The Stealth warfare market is estimated to witness a CAGR of more than 8% during the forecast period from 2018 to 2023.
Stealth technology is a broadly used concept in military warfare. Stealth technology operates on the principle of reflection and absorption of the radar signals. The stealth warfare market is segmented on the basis of platform, equipment, and material.
In the stealth warfare market, the platform segment is further sub-segmented as airborne and naval. In airborne sub-segment the stealth warfare technology is used to make aircraft invisible to enemy’s radar systems. This is done in two different ways, first is that the aircraft can be shaped so that any radar signal it reflects are reflected away from the enemy’s radar equipment, whereas, second way is that the aircraft can be covered with materials that can absorb radar signals. Though, the advanced radar systems pose a major threat, as they can detect the stealth aircraft.
Similarly, the stealth warfare market has been segmented as the material, this segment has been further sub-segmented as non-metallic airframe and radar-absorbent material (RAM). Non-metallic airframe usage in aircraft is helpful to absorb radar signals. In case of RAM, generally, paints are used on the metal surface and edge of the aircraft or ships. The material and thickness of RAM coatings can differ according to its application. Currently, a commonly used material is iron ball paint, which contains tiny iron particles that resonate in tune with incoming radio waves and dissipate the majority of their energy as heat, leaving little energy to bounce back to detectors. Moreover, due to the developments in the field of metallurgy, the material segment is estimated to witness significant growth during the forecast period.
The key players in stealth warfare market are Lockheed Martin Corporation (U.S.), BAE Systems (U.K), Northrop Grumman Corporation (U.S.), Saab AB (Sweden), Boeing (U.S.), General Dynamics Corporation (U.S.), Raytheon Company (U.S.), Leonardo S.p.A (Italy), Thales Group (France), and Chengdu Aircraft Corporation (China).