Thursday 9 May 2019, Amsterdam
Market Forecast Group announced the release of their latest report titled “Global Supersonic and Hypersonic Weapons - Market and Technology Forecast to 2027". It encloses an in-depth research of the Supersonic & Hypersonic Weapon market and the competitive landscape globally. A first of its kind report highlights enormous potential of technologies like stand off cruise missile, automatic target recognition and directed energy weapons. The report sheds light on all the major technology sectors that is going to dominate the Supersonic & Hypersonic Weapon industry for the next decade.The Global Supersonic & Hypersonic Weapon industry is emerging as one of the most lucrative market globally. The Global Supersonic & Hypersonic Weapon industry, is valued at US$ 11 billion in 2019, is projected grow at a CAGR of 6.3% by 2027. Demand for these weapons is anticipated to be driven by the massive investment made by countries like US, China and the European Union in the development of next generation smart weapon technologies and the large-scale procurement of such systems by countries like Saudi Arabia, India, Qatar and China. The United States is the largest spender in the domain with China, European Union, Middle East anticipated accounting for the bulk of spending.