Stealth Technology Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
Land Segment is Expected to Lead the Market During the Forecast Period
The land segment of the platform is expected to lead the market during the forecast period. Global military powerhouses, such as the United States, the United Kingdom, China, France, and Japan, are competing to achieve a profound reconceptualization of modern warfare techniques. There was a significant increase in the global annual defense spending of these countries in the past five years. The armed forces of every country are developing concepts for employing advanced stealth capabilities in each warfare domain to gain a tactical advantage over its adversaries in the event of armed conflict. Developing countries are facing disputes at borders and thus trying to advance their technologies to secure borders, and safeguard them against the illegal entry of people. This is increasing the demand for military trucks to be used for patrolling land borders. Advancements in electric vehicles may also contribute to stealth by reducing noise and heat. Currently, a team of defense contractors, including SAIC and Lockheed Martin, is working to construct the first U.S. electric tank prototype. Such R&D efforts and technological shifts are expected to drive the market in focus during the forecast period.
Asia-Pacific Will Showcase Remarkable Growth During the Forecast Period
The growth of the stealth technologies market is expected to be highest in Asia-Pacific during the forecast period. The strengthening of the strategic military alliances between the United States and several Asia-Pacific sovereign nations and subsequent reinforcement of military deployment and intervention resulted in a complex scenario, urging rapid modernization of defense capabilities of regional countries, such as China, to safeguard their vested interests. To ensure the combat readiness of existing systems, several armed forces' modernization programs are currently underway to effectively upgrade the capabilities of the regional armed forces for effectively responding to security threats and accomplishing urgent, critical, and dangerous strategic missions. To address the evolving threats, major countries in the region are realigning their military strategies and organizational structures. Cutting-edge technologies, such as artificial intelligence (AI), quantum information, big data, cloud computing, and the Internet of Things (IoT), resulted in the development of long-range precision, intelligent, stealthy, or unmanned weaponry, and equipment, radicalizing traditional warfare in favor of intelligence warfare. On this note, in February 2023, DRDO (India) announced the completion of the development of the Advanced Medium Combat Aircraft (AMCA) fifth-generation stealth, multirole combat aircraft for the Indian Air Force, and is waiting for critical design review. The AMCA Mark 1 will come equipped with 5.5-generation technologies and the Mark 2 will have incremental sixth generation technology upgrades. Similar development initiatives are being deployed by other nations in the region to maintain territorial integrity and preserve national sovereignty.
For instance, in August 2021, the Japanese government in Tokyo outlined its next-generation fighter jet project and selected Mitsubishi Heavy Industries as the main contractor. Such developments are envisioned to drive the growth prospects of the market in focus during the forecast period.
Stealth Technology Industry Overview
The stealth technologies market is expected to remain slightly fragmented throughout the forecast period. The prominent players in the stealth technologies market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems plc, and others. Vendors are modifying their offerings to enhance current capabilities and introduce revolutionary features as a means to deliver value-added stealth technology integrated assets and weaponry to the military end users. This helps introduce low-differentiated products at competitive pricing.
Stealth Technology Market Leaders
BAE Systems plc
General Dynamics Corporation
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
*Disclaimer: Major Players sorted in no particular order
Stealth Technology Market News
- In November 2021, the United Kingdom announced that four Dreadnought Class submarines are being built to replace the current fleet of Vanguard Class boats. The submarines will be armed with Trident D5 missiles and incorporate a number of new stealth features.
- In February 2023, DRDO (India) announced the completion of the development of the Advanced Medium Combat Aircraft (AMCA) fifth-generation stealth, multirole combat aircraft for the Indian Air Force, and is waiting for critical design review. The AMCA Mark 1 will come equipped with 5.5 generation technologies and Mark 2 will have the incremental sixth-generation technology upgrades.
Stealth Technology Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Platform
5.1.1 Aerial
5.1.2 Marine
5.1.3 Terrestrial
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 France
5.2.2.3 Russia
5.2.2.4 Germany
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 BAE Systems plc
6.2.2 The Boeing Company
6.2.3 General Dynamics Corporation
6.2.4 Lockheed Martin Corporation
6.2.5 Northrop Grumman Corporation
6.2.6 THALES
6.2.7 Raytheon Technologies Corporation
6.2.8 SAAB AB
6.2.9 Leonardo S.p.A
6.2.10 Chengdu Aircraft Industrial Group Ltd
6.2.11 Hindustan Aeronautics Limited
6.2.12 United Aircraft Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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.
| Platform | |
| Aerial | |
| Marine | |
| Terrestrial |
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| Rest of the World |
Stealth Technology Market Research FAQs
What is the current Stealth Technologies Market size?
The Stealth Technologies Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Stealth Technologies Market?
BAE Systems plc, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation and Raytheon Technologies Corporation are the major companies operating in the Stealth Technologies Market.
Which is the fastest growing region in Stealth Technologies Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Stealth Technologies Market?
In 2024, the North America accounts for the largest market share in Stealth Technologies Market.
What years does this Stealth Technologies Market cover?
The report covers the Stealth Technologies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Stealth Technologies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Stealth Technology Industry Report
Statistics for the 2024 Stealth Technology market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Stealth Technology analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
