storage, and processing requirements in smartphones, desktops, and smart
televisions is estimated to fuel the demand for microwave absorbers.
Consistent replacement of outdated aircrafts and rising investments in purchase of unmanned aircrafts are
anticipated to trigger the growth of the market over the forecast period. However, radar manufacturers are
concentrating on building efficient systems, which will detect stealth planes. Cut-throat competition among
aircraft and radar manufacturers is likely to maintain heightened demand for microwave absorbers in the
near future.
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For instance, in April 2018, Canada invested USD 2.7 million in development of quantum radar, which is
projected to improve existing conditions of stealth aircraft detection. Research will be conducted by the
University of Waterloo. Furthermore, China and Russia are poised to invest in development of quantum radar
systems in near future.
Asia Pacific is expected to exhibit a CAGR of 8.9% during the forecast period owing to robust manufacturing
of electronic systems. China, Japan, and South Korea are key contributors to market growth. North America is
estimated to maintain its dominance throughout the same period in terms of revenue owing to burgeoning
investments in the defense sector. Additionally, the U.S is planning to expand its air fleet in order to comply
with spiraling demand for air power across the globe. In September 2017, U.S. milit ary displayed a glance of
their 4 new F-35 Joint Strike Fighters to the North Korean leader Kim Jong Un.
In terms of application, the military and defense segment accounted for a major share in the market. It is
anticipated to be the fastest-growing application segment owing to widespread usage in radar cross
reduction and EMI reduction. Recent developments in field of microwave absorbers have widened their use
in wireless telecommunication with help of noise suppression sheets.
Supply chain of the market includes raw material suppliers, manufacturers, distributors, and end users. Raw
materials used in manufacturing are rubber, silicone, polyurethane, and various other insulating materials.
Manufacturers procure raw materials from companies such as VCM; American Urethane, Inc.; and Weaver
Industries, Inc.
Microwave absorbers are manufactured by altering magnetic and dielectric properties of raw materials. They
are later customized based on end-user requirements. Final finished products are available in form of foam
sheets, pyramidal sheets, and die cuts. Manufacturers market their products through their respective e commerce portals and a well distributed network of suppliers and distributors.
The market is fragmented in nature and is marked by presence of various well -established players. High cost
of product research and development activities and huge investment in QC and QA of products are some of
the limiting factors for market entry. Leading players in the market include Cuming Microwave Corporation,
LairdTech, and ARC Technologies. Availability of products through e-commerce websites is one of the key
strategies opted by players in order to improve penetration of microwave absorbers across the globe.
Hexa Research has segmented the microwave absorbers market report based on product, application and
region:Segmentation by Product
• Reflectivity Absorbers
• Insertion Loss Absorbers
• Magnetic Microwave Absorbers
• Dielectric Microwave Absorbers
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Segmentation by Application
• Electronics and Telecommunication
• Healthcare
• Textiles
• Military & Defense
• Others
Segmentation by Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Key Players Analyzed:
• Laird Technologies
• ARC Technologies
• MVG
• Dongshin Microwave Absorbers Co., LTD.
• Parker Hannifin Corp
• Modus Advanced, Inc.
• Cuming Microwave Corporation
• DMAS
• MAST Technologies
• Murata Manufacturing Co., Ltd.
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Table of Content for Microwave Absorbers Market
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope
2.1. Research methodology
2.2. Assumptions
2.3. List of data sources
Chapter 3. Introduction
3.1. Research scope & market segmentation
Chapter 4. Microwave Absorbers Market Trends: Drivers & Opportunities
4.1. Key Industry Trends
4.1.1. Raw material trend
4.1.2. Technology trend
4.1.3. Supplier trend
4.1.4. Buyer trend
4.1.5. Regulatory trend
4.2. Market Drivers
4.2.1. Continuous improvements in aircraft designing
4.2.2. Lucrative opportunities in consumer electronics production
4.3. Market Restraints
4.3.1. High cost and weight
4.4. Opportunity Assessment
4.5. Raw Material Analysis
4.6. Value Chain Analysis
4.7. Porter's Five Forces analysis
4.8. PESTEL Analysis
4.9. Qualitative analysis on acoustic absorbers
4.10. Acoustic insulation market dynamics
4.11. Acoustic insulation market driver analysis
Chapter 5. Microwave Absorbers Market Trends, By Product
5.1. Global microwave absorbers market movement, by product, 2017 & 2025
5.1.1. Reflectivity Absorbers
5.1.1.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.1.2. Insertion Loss Absorbers
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5.1.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.1.3. Magnetic Microwave Absorbers
5.1.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.1.4. Dielectric Microwave Absorbers
5.1.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Microwave Absorbers Market Trends, By Application
6.1. Global microwave absorbers market movement, by application, 2017 & 2025
6.1.1. Electronics and Telecommunication
6.1.1.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.1.2. Healthcare
6.1.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.1.3. Textiles
6.1.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.1.4. Military & Defense
6.1.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.1.5. Others
6.1.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Microwave Absorbers Market Trends, By Region
7.1. Global microwave absorbers market movement, by region, 2017 & 2025
7.1.1. North America
7.1.1.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.1.1.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.1.1.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.1.2. Europe
7.1.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.1.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.1.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.1.3. Asia-Pacific
7.1.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.1.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.1.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
7.1.4. Rest of the world
7.1.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.1.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
7.1.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
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Chapter 8. Key Country Markets
8.1. U.S.
8.1.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.1.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.1.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.2. Germany
8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.3. UK
8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.4. China
8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
8.5. Japan
8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
8.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
Chapter 9. Competitive Landscape
9.1. Vendor landscape analysis
9.2. Strategic framework
9.3. Company profiles
9.3.1. Laird Technologies
9.3.1.1. Company Overview
9.3.1.2. Financial Performance
9.3.1.3. Product Benchmarking
9.3.1.4. SWOT
9.3.1.5. Recent Initiatives
9.3.1.6. Future Outlook and Strategies
9.3.2. ARC Technologies
9.3.2.1. Company Overview
9.3.2.2. Financial Performance
9.3.2.3. Product Benchmarking
9.3.2.4. SWOT
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9.3.2.5. Recent Initiatives
9.3.2.6. Future Outlook and Strategies
9.3.3. MVG
9.3.3.1. Company Overview
9.3.3.2. Financial Performance
9.3.3.3. Product Benchmarking
9.3.3.4. SWOT
9.3.3.5. Recent Initiatives
9.3.3.6. Future Outlook and Strategies
9.3.4. Dongshin Microwave Absorbers Co., LTD.
9.3.4.1. Company Overview
9.3.4.2. Product Benchmarking
9.3.4.3. SWOT
9.3.4.4. Recent Initiatives
9.3.4.5. Future Outlook and Strategies
9.3.5. Parker Hannifin Corp
9.3.5.1. Company Overview
9.3.5.2. Financial Performance
9.3.5.3. Product Benchmarking
9.3.5.4. SWOT
9.3.5.5. Recent Initiatives
9.3.5.6. Future Outlook and Strategies
9.3.6. Modus Advanced, Inc.
9.3.6.1. Company Overview
9.3.6.2. Product Benchmarking
9.3.6.3. SWOT
9.3.6.4. Recent Initiatives
9.3.6.5. Future Outlook and Strategies
9.3.7. Cuming Microwave Corporation
9.3.7.1. Company Overview
9.3.7.2. Product Benchmarking
9.3.7.3. SWOT
9.3.7.4. Recent Initiatives
9.3.7.5. Future Outlook and Strategies
9.3.8. DMAS
9.3.8.1. Company Overview
9.3.8.2. Product Benchmarking
9.3.8.3. SWOT
9.3.8.4. Recent Initiatives
9.3.8.5. Future Outlook and Strategies
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9.3.9. MAST Technologies
9.3.9.1. Company Overview
9.3.9.2. Product Benchmarking
9.3.9.3. SWOT
9.3.9.4. Recent Initiatives
9.3.9.5. Future Outlook and Strategies
9.3.10. Murata Manufacturing Co., Ltd.
9.3.10.1. Company Overview
9.3.10.2. Financial Performance
9.3.10.3. Product Benchmarking
9.3.10.4. SWOT
9.3.10.5. Recent Initiatives
9.3.10.6. Future Outlook and Strategies
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