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Global Hypersonic Technology Market to reach USD 11.46 billion by the end of 2029.

Global Hypersonic Technology Market Size study & Forecast, by Launch Mode (Air, Surface, Subsea) by End-User (Military, Air Force, Navy, Space) By Type (Glide Vehicle, Cruise Missile, Spaceplanes) and Regional Analysis, 2022-2029

Product Code: SSAD-72811027
Publish Date: 17-04-2023
Page: 200

Global Hypersonic Technology Market is valued at approximately USD 5.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2022-2029. Hypersonic Technology is a long-range missile having theatre-reach and global-reach, designed to deliver weapons or for reconnaissance missions; and space launches. The Hypersonic Technology market is expanding because of factors such as increasing government expenditure on defence technologies and growing research and development of hypersonic technology.

Growing territorial conflicts are boosting the growth of the global hypersonic technology market throughout the world. Its prevalence has progressively increased during the last few decades. According to Statista, With USD 801 billion in military spending in 2021, the United States led the list of countries. This accounted for 38% of total global military spending, which totaled USD 2.1 trillion. Moreover, the military spending in the United States was 3.4% of GDP in 2019. Furthermore, as a share of gross domestic product, Saudi Arabia spent more on its military 6.6% than any other country in 2021, followed by Russia with 4.1%. Another important component driving space is growing research and development of hypersonic technology. In 2021, the global revenue of the hypersonic technology market amounted to approximately 5.7 billion U.S. dollars, and it is projected to grow to almost USD 13 billion in 2031. In 2020, the United States hypersonic tech market accounted for almost 53 per cent of the global market. In addition, in 2021, the United States spent approximately USD 44 billion on nuclear weapons, the highest of any country in the world. China spent the second-highest amount, at nearly USD 12 billion, while Russia spent the third most at nearly USD 9 billion. Also, increasing deployment of hypersonic weapons worldwide and increasing focus on super-fast intercontinental travel would create a lucrative growth prospectus for the market over the forecast period However, challenges in testing hypersonic air flows stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hypersonic Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the territorial disputes in the region have resulted in countries such as China, India, and Japan investing in the development of hypersonic missiles. According to Statista, in 2020, military expenditure in India amounted to approximately 2.88% of the country’s GDP. In comparison, military expenditure in China and Japan amounted to 1.75% and 1% of each country’s GDP respectively. Middle East & Africa is expected to grow with the highest CAGR during the forecast period, owing to factors such as a rise in regional tensions, and countries such as Israel working towards developing hypersonic technologies in the market space.

Major market player included in this report are:
BAE Systems plc
Dynetics, Inc.
Hermeus Corp.
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Reaction Engines Limited
The Boeing Company

Recent Developments in the Market:
Ø In Mar 2021, BAE Systems has announced an investment in Australia to help accelerate the development of a sovereign high-speed weapons capability. It will also draw on the diverse capabilities and expertise of Australian industry and academia to construct an Australian high-speed weapons eco-system, with the goal of demonstrating a sovereign capability within the next four years.

Global Hypersonic Technology Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Launch Mode, End-User, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Launch Mode

By End-User
Air Force

By Type
Glide Vehicle
Cruise Missile

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Hypersonic Technology Market, by Region, 2019-2029 (USD Billion)
1.2.2. Hypersonic Technology Market, by Launch Mode, 2019-2029 (USD Billion)
1.2.3. Hypersonic Technology Market, by End-User, 2019-2029 (USD Billion)
1.2.4. Hypersonic Technology Market, by Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hypersonic Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hypersonic Technology Market Dynamics
3.1. Hypersonic Technology Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing government expenditure in defence technologies Growing research and development of hypersonic technology
3.1.2. Market Challenges Challenges in testing hypersonic air flows
3.1.3. Market Opportunities Increasing deployment of hypersonic weapons worldwide. Increasing Focus on Super-Fast Intercontinental Travel
Chapter 4. Global Hypersonic Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Hypersonic Technology Market, by Launch Mode
6.1. Market Snapshot
6.2. Global Hypersonic Technology Market by Launch Mode, Performance – Potential Analysis
6.3. Global Hypersonic Technology Market Estimates & Forecasts by Launch Mode 2019-2029 (USD Billion)
6.4. Hypersonic Technology Market, Sub Segment Analysis
6.4.1. Air
6.4.2. Surface
6.4.3. Subsea
Chapter 7. Global Hypersonic Technology Market, by End-User
7.1. Market Snapshot
7.2. Global Hypersonic Technology Market by End-User, Performance – Potential Analysis
7.3. Global Hypersonic Technology Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
7.4. Hypersonic Technology Market, Sub Segment Analysis
7.4.1. Military
7.4.2. Air Force
7.4.3. Navy
7.4.4. Space
Chapter 8. Global Hypersonic Technology Market, by Type
8.1. Market Snapshot
8.2. Global Hypersonic Technology Market by Type, Performance – Potential Analysis
8.3. Global Hypersonic Technology Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. Hypersonic Technology Market, Sub Segment Analysis
8.4.1. Glide Vehicle
8.4.2. Cruise Missile
8.4.3. Spaceplanes
Chapter 9. Global Hypersonic Technology Market, Regional Analysis
9.1. Hypersonic Technology Market, Regional Market Snapshot
9.2. North America Hypersonic Technology Market
9.2.1. U.S. Hypersonic Technology Market Launch Mode breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029 Type breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Hypersonic Technology Market
9.3. Europe Hypersonic Technology Market Snapshot
9.3.1. U.K. Hypersonic Technology Market
9.3.2. Germany Hypersonic Technology Market
9.3.3. France Hypersonic Technology Market
9.3.4. Spain Hypersonic Technology Market
9.3.5. Italy Hypersonic Technology Market
9.3.6. Rest of Europe Hypersonic Technology Market
9.4. Asia-Pacific Hypersonic Technology Market Snapshot
9.4.1. China Hypersonic Technology Market
9.4.2. India Hypersonic Technology Market
9.4.3. Japan Hypersonic Technology Market
9.4.4. Australia Hypersonic Technology Market
9.4.5. South Korea Hypersonic Technology Market
9.4.6. Rest of Asia Pacific Hypersonic Technology Market
9.5. Latin America Hypersonic Technology Market Snapshot
9.5.1. Brazil Hypersonic Technology Market
9.5.2. Mexico Hypersonic Technology Market
9.5.3. Rest of Latin America Hypersonic Technology Market
9.6. Rest of The World Hypersonic Technology Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. BAE Systems plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Dynetics, Inc.
10.2.3. Hermeus Corp.
10.2.4. Lockheed Martin Corporation
10.2.5. MBDA Inc
10.2.6. Northrop Grumman Corporation
10.2.7. Raytheon Technologies Corporation
10.2.8. Reaction Engines Limited
10.2.9. The Boeing Company
10.2.10. Velontra

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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