Hypersonic Technology Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The 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.  

Markntel Advisor’s Hypersonic Technology Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Hypersonic Technology Market drivers, barriers, Hypersonic Technology Market Trends, and Key Players in Hypersonic Technology Market.

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Hypersonic Technology Market Dynamics: 2024-2030

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.

Russia’s deployment of the S-400 Triumf anti-aircraft system and China’s development of the DF-21D anti-ship ballistic missile illustrate the growing threat to traditional military strategies. These advanced systems pose a significant threat to traditional missile delivery systems, necessitating the development of hypersonic weapons that can effectively evade or counteract these defenses. As a result, the US, India, and other NATO members are accelerating their efforts to deploy hypersonic capabilities to maintain a credible offensive deterrent, driving the demand for hypersonic technology among the end-users.

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Hypersonic Technology Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• 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)
• By Region
  • North America
  • Europe
  • The Middle East & Africa
  • Asia Pacific
  • Rest of the World

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Hypersonic Technology Market:

• BAE Systems
• Brahmos Aerospace
• General Dynamics Corporation
• Lockheed Martin
• Leidos (Dynetics)
• Spirit AeroSystems, Inc.
• L3 Harris Technologies Inc.
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Saab AB
• SPACEX
• Thales Group
• Hypersonix
• Hermeus Corp.
• Defence Research and Development Organisation (DRDO) 

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