The global demand for Hypersonic Missiles Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Hypersonic missiles are considered a revolutionary war weapon. It is one of the two major types of war weapons. It cannot be detected and intercepted easily as compared to ballistic missiles. Powered by scramjet, these missiles are exceptionally fast and can fly up (100,000 feet) in the sky at a velocity of five times more than the speed of sound. At present, hypersonic missiles occupy an important place in the global defense industry owing to the demand for technologically advanced weapons. It is a countermeasure for preventing any undesirable outcome and attacking the opponent’s fighter bases, air defense radars, missile batteries, etc.
The key factors driving hypersonic missile market growth are a surge in demand for hypersonic weapons, increasing territorial disputes, and substantial investment by governments in the defense sector to build strong land, naval, and air forces with advanced weapons awareness about reducing carbon footprint. Advancements in scramjet technology for such missiles and the need to create counter hypersonic systems and reduce intercontinental travel time contribute to hypersonic missile market growth. Furthermore, the defense sectors in developing regions are spending more on advanced munitions like hypersonic missiles boosting its demand. However, the budget constraints are hampering hypersonic missile market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hypersonic missiles. The growth and trends of hypersonic missiles industry provide a holistic approach to this study.
This section of the hypersonic missiles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Hypersonic Glide Vehicle (HGV)
- Hypersonic Cruise Missile (HCM)
- Military Application
- Civil Application
This section covers the regional outlook, which accentuates current and future demand for the Hypersonic Missiles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hypersonic Missiles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hypersonic missiles market include Raytheon, Lockheed Martin, Tactical Missiles Corporation, MBDA, Saab AB, Nammo as, Kongsberg Gruppen ASA, China Aerospace Science and Industry Corporation Limited, Denel Dynamics, Thales Group, Boeing. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.