Global Stealth Coating Market is valued approximately at USD 262.10 million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2021-2027. Growth in demand for stealth coatings from aerospace & defense and automotive industry and growing demand for epoxy stealth coatings are the factors which are driving the growth of Stealth Coating market. Furthermore, increasing investment by emerging countries in the development and production of stealth aircrafts will be anticipating the growth of market in forecasted period. In addition, stealth coatings have a completely high heat resistant temperature and offers a scratch and impact-resistant finish. Furthermore, it additionally offers a high degree of ultraviolet (UV) & water resistance and are smooth to clean. In addition, consumption of stealth coating throughout the U.S. has been accelerated notably in beyond three decades, due to surge in manufacturing of stealth aircrafts. For instance: According to the 2021 World Air Forces, the U.S. air force, army, navy, and marine corps together function a bit over 13,000 navy aircraft. Boeing, Lockheed Martin, and Northrop Grumman are some of the marketplace leaders. However, high cost of stealth coating and dearth in production of stealth aircrafts may impede market growth over the forecast period of 2021-2027.
Global Stealth Coating market analysis on basis of region Comprises of North America, Asia Pacific, Europe, Latin America, and Rest of the World. North America is a dominating region across the globe in terms of market size due to U.S. military and its allies are increasingly becoming dependent on stealth technology in the region. Whereas Asia-pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the increasing application of stealth coating in automotive sector in the region.
Major market player included in this report are:
Hyper Stealth Technologies Pvt Ltd.
Stealth Coatings Inc.
Hyper Stealth technologies Pvt. Ltd.
Micromag, Akzo Nobel
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Aerospace & Defense
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Stealth Coating Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers