Supersonic and Hypersonic Weapons Market Analysis

Global Supersonic and Hypersonic Weapons Market Overview

Supersonic and Hypersonic Weapons Market Size was valued at USD 15.5 Billion in 2022. The supersonic and hypersonic weapons market industry is projected to grow from USD 17.63 Billion in 2023 to USD 49.614 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.80% during the forecast period (2023 - 2032). The increasing level of tension between nations is one of the main market driver boosting the market's growth, which in turn is pushing demand for sophisticated weapons like supersonic and hypersonic weapons.

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

Supersonic and Hypersonic Weapons Market Trends

• Growing defense budget is driving the market growth

One of the main factors propelling the market for supersonic and hypersonic weapons is rising defense budget. Modernizing defense capabilities is becoming more and more important as countries deal with shifting security threats and geopolitical challenges. Increased funding is allotted by governments to improve military preparedness and purchase cutting-edge weapons, such as supersonic and hypersonic systems. Furthermore, these high-speed weapons' strategic advantages—such as their quick reaction times and capacity to breach complex air defenses—align with the dynamic character of contemporary battles. Countries spend money on supersonic and hypersonic technology research, development, and acquisition in order to preserve their competitive advantage and protect national security. Moreover, defence investment is driven by the perceived threat scenario and the need for advanced military capabilities, which fosters an atmosphere that supports the growth of the supersonic and hypersonic weapons markets.

The need for supersonic and hypersonic weapons is largely driven by geopolitical conflicts. Countries confronting security risks or involved in territorial conflicts frequently want to dissuade possible enemies by acquiring cutting-edge military weapons. Supersonic and hypersonic weapons offer a strategic edge in responding to new threats due to their quick speed and accuracy, making them desirable choices for enhancing national security. Furthermore, the quest for improved capabilities gains priority as nations compete for military dominance. A strategic advantage is provided by the capacity to quickly and precisely respond to changing security threats through the use of supersonic and hypersonic weaponry. This environment of competition stimulates defense spending and advances technology for the creation of these fast-firing weapon systems. Moreover, governments' investments in cutting-edge technologies are driven by the perceived necessity of a credible defensive deterrent in an increasingly complicated context. This strategic goal is supported by supersonic and hypersonic weapons, which provide a way to project military might in the face of geopolitical unpredictability and address security concerns. Thus, the quest for military superiority and the interaction of geopolitical factors greatly fuel the expansion of the supersonic and hypersonic weapons industry. Thus, driving the supersonic and hypersonic weapons market revenue.

Supersonic and Hypersonic Weapons Market Segment Insights

Supersonic and Hypersonic Weapons Speed Insights

The supersonic and hypersonic weapons market segmentation, based on speed includes Supersonic and Hypersonic. The hypersonic segment dominated the market. Weapons in the hypersonic class are able to fly at speeds greater than Mach 5 (about 3,800 mph) and can also be maneuvered while in flight. Over most conventional missiles, hypersonic weapons are harder to track due to their superior mobility and smooth flight. Growth in the worldwide hypersonic weapons market is primarily being driven by the growing need for weapons that can outrun tracking devices and travel faster than supersonic speed.

Supersonic and Hypersonic Weapons Type Insights

The supersonic and hypersonic weapons market segmentation, based on type, includes Missiles and Hypersonic Glide Vehicles. The missiles category generated the most income due to the increasing number of nations throughout the world purchasing missiles. Even while cruise missiles are the most widely used weaponry, scientists are working to create more sophisticated ballistic missiles, especially hypersonic ones. To address threats from adversarial nations, several nations, including the US, China, India, and others, have established missile defense programs.

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

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

Supersonic and 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 American supersonic and hypersonic weapons market area will dominate this market propelled by elements including more defense budgets, technology breakthroughs, and a commitment to preserving military might. Being a dominant force in aerospace and military, the United States is vital in forming this industry. Additionally, a sizeable percentage of the defense budget of the United States, in particular, is earmarked for the development, procurement, and research and development of advanced weapon systems, particularly those involving supersonic and hypersonic technologies.

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

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

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

Europe supersonic and hypersonic weapons market accounts for the second-largest market share. Owing to significant advancements in supersonic and hypersonic weaponry by numerous nations within the area, Europe continues to be the primary source of income for these types of weapons. The main nation in the area that has created demand has been Russia. The nation is making strides in the development of numerous cutting-edge missile systems. Further, the German supersonic and hypersonic weapons market held the largest market share, and the UK supersonic and hypersonic weapons market was the fastest growing market in the European region

The Asia-Pacific Supersonic and Hypersonic Weapons Market is expected to grow at the fastest CAGR from 2023 to 2032. Several Asia-Pacific nations are increasing their defense budgets, which is driving growth in the market. These countries recognize that having state-of-the-art supersonic and hypersonic weapons is critical from a strategic posture in order to bolster their deterrence and confront evolving security risks. Furthermore, the region's market is expanding due to the drive towards technological self-sufficiency and domestic military manufacturing. Moreover, China’s supersonic and hypersonic weapons market held the largest market share, and the Indian supersonic and hypersonic weapons market was the fastest growing market in the Asia-Pacific region.

Supersonic and 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 supersonic and 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, supersonic and 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 supersonic and hypersonic weapons industry to benefit clients and increase the market sector. In recent years, the supersonic and hypersonic weapons industry has offered some of the most significant advantages to medicine. Major players in the supersonic and hypersonic weapons market are attempting to increase market demand by investing in research and development operations includes The Boeing Company, Kongsberg Gruppen AS, Israel Aerospace Industries, DRDO, Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, MBDA, Tactical Missiles Corporation, and ArianeGroup.

Lockheed Martin Corp. is an aerospace and security product company. The business conducts research, designs, develops, produces, and integrates cutting-edge technology systems, goods, and services. In addition, it provides services for system integration, technical, engineering, cybersecurity, scientific, and logistical management. Radar systems, sensors, unmanned systems, ground vehicles, guided weapons, military and rotary-wing aircraft, airlifters, missiles, and naval systems are among its product offerings.

Boeing Co. operates as an aerospace enterprise. The company's main focus is on designing, developing, and producing military and commercial aircraft. It also develops defense, security, and space systems. The company offers a range of business jet and aircraft models for training, military, and commercial use. Various thin and broad body models, rotor and tilt-rotor aircraft, anti-submarine aircraft, tanker aircraft, and other assault and helicopter models are all part of its portfolio.

Key Companies in the supersonic and hypersonic weapons market include:

• The Boeing Company


• Kongsberg Gruppen AS


• Israel Aerospace Industries


• DRDO


• Lockheed Martin Corporation


• Raytheon Technologies Corporation


• Northrop Grumman Corporation


• MBDA


• Tactical Missiles Corporation


• ArianeGroup

Supersonic and Hypersonic Weapons Industry Developments

June 2022: The Glide Phase Interceptor, a first-of-its-kind counter-hypersonic missile, is being developed by Raytheon Missiles & Defense, a Raytheon Technologies company (NYSE: RTX), at the request of the Missile Defense Agency. GPI offers the United States and its allies an extra line of defense against regional hypersonic missile threats by being built to intercept hypersonic weapons during their glide phase of flight.

October 2021: The US revealed that it had successfully tested hypersonic missile technology at a Virginia NASA facility. The test showcased cutting-edge hypersonic capabilities, prototype systems, and technologies in an actual operating environment, according to the Pentagon.

Supersonic and Hypersonic Weapons Market Segmentation

Supersonic and Hypersonic Weapons Speed Outlook

• Supersonic


• Hypersonic

Supersonic and Hypersonic Weapons Type Outlook

• Missiles


• Hypersonic Glide

Supersonic and Hypersonic Weapons Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • 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