Stealth Warfare Market Report Information by Platform (Airborne, Naval), By Equipment (Radar, IRST system, Acoustic Signature), By Material (Non-metallic airframe, Radar absorbing material), & By Region - Forecast Till 2023 By MRFR
Market Research Future (MRFR) has recently launched a comprehensive report on the global stealth warfare market with actionable insights and forecasts for the period of 2018-2023. AS per MRFR;'s analysis, the global stealth warfare market is likely to capture a CAGR of 8% over the forecast period.
Stealth warfare is a technique widely used by the military forces to delay, as far as possible, the knowledge of the existence of an aircraft. It works on the principle of reflection and absorption of radar signals, which allows an aircraft to be partially invisible to any other detection systems. For the same, a number of tactics are used, such as shaping the airplane in such a way that any radar signal is reflected away from the radar equipment. Another way involves covering the airplane with materials that are capable of absorbing radar signals. Stealth warfare is likely to be a game-changer in the warfare space and has gained massive popularity in recent years.
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No aircraft is totally invisible to the radar; however, stealth warfare can prevent conventional radar from detecting or tracking aircraft effectively. The major armies of the world, which include the US, Russia, and China have developed their own stealth aircraft. The US is the predominant market. However, China has attained stealth capabilities of late, which is likely to provide a boost the market further. Rising geo-political tensions and rise in a number of international conflicts have prompted various countries to invest in stealth warfare.
Conversely, the high cost of stealth warfare system remains an impediment to the growth of the market. Nevertheless, major countries are eyeing on acquiring stealth warfare capabilities to enhance their military and defense tactics, which would push the market forward in the coming years.
Saab AB (Sweden), Raytheon Company (U.S.), Thales Group (France), Northrop Grumman Corporation (U.S.), BAE Systems (U.K), General Dynamics Corporation (U.S.), Boeing (U.S.), Lockheed Martin Corporation (U.S.), Leonardo S.p.A (Italy), and Chengdu Aircraft Corporation (China) are the notable players in the global stealth warfare market.
The global stealth warfare market has been segmented based on platform, equipment, and material.
By platform, the stealth warfare market has been segmented into airborne and naval.
By equipment, the stealth warfare market has been segmented into radar, Infrared Search and Track (IRST) system, and acoustic signature. The radar segment has been further segmented into radar-absorbent plastics, carbon-based materials, and ceramics.
By material, the stealth warfare market has been segmented into non-metallic airframe and Radar-Absorbent Material (RAM).
Region-wise, the stealth warfare market has been segmented into North America, Latin America, the Middle East & Africa (MEA), and Asia Pacific (APAC).
North America is anticipated to lead the global stealth warfare market over the forecast period. The region spends extravagantly on its military due to which the market in North America is flourishing. The US, in particular, boasts of one of the largest armies in the world and has invested significantly in stealth warfare. The US military has reportedly adopted three stealth designs and is planning to adopt another in the coming years. Moreover, the presence of various key players in the region gives it unprecedented leverage over others. The presence of developed economies, who invest significantly on their militaries is likely to spur the growth of the stealth warfare market.
Europe too is a significant stealth warfare market and is driven by the presence of various developed countries in the region such as Germany, the UK, and France. Russia is one of the largest armies in the world and spends a fortune on acquiring advanced warfare capabilities, which is likely to fuel the growth of the market over the forecast period.
The APAC stealth warfare market is anticipated to exhibit rapid growth over the forecast period. China has become a prominent player in the global stealth warfare market. The country is investing massively on procurement of stealth capabilities and in 2018, China Electronics Technology Group Corporation (CETC), introduced a prototype radar which it claimed could detect stealth aircraft in flight.
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