Hypersonic Flight Market
Hypersonic Flight Market Forecasts to 2030 - Global Analysis By Type (Hypersonic Missiles, Hypersonic Aircraft, Hypersonic Glide Vehicles (HGVs), Space Planes and Other Types), Component (Scramjet Engine, Airframe Structure, Guidance, Navigation, and Control (GNC) System, Propulsion System and Other Components), Launch Mode, Range, Application, End User and By Geography
According to Stratistics MRC, the Global Hypersonic Flight Market is accounted for $6.94 billion in 2023 and is expected to reach $15.38 billion by 2030 growing at a CAGR of 12.4% during the forecast period. Hypersonic flight represents the next frontier in aerospace technology, characterized by speeds exceeding Mach 5, or five times the speed of sound. This realm of high-speed travel offers transformative potential across military, commercial, and scientific domains. Utilizing cutting-edge propulsion systems and advanced materials, hypersonic vehicles promise vastly reduced travel times, enhanced reconnaissance capabilities, and more agile military operations. With potential applications ranging from rapid global travel to enhanced missile defense, the development of hypersonic flight systems heralds a new era of unparalleled speed and agility in aerospace engineering.
Accordingly, the US made a significant investment of USD 13 billion in hypersonic weapons with a request by the DoD (Department of Defense) to develop hypersonic missiles from 2023 to 2027.
Market Dynamics:
Driver:
Global security concerns
Heightened geopolitical tensions and evolving security threats prompt nations to prioritize the development of hypersonic technologies for military applications. These include rapid strike capabilities and enhanced missile defense systems. The need to maintain strategic superiority and deter potential adversaries fuels investments in hypersonic research and development. Consequently, the market experiences increased demand for hypersonic weapons and surveillance systems, driving innovation and expansion in the sector.
Restraint:
Technical challenges
Technical challenges in hypersonic flight include managing extreme aerodynamic heating, maintaining structural integrity, and addressing thermal management issues. These hurdles prolong development timelines, increase costs, and pose safety risks. The complexity of these challenges necessitates extensive research and testing, leading to resource-intensive efforts. Moreover, unresolved technical issues may deter potential investors and stakeholders from committing to hypersonic projects, hampering market growth.
Opportunity:
Ongoing advancements in materials science
Ongoing advancements in materials science enables the development of lightweight yet robust materials capable of withstanding extreme temperatures and aerodynamic stresses experienced during hypersonic flight. These materials facilitate the construction of high-performance hypersonic vehicles, propulsion systems, and thermal protection systems, reducing weight, improving efficiency, and enhancing overall performance. As materials science continues to evolve, it accelerates the pace of innovation in hypersonic technology, making it more feasible and cost-effective for both military and commercial applications.
Threat:
Cost constraints
Cost constraints in hypersonic flight arise due to the substantial expenses associated with research, development, and deployment of hypersonic vehicles and infrastructure. High costs stem from the need for specialized materials, advanced propulsion systems, rigorous testing, and complex manufacturing processes to withstand extreme speeds and temperatures. These expenses pose significant barriers to entry, particularly for commercial ventures seeking profitability.
Covid-19 Impact
The covid-19 pandemic has had a mixed impact on the hypersonic flight market. While initial disruptions in supply chains, workforce availability, and funding affected project timelines and investments, the crisis also underscored the importance of rapid, efficient transportation for global connectivity and security. As nations strive to recover from the economic downturn, there's renewed interest and investment in hypersonic technologies for defense modernization and commercial applications. However, lingering uncertainties regarding travel demand and budgetary constraints continue to influence market dynamics.
The hypersonic aircraft segment is expected to be the largest during the forecast period
The hypersonic aircraft segment is estimated to have a lucrative growth. Hypersonic aircraft are vehicles designed to travel at speeds exceeding Mach 5, or five times the speed of sound. They offer immense potential for revolutionizing global transportation and military capabilities due to their ability to cover vast distances in minimal time. These aircraft utilize advanced propulsion systems, such as scramjets or ramjets, to achieve hypersonic speeds. Hypersonic aircraft hold promise for enabling rapid, efficient travel and enhancing defense capabilities in the future.
The satellite deployment segment is expected to have the highest CAGR during the forecast period
The satellite deployment segment is anticipated to witness the highest CAGR growth during the forecast period, due to its potential to significantly reduce launch costs and increase flexibility. Hypersonic vehicles could offer rapid, reusable, and cost-effective access to space, enabling more frequent and responsive satellite deployments. By leveraging air-breathing propulsion systems, these vehicles could achieve higher velocities and altitudes than traditional rocket-based launches, reducing the energy required to reach orbit.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period driven by military modernization, technological advancements, and commercial opportunities. Countries like China, India, and Japan are investing heavily in hypersonic research and development to bolster their military capabilities and maintain strategic superiority. Additionally, commercial interest is growing, with companies exploring hypersonic passenger travel and cargo delivery solutions. Collaborations between governments, research institutions, and aerospace companies are accelerating progress in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to substantial investments in defense and aerospace sectors, particularly in the United States. The region's advanced technological capabilities, robust infrastructure, and strong research institutions position it as a leader in hypersonic research and development. Government initiatives like the United States' Hypersonic Conventional Strike Weapon program drive market growth, while collaborations between defense contractors, government agencies, and academia foster innovation.
Key players in the market
Some of the key players profiled in the Hypersonic Flight Market include Lockheed Martin Corporation, Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, BAE Systems PLC, Aerojet Rocketdyne Holdings Inc., General Dynamics Corporation, SpaceX, Virgin Galactic Holdings Inc., Blue Origin LLC, Thales Group, Saab AB, Mitsubishi Heavy Industries, Rolls-Royce Holdings PLC and Reaction Engines Limited.
Key Developments:
In April 2023, Mitsubishi Heavy Industries was awarded numerous contracts from the Ministry of Defense (Japan) for development of missile systems including hypersonic weapons. The contract was valued at USD 883 million and was aimed to develop hypersonic cruise missile and hypersonic glide vehicles.
In March 2023, Raytheon Technologies Corporation was awarded a contract by the US Air Force to build hypersonic cruise missile under the HACM Programme (Hypersonic attack cruise missile). The contract was worth USD 985 million.
Types Covered:
• Hypersonic Missiles
• Hypersonic Aircraft
• Hypersonic Glide Vehicles (HGVs)
• Space Planes
• Other Types
Components Covered:
• Scramjet Engine
• Airframe Structure
• Guidance, Navigation, and Control (GNC) System
• Propulsion System
• Other Components
Launch Modes Covered:
• Air-Launched
• Ground-Launched
• Sea-Launched
• Space-Launched
Ranges Covered:
• Short-Range
• Medium-Range
• Long-Range
• Ultra-Long Range
Applications Covered:
• Space Tourism
• Transportation
• Research & Development
• Surveillance & Intelligence
• Satellite Deployment
• Emergency Response
• Other Applications
End Users Covered:
• Defense Contractors
• Military/Government
• Commercial Airlines
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hypersonic Flight Market, By Type
5.1 Introduction
5.2 Hypersonic Missiles
5.3 Hypersonic Aircraft
5.4 Hypersonic Glide Vehicles (HGVs)
5.5 Space Planes
5.6 Other Types
6 Global Hypersonic Flight Market, By Component
6.1 Introduction
6.2 Scramjet Engine
6.3 Airframe Structure
6.4 Guidance, Navigation, and Control (GNC) System
6.5 Propulsion System
6.6 Other Components
7 Global Hypersonic Flight Market, By Launch Mode
7.1 Introduction
7.2 Air-Launched
7.3 Ground-Launched
7.4 Sea-Launched
7.5 Space-Launched
8 Global Hypersonic Flight Market, By Range
8.1 Introduction
8.2 Short-Range
8.3 Medium-Range
8.4 Long-Range
8.5 Ultra-Long Range
9 Global Hypersonic Flight Market, By Application
9.1 Introduction
9.2 Space Tourism
9.3 Transportation
9.4 Research & Development
9.5 Surveillance & Intelligence
9.6 Satellite Deployment
9.7 Emergency Response
9.8 Other Applications
10 Global Hypersonic Flight Market, By End User
10.1 Introduction
10.2 Defense Contractors
10.3 Military/Government
10.4 Commercial Airlines
10.5 Other End Users
11 Global Hypersonic Flight Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Lockheed Martin Corporation
13.2 Boeing Company
13.3 Northrop Grumman Corporation
13.4 Raytheon Technologies Corporation
13.5 BAE Systems PLC
13.6 Aerojet Rocketdyne Holdings Inc.
13.7 General Dynamics Corporation
13.8 SpaceX
13.9 Virgin Galactic Holdings Inc.
13.10 Blue Origin LLC
13.11 Thales Group
13.12 Saab AB
13.13 Mitsubishi Heavy Industries
13.14 Rolls-Royce Holdings PLC
13.15 Reaction Engines Limited
List of Tables
1 Global Hypersonic Flight Market Outlook, By Region (2021-2030) ($MN)
2 Global Hypersonic Flight Market Outlook, By Type (2021-2030) ($MN)
3 Global Hypersonic Flight Market Outlook, By Hypersonic Missiles (2021-2030) ($MN)
4 Global Hypersonic Flight Market Outlook, By Hypersonic Aircraft (2021-2030) ($MN)
5 Global Hypersonic Flight Market Outlook, By Hypersonic Glide Vehicles (HGVs) (2021-2030) ($MN)
6 Global Hypersonic Flight Market Outlook, By Space Planes (2021-2030) ($MN)
7 Global Hypersonic Flight Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Hypersonic Flight Market Outlook, By Component (2021-2030) ($MN)
9 Global Hypersonic Flight Market Outlook, By Scramjet Engine (2021-2030) ($MN)
10 Global Hypersonic Flight Market Outlook, By Airframe Structure (2021-2030) ($MN)
11 Global Hypersonic Flight Market Outlook, By Guidance, Navigation, and Control (GNC) System (2021-2030) ($MN)
12 Global Hypersonic Flight Market Outlook, By Propulsion System (2021-2030) ($MN)
13 Global Hypersonic Flight Market Outlook, By Other Components (2021-2030) ($MN)
14 Global Hypersonic Flight Market Outlook, By Launch Mode (2021-2030) ($MN)
15 Global Hypersonic Flight Market Outlook, By Air-Launched (2021-2030) ($MN)
16 Global Hypersonic Flight Market Outlook, By Ground-Launched (2021-2030) ($MN)
17 Global Hypersonic Flight Market Outlook, By Sea-Launched (2021-2030) ($MN)
18 Global Hypersonic Flight Market Outlook, By Space-Launched (2021-2030) ($MN)
19 Global Hypersonic Flight Market Outlook, By Range (2021-2030) ($MN)
20 Global Hypersonic Flight Market Outlook, By Short-Range (2021-2030) ($MN)
21 Global Hypersonic Flight Market Outlook, By Medium-Range (2021-2030) ($MN)
22 Global Hypersonic Flight Market Outlook, By Long-Range (2021-2030) ($MN)
23 Global Hypersonic Flight Market Outlook, By Ultra-Long Range (2021-2030) ($MN)
24 Global Hypersonic Flight Market Outlook, By Application (2021-2030) ($MN)
25 Global Hypersonic Flight Market Outlook, By Space Tourism (2021-2030) ($MN)
26 Global Hypersonic Flight Market Outlook, By Transportation (2021-2030) ($MN)
27 Global Hypersonic Flight Market Outlook, By Research & Development (2021-2030) ($MN)
28 Global Hypersonic Flight Market Outlook, By Surveillance & Intelligence (2021-2030) ($MN)
29 Global Hypersonic Flight Market Outlook, By Satellite Deployment (2021-2030) ($MN)
30 Global Hypersonic Flight Market Outlook, By Emergency Response (2021-2030) ($MN)
31 Global Hypersonic Flight Market Outlook, By Other Applications (2021-2030) ($MN)
32 Global Hypersonic Flight Market Outlook, By End User (2021-2030) ($MN)
33 Global Hypersonic Flight Market Outlook, By Defense Contractors (2021-2030) ($MN)
34 Global Hypersonic Flight Market Outlook, By Military/Government (2021-2030) ($MN)
35 Global Hypersonic Flight Market Outlook, By Commercial Airlines (2021-2030) ($MN)
36 Global Hypersonic Flight Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
