Hypersonic technology development in U.S. accelerating, study saysNews
June 08, 2021
SANTA CLARA, Calif. A recent study about hypersonic technology development within the United States by market analysis company Frost & Sullivan finds that the ownership of hypersonic missiles by U.S. adversaries is accelerating the nation's expansion efforts of advanced hypersonic defense weapons.
According to the study, since 2016, spending on hypersonic capability by the U.S. Department of Defense (DoD) has risen from $350 million to $3.8 billion in 2020. By 2025, it is estimated to drop to $2.82 billion, with the Air Force and Navy leading the way in investments, followed by the Army.
The study also outlines that these offensive and defensive hypersonic weapons and platforms are expected to transform the nation's tactical and strategic military operations due to their speed, accuracy, and maneuverability.
Officials claims that market participants should focus on acquisitions, mergers, partnerships, counter-hypersonics, detection and tracking, propulsion, and size, weight, and power optimization to tap into lucrative growth prospects.