Hypersonic Missiles Market to Record 8.8% CAGR Growth Through 2029 | Global Analysis Report

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Hypersonic Missiles Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the hypersonic missiles market has expanded significantly. The size of the market is set to rise from $132.69 billion in 2024 to $145.38 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.6%. Factors such as military modernisation initiatives, geopolitical conflicts and arms competitions, strategic deterrence, national security concerns, heightened perceptions of threats, and escalating defence budgets largely account for the growth experienced in the historic timeframe.

Hypersonic Missiles Market Forecast: What Size Will It Reach By 2029?
Anticipations are high for a significant expansion in the hypersonic missiles market over the next years. It is predicted to reach a value of $203.49 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 8.8%. Factors contributing to the growth during the forecast period encompass enhanced attention on offensive and defensive prowess, worldwide military unions and partnerships, increased demand for precision strike abilities, and emphasis on scalability and cost-effectiveness, coupled with integration into multi-domain operations. The period is also expected to witness rapid technology progress, advancements in aerospace and hypersonic technology, heightened military investments, and a surge in hypersonic glide vehicles.

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Which Key Market Drivers Will Shape Hypersonic Missiles Industry Trends in 2025-2029?
The hypersonic missiles market is experiencing expansion due to the amplified initiatives and financial support from governments and defense forces. With a view to fortify the defense forces, both governments and defense sectors have begun funding research in the hypersonic domain. For example, in 2022, the Pentagon, the official headquarters of the U.S. Department of Defense, sought a budget of $3.8 billion for hypersonic research. Moreover, the Stockholm International Peace Research Institute, a specialty institute based in Sweden, reported in April 2023 that worldwide military spending had broken records, reaching $2,240 billion in 2022, marking a 3.7% uptick in actual terms compared to the previous year. The highest three contributors in 2022 were the United States, China, and Russia, making up 56% of the global total. With a $877 billion budget, the largest global military spender remained the United States, responsible for 39% of total worldwide military expenditure. As such, the expected growth of the hypersonic missiles market in the forthcoming years can be attributed to escalating initiatives and fiscal backing by governments and defense forces.

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What Are the High-Growth Segments in the Hypersonic Missiles Market?
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

Which Global Trends Are Driving Hypersonic Missiles Market Expansion?
The leading nations across the globe are escalating their emphasis on launching extensive range hypersonic initiatives to establish a market advantage. Extended Range Hypersonic Programs entails the military or aerospace-centered initiatives that emphasize the creation, exploration, and execution of hypersonic missile systems with enhanced operational ranges. As an illustration, the United States Department of Defense in October 2022 effectively carried out a test flight of hypersonic weapon elements. This trial run was performed by the United States Navy and Army at NASA's Wallops Flight Facility based in Virginia. The objective behind this trial was to certify future facets of the Navy's Conventional Prompt Strike (CPS) and the Army's Long Range Hypersonic schemes. The evaluation studied hypersonic weapon communication and navigation hardware, coupled with high-tech glide vehicles. These hypersonic glide vehicles, released from a rocket in the upper atmosphere, glide towards their target at speeds approximating 3,853 miles (6,200 km) per hour.

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Who Are the Fastest-Growing Companies in the Hypersonic Missiles Industry?
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

What Is the Regional Outlook for the Hypersonic Missiles Market by 2029?
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.

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