Global Supersonic and Hypersonic Weapons Market – Growth, Trends, And Forecast (2020 – 2025)
The report presents an in-depth assessment of the Global Supersonic and Hypersonic Weapons including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Supersonic and Hypersonic Weapons investments from 2020 till 2025.
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The Global Supersonic and Hypersonic Weapons market is highly competitive and consists of a number of major players. Companies, like The Boeing Company(NYSE: BA), Kongsberg Gruppen AS, Raytheon Company, Roscosmos, Lockheed Martin Corporation(NYSE: LMT), Northrop Grumman Corporation(NYSE: NOC), MBDA, DRDO, Tactical Missiles Corporation, ArianeGroup and others.
The market for supersonic and hypersonic weapons is projected to grow with a CAGR of more than 6% during the forecast period.
– Growth in defense spending is attracting R&D investments into the market, especially into the hypersonic weapons technologies. Countries like Russia, China, and the US are progressing with research in many advanced hypersonic weapon technologies, and many countries are about to join the race in the years to come.
– The increasing global conflicts and the belief in deterrence theory are propelling the nations to develop advanced nuclear-capable weapons, thereby driving the market growth.
– The growing number of partnerships between the companies in developing these supersonic and hypersonic weapons is helping technological advancements in the industry.
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Missile Segment Registered the Highest Revenue Share in 2019
By the end of 2019, the Missile segment had the highest share in the market. This is mainly due to the increasing procurement of missiles by various countries in the world. While cruise missiles are among the most procured missiles, research is also in progress for developing advanced ballistic missiles, especially hypersonic. Several countries have developed their own missile defense programs to counter threats from other countries. For instance, as a part of the Indian Ballistic Missile Defence Programme, an initiative to develop and deploy a multi-layered ballistic missile defense system to protect India from ballistic missile attacks, the country is procuring supersonic and hypersonic missiles from various countries, in addition to developing its own ballistic missiles. Also, countries in Middle-East, like Israel and Iran are testing and including supersonic and hypersonic missiles in their armory in the wake of rising political tensions in the region.
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The key insights of the Supersonic and Hypersonic Weapons Market report:
- The report provides key statistics on the market status of the Supersonic and Hypersonic Weapons market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Supersonic and Hypersonic Weapons market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2025 market development trends of Supersonic and Hypersonic Weapons Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
- The report makes some important proposals for a new project of Supersonic and Hypersonic Weapons Industry before evaluating its feasibility.
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