From GlobeNewswire: 2024-09-17 11:40:00

The Stealth Technology Market is projected to grow from USD 47.4 billion in 2024 to USD 86.8 billion by 2033, with a CAGR of 7.0%. Techniques like radar-absorbing materials and visual camouflage make military assets less detectable. The US market is expected to reach USD 16.3 billion in 2024, with key trends in unmanned systems and advanced materials. Radar Emission is set to lead the market in 2024, with the defense segment projected to have the largest revenue share. North America is expected to hold 39.2% of the global market in 2024, with a focus on maintaining military superiority. The Asia Pacific region is expected to grow rapidly due to high defense budgets and investments in modernizing military capabilities. Key players in the market include Raytheon Technologies Corporation, BAE Systems, and Northrop Grumman Corporation. Stealth technology advancements are driven by defense modernization, rising geopolitical tensions, and technological advancements. However, challenges include high development costs and counter-stealth technologies. Opportunities lie in R&D in emerging markets, commercial aviation applications, and partnerships. Recent developments include the B-21 Raider stealth bomber and China’s Type-039C Yuan Class submarine featuring sonar stealth technology.



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