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Global Hypersonic Missiles Market 2017-2021

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hypersonic Missiles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boeing
  • Lockheed Martin
  • NPO Mashinostroyenia
  • Raytheon
Other prominent vendors
  • Defence Research Development and Organisation (DRDO)
  • Tactical Missiles Corporation
Market driver
  • Need for improved missiles
  • For a full, detailed list, view our report
Market challenge
  • Ambiguities with hypersonic missiles
  • For a full, detailed list, view our report
Market trend
  • Emergence of scramjet technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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.



Companies Mentioned

Boeing, Lockheed Martin, NPO Mashinostroyenia, and Raytheon. Defence Research Development and Organisation (DRDO), and Tactical Missiles Corporation.

  • EXECUTIVE SUMMARY
  • SCOPE OF THE REPORT
  • RESEARCH METHODOLOGY
  • INTRODUCTION
    • GLOBAL MISSILE AND MISSILE DEFENSE SYSTEMS MARKET: OVERVIEW
      • Table SOME PROMINENT MISSILES AND MDS PROJECTS
    • GLOBAL HYPERSONIC MISSILE MARKET: OUTLINE
  • MARKET LANDSCAPE
    • MARKET OVERVIEW
      • Table CLASSIFICATION OF GLOBAL HYPERSONIC MISSILES MARKET 2016-2021
    • MARKET SIZE AND FORECAST
      • Table GLOBAL HYPERSONIC MISSILES MARKET 2016-2021 ($ MILLIONS)
    • FIVE FORCES ANALYSIS
      • Table FIVE FORCES ANALYSIS
  • MARKET SEGMENTATION BY PRODUCT TYPE
    • MARKET SEGMENTATION BY PRODUCT TYPE
      • Table GLOBAL HYPERSONIC MISSILES MARKET SEGMENTATION BY PRODUCT TYPE 2016 AND 2021 (%)
      • Table GLOBAL HYPERSONIC MISSILES MARKET SEGMENTATION BY PRODUCT TYPE 2016 AND 2021 ($ MILLIONS)
    • GLOBAL HYPERSONIC BALLISTIC MISSILES MARKET
      • Table GLOBAL HYPERSONIC BALLISTIC MISSILES MARKET 2016-2021 ($ MILLIONS)
      • Table FEATURES OF HYPERSONIC BALLISTIC MISSILES
    • GLOBAL HYPERSONIC CRUISE MISSILES MARKET
      • Table GLOBAL HYPERSONIC CRUISE MISSILES MARKET 2016-2021 ($ MILLIONS)
      • Table FEATURES OF HYPERSONIC CRUISE MISSILES
  • GEOGRAPHICAL SEGMENTATION
    • MARKET SEGMENTATION BY GEOGRAPHY
      • Table GLOBAL HYPERSONIC MISSILES MARKET SEGMENTATION BY GEOGRAPHY 2016 AND 2021 (%)
      • Table GLOBAL HYPERSONIC MISSILES MARKET SEGMENTATION BY GEOGRAPHY 2016-2021 ($ MILLIONS)
    • HYPERSONIC MISSILES MARKET IN AMERICAS
      • Table HYPERSONIC MISSILES MARKET IN AMERICAS 2016-2021 ($ MILLIONS)
      • Table TECHNOLOGIES OF INTEREST UNDER HAWC
      • Table FUNCTIONING OF TBG
    • HYPERSONIC MISSILES MARKET IN APAC
      • Table HYPERSONIC MISSILES MARKET IN APAC 2016-2021 ($ MILLIONS)
    • HYPERSONIC MISSILES MARKET IN EMEA
      • Table HYPERSONIC MISSILES MARKET IN EMEA 2016-2021 ($ MILLIONS)
  • DECISION FRAMEWORK
  • DRIVERS AND CHALLENGES
    • MARKET DRIVERS
      • Table MISSILE SPEEDS
      • Table HIGHEST DEFENSE SPENDING COUNTRIES 2016 ($ BILLIONS)
    • MARKET CHALLENGES
      • Table HYPERSONIC WEAPON SYSTEMS TEST FAILURES
  • MARKET TRENDS
    • EMERGENCE OF SCRAMJET TECHNOLOGY
      • Table DIFFERENCE BETWEEN RAMJET AND SCRAMJET TECHNOLOGIES
    • DEVELOPMENT OF HYPERSONIC BOOST-GLIDE WEAPONS
      • Table PRIME OBJECTIVES OF TBG PROGRAM
    • USE OF 3D-PRINTING IN BUILDING HYPERSONIC MISSILES
  • VENDOR LANDSCAPE
    • COMPETITIVE LANDSCAPE
      • Table MAJOR VENDORS OF GLOBAL HYPERSONIC MISSILES MARKET 2016-2021
    • BOEING
      • Table BOEING: GEOGRAPHICAL SEGMENTATION 2016 (%)
      • Table BOEING: BUSINESS APPLICATIONS
    • LOCKHEED MARTIN
      • Table LOCKHEED MARTIN: BUSINESS SEGMENTATION 2016
      • Table LOCKHEED MARTIN: PRODUCT PORTFOLIO
    • NPO MASHINOSTROYENIA
      • Table NPO MASHINOSTROYENIA: BUSINESS AREAS
    • RAYTHEON
      • Table RAYTHEON: BUSINESS SEGMENTATION 2016 (%)
      • Table RAYTHEON: PRODUCT PORTFOLIO
    • OTHER PROMINENT VENDORS
  • APPENDIX
    • LIST OF ABBREVIATIONS
  • EXPLORE TECHNAVIO

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