Discover trends, market shifts, and competitive outlooks for the hypersonic missiles industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Hypersonic Missiles Market Size Shifted, And What Is the Outlook Through 2034?

In the last few years, there has been a rapid expansion in the hypersonic missiles market. The market, worth $132.69 billion in 2024, is anticipated to rise to $146.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.1%. The significant historical growth can be traced back to the evolution in military programs, escalating geopolitical tensions and armament competition, strategic deterrence and national safety concerns, an augmented perception of threats, and the surge in defense budgets.

Expectations are that the hypersonic missiles market, currently projected to burgeon significantly in the ensuing years, will attain a staggering worth of $204.58 billion by 2029, growing with a Compound Annual Growth Rate (CAGR) of 8.8%. Factors contributing to the predicted expansion during the forecast period include heightened emphasis on offensive and defensive capacity, worldwide military cooperation and partnerships, growing need for precise strike abilities, focus on scalability and affordability and incorporation into multi-domain operations. Foreseen trends during this period comprise quick technological progression, forward moves in aerospace technology, evolution in hypersonic technology, increase in military expenditure and the emergence of hypersonic glide vehicles.

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What Are the Primary Drivers Supporting the Market Growth of the Hypersonic Missiles Market?

The hypersonic missiles market is witnessing growth, largely attributed to the surge in initiatives and financial support from governments and defence forces. Research in the hypersonic sphere has seen increased funding from governments and defence sectors to fortify their forces. To illustrate this, the Pentagon, which serves as the United States Department of Defense’s head office, put forth a budget request of $3.8 billion designated specifically for hypersonic research for the 2022 fiscal year. In another development recorded by the Stockholm International Peace Research Institute, a Swedish specialized institute in April 2023, global military expenditure rose to an all-time high of $2,240 billion in 2022. This is a 3.7% increase from the previous year’s figures. The top three countries in military spending in 2022 were the United States, China, and Russia, which combined, contributed to 56% of the global total. The United States stood as the world’s leading military spender, contributing $877 billion, equivalent to 39% of total global military expenditure. Therefore, anticipated market growth in hypersonic missiles is expected to be driven by the increased funding and initiatives by government and defence sectors in the years to come.

Which Primary Segments of the Hypersonic Missiles Market Are Driving Growth and Industry Transformations?

The hypersonic missiles market covered in this report is segmented –

1) By Product: Hypersonic Glide Vehicle, Hypersonic Cruise Missile

2) By Application: Wire Guidance, Command Guidance, Terrain Comparison Guidance, Terrestrial Guidance, Inertial Guidance, Beam Rider Guidance, Laser Guidance, Radio Frequency (RF) And GPS Reference

3) By End-Users: Military, Civil

Subsegments:

1) By Hypersonic Glide Vehicle (HGV): Boost-Glide Systems, Maneuverable Reentry Vehicles

2) By Hypersonic Cruise Missile: Air-Breathing Hypersonic Missiles, Turbojet And Scramjet Powered Missiles

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Hypersonic Missiles Market?# Market?

North America was the largest region in the hypersonic missiles market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hypersonic missiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Most Significant Market Trends in the Hypersonic Missiles Market?

Leading nations globally are heightening their efforts to initiate long-range hypersonic programs to secure an advantage in the market. These programs are primarily military or aerospace schemes aimed at the creation, investigation, and application of hypersonic missile systems with long-range capacities. For instance, in October 2022, a successful hypersonic weapon components flight test was overseen by the United States Department of Defense. This test was executed by the United States Navy and Army at NASA’s Wallops Flight Facility in Virginia. The objective of the test was to confirm the future components of the Navy’s Conventional Prompt Strike (CPS) and the Army’s Long Range Hypersonic programs. The elements evaluated in the test included hypersonic weapon navigation and communication equipment, as well as advanced glide vehicles. These hypersonic glide vehicles are projected from a rocket in the high atmosphere and steer towards the target at roughly 3,853 miles (6,200 km) per hour.

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What Parameters Are Used to Define the Hypersonic Missiles Market?

Hypersonic missiles refer to 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.

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