Market Insights and Analysis: Global Hypersonic Technology Market Overview and Projections (2024-2030)
The Global Hypersonic Technology Market size was valued at USD 7.2 Billion in 2023 & is estimated to grow at a CAGR of around 9.32% during the forecast period, i.e., 2024-30. The demand for hypersonic technology in the defense industry is poised to grow globally due to several strategic & technological factors. Hypersonic missiles & vehicles offer unparalleled speed & maneuverability, making them extremely difficult to track and intercept. This capability enhances a nation’s ability to respond swiftly to emerging threats, providing a crucial advantage in modern warfare.
Top leading companies in the Global Hypersonic Technology Market includes:
BAE Systems, Brahmos Aerospace, General Dynamics Corporation, Lockheed Martin, Leidos (Dynetics), Spirit AeroSystems, Inc., Spirit AeroSystems, Inc., Northrop Grumman Corporation , Raytheon Technologies Corporation , Saab AB , SPACEX , Thales Group, Hypersonix, Hermeus Corp., Defence Research and Development Organisation (DRDO) and Others.
Global Hypersonic Technology Market Driver:
Rising National Security Threats from Advanced Defence Systems – The proliferation of advanced defense systems, particularly anti-access and area denial (A2/AD) capabilities, has prompted an increased demand for hypersonic technology globally. Nations are grappling with the challenge of overcoming the sophisticated anti-missile & anti-aircraft systems developed by potential adversaries. Countries like Russia & China have made substantial strides in A2/AD technologies, investing in advanced radar systems, surface-to-air missiles, and integrated air defense networks.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Hypersonic Glide Missile- Market Size & Forecast 2019-2030F, (USD Million)
-Hypersonic Cruise Missile- Market Size & Forecast 2019-2030F, (USD Million)
-Hypersonic Spaceplanes- Market Size & Forecast 2019-2030F, (USD Million)
By Launch Mode
-Air- Market Size & Forecast 2019-2030F, (USD Million)
-Land- Market Size & Forecast 2019-2030F, (USD Million)
-Sub-Sea- Market Size & Forecast 2019-2030F, (USD Million)
By Range
-Short Range- Market Size & Forecast 2019-2030F, (USD Million)
-Medium Range- Market Size & Forecast 2019-2030F, (USD Million)
-Intermediate Range- Market Size & Forecast 2019-2030F, (USD Million)
-Intercontinental Range- Market Size & Forecast 2019-2030F, (USD Million)
By End Users
-Military- Market Size & Forecast 2019-2030F, (USD Million)
-Aerial- Market Size & Forecast 2019-2030F, (USD Million)
-Naval- Market Size & Forecast 2019-2030F, (USD Million)
-Land Based- Market Size & Forecast 2019-2030F, (USD Million)
-Space- Market Size & Forecast 2019-2030F, (USD Million).
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Global Hypersonic Technology Market Geographic Reach:
The Geographic Reach of the Global Hypersonic Technology Market evaluates the spread and significance of Global Hypersonic Technology market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada
- Europe: Germany, The UK, France, Russia, Turkey, Italy, Rest of Europe
- Middle East & Africa: Israel
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- Rest of the World.
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