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Hypersonic Missile Market Size, Share And Russia-Ukraine War Impact Analysis, By Type (Glide Vehicle (HGV), Cruise Missile (H.C.M.), and Ballistic Missile (H.B.M.)), By Launching Platform (Air launched, Land launched, and Marine launched) By Range (Long Range ( Above 2000 Km) and Short Range (Up To 1000 Km)), By Propulsion Engine (Liquid And Solid-Fueled Rockets, Turbojet, Ramjet, Ducted Rocket, Scramjet, and Dual-Combustion Ramjet) By Overhead (Conventional and Nuclear), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108333 | Status : Ongoing



The global hypersonic missile market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. A hypersonic missile is a self-propelled maneuverable precision-guided weapon system that flies at least at a speed of Mach 5, which means five times the speed of sound and is an essential advancement in the aerospace and defense sector for any country. Its advantage over ballistic missiles is that it doesn’t follow the ballistic trajectory and can be maneuver at these high speeds to any intended target. Conventional hypersonic missiles can attack even underground objects using kinetic energy derived from the motion. The terrestrial radars can’t detect the hypersonic missiles until late in the missile’s flight.

The U.S. military is creating hypersonic missiles that combine two well-developed missile types with desirable characteristics: ballistic missiles’ speed and vast ranges and subsonic cruise missiles’ maneuverability and capacity to withstand midcourse missile defense. However, hypersonic missiles pose fresh technical difficulties. The rise in threats of terrorist attacks, with the technological advancement and rise in demand for speedy attacks, drives the global hypersonic missile market to grow in the upcoming days. Most governments, such as the U.S., Russia, China, and Germany, are spending a lot to strengthen their defense sector to ensure the nation’s safety and security. Most of the major countries are heavily investing in their research and development of the hypersonic missile industry, new scrum jets, and other emerging technology, which also positively impacts this market. For instance, in F.Y. 2023, the budget request for hypersonic research surged to USD 4.7 billion from USD 3.8 billion last year, with an additional USD 225.5 million for hypersonic defense, requested by D.O.D.

However, high temperature generated by hypersonic flight and developing propulsion system, that can operate efficiently at hypersonic speed are the major challenges. Also, so many ambiguities with the development of hypersonic missiles challenges this market’s growth. The development activity is mostly clouded and is top secret for every country. Another challenge for this missile is the predictability of hitting the target. It takes lots of attempts to make once successful missile launching.

Impact of the Russia-Ukraine War on the Global Hypersonic Missile Market:

The ongoing conflict of the Russia-Ukraine war has significantly impacted Hypersonic Missile Market. For instance, in March 2023, Russia used six hypersonic missiles named “Kinzhal” in a general strike of 81 missiles on Ukraine. The war increased the demand for hypersonic missiles industry not only in developed nations but also in the developing nations of the rest of the world. As Indian and Russian governments announced plans to develop a hypersonic cruise missile BrahMos 2K, in recent days. Moreover, the war has created new opportunities for other players to enter this market. Countries includes China and South Korea entered this market to fill the gap. For instance, in November 2021, China conducted a hypersonic missile test last summer with advanced maneuvers where a projectile was fired from the system during flight.

Key Insights:

The report will cover the following key insights:

  • The report analyzes a detailed industry overview, including qualitative and quantitative information.

  • It analyzes an overview and forecast of the global hypersonic missile market based on various segments.

  • The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, and Rest of the World after evaluating economic, political and technological factors affecting the impact of the global hypersonic missile market in these regions.

Regional Analysis:

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The U.S. from North American region, Russia from Europe, and China from the Asia Pacific region are the three major countries of each region capturing the hypersonic missile market. Although, the North American region will experience high growth due to the growing demand to suppress various military groups from every corner of the globe. For example, U.S. successfully tested a hypersonic air breathing weapon missile in mid-March of last year but kept quiet to avoid escalating tensions with Russia. China and India from the Asia Pacific region are among the increasing nations in this market. For instance, India operates 12 successful hypersonic wind tunnels and will test Mach 13 cruise missiles under Hypersonic Technology Demonstrator Vehicle Program (HTDVP). Middle East region (Iran and Israel) also invested a lot in missile technology and will be a major significant region in future.

Key Players Covered:

  • Aerojet Rocketdyne Holdings Inc

  • The Boeing Company

  • Brahmos Aerospace Pvt. Ltd

  • Denel Dynamics

  • General Dynamics Corporation

  • Lockheed Martin Corporation

  • Northrop Grumman Corporation

  • J.S.C. Tactical Missiles Corporation

  • Raytheon Technologies

  • SAAB

  • Thales Group

  • Others

Hypersonic Missile Market Segmentation:

By  Type

By  Launching Platform

By   Range

By Propulsion Engine

By  Overhead

By Region

  • Glide vehicle (HGV)

  • Cruise missile (HCM)

  • Ballistic missile (HBM)

  • Air launched

  • Land launched

  • Marine launched

  • Long Range (Above 2000 km)

  • Short Range (Up to 1000 km)

  • Liquid and solid-fueled rockets

  • Turbojets

  • Ramjet

  • Ducted rocket

  • Scramjet

  • Dual-combustion ramjet

  • Conventional

  • Nuclear

  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, Malaysia, and Rest of Asia Pacific)

  • Rest of the World (Middle-East and Africa, and Latin America)

Key Industry Developments:

  • In February 2023, the Dept. of Defense, U.S. Navy partnered with Lockheed Martin, U.S. based one of the largest supplier of ever evolving missions in exchange for a contract more than USD 2 billion to integrate hypersonic strike capability onto surface ships.

  • In October 2022, Raytheon Technologies banged with a deal from U.S. Air Force (USAF). They invested USD 985 million to develop and demonstrate the Air Force’s newest weapon system, the air-launched hypersonic attack cruise missile (HACM).

  • In April 2022, The United States, United Kingdom and Australia Govt. announced that they would work together via the recently created security alliance AUKUS to develop hypersonic missiles.

  • In February 2022, it was published that The U.K. and France signed a government agreement and associated contracts as part of the FC/ASW (Future Cruise/Anti-Ship Weapon) program. This also came with the announcement that the program had begun assessing the hypersonic missile’s design.

  • Ongoing
  • 2023
  • 2019-2022

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