Global Sea Skimmer Missile Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Launch Type;

Surface-to-Surface Missiles and Air-to-Surface Missiles.

By Application;

Homeland Security and Defense.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn212139195 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Sea Skimmer Missile Market (USD Million), 2020 - 2030

In the year 2023, the Global Sea Skimmer Missile Market was valued at USD 1,625.27 million. The size of this market is expected to increase to USD 2,559.03 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The global sea skimmer missile market has witnessed substantial growth in recent years, driven by increasing maritime security concerns and the modernization efforts of navies worldwide. Sea skimmer missiles, designed to fly at extremely low altitudes over the sea surface, pose a significant threat to naval vessels, making them a crucial component of anti-ship warfare strategies. As geopolitical tensions continue to rise and maritime trade routes remain vital for global commerce, the demand for advanced sea skimmer missiles equipped with advanced guidance systems and enhanced lethality is expected to surge.

Key players in the global sea skimmer missile market are continually investing in research and development to enhance the range, speed, and accuracy of their missile systems, thereby maintaining their competitive edge. Advancements in propulsion technologies, such as solid-fuel rocket motors and ramjet engines, have enabled manufacturers to develop sea skimmer missiles capable of achieving higher speeds and maneuverability, making them more challenging targets for anti-missile defense systems. Moreover, integration of sophisticated radar and sensor technologies allows these missiles to autonomously detect and engage targets with greater precision, further augmenting their effectiveness in maritime operations.

Furthermore, the proliferation of sea skimmer missiles among both state and non-state actors has led to an increased focus on countermeasures and defensive systems by naval forces worldwide. Efforts to develop and deploy robust anti-missile defense systems, including shipborne interceptors and electronic warfare capabilities, are underway to mitigate the threat posed by sea skimmer missiles. However, the evolving nature of missile technology presents an ongoing challenge for defense planners, necessitating continuous innovation and collaboration among governments, defense contractors, and research institutions to stay ahead of emerging threats in the dynamic maritime environment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Launch Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Sea Skimmer Missile Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Maritime Security Concerns
        2. Naval Modernization Programs
        3. Technological Advancements
      2. Restraints
        1. Budgetary Constraints
        2. Countermeasures Development
        3. Geopolitical Uncertainty
      3. Opportunities
        1. Emerging Markets
        2. Technological Innovation
        3. Collaborative Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Global Sea Skimmer Missile Market, By Launch Type, 2020 - 2030 (USD Million)
      1. Surface-to-Surface Missiles
      2. Air-to-Surface Missiles
    2. Global Sea Skimmer Missile Market, By Application, 2020 - 2030 (USD Million)
      1. Homeland Security
      2. Defense
    3. Global Sea Skimmer Missile Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. MBDA
      2. Raytheon Company
      3. The Boeing Company
      4. Kongsberg Gruppen AS
      5. BrahMos Aerospace
      6. Israel Aerospace Industries Ltd.
      7. DRDO
      8. Northrop Grumman Corporation
      9. Saab AB
  7. Analyst Views
  8. Future Outlook of the Market