Supersonic and hypersonic weapons market is anticipated to grow at a CAGR of 6.5% during the forecast period. One of the key factors that are fueling the market growth is the rising adoption of advanced technologies in the defense section of multiple countries such as China, India, Russia, the US, and others which have been boosting the demand for these weapons. For instance, in May 2022, the US Air Force stated that it executed a successful test of a hypersonic weapon, which can fly at 5 times the speed of sound. The test was performed on the coast of Southern California when a B-52 bomber freed an Air-launched Rapid Response Weapon (ARRW).
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The global supersonic and hypersonic weapons market is segmented based on the type, speed, and platform. Based on the type, the market is segmented into missiles and hypersonic glide vehicles. Based on the speed, the market is segmented into the supersonic and hypersonic. Based on the platform, the market is segmented into the land, naval, and aerial. The above-mentioned segments can be customized as per the requirements. Based on type, the missile segment is anticipated to hold a prominent share in the market owing to the rising procurement of missiles by several countries across the globe, while, based on speed, the hypersonic segment is anticipated to grow significantly during the forecast period owing to the higher speed offered by a hypersonic weapon.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Supersonic and Hypersonic Weapons Market Report by Segment
By Type
- Missiles
- Hypersonic Glide Vehicles
By Speed
- Supersonic
- Hypersonic
By Platform
- Land
- Naval
- Aerial
Global Supersonic and Hypersonic Weapons Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global supersonic and hypersonic weapons market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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