Jun 7, 2023   SOURCE: BusinessWire

Global Supersonic and Hypersonic Missiles Market Report 2023: Advancements in Hypersonic are Quickly Accelerating - ResearchAndMarkets.com

The "Supersonic and Hypersonic Missiles Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Overall world revenue for Supersonic and Hypersonic Missiles Market, 2023 to 2033 in terms of value the market will surpass US$16,707.0 million in 2023, this work calculates.

This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Advancements in Hypersonic Are Quickly Accelerating

A number of commercial and military applications of hypersonic technology are currently being developed. In the race to market, the aerospace and military industries are starting, having a technological edge is just the beginning. Over the projection period, a number of significant developmental programmes will likely be carried out.

By learning more about hypersonic technology, aerospace and defence (A&D) businesses can better position themselves to take advantage of a sizable new market opportunity in the years to come. Four key elements of A&D organisations' operations will almost surely need to change as a result of hypersonic: market strategy, design and engineering, production, and personnel.

There have been a number of advancements in the development of supersonic and hypersonic missiles, including: Researchers are working on new propulsion systems that can operate efficiently at supersonic and hypersonic speeds. New materials are being developed that can withstand the high temperatures which includes the use of special alloys and composites that are lightweight yet strong and heat-resistant. Advances in guidance and control systems allow for more precise and responsive navigation at supersonic and hypersonic speeds. This includes advances in guidance and control algorithms, as well as the use of new sensors and communication systems.

High Development Cost of Supersonic and Hypersonic Missiles to Restrain Market Growth

A significant roadblock for the global supersonic and hypersonic weapons business is the excessive costs associated with the development of these crucial defence capabilities. The Pentagon has proposed $4.7 billion for hypersonic research in FY2023, up from the $3.8 billion requested in FY2022.

The Missile Defense Agency also requested an additional $225.5 million for hypersonic defence. Chinese and Russian researchers have been working on hypersonic technologies for more than ten years. China has financial resources but lacks knowledge, while the United States has both, despite having launched its efforts later than either China or Russia and is now catching up. Russia is already ahead in this arms race, but it has financial resources.

China is seen as a comparably significant participant and has made significant advancements in the hypersonic field. Similar to Russia's justification, China claims that its development of hypersonic missiles is motivated by apprehension that US hypersonic weapons may enable the US to undertake a pre-emptive, decapitating attack on China's nuclear arsenal and supporting infrastructure. If the US develops missile defence systems, China's ability to launch a retaliation attack against the US might be constrained.

Segments Covered in the Report

Platform

  • Land-Based Platforms
  • Naval-Based Platforms
  • Aerial-Based Platforms

Type

  • Hypersonic Cruise Missile
  • Hypersonic Glide Vehicle

Component

  • Missile Structures
  • Thermal Protection Systems
  • Sensor Windows
  • Launching Requirements
  • Propulsion System

Speed

  • Mach 1-2
  • Mach 2-4
  • Mach 4-8
  • Mach 8-10

Range

  • Short-Range Missiles
  • Medium-Range Missiles
  • Long-Range Missiles

Leading companies and the potential for market growth

  • Aerojet Rocketdyne Holdings Inc.
  • AeroVironment, Inc.
  • Brahmos Aerospace Limited
  • China Aerospace Science & Industry Corporation Limited (CASIC)
  • DRDO
  • Elbit Systems
  • Kongsberg Gruppen AS
  • Kratos Defence& Security Solutions Inc.
  • L3Harris Technologies, Inc.
  • Leidos
  • Lockheed Martin Corporation
  • MBDA Holdings SAS
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Tactical Missiles Corporation JSC (KTRV)
  • The Boeing Company

How will the Supersonic and Hypersonic Missiles Market, 2023 to 2033 report help you?

In summary, this 320-page report provides you with the following knowledge:

  • Revenue forecasts to 2033 for Supersonic and Hypersonic Missiles Market, 2023 to 2033 Market, with forecasts for Platform, Type, Component, Speed, and Range, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2033 for four regional and 10 key national markets - See forecasts for the Supersonic and Hypersonic Missiles Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, and LAMEA. Also forecasted is the market in the US, China, and Russia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market - including company profiles for 17 of the major companies involved in the Supersonic and Hypersonic Missiles Market, 2023 to 2033.

For more information about this report visit https://www.researchandmarkets.com/r/3btgeh

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