Hypersonic Technology Trends and Forecast
The future of the global hypersonic technology market looks promising with opportunities in the military, air force, navy, and space markets. The global hypersonic technology market is expected to reach an estimated $12.1 billion by 2030 with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are increase in number of territorial conflicts throughout the world, rising advancements in hypersonic technology deployment, and advances in scramjet technology for hypersonic missiles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hypersonic Technology by Segment
The study includes a forecast for the global hypersonic technology by type, launch mode, end use, and region.
Hypersonic Technology Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hypersonic Glide Vehicle
• Hypersonic Cruise Missile
• Hypersonic Spaceplanes
Hypersonic Technology Market by Launch Mode [Shipment Analysis by Value from 2018 to 2030]:
• Air Launched
• Surface Launched
• Subsea Launched
Hypersonic Technology Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Military
• Air Force
• Navy
• Space
Hypersonic Technology Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hypersonic Technology Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hypersonic technology companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hypersonic technology companies profiled in this report include-
• BAE Systems
• Dynetics
• Hermeus
• Lockheed Martin
• MBDA
• Northrop Grumman
• Raytheon Technologies
• Reaction Engines
• The Boeing Company
• Velontra
Hypersonic Technology Market Insights
Lucintel forecasts that hypersonic glide vehicle will remain the largest segment over the forecast period due to it’s versatility & unique operational advantages like combination of long-range precision & unpredictable flight paths.
Within this market, air force will remain the largest segment.
North America will remain the largest region over the forecast period due to significant spending on defense and robust R&D initiatives.
Features of the Global Hypersonic Technology Market
Market Size Estimates: Hypersonic technology market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hypersonic technology market size by type, launch mode, end use, and region in terms of value ($B).
Regional Analysis: Hypersonic technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, launch mode, end use, and regions for the hypersonic technology market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hypersonic technology market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hypersonic technology market size?
Answer: The global hypersonic technology market is expected to reach an estimated $12.1 billion by 2030.
Q2. What is the growth forecast for hypersonic technology market?
Answer: The global hypersonic technology market is expected to grow with a CAGR of 8.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hypersonic technology market?
Answer: The major drivers for this market are increase in number of territorial conflicts throughout the world, rising advancements in hypersonic technology deployment, and advances in scramjet technology for hypersonic missiles.
Q4. What are the major segments for hypersonic technology market?
Answer: The future of the global hypersonic technology market looks promising with opportunities in the military, air force, navy, and space markets.
Q5. Who are the key hypersonic technology market companies?
Answer: Some of the key hypersonic technology companies are as follows:
• BAE Systems
• Dynetics
• Hermeus
• Lockheed Martin
• MBDA
• Northrop Grumman
• Raytheon Technologies
• Reaction Engines
• The Boeing Company
• Velontra
Q6. Which hypersonic technology market segment will be the largest in future?
Answer: Lucintel forecasts that hypersonic glide vehicle will remain the largest segment over the forecast period due to it’s versatility & unique operational advantages like combination of long-range precision & unpredictable flight paths.
Q7. In hypersonic technology market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to significant spending on defense and robust R&D initiatives.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hypersonic technology market by type (hypersonic glide vehicle, hypersonic cruise missile, and hypersonic spaceplanes), launch mode (air launched, surface launched, and subsea launched), end use (military, air force, navy, and space), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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