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Supersonic and Hypersonic Weapons Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4833442
  • Report
  • 84 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • ArianeGroup
  • Konsberg Gruppen
  • MBDA
  • Raytheon Company
  • Roscosmos
  • The Boeing Company
  • MORE
Market Overview

The market for supersonic and hypersonic weapons is projected to grow with a CAGR of more than 6% during the forecast period.
  • Growth in defense spending is attracting R&D investments into the market, especially into the hypersonic weapons technologies. Countries like Russia, China, and the US are progressing with research in many advanced hypersonic weapon technologies, and many countries are about to join the race in the years to come.
  • The increasing global conflicts and the belief in deterrence theory are propelling the nations to develop advanced nuclear-capable weapons, thereby driving the market growth.
  • The growing number of partnerships between the companies in developing these supersonic and hypersonic weapons is helping technological advancements in the industry.
Key Market Trends

Missile Segment had the Highest Revenue Share in the Market in 2018

By the end of 2018, the Missile segment had the highest share in the market. This is mainly due to the increasing procurement of missiles by various countries in the world. While cruise missiles are among the most procured missiles, research is also in progress for developing advanced ballistic missiles, especially hypersonic. Several countries have developed their own missile defense programs to counter threats from other countries. For instance, as a part of the Indian Ballistic Missile Defence Programme, an initiative to develop and deploy a multi-layered ballistic missile defense system to protect India from ballistic missile attacks, the country is procuring supersonic and hypersonic missiles from various countries, in addition to developing its own ballistic missiles. Also, countries in Middle-East, like Israel and Iran are testing and including supersonic and hypersonic missiles in their armory in the wake of rising political tensions in the region.

As of 2019, Europe is the Largest Market for Supersonic and Hypersonic Weapons in the World.

Due to major developments in supersonic and hypersonic weapon technologies by many countries in the region, Europe remained the largest revenue generator for the region. Russia has been the main demand generating country in the region. The country is progressing forward with the development of many advanced missile systems. In March 2018, Russia unveiled a new prototype missile that can travel anywhere on the earth and a supersonic weapon that the country claims cannot be tracked by anti-missile systems. The country announced that the production of the cruise missile has started in the same year. Also, in August 2019, Russia showcased its Kh-47M2 Kinzhal (“Dagger”) Nuclear-Capable, Air-Launched Ballistic Missile (ALBM) at an airshow in central Russia. The hypersonic missile can attain speeds of more than Mach 10. Likewise, France has also joined the race to develop ‘hypersonic’ weapons, after China, Russia, and the United States. The country, in January 2019, announced its Project V-MaX, which aims to create a hypersonic glider that has a speed of more than Mach 5 (i.e. nearly 3,700 miles per hour), by 2021.

Competitive Landscape

Raytheon Company, Roscosmos, MBDA, Tactical Missiles Corporation, Northrop Grumman Corporation are some of the major players in the market. Joint ventures like the Ariane Group (between Airbus SE and Safran), MBDA (between Airbus SE, Leonardo Company and BAE Systems) in the market are predominant. There are also partnerships between companies that are aimed at developing technologies tailored to the specific requirements of the militaries. For instance, Raytheon Company and Kongsberg Gruppen partnered for co-producing a new Naval Strike Missile for the United States, and the production has started in 2018. In addition, another partnership, comprising of Raytheon Company and Northrop Grumman Corporation is developing air-breathing hypersonic weapons for the United States military. Research is also in progress for developing advanced technologies in hypersonic weapons, especially in hypersonic glide vehicles, but only a few companies have the technology at their disposal. Thus players can target the countries which are aiming to get equipped with these technologies, and thereby grab new opportunities to gain a better market share.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ArianeGroup
  • Konsberg Gruppen
  • MBDA
  • Raytheon Company
  • Roscosmos
  • The Boeing Company
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Speed
5.1.1 Supersonic
5.1.2 Hypersonic
5.2 Type
5.2.1 Missile
5.2.2 Hypersonic Glide Vehicle
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 South Korea
5.3.3.5 Rest of Asia Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 The Boeing Company
6.4.2 Konsberg Gruppen
6.4.3 Raytheon Company
6.4.4 Roscosmos
6.4.5 Lockheed Martin Corporation
6.4.6 Northrop Grumman Corporation
6.4.7 MBDA
6.4.8 Defense Research and Development Organization
6.4.9 Tactical Missiles Corporation
6.4.10 ArianeGroup

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • The Boeing Company
  • Konsberg Gruppen
  • Raytheon Company
  • Roscosmos
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • MBDA
  • Defense Research and Development Organization
  • Tactical Missiles Corporation
  • ArianeGroup
Note: Product cover images may vary from those shown
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