GLOBAL HYPERSONIC MISSILES MARKET
- U.S. Army plans to invest over $43 Billion on its Army’s Big Six program, which includes laser weapons, hypersonic missiles development etc., between 2020-2024.
- U.S. and Japan to deploy nearly thousands of mini-satellite to track hypersonic missiles from Russia and China.
- U.S. and Russia race towards nuke enabled hypersonic missiles.
- U.S. Airforce to review companies that could design an air-launched hypersonic cruise by September,2021.
- Raytheon Technologies to design high energy laser weapons which can defeat future hypersonic missiles.
- U.S. Defence Advanced Research Projects Agency (DARPA) asked industries to develop instruments and sensors for hypersonic missiles which can withstand extreme heat, vibrations and shock.
- In 2014, U.S. Government awarded a contract of $3.6 Billion to Lockheed Martin for hypersonic technology across Army, Navy and Air Force.
Hypersonic missiles are designed to achieve a speed faster than Mach 5 (nearly 4000 miles per hour). They are considered to be deadly amalgamation of both ballistics as well as cruise missile. Missiles flying at high Mach number are not particularly new, but the novelty of hypersonic missile is manoeuvrable.
Hypersonic missiles are under development in many countries like Australia, India, Japan and France, but the race is led by Russia, US and China. On strategic level, it’s a comparatively cost-effective means to strike the target with high probability of success.
HYPERSONIC MISSILE MARKET SEGMENTATION
- HYPERSONIC BALLISTIC MISSILE
It consists of two rockets, which helps in guiding the boost glide weapon from upper atmosphere to outer atmosphere, and warhead. After boost glide weapon reaches hypersonic speed, warhead get detached to hit the target. Missile has a ballistic trajectory over most of its flight path.
- HYPERSONIC CRUISE MISSILE
These missiles are unmanned self-propelled guided vehicle. They fly within the earth’s atmosphere. Many countries are working to develop hypersonic missiles.
HYPERSONIC MISSILE MARKET BY APPLICATION
The functionality of hypersonic missiles depends largely on its guidance system.
- WIRE GUIDANCE
It is similar to radio command system. Commands are sent through thin wires dispensed from the missile after launch.
- COMMAND GUIDANCE
This system gives involves tracking of both missiles and target via radar, laser impulses or along thin wires or optical fibres.
- TERRAIN COMPARISON GUIDANCE (TERCOM)
This navigation system is primarily used by cruise missile. It uses radar altimeter to measure the profile of the ground and checks the result against pre-recorded contour map.
- TERRESTRIAL GUIDANCE
The system constantly measures the start angles and compare the results with the pre-programmed angles expected on the missiles’ intended trajectory.
- INERTIAL GUIDANCE
This system is installed within the missile and pre-programmed with the position, time, velocity and orientation of a missile prior to launch. It uses gyroscope with three accelerometer which measures the acceleration and then integrates it twice to measure velocity and its position. It is less accurate but inexpensive means of attaining fairly accurate fix location.
- BEAM RIDER GUIDANCE
It is mainly used in Surface to air missiles. This guidance system relies on the ship or external ground radar system that transmits the radar or laser beam to track the target and then sends guiding beam to adjust its angle as the target moves.
- LASER GUIDANCE
This system guides the missile to target the position by projecting the laser beam on it. Laser beam reflects off the target and gets scattered in all directions, called laser painting. Missiles are dropped off near target, laser seeker provides direction to the laser scatters to the guidance system.
- RADIO FREQUENCY (RF) AND GPS REFERENCE
Current advancement in guidance system are directed towards use of GPS to guide missiles to their targets. They have high navigational and surveying abilities, and most preferred by militaries across the world.
HYPERSONIC MISSILE MARKET BY GEOGRAPHY
- NORTH AMERICA
During 2011, US launched successfully an Advanced Hypersonic Weapon that successfully struck a target located at 3700 km away.
LOCKHEED MARTIN is developing manoeuvrable rocket launched aircraft called FALCON HYPERSONIC TECHNOLOGY VEHICLE-2.
- ASIA-PACIFIC REGION
Since 2014, China has been making a Hypersonic Glide Vehicle (HGV) and Hypersonic Cruise Missiles (HCM). China’s DF-ZF is a hypersonic glide vehicle, which has undergone various development test between 2014-2016 and scheduled to be operational by 2020.The Chinese military has also been a ballistic missile power combined with HGV named DF-17.
As a part of joint venture with India, Russia has also been working on Brahmos, a hypersonic cruise missile.
In march 2020, Japanese government announced plans to develop two classes of hypersonic weapons: Hypersonic cruise missile and Hyper Velocity Gliding Projectile.
Russia is the first to deploy Avangard, a Hypersonic Glide Vehicle. Another anti-ship Hypersonic Cruise Missile named 3M22 Zircon launched successfully in June 2017 and second Russian Hypersonic Cruise Missile, KH-47M2 Kinzhal is in development. Some miniaturised variant of Hypersonic cruise/ballistic missile like Mini Kinzhal, R-37 are under development.
United Kingdom has expressed their interests to acquire hypersonic missile by 2025.
HYPERSONIC MISSILE MARKET COMPETITIVE LANDSCAPE
- Russia is in advance state of designing Hypersonic Glide Vehicle (HGV) and Hypersonic Cruise Missiles.
- France is currently EU member state developing hypersonic missile.
- United Kingdom also expressed their interests to acquire hypersonic missile by 2025.
- LOCKHEED MARTIN, U.S. is developing manoeuvrable rocket launched aircraft called FALCON HYPERSONIC TECHNOLOGY VEHICLE-2.
- U.S., Russia and China race towards nuke enabled hypersonic missiles.
KEY PLAYERS IN HYPEROSNIC MISSILE MARKET
|2||Scope of the report|
|7||Insights from Industry stakeholders|
|8||Cost breakdown of Product by sub-components and average profit margin|
|9||Disruptive innovation in the Industry|
|10||Technology trends in the Industry|
|11||Consumer trends in the industry|
|12||Recent Production Milestones|
|13||Component Manufacturing in US, EU and China|
|14||COVID-19 impact on overall market|
|15||COVID-19 impact on Production of components|
|16||COVID-19 impact on Point of sale|
|17||Market Segmentation, Dynamics and Forecast by Geography, 2020-2025|
|18||Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025|
|19||Market Segmentation, Dynamics and Forecast by Application, 2020-2025|
|20||Market Segmentation, Dynamics and Forecast by End use, 2020-2025|
|21||Product installation rate by OEM, 2020|
|22||Incline/Decline in Average B-2-B selling price in past 5 years|
|23||Competition from substitute products|
|24||Gross margin and average profitability of suppliers|
|25||New product development in past 12 months|
|26||M&A in past 12 months|
|27||Growth strategy of leading players|
|28||Market share of vendors, 2020|
|30||Unmet needs and opportunity for new suppliers|