Hypersonic Technology Market Thrives at USD 7.2 Billion in 2023, and Set to Grow 9.32% CAGR Growth By 2030

Global Hypersonic Technology Market

In-Depth Analysis of the Global Hypersonic Technology Market: 2024-2030 Forecasts

MarkNtel Advisors has recently released an in-depth study on the Hypersonic Technology Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

How big is the Keyword Industry?

The Global Hypersonic Technology Market size was valued at around 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.

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Who are the top players in the Hypersonic Technology Market?

  • 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
  • Thales Group
  • Hypersonix
  • Hermeus Corp.
  • Defence Research and Development Organisation (DRDO)
  • Others

Global Hypersonic Technology Market Segmentation:

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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Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

What are the primary market drivers influencing the growth of Hypersonic Technology Market?

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.

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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Gain a Competitive Edge with Market Research Report

  1. The Global Hypersonic Technology Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
  2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
  3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
  4. Apart from market trends and projections, the Global Hypersonic Technology Market Report assists in assessing and mitigating risks associated with entering or operating in the market
  5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

About Us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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