Hypersonic technology market seen topping $13 billion by 2030

The Business Research Company says the global hypersonic technology market will surpass $13 billion by 2030, driven by defense spending, propulsion advances and demand for rapid-strike systems. North America, led by the U.S., is forecast to remain the largest regional market as missiles keep the biggest share.

Why it matters: - Hypersonic technology is moving from niche defense capability to a larger strategic market tied to missile development, aerospace testing and national security spending. - The market’s projected scale puts it at about 2% of the broader defense market and close to 1% of the wider aerospace and defense industry by 2030. - Demand for faster, more maneuverable strike systems is shaping procurement, R&D and testing priorities across defense agencies and contractors.

What happened: - The Business Research Company projected the hypersonic technology market will exceed $13 billion by 2030 and grow at a 9.5% CAGR. - The firm’s 2026 report covers market size, trends, forecasts, regions, segments, drivers and leading companies through 2035. - North America is forecast to lead the market with a value of $5.4 billion in 2030, up from $3.4 billion in 2025. - The United States is expected to be the largest national market at $4.7 billion in 2030, rising from $3.0 billion in 2025.

The details: - Hypersonic missiles, hypersonic glide vehicles and hypersonic spaceplanes are the three main product types. - Hypersonic missiles are expected to hold 53% of the market, or about $7 billion, by 2030. - Market components include engines, materials and structures, avionics and control systems, propulsion systems, and fuel and storage solutions. - Launch modes include air-launched, surface-launched and subsea-launched platforms. - End users span government and defense agencies, aerospace manufacturers, research institutions, commercial airlines and space agencies. - The market is supported by rising defense budgets, scramjet and propulsion advances, and higher demand for advanced strategic weapons. - The report says defense investment contributes about 2.5% annual growth, propulsion progress adds another 2.5%, and demand for strategic weapons adds roughly 2.3% annually. - Hypersonic missiles, glide vehicles and spaceplanes together are expected to generate more than $4.5 billion by 2030. - Between 2025 and 2030, hypersonic missiles and glide vehicles are each projected to add $2 billion, while spaceplanes are expected to add $0.5 billion. - Lockheed Martin Corporation was the top market player in 2025 with a 13% share. - Other named companies include Raytheon Technologies, Northrop Grumman, Boeing, BAE Systems, L3Harris, MBDA, Thales, Aerojet Rocketdyne, Leonardo, Leidos, Rafael Advanced Defense Systems, Kratos, Dynetics, DRDO, Rocket Lab, SpaceX, Hermeus, ArianeGroup, Destinus, Venus Aerospace, Hypersonix Launch Systems, Exquadrum, Spectral Energies and Specter Aerospace. - The top 10 companies accounted for 67% of total revenue in 2025. - Raw material suppliers listed in the report include Honeywell International, Carpenter Technology, ATI, Haynes International, Kennametal, Hexcel, Toray Industries, Solvay, Teijin, Materion, VSMPO-AVISMA, Alleima, Aperam, Precision Castparts, Arconic, CoorsTek, Saint-Gobain, Morgan Advanced Materials and Kymera International. - Distribution and wholesale companies listed include Wesco International, Arrow Electronics, Avnet, TTI, Future Electronics, RS Group, Mouser Electronics, DigiKey, Newark Electronics, Sager Electronics, Powell Electronics, Heilind Electronics, Rutronik Elektronische Bauelemente, Farnell Global, Master Electronics, Velocity Electronics, Smith & Associates, Fusion Worldwide and ASAP Semiconductor. - Principal end users named in the report include the U.S. Department of Defense, U.S. Air Force, Navy and Army, NASA, DRDO, Indian Air Force, Indian Space Research Organisation, UK Ministry of Defence, Royal Air Force, French and German Armed Forces, Japan Ministry of Defense, Japan Aerospace Exploration Agency, China’s People’s Liberation Army, China National Space Administration, Russian Aerospace Forces, Roscosmos and the Australian Department of Defence.

Between the lines: - The report points to a market concentrated among a small number of defense contractors, which reflects high R&D costs, technical complexity and procurement barriers. - Detonation-based propulsion is emerging as a competitive theme because it can improve speed, efficiency and mission performance. - Venus Aerospace introduced the VDR-2 Detonation Ramjet in June 2024, an engine designed for hypersonic aircraft capable of speeds above Mach 5. - The company says the engine uses efficient combustion, lightweight composite materials and air-breathing features to improve propulsion effectiveness and reduce fuel consumption. - Competitive strategies across the sector center on scramjet development, high-temperature composites, defense partnerships, artificial intelligence for guidance systems and flight testing.

What's next: - North America is expected to remain the largest regional market through 2030 as defense modernization and hypersonic testing continue. - The U.S. market is projected to keep expanding as federal funding, testing infrastructure and missile procurement rise. - Companies are likely to keep pushing propulsion upgrades and flight validation as the main path to commercialization and deployment. - The report’s 2026 edition adds market attractiveness scoring, TAM analysis, company scoring graphics, Excel dashboards and updated trend visuals.

The bottom line: - Hypersonic technology is becoming a bigger, more competitive defense market, with missiles leading demand and propulsion innovation shaping the next phase of growth. - The full report and sample request are available online.