The new report by Expert Market Research titled, ‘Global Stealth Coating Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global stealth coating market assessing the market based on resin type, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 276.1 million
• Forecast CAGR (2023-2028): 5.40%
• Forecast Market Size (2027): USD 378.2 Million
Due to increased application in numerous sectors such as automotive, aerospace, military, and electronic devices, demand for stealth coatings is predicted to grow at a high rate throughout the forecast period. However, the worldwide stealth coating industry is expected to be hampered by high product costs and a halt in aircraft manufacturing in several nations owing to the COVID-19 epidemic.
Industry Definition and Major Segments
Stealth coating is a protective layer applied to the outside of a vehicle to protect it from scratches, dents, and other damage. Stealth technology is used in the military and defence sector to render vehicles practically undetectable to any sort of electronic detection by absorbing radar transmissions and reducing reflections to the enemy’s radar receiver.
The market is segmented based on resin type into:
• Epoxy
• Polyurethane
• Polyimide
Based on application, the market is divided into:
• Aerospace and Defence
• Automotive
On the Basis of region, the market can be divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
Due to its expanding applications in the aerospace, military and automotive industries, the epoxy stealth coating segment accounted for most of the stealth coating market share. Durability, strength, and chemical resistance are all advantages of these coatings. It also has a far higher heat deflection temperature than other stealth coatings and gives a scratch and impact-resistant surface.
North America held a significant market share and is expected to continue to do so. The substantial presence of major aircraft manufacturers in the United States focused on innovative technology is a major contributor to the growth. The expansion of the stealth coating market segment in the United States will be aided by rising defence and research expenditure by the government.
Key Market Players
The major players in the market are INTERMAT Group SA, Hyper Stealth Technologies Pvt. Ltd., Veil Corporation, CFI Solutions, and Micromag, among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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