Global Hypersonic Technology Market Size – By Platform (Air-based, Ground-based, Sea-based and Space-based), By Type (Hypersonic Glide Vehicles (HGVs), Hypersonic Cruise Missiles (HCMs), Scramjet Engines and Others), By End-user (Military, Air Force, Navy and Space), Application (Residential, Commercial and Industrial) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-09-09
- NO OF PAGES
- 240
- CATEGORY
- Aerospace & Defense
Market Overview
The Hypersonic Technology market is predicted to develop at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2034, when it is projected to reach USD 14,576.52 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 5,742.86 Million in 2024.
SOURCE: We Market Research
The global
hypersonic technology market refers to the industry focused on developing and
deploying hypersonic vehicles and systems, which are capable of traveling at
speeds greater than Mach 5 (five times the speed of sound). This market
encompasses a range of technologies including hypersonic missiles, space launch
systems, and high-speed aircraft.
The hypersonic technology market has been experiencing significant growth due to increasing investments in defense and space exploration, along with advancements in material science and propulsion technologies. The market size is projected to continue expanding as more countries and private companies invest in hypersonic capabilities.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 5,742.86 Million |
|
Market
Forecast in 2034 |
USD 14,576.52
Million |
|
CAGR % 2024-2034 |
9.5% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Platform,
By Type, By End-user and By Region |
|
Regional Scope |
North America, Europe,
APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Hypersonic Technology Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Hypersonic Technology
Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Hypersonic Technology Segmentation
Market- By Platform Analysis
By Platform, the
Hypersonic Technology market is categories into Air-based, Ground-based,
Sea-based and Space-based. Air-based segments dominate the market with the
largest share, accounting for over 42% of the market in 2023. Air-based
hypersonic technologies primarily involve aircraft and missiles designed to
operate within the atmosphere at hypersonic speeds. This category includes both
manned and unmanned vehicles, such as hypersonic cruise missiles and
experimental aircraft.
The
following segments are part of an in-depth analysis of the global Hypersonic
Technology market:
|
Market Segments |
|
|
By Platform |
·
Air-based ·
Ground-based ·
Sea-based ·
Space-based |
|
By Type |
·
Hypersonic Glide Vehicles (HGVs) ·
Hypersonic Cruise Missiles (HCMs) ·
Scramjet Engines ·
Others |
|
By End-user |
·
Militry ·
Air Force ·
Navy ·
Space |
Hypersonic Technology Industry: Regional Analysis
North America Market Forecast
North America
dominates the global Hypersonic Technology market, accounting for around 43% of
the market share in 2023. North America, primarily driven by the United States,
dominates the hypersonic technology market. The U.S. has significant
investments in research and development, advanced defense systems, and military
modernization programs. The U.S. Department of Defense (DoD) is leading several
hypersonic programs, including the Long-Range Hypersonic Weapon (LRHW) and the
Hypersonic Air-breathing Weapon Concept (HAWC). In 2023, the DoD allocated
approximately $3.8 billion to hypersonic research and development.
Europe Market Statistics
European
countries are involved in hypersonic technology research and development,
though they have a smaller market share compared to North America and Asia
Pacific. Key players include France, the United Kingdom, and Germany. The
European Space Agency (ESA) and various national defense agencies are involved
in hypersonic research. The European Union’s Horizon Europe program includes
funding for hypersonic technology research.
Asia Pacific Market Forecasts
The Asia Pacific
region is increasingly significant in the hypersonic technology market, driven
by countries like China and India, which are actively developing and deploying
hypersonic systems. China’s DF-17
hypersonic missile and its advances in hypersonic glide vehicles illustrate the
region’s focus on enhancing military capabilities. India’s ongoing research in
hypersonic technologies also contributes to the region’s market share.
Middle East & Africa Market Statistics
The MEA region
is gradually entering the hypersonic technology market, driven by defense
modernization efforts and strategic interests in advanced military
capabilities. Countries like the United Arab Emirates and Saudi Arabia are
investing in advanced defense technologies, including hypersonic systems, as
part of their broader military modernization strategies.
Key Market Players
The Hypersonic Technology Market is dominated by a few
large companies, such as
·
Lockheed Martin
·
Northrop Grumman
·
Raytheon Technologies
·
Boeing
·
Aerojet Rocketdyne
·
BAE Systems
·
General Dynamics
·
Thales Group
·
SpaceX
·
China Aerospace Corporation (CASC)
·
Russian Federation's Tikhomirov
NIIP
·
Dynetics
·
L3 Technologies
·
Airbus Defence and Space
·
MBDA
·
Other
1.
Global
Hypersonic Technology Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Hypersonic Technology
Market Scope and Market Estimation
1.2.1. Global Hypersonic Technology Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Hypersonic Technology
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Platform of Global Hypersonic
Technology Market
1.3.2. Type of Global Hypersonic
Technology Market
1.3.3. End-user of Global Hypersonic
Technology Market
1.3.4. Region of Global Hypersonic
Technology Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Hypersonic Technology
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Hypersonic Technology
Market Estimates & Forecast Trend
Analysis, by Platform
4.1. Global Hypersonic Technology
Market Revenue (US$ Bn) Estimates and Forecasts, by Platform, 2019 - 2034
4.1.1. Air-based
4.1.2. Ground-based
4.1.3. Sea-based
4.1.4. Space-based
5.
Global Hypersonic Technology
Market Estimates & Forecast Trend
Analysis, by Type
5.1. Global Hypersonic Technology
Market Revenue (US$ Bn) Estimates and Forecasts, by Type, 2019 - 2034
5.1.1. Hypersonic Glide Vehicles (HGVs)
5.1.2. Hypersonic Cruise Missiles
(HCMs)
5.1.3. Scramjet Engines
5.1.4. Others
6.
Global Hypersonic Technology
Market Estimates & Forecast Trend
Analysis, by End-user
6.1. Global Hypersonic Technology
Market Revenue (US$ Bn) Estimates and Forecasts, by End-user, 2019 - 2034
6.1.1. Militry
6.1.2. Air Force
6.1.3. Navy
6.1.4. Space
7.
Global Hypersonic Technology
Market Estimates & Forecast Trend
Analysis, by Region
7.1. Global Hypersonic Technology
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Hypersonic Technology Market: Estimates & Forecast Trend Analysis
8.1.
North
America Hypersonic Technology Market Assessments & Key Findings
8.1.1. North America Hypersonic Technology
Market Introduction
8.1.2. North America Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
8.1.2.1. By Platform
8.1.2.2. By Type
8.1.2.3. By End-user
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Hypersonic Technology Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Hypersonic
Technology Market Assessments & Key Findings
9.1.1. Western Europe Hypersonic
Technology Market Introduction
9.1.2. Western Europe Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Platform
9.1.2.2. By Type
9.1.2.3. By End-user
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Hypersonic
Technology Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Hypersonic
Technology Market Assessments & Key Findings
10.1.1. Eastern Europe Hypersonic
Technology Market Introduction
10.1.2. Eastern Europe Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Platform
10.1.2.2. By Type
10.1.2.3. By End-user
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Hypersonic
Technology Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Hypersonic
Technology Market Introduction
11.1.2. Asia Pacific Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Platform
11.1.2.2. By Type
11.1.2.3. By End-user
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Hypersonic
Technology Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Hypersonic
Technology Market Introduction
12.1.2. Middle
East & Africa Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Platform
12.1.2.2. By Type
12.1.2.3. By End-user
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Hypersonic Technology Market: Estimates
& Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Hypersonic
Technology Market Introduction
13.1.2. Latin America Hypersonic
Technology Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Platform
13.1.2.2. By Type
13.1.2.3. By End-user
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Hypersonic Technology
Market Product Mapping
15.2. Global Hypersonic Technology Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
15.3. Global Hypersonic Technology
Market Tier Structure Analysis
15.4. Global Hypersonic Technology
Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1.
Lockheed Martin
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Northrop
Grumman
16.3. Raytheon
Technologies
16.4. Boeing
16.5. Aerojet
Rocketdyne
16.6. BAE Systems
16.7. General Dynamics
16.8. Thales Group
16.9. SpaceX
16.10. China
Aerospace Corporation (CASC)
16.11. Russian
Federation's Tikhomirov NIIP
16.12. Dynetics
16.13. L3
Technologies
16.14. Airbus Defence
and Space
16.15. MBDA
16.16. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Hypersonic Technology Market in 2024?
Hypersonic Technology Market was valued at USD 5,742.86 Million in 2024.
What is the growth rate for the Hypersonic Technology Market?
Hypersonic Technology Market size will increase at approximate CAGR of 9.5% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Lockheed Martin, Northrop Grumman, Raytheon Technologies, Boeing, Aerojet Rocketdyne, BAE Systems, General Dynamics, Thales Group, SpaceX, China Aerospace Corporation (CASC), Russian Federation's Tikhomirov NIIP, Dynetics, L3 Technologies, Airbus Defence and Space, MBDA and others.
Which region dominates the Hypersonic Technology Market?
North America dominates the market with an active share of 43%.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI