Allied Market Research published a report, titled, "Stealth Coating Market by Resin Type (Epoxy, Polyurethane, and Polyimide) and Application (Aerospace & Defense, and Automotive): Global Opportunity Analysis and Industry
Forecast, 2020-2027." According to the report, the global stealth coating market garnered $249.0 million in 2019, and is
projected to garner $375.0 million by 2027, registering a CAGR of 5.3% from 2020 to
2027.

Prime determinants of growth

Rise in epoxy stealth coatings demand and increase in application from the aerospace & defense industry drive the growth of the global stealth coating market. However, high cost of investment restrains the market growth. Contrarily, surge
in investment in R&D for stealth technology creates new opportunities in
the next few years.

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COVID-19 Scenario

·        Manufacturing activities of stealth ships, aircrafts, and drones has been restricted to the significant extent due to the lockdown measures taken by the governments of
various countries including Russia, China, and others.

·        Furthermore, manufacturers of the fifth-generation stealth fighter aircraft halted their manufacturing activities, which in turn, led to lowered demand for stealth
coating.

The epoxy segment to maintain its leadership status during the forecast period

By resin type, the epoxy segment accounted for the highest market share, contributing to nearly half of the global stealth coating market in 2019, and is estimated to maintain its leadership status during the forecast period. This
is due to increase in applications in the aerospace & defense and
automotive sectors along with its properties such as strength, durability, and
chemical resistance. However, the polyurethane segment is expected to manifest
the highest CAGR of 5.8% from 2020 to 2027, owing to growth of the automotive
industry and surge in demand and production of luxurious cars across the
developing countries such as India and China.

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The aerospace & defense segment to maintain its dominance during the forecast period

Based on application, the aerospace & defense segment contributed to the largest market share in 2019, accounting for nearly 90% of the global stealth coating market, and is projected to maintain its dominance in terms of revenue during
the forecast period. Moreover, this segment is projected to register the fastest CAGR of 5.5% from 2020 to 2027. This
is due to vital role played by stealth technology in next-generation military
assets such as aircraft, ships, and drones along with rise in aircraft
production and demand. The report also analyzes the automotive segment.

North America to maintain its lead position by 2027

By region, North America held the highest market share in 2019, accounting for more than two-fifths of the
global stealth coating market, and is estimated to maintain its lead position
by 2027. Moreover, this segme          nt
is projected to maintain the highest CAGR of 5.6% during the forecast period.
This is due to rise in aircraft production, especially in the U.S. and increase
in consumption of stealth coatings in luxurious cars. The report also discusses
regions including Asia-Pacific, Europe,
and LAMEA.

Leading Market Players

·        Intermat Defense

·        Hyper Stealth Technologies Pvt. Ltd.

·        CFI Solutions

·        Veil Corporation

·        Micromag, Stealth Coatings Inc.

·        Stealth Veils

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