PUBLISHER: Allied Market Research | PRODUCT CODE: 1641787
PUBLISHER: Allied Market Research | PRODUCT CODE: 1641787
Supersonic Jets Market By Speed (Above Mach 1, Above Mach 2), By Platform (Military, Commercial), By System (Engine, Avionics, Airframe, Landing Gear System, Weapon System, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033
The global supersonic jets market was valued at $27.1 billion in 2023, and is projected to reach $45.5 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
Supersonic jets are advanced aircraft designed to travel faster than the speed of sound, typically exceeding Mach 1 (about 767 miles per hour at sea level). These planes are engineered for high-speed travel, significantly reducing flight times as compared to traditional subsonic aircraft. They utilize specialized aerodynamics and propulsion systems to manage the challenges of supersonic flight, such as high drag and sonic booms, making them a revolutionary option for faster long-distance travel.
The market for supersonic jets is experiencing a significant growth, driven by rise in demand for faster travel among affluent individuals and business travellers. Furthermore, the development of new infrastructure, such as dedicated supersonic corridors and noise mitigation technologies, is facilitating the integration of these aircraft into the existing air travel network.
In addition, rise in partnerships between aerospace companies, airlines, and technology firms, aimed at overcoming technical and regulatory hurdles. As these collaborations succeed, the commercial availability of supersonic jets is expected to grow, making them a viable option not just for elite travellers but potentially for broader markets as costs decrease over time. The ongoing innovation in this sector is expected to create a lucrative growth opportunity for supersonic jets, with potential applications extending beyond passenger flights to include rapid cargo transport and military uses.
Rising interest of consumers in supersonic travel is also driven by the evolving needs of global commerce, where time efficiency is paramount. As businesses expand their reach across continents, the ability to reduce travel time by half or more offers a distinct competitive advantage. Modern supersonic aircraft are being designed with advanced noise reduction technologies, making them more acceptable for overland flights.
In addition, these aircraft are increasingly incorporating sustainable materials and alternative fuels, aligning with the growing emphasis on reducing the aviation industry's carbon footprint. As regulations around environmental impact tighten, these innovations ensure that supersonic planes not only meet but exceed global standards, further driving their adoption in the supersonic jets market. Rise in demand for both passenger and cargo services is leading to a higher utilization of aircraft fleets, which in turn requires more regular maintenance, repair, and overhaul (MRO) operations. The expansion of the middle-class population in emerging markets such as China, India, and Brazil have significantly broadened the number of air travellers.
Moreover, rapid urbanization is driving more individuals to relocate to urban areas in search of improved opportunities and living standards, further boosting the need for air travel. Urbanization directly boosts the demand for commercial supersonic jets, as they can cater to the growing population of urban professionals, who prioritize speed and convenience in their travel choices. This aligns with the broader trend of innovation in air travel, which seeks to meet the needs of a fast-paced, globally connected economy.
Companies are investing in the development of next-generation supersonic jets that are quieter, more fuel-efficient, and environmentally friendly, addressing past challenges such as noise pollution and high operating costs. With advancements in technology and a growing emphasis on sustainable aviation, fuelling the supersonic jets market growth.
The key players operating in the supersonic jets market include Boom Supersonic, Exosonic, BAE Systems, Dassault SA, Lockhead Martin Corporation, Saab AB, Spike Aerospace, Hermeus, and Virgin Galactic.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the supersonic jets market analysis from 2023 to 2033 to identify the prevailing supersonic jets market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the supersonic jets market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global supersonic jets market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- SWOT Analysis
Key Market Segments
By Speed
- Above Mach 2
- Above Mach 1
By Platform
- Military
- Commercial
By System
- Engine
- Avionics
- Airframe
- Landing Gear System
- Weapon System
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- BAE Systems
- Boom Supersonic
- Dassault Aviation
- Exosonic, Inc.
- HERMEUS CORP.
- Lockheed Martin Corporation
- SAAB
- Spike Aerospace, Inc.
- Virgin Galactic Holdings, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. Moderate to high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rising Need for Reduced in-Time to Drive the Market
- 3.4.1.2. Surge in Need for Replacement Aging Military Fleets
- 3.4.2. Restraints
- 3.4.2.1. Stringent Rules and Regulations Related to Supersonic Flight Testing
- 3.4.3. Opportunities
- 3.4.3.1. Increasing Arm Races among Economies
- 3.4.1. Drivers
CHAPTER 4: SUPERSONIC JETS MARKET, BY SPEED
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Above Mach 1
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Above Mach 2
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: SUPERSONIC JETS MARKET, BY PLATFORM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Military
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Commercial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: SUPERSONIC JETS MARKET, BY SYSTEM
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Engine
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Avionics
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Airframe
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Landing Gear System
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Weapon System
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: SUPERSONIC JETS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Speed
- 7.2.3. Market size and forecast, by Platform
- 7.2.4. Market size and forecast, by System
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Speed
- 7.2.5.1.2. Market size and forecast, by Platform
- 7.2.5.1.3. Market size and forecast, by System
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Speed
- 7.2.5.2.2. Market size and forecast, by Platform
- 7.2.5.2.3. Market size and forecast, by System
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Speed
- 7.2.5.3.2. Market size and forecast, by Platform
- 7.2.5.3.3. Market size and forecast, by System
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Speed
- 7.3.3. Market size and forecast, by Platform
- 7.3.4. Market size and forecast, by System
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Speed
- 7.3.5.1.2. Market size and forecast, by Platform
- 7.3.5.1.3. Market size and forecast, by System
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Speed
- 7.3.5.2.2. Market size and forecast, by Platform
- 7.3.5.2.3. Market size and forecast, by System
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Speed
- 7.3.5.3.2. Market size and forecast, by Platform
- 7.3.5.3.3. Market size and forecast, by System
- 7.3.5.4. Russia
- 7.3.5.4.1. Market size and forecast, by Speed
- 7.3.5.4.2. Market size and forecast, by Platform
- 7.3.5.4.3. Market size and forecast, by System
- 7.3.5.5. Italy
- 7.3.5.5.1. Market size and forecast, by Speed
- 7.3.5.5.2. Market size and forecast, by Platform
- 7.3.5.5.3. Market size and forecast, by System
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Speed
- 7.3.5.6.2. Market size and forecast, by Platform
- 7.3.5.6.3. Market size and forecast, by System
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Speed
- 7.4.3. Market size and forecast, by Platform
- 7.4.4. Market size and forecast, by System
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Speed
- 7.4.5.1.2. Market size and forecast, by Platform
- 7.4.5.1.3. Market size and forecast, by System
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Speed
- 7.4.5.2.2. Market size and forecast, by Platform
- 7.4.5.2.3. Market size and forecast, by System
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Speed
- 7.4.5.3.2. Market size and forecast, by Platform
- 7.4.5.3.3. Market size and forecast, by System
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Speed
- 7.4.5.4.2. Market size and forecast, by Platform
- 7.4.5.4.3. Market size and forecast, by System
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Speed
- 7.4.5.5.2. Market size and forecast, by Platform
- 7.4.5.5.3. Market size and forecast, by System
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Speed
- 7.5.3. Market size and forecast, by Platform
- 7.5.4. Market size and forecast, by System
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Speed
- 7.5.5.1.2. Market size and forecast, by Platform
- 7.5.5.1.3. Market size and forecast, by System
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Speed
- 7.5.5.2.2. Market size and forecast, by Platform
- 7.5.5.2.3. Market size and forecast, by System
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Speed
- 7.5.5.3.2. Market size and forecast, by Platform
- 7.5.5.3.3. Market size and forecast, by System
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
CHAPTER 9: COMPANY PROFILES
- 9.1. Boom Supersonic
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
- 9.2. Exosonic, Inc.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. BAE Systems
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Dassault Aviation
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Lockheed Martin Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. SAAB
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Spike Aerospace, Inc.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. HERMEUS CORP.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Virgin Galactic Holdings, Inc.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
