Monday 15 July, 2024

European stealth aircraft market to grow by over $480 million from 2025-2035

According to research published by Research and Markets, the European stealth aircraft market is expected to grow by $489 million by 2035.

The report titled “Europe Assessment of Stealth Fighter and Bomber Market: Analysis and Forecast, 2025-2035” assessed that the European stealth aircraft market will grow from $225 million in 2025 to $714 million by 2035, at a compound annual growth rate (CAGR) of 12.24% during the forecast period 2025-2035.

In December 2023, Research and Markets estimated that the global stealth aircraft market was estimated to reach $16.17 billion in the same period with a CAGR of 14.30%.

The examination of the stealth aircraft market encompasses a comprehensive analysis of the industry, including established giants like Lockheed Martin and Northrop Grumman, as well as emerging startups striving to establish their presence in this highly advanced sector. This market primarily focuses on the advancement and deployment of cutting-edge stealth aircraft, showcasing the progress made in military aviation technology.

With nations worldwide investing in state-of-the-art defence capabilities, the competition to develop the most sophisticated stealth platforms has intensified. This market sheds light on the prominent competitors, technological advancements, market trends, and strategic initiatives that are shaping the evaluation of the stealth aircraft market landscape. In terms of technology, significant advancements are being witnessed in radar-evading materials and designs, along with thrust vectoring to enhance performance.

News Desk
News Desk
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