Hypersonic Missiles Global Market To Reach Value Of $123 Billion In 2025

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 Size And Drivers:

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 is contributing to the growth of the hypersonic missiles market.

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Trends In The Global Hypersonic Missiles Market

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. For example, Boeing, Lockheed Martin, and Raytheon announced plans in August 2020 to develop a new solid-rocket air-breathing hypersonic standard cruise missile for launch from current fighter-bomber aircraft. According to Air Force authorities, these businesses are the only reliable sources of hypersonic cruise missiles. Hypersonic weapons move at speeds ranging from Mach 5 to Mach 10 — or 3,840 to 7,680 miles per hour.

Global Hypersonic Missiles Market Segments:
The global hypersonic missiles market is further segmented –
By Product: Hypersonic Glide Vehicle, Hypersonic Cruise Missile
By Application: Wire Guidance, Command Guidance, Terrain Comparison Guidance, Terrestrial Guidance, Inertial Guidance, Beam Rider Guidance, Laser Guidance, Radio Frequency (RF) And GPS Reference
By End-User: Military, Civil
By Geography: The global hypersonic missiles market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American hypersonic missiles market accounts for the largest share in the global hypersonic missiles market.

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Hypersonic Missiles Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hypersonic missiles market overviews, analyzes and forecasts market size and growth for the global hypersonic missiles market, hypersonic missiles market share, hypersonic missiles market players, hypersonic missiles market segments and geographies, hypersonic missiles market’s leading competitors’ revenues, profiles and market shares. The hypersonic missiles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.