Supersonic and Hypersonic Weapons Market
Supersonic and Hypersonic Weapons Market Size, Share & Trends Analysis Report, By Type (Missiles and Hypersonic Glide Vehicles), By Speed (Supersonic and Hypersonic), By Platform (Land, Naval, and Aerial), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Supersonic and hypersonic weapons market is anticipated to grow at a CAGR of 6.5% during the forecast period. One of the key factors that are fueling the market growth is the rising adoption of advanced technologies in the defense section of multiple countries such as China, India, Russia, the US, and others which have been boosting the demand for these weapons. For instance, in May 2022, the US Air Force stated that it executed a successful test of a hypersonic weapon, which can fly at 5 times the speed of sound. The test was performed on the coast of Southern California when a B-52 bomber freed an Air-launched Rapid Response Weapon (ARRW).
Segmental Outlook
The global supersonic and hypersonic weapons market is segmented based on the type, speed, and platform. Based on the type, the market is segmented into missiles and hypersonic glide vehicles. Based on the speed, the market is segmented into the supersonic and hypersonic. Based on the platform, the market is segmented into the land, naval, and aerial. The above-mentioned segments can be customized as per the requirements. Based on type, the missile segment is anticipated to hold a prominent share in the market owing to the rising procurement of missiles by several countries across the globe, while, based on speed, the hypersonic segment is anticipated to grow significantly during the forecast period owing to the higher speed offered by a hypersonic weapon.
Based on type, the missile segment is anticipated to hold a prominent share in the market during the forecast period owing to the rising procurement of missiles by several countries across the globe. While cruise missiles are among the most procured missiles, researchers are also in the growth to develop advanced ballistic missiles, particularly hypersonic ones. Multiple countries such as the US, China, India, and others have developed their missile defense programs for countering threats from enemy countries. For instance, in January 2020, the Ballistic Missile Defence (BMD) program of India was completed, and the Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) started working on a proposal for seeking the government’s nod for installing the missile shield for the capital of national. The BMD and the Russian S-400 Triumf air defense system, aimed for securing the country from all types of incoming missiles, including flying objects, and nuclear. Moreover, countries in the Middle East such as Iran and Israel, are testing and including hypersonic and supersonic missiles in their armory in the wake of rising political tensions in the region. For instance, in October 2021, Israel Aerospace Industries (IAI) and Lockheed Martin partnered for developing a hypersonic interceptor missile, enhancing Israeli air defense capabilities. Such developments are anticipating the growth to be driven further by the segment in the upcoming years.
Regional Outlook
The global supersonic and hypersonic weapons market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Europe is anticipated to hold a prominent share in the market owing to the major growth in supersonic and hypersonic weapon technologies by several countries in the region, while, the Asia-Pacific region is anticipated to grow significantly during the forecast period owing to the high tension between the countries in the region.
Global Supersonic and Hypersonic Weapons Market Growth, by Region 2022-2028
Europe Region Anticipated to Hold a Prominent Share in the Global Supersonic and Hypersonic Weapons Market
Based on region, Europe is anticipated to hold a prominent share in the market owing to the rising demand for supersonic and hypersonic weapons by several European countries, such as Russia, France, Germany, and others in the region. Russia has been the key demand-generating country in the region as the country is progressing onward with the expansion of many advanced missile systems. For instance, in November 2021, Russia informed about its navy’s successfully test-fired a prospective hypersonic missile. The Defense Ministry stated that the Admiral Gorshkov frigate in the White Sea released the Zircon cruise missile which hit a practice target 400 kilometers (215 nautical miles) afar. The release was the latest in a series of tests of Zircon, which is expected to come into service in 2022. Russia has also created Kh-47M2 Kinzhal (“Dagger”) Nuclear-Capable, Air-Launched Ballistic Missile (ALBM) that can attain speeds of more than Mach 10. Similarly, France has also joined the race in developing ‘hypersonic’ weapons, after Russia, China, and the US. For instance, in January 2019, France launched its Project V-MaX, which aimed to make a hypersonic glider that can speed up more than Mach 5 (nearly 3,700 miles per hour).
Market Players Outlook
The major companies serving the global supersonic and hypersonic weapons market include the Boeing Co., Lockheed Martin Corp., Raytheon Technologies Corp., Saab AB and Northrop Grumman Corp. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, the US DOD informed that the Air Force’s preliminary design review (PDR) contracts with Lockheed Martin, Boeing, and Raytheon has modified for a hypersonic cruise missile. The updated agreement for the Southern Cross Integrated Flight Research Experiment (SCIFiRE) project being industrialized with Australia granting $39.7 million to $27.2 to Lockheed Martin Corp., The Boeing Co., and $27.99 million to Raytheon Technologies Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global supersonic and hypersonic weapons market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Supersonic and Hypersonic Weapons Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. The Boeing Co.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Lockheed Martin Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Northrop Grumman Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Raytheon Technologies Corp.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Saab Ab
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Supersonic and Hypersonic Weapons Market by Type
4.1.1. Missiles
4.1.2. Hypersonic Glide Vehicles
4.2. Global Supersonic and Hypersonic Weapons Market by Speed
4.2.1. Supersonic
4.2.2. Hypersonic
4.3. Global Supersonic and Hypersonic Weapons Market by Platform
4.3.1. Land
4.3.2. Naval
4.3.3. Aerial
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aerojet Rocketdyne Holdings, Inc.
6.2. ArianeGroup
6.3. BrahMos Aerospace Pvt Ltd.
6.4. China Aerospace Science & Industry Corp. Ltd.
6.5. DRDO
6.6. Israel Aerospace Industries
6.7. Kongsberg Gruppen ASA
6.8. Kratos Defense & Security Solutions, Inc.
6.9. MBDA
6.10. Northrop Grumman Corp.
6.11. Saab Group
6.12. Tactical Missiles Corp.
1. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SUPERSONIC AND HYPERSONIC MISSILES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HYPERSONIC GLIDE VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
5. GLOBAL SUPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2021-2028 ($ MILLION)
8. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR LAND MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR NAVAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR AERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
15. NORTH AMERICAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2021-2028 ($ MILLION)
16. EUROPEAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
19. EUROPEAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2021-2028 ($ MILLION)
24. REST OF THE WORLD SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
27. REST OF THE WORLD SUPERSONIC AND HYPERSONIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PLATFORM, 2021-2028 ($ MILLION)
1. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL SUPERSONIC AND HYPERSONIC MISSILES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL HYPERSONIC GLIDE VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET SHARE BY SPEED, 2021 VS 2028 (%)
5. GLOBAL SUPERSONIC WEAPONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL HYPERSONIC WEAPONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET SHARE BY PLATFORM, 2021 VS 2028 (%)
8. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR LAND MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR NAVAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS FOR AERIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL SUPERSONIC AND HYPERSONIC WEAPONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
14. UK SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD SUPERSONIC AND HYPERSONIC WEAPONS MARKET SIZE, 2021-2028 ($ MILLION)
