The global 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 tension among countries, which, in turn, is driving the demand for advanced weapons, such as supersonic and hypersonic weapons. For instance, in April 2022, as per the Defense Intelligence Agency (DIA) report about space threats, “Challenges to Security in Space-2022,” China’s test of an orbiting hypersonic missile, in 2021, was a part of an emerging arsenal of “space warfare” weapons. It stated that the hypersonic missile test last fall was a fragment of the Chinese stockpile of space arms geared at striking the US satellites used by the forces for precision-guided missiles and communications.
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The test had flickered prevalent panic and concern among the US military’s top brass. In the next month, May, 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). However, after this news, in the same month, Scientists of China, involved in the hypersonic project, claimed that China has been developing a heat-seeking hypersonic missile that is capable of striking a moving car at 6,174 kmph or 5 times the speed of sound.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., 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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