Global Hypersonic Missiles Market 2023: Advance Technology, Business Overview, Demand, Revenue and Forecast 2032
As per the Hypersonic Missiles market report by The Business Research Company, The increase in initiatives and funding from the governments and defense forces is contributing to the growth of the hypersonic missiles market. Governments and defense sectors started funding the research on the hypersonic area to strengthen the forces.
The global hypersonic missiles market size grew from $112.02 million in 2022 to $125.04 million in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hypersonic missiles market size is expected to grow to $181.87 million in 2027 at a CAGR of 9.8%.
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Major competitors in the Hypersonic Missiles market include 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, and Denel Dynamics.
The Hypersonic Missiles market is segmented -
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hypersonic Missiles market.
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Hypersonic missiles refer to 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 Table Of Content For The Hypersonic Missiles Market Include:
1. Executive Summary
2. Hypersonic Missiles Market Characteristics
3. Hypersonic Missiles Market Trends And Strategies
4. Hypersonic Missiles Market - Macro Economic Scenario
5. Hypersonic Missiles Market Size And Growth
26. Africa Hypersonic Missiles Market
27. Hypersonic Missiles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hypersonic Missiles Market
29. Hypersonic Missiles Market Future Outlook and Potential Analysis
The "Global Hypersonic Missiles Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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