About Hypersonic Missiles
Missiles are self-propelled precision-guided munition systems and essential part of a country’s firearm inventory. They constitute of four system components, which are targeting or missile guidance system, flight system, engine, and warhead. Missiles are classified as subsonic, supersonic, and hypersonic systems depending on the speed at which they travel. Subsonic systems travel at a speed of Mach 0.8 and are known for dodging obstacles and being fuel efficient. They also have higher payload-carrying capacity. The technology for the development of subsonic missiles is quite matured, and countries have capitalized the building of such systems.
Technavio’s analysts forecast the global hypersonic missiles market to grow at a CAGR of 2.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hypersonic missiles market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, retrofit, replacement, spares and aftermarket services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hypersonic Missiles Market 2017-2021
Technavio recognizes the following companies as the key players in the global hypersonic missiles market: Boeing, Lockheed Martin, NPO Mashinostroyenia, and Raytheon.
Other Prominent Vendors in the market are: Defence Research Development and Organisation (DRDO), and Tactical Missiles Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of scramjet technology. Propulsion system plays a critical role in determining the range, payload, and speed of a missile. The major propulsion systems currently used in rockets and missiles are turbofans, turbojets, and ramjets. Supersonic systems, which travel at a speed of Mach 2-4, run on the ramjets technology. However, in the recent years, there is an increasing need for rockets with higher speeds. This has led to the development of a new propulsion system called scramjet, or Supersonic Combustion Ramjet.”
According to the report, one of the major drivers for this market is Need for improved missiles. Over the years, the deployment of a particular type of missile or weapon eventually leads to the development of its counteractants. For example, in 2010, India developed supersonic missile, BrahMos, which is a short-range ramjet supersonic cruise missile. However, as a countermeasure, the US, along with Raytheon, developed the Standard Missiles-6 (SM-6) in 2015. These systems were deployed on the destroyers and cruisers of the US Navy to intercept any kind supersonic missiles.
Further, the report states that one of the major factors hindering the growth of this market is Ambiguities with hypersonic missiles. The development of hypersonic missiles is clouded with several concerns. Most of it refers to the whether a conventional or nuclear warhead is being used. Hypersonic missiles, when fitted with nuclear warheads, can be fatal to the target enemy country. It can also cause nuclear winter that could last for a very long time after the initial attack and eventually leave the area inhabitable. Another ambiguity lies with respect to the target.
Boeing, Lockheed Martin, NPO Mashinostroyenia, and Raytheon. Defence Research Development and Organisation (DRDO), and Tactical Missiles Corporation.
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