Hypersonic Technology market size reached USD 6.30 billion in 2020 and is expected to register a revenue CAGR of 9.9% during the forecast period

Increasing focus on new and more advanced technologies in various developed countries to strengthen defense capabilities and develop weapons of higher precision and better capabilities is a trend in the market.                                                 

The insightful data and information in the report have been gathered from a wide range of primary and secondary sources. The extensive overview of the market is also inclusive of an in-depth summary of the competitive landscape of the market on both regional and global levels.

The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Hypersonic Technology market

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Hypersonic missiles that has been developed and tested by the US, Russia, and China can attack multiple targets and with higher precision than conventional missiles, and can also carry nuclear warhead.  

Hypersonic missiles are exposed to high temperature and stress due to high speed and therefore it is imperative to develop materials that can withstand under such conditions in order to improve effectiveness and precision of missiles.

Some Key Highlights From the Report.

• In February 2021, BAE Systems plc announced investment of an additionally USD 5 million under Project Javelin, which is aimed at designing and developing hypersonic technologies in Australia.
• Hypersonic glide vehicle segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to higher preference owing to cost-effectiveness and capability of delivering multiple warheads with better precision.
• Military segment is expected to register a significantly robust revenue growth rate over the forecast period as a result of increasing geopolitical conflicts and developed countries fortifying defense capabilities with more to advanced military weapons.

Key Players:

• BAE Systems plc
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• The Boeing Company
• Reaction Engines Limited
• MBDA Missile Systems
• Hermeus Corporation
• Velontra LLC

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Emergen Research has segmented global hypersonic technology market on the basis of launch mode, range, type, end-use, and region:

• Launch Mode Outlook (Revenue, USD Billion; 2018–2028)
  • Air Launch
  • Surface Launch
  • Sea Launch
  • Submarine Launch
• Range Outlook (Revenue, USD Billion; 2018–2028)
  • Short Range
  • Medium Range
  • Intermediate Range
  • Intercontinental Range
• Type Outlook (Revenue, USD Billion; 2018–2028)
  • Missiles
  • Hypersonic Ballistic Missiles
  • Hypersonic Cruise Missiles
  • Hypersonic Glide Vehicle
  • Hypersonic Spaceplanes
• End use Outlook (Revenue, USD Billion; 2018–2028)
  • Military
  • Air Force
  • Navy
  • Space

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