Stealth Coating Market

Stealth Coating Market Outlook - 2027

The global stealth coating market was valued at $249.0 million in 2019, and is projected to reach $375.0 million by 2027, growing at a CAGR of 5.3% from 2020 to 2027.

Due to COVID-19 pandemic outbreak across the globe, the major fifth generation stealth fighter aircraft manufacturers have halted their production activities owing to which the demand for stealth coating has been declined significantly.

Stealth coating is a radar absorbing material applied on the aircrafts to reduce radar cross-section; thereby, making them difficult to detect by radars. In addition, it is also applied on the cars for UV protection and protection from chips, scratches, road debris, & malicious damages.

The global stealth coating market is primarily driven by surge in demand for stealth coatings from aerospace & defense and automotive industry as these coatings provide several properties such as strength, durability, and chemical resistance. In addition, stealth coatings have a very high heat deflection temperature and provides a scratch and impact-resistant finish. Furthermore, it also provides a high level of ultraviolet (UV) & water resistance and are easy to clean. In addition, consumption of stealth coating across the U.S. has been increased significantly in past three decades, owing to surge in production of stealth aircrafts, naval ships, and drones such as F-22 Raptor, F-35 Lightning II, and B-2 Spirit, Independence-class littoral combat ship, Zumwalt-class destroyer, Northrop Grumman RQ-180, and Lockheed Martin RQ-170 Sentinel. In addition, countries such as Russia and China have also developed stealth aircrafts such as Sukhoi Su-57 and Chengdu J-20, and are investing heavily on the development of stealth technology, which is likely to surge the demand for stealth coating during the forecast period.

However, high cost of stealth coating and decline in production of stealth aircrafts, ships, and drones amid the lockdowns declared by the government of various countries such as Russia, China, and Russia due to outbreak of COVID-19 pandemic is expected to restrain the stealth coating market growth. Furthermore, surge in investment by developing countries such as China and India in the development and production of stealth aircrafts, ships, and drones are likely to provide opportunities for the growth of the global stealth coating market.

The global stealth coating market size is segmented on the basis of resin type, application, and region. On the basis of resin type, it is divided into epoxy, polyurethane, and polyimide. By application, it is fragmented into aerospace & defense, and automotive. Region wise, the stealth coating market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The major key players operating in the global stealth coating market include Intermat Defense, CFI Solutions, Hyper Stealth Technologies Pvt Ltd., Stealth Coatings Inc., Micromag, Veil Corporation, and Stealth Veils. These major key players adopt strategy, such as product launch, to stay competitive in the global stealth coating market.

Global Stealth Coating Market, By Region

North America accounted for the major share in 2019. The demand for stealth coating across North America is driven by growing aircraft production, especially in the U.S., and rising consumption of stealth coatings in luxurious cars. To protect their manned and unmanned aircraft from enemy radar, the U.S. military and its allies are increasingly becoming dependent on stealth technology. Owing to this the demand for stealth coating across the region is expected to surge significantly during the forecast period.

Global Stealth Coating Market, By Resin Type

The epoxy stealth coating segment accounted for the major stealth coating market share in 2019, owing to their increasing applications in the aerospace & defense and automotive industry. These coatings offer several properties including durability, strength, and chemical resistance. Additionally, it also has a very high heat deflection temperature and provides a scratch and impact-resistant finish than any other stealth coatings. It also provides a high level of UV & water resistance and are easy to clean. Due to these properties, its demand is anticipated to surge during the forecast period across the aerospace & defense and automotive industries around the world.

Global Stealth Coating Market, By Application

The aerospace & defense segment accounted for the major market share in 2019. Stealth technology plays a vital role in next-generation military assets such as aircraft, ships, and drones. The increasing aircraft production and demand along with technological innovations is anticipated to boost the growth of the stealth coating market during the forecast market.

COVID-19 analysis:

The coronavirus (COVID-19) pandemic situation has declined the sales of stealth coating. Due to COVID-19 pandemic the stealth aircraft manufacturing companies across the globe have halted their production activities amid lockdown. Due to this the demand for stealth coating has been hampered significantly. In addition, due to disrupted supply of automotive component amid lockdown the automobile manufacturers have halted their operation. This factor has led to decline in demand for stealth coating from the automotive industry.

Key benefits for stakeholders

• The global stealth coating market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the global stealth coating market forecast for the period 2020–2027.
• The report outlines the current global stealth coating market trends and future scenario of the global stealth coating market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
• Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global stealth coating market study. 

 Stealth Coating Market Report Highlights