In 2020, the global revenue of the hypersonic technology market amounted to approximately 5.4 billion U.S. dollars. During that year, the United States market accounted for around 52.7 percent of the global hypersonic technology market, followed by China with almost 19.2 percent.
Hypersonic technology can help vehicles travel faster than five times the speed of sound (Mach 5). Nowadays, this technology is being mainly developed for aerospace and military purposes, for example, as a carrier vehicle for long-range cruise missiles, but it can have numerous civilian applications.
Global revenue of the hypersonic technology market in 2020, by country
(in million U.S. dollars)
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BIS Research. (October 13, 2021). Global revenue of the hypersonic technology market in 2020, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/
BIS Research. "Global revenue of the hypersonic technology market in 2020, by country (in million U.S. dollars)." Chart. October 13, 2021. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/
BIS Research. (2021). Global revenue of the hypersonic technology market in 2020, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/
BIS Research. "Global Revenue of The Hypersonic Technology Market in 2020, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 13 Oct 2021, https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/
BIS Research, Global revenue of the hypersonic technology market in 2020, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/ (last visited November 19, 2024)
Global revenue of the hypersonic technology market in 2020, by country (in million U.S. dollars) [Graph], BIS Research, October 13, 2021. [Online]. Available: https://www.statista.com/statistics/1270161/hypersonic-technology-market-size-global-by-country/
