Press release
Global Supersonic And Hypersonic Missiles Market Analysis By 2022 -Lockheed Martin, Raytheon, Boeing, Northrop Grumman.
Cruise missiles that can travel at speeds ranging from 2 to 3 Mach are known as supersonic cruise missiles. Variants with a speed of than 5 Mach are called hypersonic missiles; a Mach is equivalent to 636.28 mph. These cruise missiles have enhanced maneuverability and other sophisticated capabilities powered by stealth technology, which enables them to bypass the missile defense systems by cruising at low altitudes and move undetected.
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Technavios analysts forecast the global supersonic and hypersonic missiles market to grow at a CAGR of 7.23% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global supersonic and hypersonic missiles market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Supersonic and Hypersonic Missiles Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
• Lockheed Martin
• Raytheon
• Boeing
• Northrop Grumman
Market driver
Increasing number of territorial conflicts
Market challenge
Less cost-effectiveness toward missile fabrication
Market trend
Advent of scramjet technology
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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