The developments in the defense and aerospace industry have reached great heights over the years. The accelerating demand for stealth technology among prominent end-users such as aerospace, defense, automotive, consumer electronics, and others will bring tremendous growth opportunities for the stealth coating market during the forecast period of 2020-2030.
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Stealth coating is a material that helps in absorbing radars applied on the aircraft. The application of these coatings helps in decreasing the radar cross-section. Furthermore, other prominent benefits of stealth coating include UV protection and guards from car protection due to chips, road debris, and scratches. The multi-utilization aspect of stealth coating will invite promising growth during the tenure of 2020-2030.
Growing Investments in the Defense Sector to Add Extra Stars of Growth
The government bodies of numerous countries are investing exponentially in the defense sector. The growing influence of novel technologies across the defense sector will have a major influence on the growth of the stealth coating market.
Many government bodies are increasing budgetary allocations in the defense sector for protecting their borders from external threats. Stealth jets are gaining considerable popularity among numerous countries. Thus, these aspects will have a significant impact on the growth of the stealth coating market.
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Some well-entrenched players in the stealth coating market are Stealth Veils, Intermat Defense, Micromag, and Veil Corporation.