Comprehensive Market Analysis on Hypersonic Missiles Market projected to reach USD 11.8 Billion by 2030 | CAGR of 11.5% | Forecast period 2024-2030, published by MarketDigits

Hypersonic Missiles Market Scope:
Market size value in 2023 - 5.5 Billion
Market size value in 2030 - USD 11.8 Billion
CAGR (2023-2030) - 11.5%
Forecast Period - 2024-2030
Segments Covered - Types, Range, End User and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Brahmos Aerospace Pvt. Ltd., Lockheed Martin Corporation., Systima (KARMAN SPACE & DEFENSE.), Northrop Grumman, L3Harris Technologies, Inc.,

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Browse in-depth TOC on Hypersonic Missiles Market
178-Tables
95-Figures
332-Pages

North America dominates the market for Hypersonic Missiles
In North America, particularly the United States, the hypersonic missile market is characterized by robust research and development activities, significant defense spending, and strong partnerships between government agencies, defense contractors, and research institutions. The U.S. Department of Defense (DoD) has prioritized hypersonic technology development as part of its modernization efforts, allocating substantial funding to accelerate the deployment of hypersonic missile systems. The presence of advanced research facilities and testing sites, such as NASA's Hypersonic Tunnel Facility and the Arnold Engineering Development Complex, further strengthens North America's position in the hypersonic missiles market.
In the Asia-Pacific region, countries like China and India are investing heavily in hypersonic missile technology to bolster their military capabilities and counter regional security threats. China, in particular, has made significant strides in developing hypersonic weapons, conducting numerous successful tests and demonstrations. Moreover, rising defense budgets across Asia-Pacific nations contribute to the expansion of the hypersonic missiles market in the region, with indigenous defense industries and international collaborations driving innovation and competition.

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Top Key Players Covered in the Report-
Boeing, Brahmos Aerospace Pvt. Ltd., General Atomics., L3Harris Technologies, Inc., Lockheed Martin Corporation., Northrop Grumman, RTX, Saab, Systima (KARMAN SPACE & DEFENSE.), Thales and Others.

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Recent Developments-
In August 2023, Northrop Grumman Corporation announced the opening of its Hypersonics Capability Center (HCC) in Elkton, Maryland to produce advanced propulsion solutions that can power hypersonic missiles beyond Mach 5.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-hypersonic-missiles-market-projected-to-reach-usd-118-billion-by-2030

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