Press release
Stealth Warfare Market Size, Share Analysis, Segmentation And Trends Report 2024 To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Stealth Warfare Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $18.33 billion In 2028 At A CAGR Of 10.4% :
The stealth warfare market size has grown rapidly in recent years. It will grow from $11.13 billion in 2023 to $12.36 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to rising defense budgets, global conflicts, tactical surprise, military modernization, growth in demand for unmanned aerial vehicles (uavs).
The stealth warfare market size is expected to see rapid growth in the next few years. It will grow to $18.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to evolution of radar and detection systems, interoperability and network-centric warfare, maritime stealth, ai and autonomous systems, public awareness and transparency.. Major trends in the forecast period include advanced materials and coatings, hypersonic technology, multi-domain stealth, directed energy weapons (dew),submarine stealth.
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Stealth Warfare Market Major Segments
The stealth warfare market covered in this report is segmented -
1) By Equipment: Radar, Infrared Search And Track (IRST) System, Acoustic Signature
2) By Material: Non-Metallic Airframe, Radar Absorbing Material
3) By Application: Air Force, Navy, Army
Key Driver - Rising Global Military Spending Boosts Stealth Warfare Market
The increasing year-on-year military expenditure is expected to propel the growth of the stealth warfare market going forward. Military expenditure refers to the total expenditure spent by the central government of a country on the armed forces, which includes the army, navy, and air force for peacekeeping. Stealth warfare is technology that is helpful for the near detection of persons or vehicles that are used in warfare. As a result, military expenditure increases the demand for military technology such as stealth warfare technology. For instance, according to the Stockholm International Peace Research Institute, a Sweden-based independent resource on global security, total global military expenditure increased by 0.7% and reached $2113 billion in 2021. Therefore, the increasing year-on-year military expenditure is driving the growth of the stealth warfare market.
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Prominent Trend - Innovations In Long-Range Infrared Sensing And Stealth Glass Transform Industry
Technological advancement is a key trend gaining popularity in the stealth warfare market. Major companies operating in the stealth warfare market are using new technologies such as long-range infrared sensing and stealth glass technology for the best results during stealth warfare. For instance, in March 2022, Rostec, a Russian-based state-owned defense conglomerate operating in the stealth warfare market, launched stealth glass technology that improves aircraft cockpit glazing by 20% and also reduces the radar visibility of military aircraft. This stealth glass has special properties due to thin films of metal and metal oxides, and the engineering and design solutions improve the coating applied to the aircraft.
Stealth Warfare Market Players
Major companies operating in the stealth warfare market include Lockheed Martin Corporation, BAE Systems LLC, Northrop Grumman Corporation, Saab AB, Boeing Airplane & Transport Corporation, General Dynamics Corporation, Raytheon Company, Leonardo S.p.A, Thales Group, Chengdu Aircraft Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., WebHumanResource, Infor Inc., Kronos Incorporated, The Sage Group plc., GhostTech Innovations Inc., ShadowArmor Systems, SilentStrike Defense, StealthCom Technologies, Infiltrix Solutions, CamoCraft Technologies, SpecterShield Industries, PhantomEdge Defense, VoidForce Technologies, Obsidian Defense Systems, WhisperWing Corporation, StealthGuard Dynamics, CovertCamo Technologies, Nightshade Systems
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Largest And Fastest Growing Region In The Market
North America was the largest region in the stealth wealth market share in 2023. Rest of the world is expected to be the fastest-growing region in the forecast period. The regions covered in the stealth warfare market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Stealth Warfare Market Report Structure
3. Stealth Warfare Market Trends And Strategies
4. Stealth Warfare Market - Macro Economic Scenario
5. Stealth Warfare Market Size And Growth
…..
27. Stealth Warfare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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