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Stealth Technology Market Analysis

The stealth technologies market is anticipated to register a CAGR of more than 6% during the forecast period.

The outbreak of the COVID-19 pandemic had a severe impact on the global economy. However, defense spending in 2020 registered growth compared to 2019. The outbreak of the COVID-19 pandemic and the subsequent shutdowns affected the defense manufacturing sector and the pace of military R&D activities in several countries. The negative impacts of the pandemic were visible in the global defense supply chains, as several programs rely upon a unique global network of part suppliers.

Modern military systems are heavily reliant on complex software and interconnectivity to perform their missions. Advanced features, such as an electronic attack, sensor fusion, and communications, of the cyber-enabled military systems provide a tactical edge to the equipped armed forces against an adversary force or during critical operations in a hostile environment. The emergence of sophisticated weapon systems necessitated the adoption of advanced stealth fighters that can infiltrate the stronghold of a similar technology incumbent adversary. However, the market may be deterred by the design challenges faced by system integrators to incorporate advanced features in their product portfolio without compromising on the payload capacity and range of a stealth platform, such as a fifth-generation aircraft. Designers are also required to ensure the availability of sophisticated integrated features and cross-compatibility with the advanced weapon and navigation sensors and subsystems from other system manufacturers to develop a fully operational stealth platform, hence, rendering a complex outlook to the overall system design. Furthermore, the rapid technological disruption may also result in a feature under development being rendered obsolete even prior to integration into the system, escalating the financial risks for the market players.

Stealth Technology Industry Segmentation

Stealth technology is a core element in next-generation military assets. It is defined as a sub-discipline of military tactics that encompasses a wide range of methods deployed to render radar invisibility to military assets, such as aircraft, ships, submarines, weapon systems, ground vehicles, and personnel. Modern military equipment considers low observable principles, and it is designed to be discreet in all aspects by reducing acoustic, radio, radar, and infrared emissions, while also utilizing optical technologies to blend into the surrounding environment.

The stealth technologies market is segmented by platform and geography. By platform, the market is segmented into aerial, naval, and terrestrial. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The report offers the market size and forecasts by value (USD Million) for all the above segments.