I am looking for an envelope of the function $t\mapsto \mbox{sinc}^2(t)$, or at least an approximation of such an envelope. Is there a known envelope function?
Here's an illustration of $\mbox{sinc}^2(t) = \frac{\sin^2(\pi t)}{(\pi t)^2}$ (blue), and of one of its envelopes (red), which I drew by hand.
More generally, I was wondering, how does one calculate an envelope?


An envelope is defined for a parametric family of functions and not for a single member. It is obtained by eliminating the parameter between the function equation and that obtained by differentiating over the parameter.
For example, consider the family
$$y=\frac{\sin^2\lambda t}{t^2}.$$ The aformentioned derivative is
$$0=\frac2t\sin\lambda t\cos\lambda t,$$ which implies $\sin^2\lambda t=0$ or $1$.
Hence the two envelopes
$$y=\frac1{t^2},\\y=0.$$