Hypersonic missiles are a type of weapon system that travel at incredibly high speeds, typically defined as speeds exceeding Mach 5 (five times the speed of sound) or more. These missiles are designed to be highly maneuverable and difficult to intercept, making them a significant threat to conventional air defense systems.
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The development of hypersonic missiles is a top priority for many militaries around the world, including the United States, Russia, and China. These missiles have the potential to revolutionize warfare by providing the ability to strike targets at great distances with unprecedented speed and accuracy.
One of the key advantages of hypersonic missiles is their ability to travel at such high speeds that they are virtually unstoppable. They are able to fly at altitudes that are difficult to reach with conventional missiles and are highly maneuverable, making them extremely difficult to intercept. This makes them a valuable asset in a wide range of military scenarios, from striking enemy targets deep behind enemy lines to defending against incoming missile attacks.
COVID-19 Impact Analysis:
Due to COVID-19 pandemic government across the all the major countries have announced lockdown leading to various business shutdowns. This has led to disruption in manufacturing of defense equipment. Moreover, due to economic slowdown and more focus on health budget many countries have reduced their defense budget thus affecting the demand for hypersonic missiles. Furthermore, due lockdown there was unavailability of raw materials required for manufacturing of hypersonic missiles. In addition, due to social distancing & travelling restriction norms there was unavailability of skilled labor required for production of hypersonic missiles. Defense is an evolving sector which had a slight setback due to the pandemic, but it is expected to recover post pandemic and drive growth of hypersonic missile market.
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Top Impacting Factors
- Rise in threat of terrorist attack, advancement in missile technology, and rise in demand for hypersonic missiles is expected to drive growth of the market.
- However, high investment cost and lack of skilled workforce for development of hypersonic missile can hamper growth of the market.
- Moreover, rise in government investment in hypersonic missile technology, rise in R&D for new weapon system, and rise in demand for new technology can act as an opportunity for growth of the market.
Key Benefits of the Report:
- This study presents the analytical depiction of the hypersonic missile market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the hypersonic missile market.
- The current market is quantitatively analyzed to highlight the hypersonic missile market growth scenario.
- The report provides detailed hypersonic missile market analysis based on competitive intensity and how the competition will take shape in coming years.
Leading Key Players: Aerojet Rocketdyne Holdings Inc, The Boeing Company, Brahmos Aerospace Pvt. Ltd., Lockheed Martin Corporation, Thales Group, General Dynamics Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB SA,, Dynetics Inc.
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