About Hypersonic Weapon
The global hypersonic weapons market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Growing demand for advanced tactical weapons propelled by rising defense expenditure across different countries is expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hypersonic Weapon market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boeing (United States), Lockheed Martin Corporation (United States), Raytheon (United States), Nurthrop Grumman Corporation (United States), DARPA (United States), JSC Votkinsk Machine Building Plant (Russia) and Dynetics, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hypersonic Weapon market by Type (Hypersonic Cruise Missiles and Hypersonic Guided Vehicles) and Region.
On the basis of geography, the market of Hypersonic Weapon has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Range, the sub-segment i.e. Short Range will boost the Hypersonic Weapon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Nuclear Weapons & Atomic Weapons
Market Growth Drivers:
Growing Demand for Advanced Tactical Weapons Such as High Speed Missiles and Rising Defense Expenditure Across Different Countries
Challenges:
Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Restraints:
High Cost of Weapons
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
Sept. 11, 2023 — Boeing developed and test technologies for a hypersonic interceptor prototype for DARPA’s Glide Breaker program as part of a four-year effort. Boeing will perform computational fluid dynamics analysis, wind tunnel testing and evaluation of aerodynamic jet interaction effects during flight tests.
In May 2020, Dynetics announced that it has planned to complete its hypersonic missile production factory in Alabama, United States within the year 2020.
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries Around the World Due to the COVID-19 Pandemic is Impacting the Demand for Hypersonic Weapons
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the hypersonic weapons market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.