Global Supersonic and Hypersonic Missiles Market Size, Share & Trends Analysis Report, Forecast Period, 2024-2030

The Supersonic and Hypersonic Missiles market is experiencing robust expansion, with market size projected to increase from XX billion in 2023 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 13.8%. Supersonic and Hypersonic Missiles Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Missiles, Hypersonic Glide), And regions ({regionNms}) : Industry Forecast and Opportunity Analysis for 2023 - 2030

The worldwide subsonic and supersonic, as well as hypersonic and supersonic missile developments, include the production and further use of missiles that are capable of travelling faster than the speed of sound. Supersonic missiles have a velocity of Mach number between Mach 1 and Mach 5, as for hypersonic missiles, it's a Mach number greater than Mach 5. These missiles serve numerous military purposes and include strike operations, air, and missile defense. The market concerns different kinds of missiles and includes size, range, and payload capacity. The demand for sophisticated military systems along with the need for appropriate missile protection systems increases, thus propelling the section of the market that concerns supersonic and hypersonic missiles—their speeds and technology—as well as other factors—geopolitics and the arms race, for example.

Supersonic and Hypersonic Missiles Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 13.8%
By Product Type	Missiles, Hypersonic Glide
Key Market Players	The Boeing Company Kongsberg Gruppen AS Israel Aerospace Industries DRDO Lockheed Martin Corporation Raytheon Technologies Corporation Northrop Grumman Corporation MBDA Tactical Missiles Corporation ArianeGroup
By Region

Supersonic and Hypersonic Missiles Market Trends

The market for supersonic and hypersonic missiles is influenced by a number of factors, the most important of which are trends rooted in the developments of missile technology. One such trend is the increasing attention towards hypersonic glide vehicle (HGV) technology as well as air-breathing hypersonic missiles, which is mainly attributed to military ambitions and the ongoing arms race. Global defense leaders, including Raytheon, Lockheed Martin, and Northrop Grumman, are pushing R&D in these areas, associating with governments to augment capabilities. The segment of missiles, especially customizations made in supersonic and hypersonic variants, is at a phenomenal growth stage due to increasing acquisition by nations like the US, China, Russia, and India. Another emerging trend is that nations and their defense agencies are planning missile defense systems to deal operationally with hypersonic missiles. Both offensive hypersonic weapons and the means to protect from them are being tested and implemented by countries for readiness. Europe, even though it is led by Russia in these developments, forms one of the important regions, whereas the USA is still a step ahead in its defense capabilities by combining efforts with nations such as Australia. Such developments are also anticipated to affect the market as countries invest in developing these technologies to bring about superiority over their rivals.

Supersonic and Hypersonic Missiles Market Leading Players

The key players profiled in the report are The Boeing Company, Kongsberg Gruppen AS, Israel Aerospace Industries, DRDO, Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, MBDA, Tactical Missiles Corporation, ArianeGroup

Growth Accelerators

The primary factor contributing to the growth of the supersonic and hypersonic missile market is the rise in defense budget. And a growing need for sophisticated missiles to gain and maintain military superiority. Particularly in the Asia-Pacific and Middle Eastern regions where conflicts have been escalating, many countries have begun spending billions of dollars on supersonic and hypersonic travel missiles that are capable of performing fast and accurate strikes. Missiles that can be classified as hypersonic travel at a speed of over five times the speed of sound, i.e., Mach 5, while supersonic ones travel at a speed greater than the speed of sound. These technologies enhance modern warfare and strategies as they stress striking targets before the enemy mobilizes any resources to resist. A further market changer is the increased need for propulsion technologies, heat-resistant materials, and other technologies. The defense forces and air forces are making progress to create long-range, precise, and agile missiles. National strategies dictated that militaries should consider hypersonic weaponry for use in their national security, and this has also driven the growth of the market. In addition, countries are engaging in cooperative defense policies and programs that aim at controlling hypersonic weapon development through the promotion of advanced technologies.

Supersonic and Hypersonic Missiles Market Segmentation analysis

The Global Supersonic and Hypersonic Missiles is segmented by Type, and Region.
By Type, the market is divided into Distributed Missiles, Hypersonic Glide . Geographically, the market is assessed across key Regions like {regionNms} and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The supersonic and hypersonic missile market is highly competitive and consists of a host of key market players who are mainly defense contractors and aerospace companies. The central figures in the market are Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, Boeing, and BAE Systems. These companies are at the forefront of developing advanced missile systems owing to the rise in demand for faster and more accurate weapons triggered by geopolitical turmoil and military enhancement over the years. Also, smaller up-and-coming companies like Rafael Advanced Defense Systems and BrahMos Aerospace have started focusing on the market. The United States of America, Russia, and China are all investing massive amounts of resources in hypersonic missile technology to ensure they are militarily superior, and this is further propelling the growth of the market. This is an innovation-led sector focused on developing advanced propulsion systems, guidance technologies, and advanced materials. The competition is made more pronounced because many countries of the world have provided huge defense budgets for the R&D activities in many markets.

Challenges In Supersonic and Hypersonic Missiles Market

The market for both supersonic and hypersonic missiles encounter a number of major concerns where technology and economics are interwoven. Advancing these types of missile systems requires a great deal of time, research, and money in order to resolve issues of materials that can withstand overheating and air friction at extreme speed. This encompasses the development of engines with the capability of overcoming Mach number 5, which raises the stakes on the engineering aspect as well. Equally important is the issue of the world’s political stability and the laws governing the use of weapons. As some nations have built in a rush to be the first in the appropriate eye of the public hypersonic sports note, the children and women have picked up on the weapons of mass destruction. This has also created a scenario where there is increased global demand for treaties prohibiting the usage of such weapons.

Risks & Prospects in Supersonic and Hypersonic Missiles Market

The surging demand for supersonic and hypersonic missiles can be attributed to the increasing arms race and global tensions. Military establishments have an increasing appetite for advanced missile systems that shall go beyond their current range capabilities. New enhancements in range, speed, and lethality are expected to enable faster and more accurate engagements. Nations like the US, Japan, Russia, and China are all focusing their efforts and finances towards the development of hypersonic missiles for military purposes, a factor that creates an arms race and escalates the developments of missile systems further. These pose considerable military benefits, especially in areas under Anti-Access/Area Denial (A2/AD) where such constructions are aimed at limiting the enemy’s ability to operate in the region. For this reason, another major opportunity in the market is exacerbated by technological change and growing expenditure on research and development (R&D). Governments and private defense contractors are committed to improving missile guidance systems as well as propulsion systems and heat-resistant materials. For instance, the U.S. Department of Defense has invested thousands in the Military Strategy’s quest to develop hypersonic weapons, showing how conducive the market is. As this phase of the technologies is achieved, further vertical integration of defense production as well as outsourcing of more sophisticated military missile system production to contractors around the world will take place as demand continues driving up.

Key Target Audience

The supersonic and hypersonic missile market's primary target audience comprises defence bodies, military contractors, and governments around the world. They are the ones contributing towards growing the advanced missiles' technology in order to safeguard the nations. The emphasis lies on countries that possess the highest military budgets, such as the USA, China, and Russia, and even countries like India, which invests a great deal in the R&D of missiles for both offensive and defensive purposes.,, Some other primary stakeholders include private players, which manufacture missile systems, propulsion systems, and control systems as well. These organizations collaborate with the defense ministries and other governmental organisms, developing advanced capabilities designed to defeat the new threats. Owing to the increasing geopolitical odds and the competition in armament among the superpowers, the markets of both supersonic and hypersonic missile technologies are expanding, and it is the market of interest for many players across the globe.

Merger and acquisition

The last few years have seen many mergers and acquisitions in the sales of supersonic and hypersonic missiles. In retrospect, this is most likely due to the enhanced defense spending and technology for global defense. A specific case in point is the scuttled acquisition of Aerojet Rocketdyne in 2022 by Lockheed Martin at a price tagged at $4.4 billion to give the giant defense manufacturer control over critical sections of hypersonic missiles, including scramjet engines, among other assets. Nonetheless, this acquisition was disallowed by the U.S. Federal Trade Commission on the ground that it would lessen competition in the industry. Moreover, there is an increase in M&A activity in the hypersonic space, particularly where strategic investment is used to assist it in acquiring a competitive advantage. For instance, business enterprises such as Lockheed Martin Corporation and Anduril Industries have been working on defense capacities to develop advanced hypersonic systems. For instance, Lockheed’s offering to the United States government worth $1.1 billion for the construction of a transforming sea-based hypersonic strike system portrays the shift tactically towards the enhancement of aggressive hypersonic technologies capable of extended reach. There are instances of how the use of mergers and acquisitions is aimed at strengthening capabilities in this emerging market and gaining military supremacy over others.