Guidehouse Insights estimates that the market for supersonic and hypersonic commercial aircraft will grow significantly by 2035, with spending exceeding $17 billion.
Market drivers include reduced travel time at reduced costs, untapped and on-demand markets and the use of sustainable fuels
Boulder, Colo.And 26 May 2022 /PRNewswire/ — A new report from Guidehouse Insights provides an assessment of the global public and private markets for supersonic and hypersonic aircraft, market drivers, challenges and technical issues to 2035.
Supersonic passenger aircraft have not been in service since Concorde retired in 2003. Concorde’s technology was state-of-the-art during its service but is now considered obsolete due to the lack of efficiency, extremely loud engines, and the thunderous sonic boom that the aircraft created. Many companies and government agencies work together to solve these problems. According to a new report from Guidehouse Insights, the supersonic and hypersonic market is expected to grow exponentially by 2035, with expenses exceeding 17.3 billion dollars Annually for the development, testing and eventual delivery of these aircraft.
“Supersonic and hypersonic aircraft are poised to become a disruptive passenger technology by 2035,” Christian Albertson, a senior research analyst at Guidehouse Insights. “The technology for these supersonic and hypersonic aircraft has matured to the point where some are expected to be able to carry goods or passengers anywhere in the world in less than two hours. Engines are becoming more efficient and can be run with sustainable fuels, aircraft being formed. To reduce the sound of breaking the sound barrier to a strong blow.”
Factors driving the development of supersonic and hypersonic aircraft range from reductions in flight times and costs, the ability to service new routes, and the promise of these aircraft to use renewable fuels. With several countries and companies working on these new aircraft, some ready to fly in 2022, the market is set for rapid growth by 2035, according to the report.
the report, Ultrasound and hypersonic flight, analyzes the global public and private markets for supersonic and hypersonic aircraft in the three phases of the aircraft’s life: development, testing and operation. The study provides an analysis of market issues, including business cases, opportunities, and implementation challenges associated with these aircraft. The global market forecast for capacity and revenue segmented by life-cycle phases spans to 2035. An executive summary of the report is available for free download at the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our vision is built on an in-depth analysis of the global clean technology markets. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, combined with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About the guide
Guidehouse is a leading global provider of advisory services to the public sector and commercial markets, with broad capabilities in management, technology and risk advisory. By combining our public and private sector expertise, we help clients meet their most complex challenges and navigate significant organizational pressures focused on transformational change, business resilience, and technology-driven innovation. Across a range of consulting, advisory, outsourcing and digital services, we create innovative, scalable solutions that help our clients overcome complexities and position them for future growth and success. The company has more than 13,000 professionals in more than 50 locations around the world. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diversified expertise in the technologies, traditional and emerging markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information in this press release is regarding the report, Ultrasound and hypersonic flightAnd It is a summary and reflects Guidehouse Insights’ current forecast based on market data and trend analysis. Market expectations and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or report. Please refer to the full report for a full understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or report.
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SOURCE Guidehouse Insights