Hypersonic Missiles Global Market Report 2023

Description

“Hypersonic Missiles Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hypersonic missiles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hypersonic missiles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hypersonic missiles market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Hypersonic Glide Vehicle; Hypersonic Crusie Missile

2) By Application: Wire Guidance; Command Guidance; Terrain Comparision Guidance; Terrestial Guidance; Inertial Guidance; Beam Rider Guidance; Laser Guidance; Radio Frequencey (RF) And GPS Reference

3) By End-Users: Military; Civil

Companies Mentioned: Lockheed Martin; Raytheon Technologies; Northrop Grumman; Boeing; Saab AB

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the hypersonic missiles market are: Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, Saab AB, Systima Technologies, Mitsubishi Heavy Industries Ltd., Tactical Missiles Corporation, China Aerospace Science and Industry Corporation, Thales Group, and Denel Dynamics.

The global hypersonic missiles market grew from $112.02 million in 2022 to $125.04 million in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hypersonic missiles market is expected to grow to $181.87 million in 2027 at a CAGR of 9.8%.

The hypersonic missiles market consists of sales of hypersonic missiles such as aero-ballistic missiles. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The hypersonic missiles refer to missiles powered by high-speed, air-breathing engines, or scramjets. The hypersonic missiles travel five times faster than sound, which is roughly 1 mile per second and can reach speeds of up to 7672 miles per hour or more. Hypersonic weapons reduce the time it takes to pursue a target, the time warnings are available to an enemy, and the time defense systems have to deal with an imminent threat.

North America was the largest region in the hypersonic missiles market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hypersonic missiles report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of products in hypersonic missiles are hypersonic glide vehicles and hypersonic cruise missiles. The hypersonic glide vehicles are a type of hypersonic missile that utilizes a re-entry vehicle to breach the speed of sound which is enough to overcome existing missile defense systems. It is used in wire guidance, command guidance, terrain contour matching, terrestrial guidance, inertial guidance, beam rider guidance, laser guidance, and radiofrequency, and GPS reference and is implemented in various verticals such as military and civil.

The increase in initiatives and funding from the governments and defense forces is contributing to the growth of the hypersonic missiles market. Governments and defense sectors started funding the research on the hypersonic area to strengthen the forces. For instance, the Pentagon, the headquarters building of the United States Department of Defense, requested a $3.8 billion budget for hypersonic research for the fiscal year 2022. Furthermore, according to the Stockholm International Peace Research Institute report in 2021, global military spending increased to $2 trillion in 2020, a 2.6% increase over 2019. Therefore, the increase in initiatives and funding from governments and defense forces is expected to drive the growth of the hypersonic missiles market over the coming years.

The development of new hypersonic cruise missiles is a key trend gaining popularity in the hypersonic missiles market. Major companies operating in the hypersonic missiles sector are focused on developing hypersonic missiles to strengthen their position. For example, Boeing, Lockheed Martin, and Raytheon announced plans in August 2020 to develop a new solid-rocket air-breathing hypersonic standard cruise missile for launch from current fighter-bomber aircraft. According to Air Force authorities, these businesses are the only reliable sources of hypersonic cruise missiles. Hypersonic weapons move at speeds ranging from Mach 5 to Mach 10 - or 3,840 to 7,680 miles per hour.

In December 2020, Lockheed Martin, a US-based aerospace company acquired Aerojet Rocketdyne for a deal amount of $4.4 billion. The acquisition is expected to enhance Lockheed Martin's allied security missions, space, and hypersonic technology. Aerojet Rocketdyne is a US-based rocket and missile, propulsion manufacturer.

The countries covered in the hypersonic missiles market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hypersonic missiles market research report is one of a series of new reports from The Business Research Company that provides hypersonic missiles market statistics, including hypersonic missiles industry global market size, regional shares, competitors with a hypersonic missiles market share, detailed hypersonic missiles market segments, market trends and opportunities, and any further data you may need to thrive in the hypersonic missiles industry. This hypersonic missile market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3568

1. Executive Summary

2. Hypersonic Missiles Market Characteristics

3. Hypersonic Missiles Market Trends And Strategies

4. Hypersonic Missiles Market - Macro Economic Scenario

4.1 COVID-19 Impact On Hypersonic Missiles Market
4.2 Ukraine-Russia War Impact On Hypersonic Missiles Market
4.3 Impact Of High Inflation On Hypersonic Missiles Market

5. Hypersonic Missiles Market Size And Growth

5.1. Global Hypersonic Missiles Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Hypersonic Missiles Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Hypersonic Missiles Market Segmentation

6.1. Global Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Hypersonic Glide Vehicle
Hypersonic Crusie Missile
6.2. Global Hypersonic Missiles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Wire Guidance
Command Guidance
Terrain Comparision Guidance
Terrestial Guidance
Inertial Guidance
Beam Rider Guidance
Laser Guidance
Radio Frequencey (RF) And GPS Reference
6.3. Global Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Military
Civil

7. Hypersonic Missiles Market Regional And Country Analysis

7.1. Global Hypersonic Missiles Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Hypersonic Missiles Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Hypersonic Missiles Market

8.1. Asia-Pacific Hypersonic Missiles Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Hypersonic Missiles Market

9.1. China Hypersonic Missiles Market Overview
9.2. China Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Hypersonic Missiles Market

10.1. India Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Hypersonic Missiles Market

11.1. Japan Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Hypersonic Missiles Market

12.1. Australia Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Hypersonic Missiles Market

13.1. Indonesia Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Hypersonic Missiles Market

14.1. South Korea Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Hypersonic Missiles Market

15.1. Western Europe Hypersonic Missiles Market Overview
15.2. Western Europe Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Hypersonic Missiles Market

16.1. UK Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Hypersonic Missiles Market

17.1. Germany Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Hypersonic Missiles Market

18.1. France Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Hypersonic Missiles Market

19.1. Eastern Europe Hypersonic Missiles Market Overview
19.2. Eastern Europe Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Hypersonic Missiles Market

20.1. Russia Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Hypersonic Missiles Market

21.1. North America Hypersonic Missiles Market Overview
21.2. North America Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Hypersonic Missiles Market

22.1. USA Hypersonic Missiles Market Overview
22.2. USA Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Hypersonic Missiles Market

23.1. South America Hypersonic Missiles Market Overview
23.2. South America Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Hypersonic Missiles Market

24.1. Brazil Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Hypersonic Missiles Market

25.1. Middle East Hypersonic Missiles Market Overview
25.2. Middle East Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Hypersonic Missiles Market

26.1. Africa Hypersonic Missiles Market Overview
26.2. Africa Hypersonic Missiles Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Hypersonic Missiles Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Hypersonic Missiles Market Competitive Landscape And Company Profiles

27.1. Hypersonic Missiles Market Competitive Landscape
27.2. Hypersonic Missiles Market Company Profiles
- 27.2.1. Lockheed Martin
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Raytheon Technologies
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Northrop Grumman
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Boeing
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Saab AB
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Hypersonic Missiles Market

29. Hypersonic Missiles Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer