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

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:

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