Comprehensive Market Analysis on Hypersonic Weapons Market projected to reach USD 13.9 Billion by 2030 | CAGR of 11.20% | Forecast period 2023-2030, published by MarketDigits

Hypersonic Weapons Market Scope:
Market size value in 2023 - USD 6.6 Billion
Market size value in 2030 - USD 13.9 Billion
CAGR (2023-2030) - 11.20%
Forecast Period - 2023-2030
Segments Covered - Type, Domain, Range, End User and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Kongsberg Defence & Aerospace, L3Harris Technologies, Inc., Lockheed Martin Corporation, MBDA, Northrop Grumman.

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

North America dominates the market for Hypersonic Weapons.
The hypersonic weapons market is experiencing rapid growth, fueled by escalating global military tensions and the pursuit of advanced weaponry. North America, particularly the United States, stands as the dominant region in this market. This supremacy can be attributed to the nation's substantial investments in defence research and development, coupled with its unwavering commitment to maintaining a technological advantage in military prowess. The U.S. military is actively engaged in the development of hypersonic weapons, aiming to augment both its strategic and tactical capabilities. While Europe and the Asia-Pacific region are also venturing into hypersonic weapon development, their endeavours are comparatively subdued. In Europe, nations like Russia boast advanced missile programs and have made strides in hypersonic technology. China is emerging as a formidable contender in the Asia-Pacific arena, channelling significant resources into hypersonic research to rival the U.S. and bolster its military stature. These regions prioritise hypersonic weapons to fortify their defence capabilities and deter potential adversaries.

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Top Key Players Covered in the Report-
BAE Systems, Boeing, Calspan, General Atomics, IAI, Kongsberg Defence & Aerospace, L3Harris Technologies, Inc., Lockheed Martin Corporation, MBDA, Northrop Grumman, RTX, Saab, Thales and Others

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Recent Developments-
February 2024, Eve Air Mobility and SkyScape, a Japanese company specializing in vertiport development and management based in Osaka, Japan, have announced a partnership to incorporate Eve's Urban ATM (air traffic management) into the Advanced Air Mobility (AAM) framework outlined by the Japanese government. With this announcement, SkyScape becomes Eve's 13th Urban ATM customer and the company's sixth Urban ATM vertiport customer.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-hypersonic-weapons-market-projected-to-reach-usd-139-billion-by-2030#google_vignette

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This release was published on openPR.