Hypersonic Weapons Market: Global Forecast to 2030
NATIONAL SUMMIT ON
HYPERSONIC WEAPON SYSTEMS April 25 & 26, 2024 • Arlington, VA
Outlining the path forward in the development of cutting-edge Hypersonic Weapon Technology
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Part of American Conference Institute’s DEFENSE & GOVERNMENT SUMMITS
NATIONAL SUMMIT ON
HYPERSONIC WEAPON SYSTEMS
STRATEGIC TRAJECTORY: Mapping Courses in Weaponry and Addressing Global Demand for Hypersonic Weapons The hypersonic weapons market is estimated to be USD 6.8 billion in 2023 and is projected to reach USD 14.5 billion by 2030, at a CAGR of 11.4% from 2023 to 2030. One of the key factors driving the growth of hypersonic technology is the increasing need for faster and more advanced military capabilities. Hypersonic systems offer unprecedented speed and maneuverability, enabling enhanced defense capabilities and military superiority. Hypersonic weapons have the potential to revolutionize military operations by offering significantly faster speeds than traditional ballistic or cruise missiles. This enables the ability to strike targets with unprecedented speed, reducing the response time for military actions and increasing
CONTENT OVERVIEW In advance of our National Summit on Hypersonic Weapons Systems we have worked closely with our Partner ASDReports to keep you apprised of the latest innovations and key components of developing hypersonic weapons including: – Integration, Testing, Materials, Propulsion and Sensors – to maintain the balance of geopolitics. Keep reading to find out more: PAGE 2 Strategic Trajectory: Mapping Courses In Weaponry And Addressing Global Demand For Hypersonic Weapons PAGE 3 Hypersonic Weapons Market Dynamics – Drivers, Retraints, Opportunities and challenges PAGE 5 Asia Pacific, Key Market players and Recent Developments PAGE 6 Key Themes Discussed in the Summit
the effectiveness of offensive operations.
ATTRACTIVE OPPORTUNITIES IN THE HYPERSONIC WEAPONS MARKET
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CONTENT OVERVIEW PAGE 2 Strategic Trajectory: Mapping Courses In Weaponry And Addressing Global Demand For Hypersonic Weapons
Hypersonic Weapons Market Dynamics: DRIVERS: Military modernization programs and arms races to accelerate demand for hypersonic weapons
PAGE 3 Hypersonic Weapons Market Dynamics – Drivers, Retraints, Opportunities and challenges PAGE 5 Asia Pacific, Key Market players and Recent Developments
PAGE 6 Military modernization programs primarily drive the global demand for hypersonic Key Themes Discussed in the Summit weapons as countries seek to upgrade their military capabilities. With hypersonic weapons offering advantages in terms of speed, range, and precision, countries increasingly invest in research, development, and acquisition programs to incorporate these advanced systems into their armed forces to enhance strategic deterrence, increase operational flexibility, and ensure national security. This ongoing modernization creates a lucrative market for hypersonic weapons and stimulates advancements and investments in the field. The arms race further fuels the demand for hypersonic weapons. When one country deploys hypersonic weapons, it can trigger responses from other countries striving to gain an edge. The fear of being at a strategic disadvantage compels countries to invest in hypersonic weapons to match or surpass their rivals. The arms race fosters competition, spurs innovation, and leads to increased research, development, and procurement activities in the hypersonic weapons market. Consequently, the market experiences growth and accelerated technological advancements.
These military modernization programs and arms races create a self-perpetuating cycle in the hypersonic weapons market. Modernization efforts drive the initial demand, while the arms race sustains and amplifies it. This encourages investments, research, and development, leading to a continuous evolution of hypersonic weapon systems and technologies. The perceived advantages of hypersonic weapons have created a sense of urgency to develop and deploy these weapons. Countries such as the US, Russia, China, and others have been actively investing in the research, development, and testing of hypersonic technologies. For instance, In 2021, China field-tested a hypersonic missile, which worried many defense officials globally, especially the US. 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.
RESTRAINTS: Need for high investments in early stages of hypersonic weapon development During the early stages of development, significant investment is required to fund research, prototyping, testing, and validation of hypersonic weapons. The complexity of hypersonic technology results in high development costs, which can strain the financial resources of governments and organizations. Limited financial resources may prevent smaller nations or entities from participating in the hypersonic weapons market, leading to an uneven distribution of capabilities and potential technological gaps. Moreover, the need for high investments in the early stages can prolong the development timeline. Research and development of hypersonic weapons often involve iterative testing, design refinements, and technical challenges that require significant time and resources to overcome. Delays in development can limit the availability of operational hypersonic weapon systems in the near term, potentially slowing down the market’s growth. The early phase investment restraint also poses risks in terms of return on investment. There is inherent uncertainty in the successful development and deployment of hypersonic weapons, and investments made in the early stages may not yield immediate or guaranteed returns. This uncertainty can deter potential investors or stakeholders who are cautious about committing substantial resources without assurance of commercial or strategic viability. Additionally, high investments may lead to budgetary constraints, diverting funds from other defense priorities. Governments and organizations need to carefully balance their investment allocations to ensure a comprehensive and balanced approach to national security. In January 2023, US Congressional budget office stated that buying 300 intermediate ballistic missiles and sustaining them for 20 years would cost USD 13.4 billion, while a similar range of hypersonic missiles would cost USD 17.9 billion. Owing to these factors, the development of a hypersonic weapon can be more expensive than a supersonic missile.
AmericanConference.com/Hypersonic-Technology • 888 224 2480 LINKEDIN Defense & Government: U.S. Military/Government Personnel & Defense Industry Professionals
Part of American Conference Institute’s DEFENSE & GOVERNMENT SUMMITS
NATIONAL SUMMIT ON
HYPERSONIC WEAPON SYSTEMS
OPPORTUNITIES: Compact hypersonic weapons create new growth avenues Compact hypersonic weapons offer several advantages that open up new opportunities for military applications. Their small size allows for easier deployment and integration onto various platforms, including aircraft, ships, and ground-based launchers. This flexibility enables hypersonic weapons to be rapidly deployed to different theaters of operation and provides excellent mission adaptability. Furthermore, the enhanced performance resulting from compactness, such as higher speeds and maneuverability, enables hypersonic weapons to penetrate and evade advanced air defenses. This capability significantly increases the weapon’s lethality and survivability, enhancing its operational effectiveness in contested environments.
CONTENT OVERVIEW PAGE 2 Strategic Trajectory: Mapping Courses In Weaponry And Addressing Global Demand For Hypersonic Weapons PAGE 3 Hypersonic Weapons Market Dynamics – Drivers, Retraints, Opportunities and challenges PAGE 5 Asia Pacific, Key Market players and Recent Developments PAGE 6 Key Themes Discussed in the Summit
The cost-effectiveness of compact hypersonic weapons is another key opportunity. Small size and reduced weight can lead to lower production costs, as well as decreased transportation and storage expenses. This cost advantage may make hypersonic weapons more accessible to a broader range of countries, enabling them to acquire and integrate these advanced capabilities into their military forces. Compactness can also foster innovation in materials science, miniaturization techniques, and manufacturing processes. Researchers and engineers are continually exploring novel materials, advanced propulsion systems, and optimized designs to achieve compactness without compromising performance. These technological advancements drive the evolution of hypersonic weapons, leading to improved efficiency, reliability, and operational capabilities.
CHALLENGES: Overheating and complex manufacturing One of the major challenges in hypersonic weapons is the issue of overheating. Hypersonic speeds generate intense heat due to air friction and compression, exposing the weapon’s components to extreme temperatures. This thermal stress can lead to material degradation, structural failure, and a reduction in overall performance. Designing and developing materials that can withstand these extreme conditions is crucial to ensure the durability and reliability of hypersonic weapons. The complex manufacturing of hypersonic weapons also presents challenges. The manufacturing of hypersonic weapons involves intricate components and geometries, requiring advanced manufacturing techniques, such as additive manufacturing (3D printing). The precise fabrication and assembly of these complex structures demand stringent quality control measures to ensure the components meet the required specifications. Furthermore, specialized materials used in hypersonic weapons, such as advanced ceramics, carbon composites, and heat-resistant alloys, add complexity to the manufacturing process. These materials often have unique properties and processing requirements, requiring specialized manufacturing expertise and equipment. The high speeds and unique flight characteristics of hypersonic weapons also make their testing and evaluation challenging. Facilities capable of simulating hypersonic conditions for testing are limited and expensive to construct. Conducting comprehensive testing to verify the performance, reliability, and safety of hypersonic weapons under realistic conditions poses significant logistical and technical challenges. Addressing these challenges requires collaborative efforts between researchers, engineers, and manufacturers. Advances in materials science, thermal management techniques, and manufacturing processes are necessary to mitigate the effects of overheating and ensure the production of reliable hypersonic weapon systems. Additionally, the development of specialized testing facilities and methodologies is crucial to accurately assess the performance and capabilities of hypersonic weapons. Overcoming the challenges associated with overheating and complex manufacturing is essential to enhance the operational capabilities and reliability of hypersonic weapons. Continued research, innovation, and investment in these areas will contribute to the growth and maturation of the hypersonic weapons market, enabling their broader adoption and integration into military and aerospace applications.
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“Asia Pacific is expected to lead the hypersonic weapons market in 2023.” Hypersonic weapons in the North America region are experiencing significant growth due to several key factors. Firstly, The Asia-Pacific region is home to several major military powers which includes China, Japan, India, Australia among others. These countries have high military budgets and have been modernizing its military capabilities and has invested heavily in areas such as missile technology. Secondly, the rapid technological advancements and investments in hypersonic weapons technology drive the market in this region, major Asian pacific countries have developed or invested in the development of hypersonic weapons technology.
CONTENT OVERVIEW PAGE 2 Strategic Trajectory: Mapping Courses In Weaponry And Addressing Global Demand For Hypersonic Weapons PAGE 3 Hypersonic Weapons Market Dynamics – Drivers, Retraints, Opportunities and challenges PAGE 5 Asia Pacific, Key Market players and Recent Developments PAGE 6 Key Themes Discussed in the Summit
Key Market Players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumann Corporation (US), L3Harris Technologies Inc. (US), Leidos (US), Thales Group (UK), General Dynamics Corporation (US), Boeing (US), Israel Aerospace Industries (Israel), Bae Systems (UK) are some of the leading companies in the hypersonic weapons market. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Recent Developments •
In April 2023, Mitsubishi Heavy Industries (Japan) was awarded numerous contracts from the Ministry of Defense (Japan) for the development of missile systems including hypersonic weapons. The contract was valued at USD 883 million and was aimed at developing hypersonic cruise missiles and hypersonic glide vehicles.
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In March 2023, Raytheon Technologies Corporation (US) was awarded a contract by the US Air Force to build a hypersonic cruise missile under the HACM Programme (Hypersonic attack cruise missile). The contract was worth USD 985 million.
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In January 2021, Bae Systems (UK) was awarded a contract worth USD 4 million Defense Advanced Research Projects Agency (DARPA) (US) to develop data links for hypersonic weapons. The contract was aimed to develop prototype prototypes of data link systems to guide future hypersonic Tactical Boost Glide (TBG) vehicles.
Interested in the complete study? URL: https://www.asdreports.com/market-research-report-623194/hypersonic-weapons-market-global-forecast
AmericanConference.com/Hypersonic-Technology • 888 224 2480 LINKEDIN Defense & Government: U.S. Military/Government Personnel & Defense Industry Professionals
Part of American Conference Institute’s DEFENSE & GOVERNMENT SUMMITS
NATIONAL SUMMIT ON
HYPERSONIC WEAPON SYSTEMS April 25 & 26, 2024 • Arlington, VA
Outlining the path forward in the development of cutting-edge Hypersonic Weapon Technology
Outlining the path forward in the development of cutting edge Hypersonic Weapon Technology The 3rd Annual interactive summit being held in Spring of 2024, will comprehensively analyze the DoD’s approach to the ongoing global proliferation of hypersonic weapons, giving attendees the opportunity to hear about advancements in Hypersonic weapon technologies amid the current backdrop of strategic competition from Russia and China. ACI’s interactive event will not only give you unprecedented close-up access to hypersonic experts each discussing the DoD’s approach to the ongoing global proliferation of hypersonic weapons, but will also give you opportunities for one-onone networking with the people you want to learn and hear from the most. Key themes running throughout the summit include: Angle-Right Enhance your understanding on Government/DoD and International Cooperation Plans and Policies to Maintain a Global Defensive Superiority Angle-Right Learn about the Latest DoD Hypersonic Weapon Systems Posture, Programs & Emerging Capabilities and Opportunities for Industry Angle-Right Meet policymakers, subject matter experts, and strategy leaders to inform your policy, transform concepts of operation, and enhance operational effectiveness Angle-Right Understand Counter Hypersonic Technologies and Platforms – Challenging the Adversarial Threats
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