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.

The Global Hypersonic Technology Market report comprises of vital details of the Hypersonic Technology business sphere that aims to offer the reader a comprehensive understanding of the Hypersonic Technology market and identify optimum growth prospects to gain a competitive edge over other competitors.

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Emergen Research has segmented global hypersonic technology market on the basis of launch mode, range, type, end-use, and region:

• 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

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Elements analyzed in the report:

The Global Hypersonic Technology Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

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.

Regional Analysis of the Hypersonic Technology Market includes:

• 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)

North America is expected to register a considerably robust revenue growth rate among other regional markets in the global hypersonic technology market over the forecast period. This can be attributed to robust presence of companies engaged in developments in hypersonic technologies such as BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, and Raytheon Technologies Corporation, among others in countries in the region.

Some Key Highlights From the Report

• Hypersonic glide vehicle segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to higher preference owing to cost-effectiveness and capability of delivering multiple warheads with better precision.
• 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.

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