Sea Skimmer Missile Market Scope
Sea skimmer missile is designed to transit at less than 50 feet (or 15 meters) above the surface of the sea, to avoid radar, infrared detection during the attack. It is also used to keep the lower probability of being shot down during their approach to the target. The success of sea-skimming missiles depends on their exact implementation, the infrared and radar signature of the missile, and the detection equipment’s sophistication.
The Sea Skimmer Missile market study is segmented by Type (Surface-to-Surface and Air-to-Surface), by Application (Defense and Homeland Security) and major geographies with country level break-up.
The Sea Skimmer market is highly consolidated as few players are operating in this segment. Also, they are continuously innovating the technology and material to compete in the global market. Moreover, partnership and collaboration with the government and military, contact acquisition, product customization are some of the strategies adopted by the major players.
Raytheon Company (United States), MBDA (France), The Boeing Company (United States), Kongsberg Gruppen AS (Norway), BrahMos Aerospace (India), Israel Aerospace Industries Ltd. (Israel), Northrop Grumman Corporation (United States) and Saab AB (Sweden) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Sea Skimmer Missile market by Type, Application and Region.
On the basis of geography, the market of Sea Skimmer Missile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2018, Saab AB, a Swedish defense contracting company has acquired orders from the German company, Diehl Defence, for delivering its RBS15 Mk3 anti-ship missile system for the five new K130 corvettes.
In 2018, MBDA reported the success of its anti-ship missile, Sea Venom, which is being developed by Anglo-French funding. The Sea Venom is a sea-skimming missile, which can fly for about 20 km, at high subsonic speed. It has an imaging infrared seeker that provides “fire-and-forget” capability.
Market Drivers
- Acquisition of Sea Skimmer Missile by Various Countries Owing to Low Flying Capabilities for Avoiding Radar Detection
- Growing Maritime Tensions across the Globe
Opportunities
- Technological Advancements, Such As Artificial Intelligence Usage in Sea Skimmer Missiles and Materials
- New Generation of Stealthy, Highly Supersonic and Autonomous Missiles
Restraints
- Limited Defense Budget of Some Country
Challenges
- Multipath Challenges
- Increased Probability of Water Impact
Key Target Audience
Sea Skimmer Missile Manufacturers, Components and Parts Suppliers, Government and Defense Agencies, Potential Investors, End-Use Industry and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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