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 type, the missile segment is anticipated to hold a prominent share in the market during the forecast period owing to the rising procurement of missiles by several countries across the globe. While cruise missiles are among the most procured missiles, researchers are also in the growth to develop advanced ballistic missiles, particularly hypersonic ones. Multiple countries such as the US, China, India, and others have developed their missile defense programs for countering threats from enemy countries. For instance, in January 2020, the Ballistic Missile Defence (BMD) program of India was completed, and the Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) started working on a proposal for seeking the government’s nod for installing the missile shield for the capital of national. The BMD and the Russian S-400 Triumf air defense system, aimed for securing the country from all types of incoming missiles, including flying objects, and nuclear. Moreover, countries in the Middle East such as Iran and Israel, are testing and including hypersonic and supersonic missiles in their armory in the wake of rising political tensions in the region. For instance, in October 2021, Israel Aerospace Industries (IAI) and Lockheed Martin partnered for developing a hypersonic interceptor missile, enhancing Israeli air defense capabilities. Such developments are anticipating the growth to be driven further by the segment in the upcoming years.
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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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