Hypersonic Weapons Market Analysis

Global Hypersonic Weapons Market Overview

Hypersonic Weapons Market Size was valued at USD 6.5 Billion in 2022. The hypersonic weapons market industry is projected to grow from USD 7.26 Billion in 2023 to USD 17.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.80% during the forecast period (2023 - 2032). Higher risk perception, the arms race, improved precision, and increased virulence are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Hypersonic Weapons Market Trends

Technology advancements is driving the market growth.

Technology advancements are a key factor in the market for hypersonic weapons' quick expansion and development. These developments have made it possible to design, produce, and use hypersonic weapons with previously unheard-of capabilities, which have fundamentally altered current military strategy. Propulsion systems are one of the major technological developments fueling this market's expansion. Modern propulsion techniques, like scramjet engines and solid rocket motors, are used by hypersonic weapons to enable them to go faster than Mach 5 (five times the speed of sound). These engines offer the necessary thrust to reach hypersonic velocities because they are more effective and potent than earlier propulsion systems. The development of materials science has also been very important. It is extremely difficult to create materials that can resist the high pressures and temperatures encountered during hypersonic flight. These problems have been addressed through the development of high-temperature composites, improved ceramics, and heat-resistant alloys, improving the robustness and dependability of hypersonic weapons. Systems for navigation and control represent yet another important technological achievement. Hypersonic weapons require sophisticated guidance systems that can precisely track and alter their trajectories in real-time. These weapons are able to hit their targets with great precision thanks to better software algorithms and advanced sensors, including infrared and GPS technology. This lowers collateral damage while boosting their efficacy.

Significant advancements have also been made in manufacturing methods. The creation of complicated components has been streamlined using additive manufacturing techniques, such 3D printing, which has decreased costs and lead times. This makes it possible to produce hypersonic weapons in large quantities, increasing their availability to armed forces. Additionally, smaller and more effective onboard systems have been made possible by the miniaturization of electronics and improved power sources, significantly boosting the performance of hypersonic weapons. Thus, driving the hypersonic weapons market revenue.

Hypersonic weapons Type Insights

The hypersonic weapons market segmentation, based on type includes hypersonic missiles, hypersonic glide vehicles. The hypersonic missiles segment dominated the market, accounting for 66.24% of market revenue. Hypersonic missiles may be launched from both land and water, are incredibly adaptable, and can hit a variety of targets, including ships, ground targets, and expensive infrastructure. Military strategists find them appealing due to their adaptability in a variety of operational contexts.

Figure 1: Hypersonic Weapons Market, by Type, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Hypersonic weapons Domain Insights

The hypersonic weapons market segmentation, based on domain, includes land, naval, airborne. The land category generated the most income (45.23%). For a nation's defence posture, land-based hypersonic weapons are strategically significant. These systems can be used to launch attacks against a variety of targets, including hostile military sites, priceless infrastructure, and prospective land threats. A nation's military capabilities are improved by having the capacity to quickly strike targets on land.

Hypersonic weapons Range Insights

The hypersonic weapons market segmentation, based on range includes short-range, medium-range, long-range. The medium-range segment dominated the market, accounting for 43.31% of market revenue. With its adaptability in operational application, medium-range hypersonic missiles achieve a compromise between short-range and long-range systems. They can be used for a variety of tasks, such as tactical and strategic goals.

Hypersonic weapons Subsystem Insights

The hypersonic weapons market segmentation, based on subsystem includes guidance system, propulsion systems, boost-glide, warheads. The guidance system segment dominated the market, accounting for 41.24% of market revenue. A crucial part of hypersonic weapons, the guidance system ensures accurate targeting and flight performance. This accuracy is essential for successfully targeting expensive and urgent military targets.

Hypersonic weapons Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Hypersonic Weapons Market dominated this market in 2022 (45.80%). This is due to the significant expenditure in hypersonic system development, deployment, and research. Further, the U.S. Hypersonic weapons market held the largest market share, and the Canada Hypersonic weapons market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HYPERSONIC WEAPONS MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe hypersonic weapons market accounts for the second-largest market share. This is due to the European countries having stepped up their investments in cutting-edge weaponry, particularly hypersonic weapons, in response to geopolitical unrest in their neighbors’ territories. Further, the German hypersonic weapons market held the largest market share, and the UK hypersonic weapons market was the fastest growing market in the European region.

The Asia-Pacific Hypersonic Weapons Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the military technological landscape in this region is fast evolving, and as a result, nations in the region are investing in hypersonic research and development to preserve a competitive edge. Moreover, China’s hypersonic weapons market held the largest market share, and the Indian hypersonic weapons market was the fastest growing market in the Asia-Pacific region.

Recent News:

 North Korea successfully tested a new hypersonic missile in 2024, according to state news agency KCNA, the latest stage in a goal outlined by leader Kim Jong Un to use solid fuel to propel missiles of all ranges. The North is developing missiles and nuclear weapons despite restrictions imposed by the United Nations Security Council, and analysts say solid-fuel missiles may be deployed more quickly than liquid-fuel types.

Lockheed Martin and CoAspire showcased their new Mako Multi-Mission Hypersonic Missile at Sea Air Space 2024 this week. Lockheed Martin is pitching Mako, named after the fastest shark in the sea, to the United States Navy because of its speed, affordability, and targeting adaptability to hold several targets. According to Lockheed Martin officials, this is the first public presentation of the hypersonic since its development began more than seven years ago. A visual displayed by the business at the CoAspire booth appears to depict a US Air Force F-35A releasing six of the hypersonic missiles in fast succession from both external and internal mounts.

Hypersonic weapons Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the hypersonic weapons market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the hypersonic weapons industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the hypersonic weapons industry to benefit clients and increase the market sector. In recent years, the hypersonic weapons industry has offered some of the most significant advantages to medicine. Major players in the hypersonic weapons market, including Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), BAE Systems (UK), Thales Group (France), Hanwha Group (South Korea), Brahmos Aerospace Corporation (India), Israel Aerospace Industries (Israel), L3harris technologies Inc (US)., and others, are attempting to increase market demand by investing in research and development operations.

Lockheed Martin Corporation is a major force in the hypersonic weapons industry in America. The business is at the forefront of creating innovative hypersonic systems and technologies for both offensive and defensive uses. Lockheed Martin, with a proven track record in aerospace and defence, uses its knowledge to develop cutting-edge hypersonic missiles and glide vehicles. It has established itself as a major player in the development of hypersonic weapons thanks to its advancements in guidance systems, propulsion, and materials, which are in line with the U.S. military's attempts to modernize and the desire for next-generation, high-speed weapon systems around the world.

Northrop Grumman Corporation is a major force in the hypersonic weapons industry. The business is a pioneer in creating cutting-edge hypersonic systems and technologies, enhancing both offensive and defence capabilities. Northrop Grumman specializes in the development of hypersonic missile systems, including propulsion, guidance, and control technologies, drawing on its broad experience in aerospace and defence. As the need for cutting-edge, quick-reaction weapon systems rises, the firm plays a critical role in resolving the changing security issues. Northrop Grumman is a significant player in the quickly developing market for hypersonic weapons thanks to its knowledge and dedication to scientific breakthroughs.

Key Companies in the hypersonic weapons market include.

• Lockheed Martin Corporation (US)


• Northrop Grumman Corporation (US)


• Raytheon Technologies Corporation (US)


• BAE Systems (UK)


• Thales Group (France)


• Hanwha Group (South Korea)


• Brahmos Aerospace Corporation (India)


• Israel Aerospace Industries (Israel)


• L3harris technologies Inc (US)

Hypersonic weapons Industry Developments

For Instance, October 2021 In Virginia, at a NASA facility, the US stated that it had tested hypersonic missile technology successfully. The test, according to the Pentagon, showed off cutting-edge hypersonic technologies, capabilities, and prototype systems in a real-world setting.

Hypersonic Weapons Market Segmentation

Hypersonic weapons Type Outlook

• Hypersonic missiles


• Hypersonic glide vehicles

Hypersonic weapons Domain Outlook

• Land


• Naval


• Airborne

Hypersonic weapons Range Outlook

• Short-range


• Medium-range


• Long-range

Hypersonic weapons Subsystem Outlook

• Guidance System


• Propulsion Systems


• Boost-Glide


• Warheads

Hypersonic weapons Regional Outlook

• North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America