PUBLISHER: The Business Research Company | PRODUCT CODE: 1760131
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760131
Hypersonic travel refers to flight at speeds exceeding Mach 5 (five times the speed of sound), enabling extremely fast travel over long distances and significantly reducing intercontinental journey times, often to just a few hours. It utilizes advanced aerospace technologies including high-temperature materials, specialized propulsion systems (such as scramjets), and sophisticated thermal management to endure the extreme aerodynamic forces and heat generated at such high speeds.
The primary vehicle types for hypersonic travel include passenger aircraft, spaceplanes, and military aircraft. Passenger aircraft refers to future aircraft designed to carry passengers at speeds above Mach 5 (approximately 3,800 miles per hour or 6,100 kilometers per hour), which is five times the speed of sound. These hypersonic passenger planes would transform long-distance air travel by drastically cutting flight times between cities worldwide. They operate at various speeds, including Mach 5-10, Mach 10-25, and above Mach 25. These aircraft are intended for commercial, military, and space exploration applications, serving end users such as civil aviation, defense, and space agencies.
The hypersonic travel market research report is one of a series of new reports from The Business Research Company that provides hypersonic travel market statistics, including the hypersonic travel industry's global market size, regional shares, competitors with a hypersonic travel market share, detailed hypersonic travel market segments, market trends and opportunities, and any further data you may need to thrive in the hypersonic travel industry. This hypersonic travel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hypersonic travel market size has grown rapidly in recent years. It will grow from $4.02 billion in 2024 to $4.79 billion in 2025 at a compound annual growth rate (CAGR) of 19.1%. The growth during the historic period can be attributed to advancements in military hypersonic programs, early aerospace innovations, increased defense spending, initial research into scramjet propulsion, and space exploration initiatives.
The hypersonic travel market size is expected to see rapid growth in the next few years. It will grow to $9.56 billion in 2029 at a compound annual growth rate (CAGR) of 18.9%. The growth during the forecast period can be attributed to the demand for ultra-fast travel, investments in commercial hypersonic flights, growing interest in space tourism, the private sector space race, and increasing defense and security needs. Key trends for the forecast period include the emergence of reusable hypersonic vehicles, partnerships between aerospace giants and startups, advancements in propulsion system efficiency, a rising focus on sustainable hypersonic fuels, and the development of global hypersonic travel networks.
The growing demand for faster air travel is expected to drive the expansion of the hypersonic travel market. Faster air travel refers to significantly reduced flight times over long distances, enabling passengers to reach their destinations much more quickly than with traditional air travel. This trend is fueled by increasing global connectivity and a rising preference for shorter travel times, particularly among business travelers, tourists, and those needing time-sensitive transportation. As a result, faster air travel is contributing to the growth of hypersonic travel by driving demand for aircraft capable of reaching speeds over Mach 5, allowing vast distances to be covered in a fraction of the usual time. For example, a 2022 report by Boom Supersonic, a US-based supersonic airliner company, revealed that 97% of global premium passengers (those who frequently fly internationally in business or first class) are interested in flying on a supersonic airplane for long-haul international trips, up from 81% in 2021. Thus, the rising demand for faster air travel is propelling growth in the hypersonic travel market.
Leading companies in the hypersonic travel market are focused on developing cutting-edge hypersonic technologies to improve speed, efficiency, and global connectivity. Hypersonic technologies involve innovations that allow aircraft to travel at speeds above Mach 5, significantly reducing travel times across vast distances and offering transformative potential for international travel. For example, in June 2022, Venus Aerospace Corp., a US-based aerospace company, introduced its Stargazer hypersonic aircraft concept. The Stargazer is designed to reach speeds of Mach 9, enabling passengers to travel to any destination on Earth in roughly one hour. Powered by a next-generation rotating-detonation engine, the aircraft represents a major advancement in hypersonic travel technology. Venus Aerospace aims to revolutionize global transportation by combining extreme speed with innovative propulsion systems, potentially turning long-haul flights into short, one-hour journeys.
In October 2024, Special Aerospace Services LLC (SAS), a US-based aerospace and defense company, acquired Concordia Technologies Inc. for an undisclosed amount. This acquisition is aimed at expanding SAS's capabilities in hypersonic and missile defense systems by integrating advanced sensor design, evaluation services, and modeling and simulation technologies. The move aligns with SAS's goal of enhancing national security solutions through cutting-edge aerospace innovations. Concordia Technologies Inc. is a US-based defense and aerospace technology company, specializing in hypersonic weapons, missile defense systems, and advanced modeling and simulation solutions.
Major players in the hypersonic travel market are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Leidos Holdings Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin Enterprises L.P., Aerojet Rocketdyne Holdings Inc., Sierra Nevada Corporation, Kratos Defense & Security Solutions Inc., Stratolaunch Systems Corporation, Hermeus Corporation, Dawn Aerospace Limited, Venus Aerospace Corp., Reaction Engines Limited, Hypersonix Launch Systems Ltd., and Virgin Galactic Holdings Inc.
North America was the largest region in the hypersonic travel market in 2024. The regions covered in hypersonic travel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the hypersonic travel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hypersonic travel market consists of revenues earned by entities by providing services such as ultra-fast intercontinental passenger transport, hypersonic cargo logistics, rapid military deployment services, space tourism flights, and emergency evacuation missions at hypersonic speeds. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The hypersonic travel market also includes sales of hypersonic vehicles, specialized propulsion systems, thermal protection systems, navigation and control systems, and ground support infrastructure. 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 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 and 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.
Hypersonic Travel Global Market Report 2025 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 travel 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.
Where is the largest and fastest growing market for hypersonic travel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hypersonic travel 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.