Hypersonic Technology Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2027
The global hypersonic technology market size reached USD 6.30 billion in 2020 and is expected to register a revenue CAGR of 9.9% during the forecast period, according to latest analysis by Emergen Research. Hypersonic missiles are exposed to high temperature and stress due to high speed and therefore it is imperative to develop materials that can withstand under such conditions in order to improve effectiveness and precision of missiles. Hypersonic Technology Market Size – USD 6.30 Billion in 2020, Market Growth – at a CAGR of 9.9%, Market Trends – Noncompliance and withdrawal from treaties. This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus attack on the world economy has impacted all, and thus its impacts are elucidated in-depth in the report for the Hypersonic Technology market. This can be attributed to robust presence of companies engaged in developments in hypersonic technsologies such as BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, and Raytheon Technologies Corporation, among others in countries in the region. Major companies included in the market report are BAE Systems plc, Lockheed Martin. Increasing focus on new and more advanced technologies in various developed countries to strengthen defense capabilities and develop weapons of higher precision and better capabilities is a trend in the market.
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The recent withdrawal of the US and Russia from the Intermediate-Range Nuclear Force Treaty (INF Treaty), which bans development of intermediate range missiles, and increasing actions by China in Asia Pacific has resulted in countries increasing defense expenditure. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Hypersonic Technology market. Military segment is expected to register a significantly robust revenue growth rate over the forecast period as a result of increasing geopolitical conflicts and developed countries fortifying defense capabilities with more to advanced military weapons. Hypersonic Technology Market Report mainly improves market size, and provide detailed product mapping and investigation of various market scenarios. The report entails an organized database of the Hypersonic Technology market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. These are some of the key factors driving need among other countries to have similar or more advanced capabilities, which is driving growth of the global hypersonic technology market. Hypersonic missiles that has been developed and tested by the US, Russia, and China can attack multiple targets and with higher precision than conventional missiles, and can also carry nuclear warhead.
Major companies included in the market report are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, The Boeing Company, Reaction Engines Limited, MBDA Missile Systems, Hermeus Corporation, Velontra LLC, and Dynetics Inc.
Launch Mode Outlook (Revenue, USD Billion; 2018–2028)
Air Launch
Surface Launch
Sea Launch
Submarine Launch
Range Outlook (Revenue, USD Billion; 2018–2028)
Short Range
Medium Range
Intermediate Range
Intercontinental Range
Type Outlook (Revenue, USD Billion; 2018–2028)
Missiles
Hypersonic Ballistic Missiles
Hypersonic Cruise Missiles
Hypersonic Glide Vehicle
Hypersonic Spaceplanes
End use Outlook (Revenue, USD Billion; 2018–2028)
Military
Air Force
Navy
Space
Regional Analysis of the Hypersonic Technology Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Objectives of the Report:
Analysis and estimation of the hypersonic technology market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global hypersonic technology market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Market Taxonomy:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2:
Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3:
Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
Read More: https://www.emergenresearch.com/industry-report/hypersonic-technology-market
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