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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Based on region, Europe is anticipated to hold a prominent share in the market owing to the rising demand for supersonic and hypersonic weapons by several European countries, such as Russia, France, Germany, and others in the region. Russia has been the key demand-generating country in the region as the country is progressing onward with the expansion of many advanced missile systems. For instance, in November 2021, Russia informed about its navy’s successfully test-fired a prospective hypersonic missile. The Defense Ministry stated that the Admiral Gorshkov frigate in the White Sea released the Zircon cruise missile which hit a practice target 400 kilometers (215 nautical miles) afar. The release was the latest in a series of tests of Zircon, which is expected to come into service in 2022. Russia has also created Kh-47M2 Kinzhal (“Dagger”) Nuclear-Capable, Air-Launched Ballistic Missile (ALBM) that can attain speeds of more than Mach 10. Similarly, France has also joined the race in developing ‘hypersonic’ weapons, after Russia, China, and the US. For instance, in January 2019, France launched its Project V-MaX, which aimed to make a hypersonic glider that can speed up more than Mach 5 (nearly 3,700 miles per hour).
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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