Market Share of Supersonic and Hypersonic Weapons Industry
Raytheon Technologies Corporation, The Boeing Company, MBDA, Tactical Missiles Corporation, Lockheed Martin Corporation are some of the major players in the market. Joint ventures, like the Ariane Group (between Airbus SE and Safran SA), MBDA (between Airbus SE, Leonardo Company, and BAE Systems PLC) in the market, are predominant. There are also partnerships between companies that are aimed at developing technologies tailored to the specific requirements of the militaries. For instance, Raytheon Technologies and Kongsberg Gruppen AS partnered for co-producing a new Naval Strike Missile for the United States. In addition, another partnership, comprising of Raytheon Technologies and Northrop Grumman Corporation, is developing air-breathing hypersonic weapons for the US military. Research is also in progress for developing advanced technologies in hypersonic weapons, especially in hypersonic glide vehicles, but only a few companies have the technology at their disposal. Thus, players can target the countries, which are aiming to get equipped with these technologies, and thereby, grab new opportunities to gain a better market share.
Supersonic vs Hypersonic Weapons Market Leaders
-
MBDA
-
Tactical Missiles Corporation
-
The Boeing Company
-
Raytheon Technologies Corporation
-
Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
