hypersonic missiles market
Aerospace and Defense

Global Hypersonic Missiles Market Outlook, Opportunities And Strategies

Learn about the global hypersonic missiles market through The Business Research Company, which provides information on hypersonic missiles market size, hypersonic missiles market drivers and restraints, hypersonic missiles market players, the COVID-19 impact on the hypersonic missiles market, and more.

The global hypersonic missile market is expected to grow from $94.21 million in 2020 to $98.96 million in 2021 at a compound annual growth rate (CAGR) of 5%. The growth in the hypersonic missiles market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hypersonic missiles market is expected to reach $123.18 million in 2025 at a CAGR of 5.6%.

The increase in initiatives and funding from the governments and defense forces are expected to drive hypersonic missiles manufacturing, thus driving the market during the forecast period.

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The hypersonic missiles market consists of sales of hypersonic missiles by entities (organizations, partnerships) that manufacture hypersonic missiles powered by high-speed, air-breathing engines, or scramjets. The hypersonic missiles travel five times faster than sound, which is roughly 1 mile per second and can reach speeds of up to 7672 miles per hour or more. Hypersonic weapons reduce the time it takes to pursue a target, the time warnings are available to an enemy, and the time defense systems have to deal with an imminent threat.

Global hypersonic missiles market segments include:
By Product: Hypersonic Glide Vehicle, Hypersonic Crusie Missile
By Application: Wire Guidance, Command Guidance, Terrain Comparision Guidance, Terrestial Guidance, Inertial Guidance, Beam Rider Guidance, Laser Guidance, Radio Frequencey (RF) And GPS Reference
By End-User: Military, Civil
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the hypersonic missiles market in 2020.

The development of new hypersonic cruise missiles is a key trend gaining popularity in the hypersonic missiles market. Major companies operating in the hypersonic missiles sector are focused on developing hypersonic missiles to strengthen their position.

TBRC’s hypersonic missiles market report covers:
Major Market Players: Lockheed Martin, Raytheon Technologies, Northrop Grumman, Boeing, Saab AB, Systima Technologies, Mitsubishi Heavy Industries Ltd., Tactical Missiles Corporation, China Aerospace Science and Industry Corporation, Thales Group, and Denel Dynamics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Hypersonic Missiles Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides hypersonic missiles market overviews, analyzes and forecasts market size, share, hypersonic missiles market players, hypersonic missiles market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hypersonic missiles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:
Military Robots Global Market Report 2021
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Military Gliders And Drones Global Market Report 2021

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