A Deep Dive into Hypersonic Missiles Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034

What combination of drivers is leading to accelerated growth in the hypersonic missiles market?
The surge in support and financial contributions from governmental bodies and military forces is fuelling the expansion of the hypersonic missiles market. In order to bolster their military prowess, these entities have begun funding research in the hypersonic field. For example, the Pentagon, home of the United States Department of Defense, has proposed a budget of $3.8 billion for hypersonic research for the fiscal year 2022. Moreover, the Stockholm International Peace Research Institute, a specialized institution located in Sweden, disclosed in April 2023 that global military spending had reached a new peak of $2,240 billion in 2022, marking an increase of 3.7% in real terms from the prior year. In 2022, the United States, China, and Russia were the three largest spenders, contributing to 56% of the world's total. The United States maintains its position as the largest global military spender with a budget of $877 billion, making up 39% of the worldwide military expenditure. Consequently, this growth in support and financial investments from governments and defense forces is projected to accelerate the development of the hypersonic missiles market in the future years.

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What is the projected compound annual growth rate (CAGR) of the hypersonic missiles market from 2025 to 2034, and what factors influence it?
In the last few years, the hypersonic missiles market has experienced a swift surge in size. Its growth is projected to rise from $132.69 billion in 2024 to $146.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.1%. The expansion seen in the historic era can be credited to the enhancement of military mechanisms, the escalating geopolitical conflicts and arms race, strategic deterrence, national security concerns, growing threat perception, and increased allocation to defense budgets.

The market size for hypersonic missiles is anticipated to experience robust expansion in the coming years, with a projected value of $204.58 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.8%. The upcoming growth can be credited to factors like heightened emphasis on offensive and defensive capabilities, international military partnerships and cooperation, burgeoning demand for precision strike functionality, focus on scalability and affordability, and integration into multi-domain operations. Significant trends projected for this period include swift advances in technology, progress in aerospace technology, advancements in hypersonic technology, increased military investment, and a rise in hypersonic glide vehicles.

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How are the latest trends influencing the growth of the hypersonic missiles market?
A strong focus is being placed by leading nations worldwide on the development and introduction of long-range hypersonic programs, in an effort to establish a competitive advantage in the marketplace. Long-range hypersonic programs pertain to military or aerospace initiatives that are centered on the research, execution, and advancement of hypersonic missile systems with augmented operational range. As an illustration, the United States Department of Defense carried out a successful hypersonic weapon components flight test in October 2022. The test took place at NASA's Wallops Flight Facility in Virginia, implemented by the United States Navy and Army. The primary objective of this test was to confirm future components of the Navy's Conventional Prompt Strike (CPS) and the Army's Long Range Hypersonic programs. The hypersonic weapon communications and navigation apparatus, as well as advanced glide vehicles, were evaluated in the test. The hypersonic glide vehicles, which are propelled into the upper stratosphere by a rocket before gliding towards their target, can reach approximate speeds of 3,853 miles (6,200 km) per hour.

What are the major segments of the hypersonic missiles market and their role in driving growth?
The hypersonic missiles market covered in this report is segmented -

1) By Product: Hypersonic Glide Vehicle, Hypersonic Cruise Missile
2) By Application: Wire Guidance, Command Guidance, Terrain Comparison Guidance, Terrestrial Guidance, Inertial Guidance, Beam Rider Guidance, Laser Guidance, Radio Frequency (RF) And GPS Reference
3) By End-Users: Military, Civil

Subsegments:
1) By Hypersonic Glide Vehicle (HGV): Boost-Glide Systems, Maneuverable Reentry Vehicles
2) By Hypersonic Cruise Missile: Air-Breathing Hypersonic Missiles, Turbojet And Scramjet Powered Missiles

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Which regions are key players in the growth of the hypersonic missiles market?
North America was the largest region in the hypersonic missiles market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hypersonic missiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the hypersonic missiles market?
Major companies operating in the hypersonic missiles market include Raytheon Technologies, Boeing Company, Lockheed Martin Corp., Hanwha Corporation, China Aerospace Science and Industry Corporation, General Dynamics Corporation, Northrop Grumman, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, BAE Systems plc, L3Harris Technologies Inc., Leidos, Israel Aerospace Industries Ltd., Rafael Advanced Defense Systems Ltd., Aerojet Rocketdyne Holdings Inc., Systima Technologies, Denel SOC Ltd., Tactical Missiles Corporation, BrahMos Aerospace, CASIC Rocket Technology Company, Kongsberg Gruppen

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What Is Covered In The Hypersonic Missiles Global Market Report?

•Market Size Forecast: Examine the hypersonic missiles market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hypersonic missiles market for a structured understanding.
•Key Players Overview: Analyze major players in the hypersonic missiles market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hypersonic missiles market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hypersonic missiles market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hypersonic missiles market.
•Industry Challenges: Identify potential risks and obstacles affecting the hypersonic missiles market.
•Competitive Landscape: Review strategic developments in the hypersonic missiles market, including expansions, agreements, and new product launches.

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