Hypersonic Missiles Market 2021 Scenario of Global Manufacturers – Lockheed Martin; Raytheon Technologies; Northrop Grumman; Boeing; Saab AB; Systima Technologies

Global Hypersonic Missiles Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Hypersonic Missiles data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Lockheed Martin; Raytheon Technologies; Northrop Grumman; Boeing; Saab AB; Systima Technologies; Mitsubishi Heavy Industries Ltd.; Tactical Missiles Corporation; China Aerospace Science and Industry Corporation; Thales Group; Denel Dynamics.

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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 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 market is expected to reach $123.18 million in 2025 at a CAGR of 5.6%.

Market Overview:

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.

The main types of products in hypersonic missiles are hypersonic glide vehicles and hypersonic cruise missiles. The hypersonic glide vehicles are a type of hypersonic missile that utilizes a re-entry vehicle to breach the speed of sound which is enough to overcome existing missile defense systems. It is used in wire guidance, command guidance, terrain contour matching, terrestrial guidance, inertial guidance, beam rider guidance, laser guidance, and radiofrequency, and GPS reference and is implemented in various verticals such as military and civil.

Industry News:

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.

In December 2020, Lockheed Martin, a US-based aerospace company acquired Aerojet Rocketdyne for a deal amount of $4.4 billion. The acquisition is expected to enhance Lockheed Martin’s allied security missions, space, and hypersonic technology. Aerojet Rocketdyne is a US-based rocket and missile, propulsion manufacturer.

Market Scope:

1) By Product: Hypersonic Glide Vehicle; Hypersonic Crusie Missile

2) By Application: Wire Guidance; Command Guidance; Terrain Comparision Guidance; Terrestial Guidance; Inertial Guidance; Beam Rider Guidance; Laser Guidance; Radio Frequencey (RF) And GPS Reference

3) By End-Users: Military; Civil

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Hypersonic Missiles size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Hypersonic Missiles by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Hypersonic Missiles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Hypersonic Missiles with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Hypersonic Missiles submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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