Albany, NY -- (SBWIRE) -- 07/14/2017 -- Missiles are self-propelled precision-guided munition systems and essential part of a countrys 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.
The global hypersonic missiles market to grow at a CAGR of 2.68% during the period 2017-2021. 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
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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.
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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?
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