Global Sea Skimmer Missiles Market Revenue 2019 | Remarkable Growth Factors with Industry Size & Share, New Innovations of Leading Players & Forecast till 2024

(The Express Wire via Comtex)

Sea Skimmer Missiles Market analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.

The “Sea Skimmer Missiles Market” report 2019 delivers detailed profiles of key players with latest investigation and highlights the rising opportunities and difficulties looked by Sea Skimmer Missiles market. The report examines the market status depending upon its CAGR, latest trends, market dynamics, growth rate, opportunities and forecast details. Sea Skimmer Missiles market research study is significant for manufacturers in the Sea Skimmer Missiles market, including industry stakeholders, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the Sea Skimmer Missiles market.

Sea Skimmer Missiles Market Report Covers the Manufacturers:

  • MBDA
  • Raytheon Company
  • The Boeing Company
  • Kongsberg Gruppen AS
  • BrahMos Aerospace
  • Israel Aerospace Industries Ltd.
  • Defence Research and Development Organisation
  • Northrop Grumman Corporation
  • Saab AB

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Market Overview:

  • The sea skimmer missiles market is estimated to grow at a CAGR of over 4% during the forecast period 2019-2024.
  • - Low flying capabilities for avoiding radar detection possessed by the sea skimmer missile shall lead to various countries acquiring the sea skimmer missiles and this shall propel the growth of the market in the near future.
  • - Technological advancement such as the usage of artificial intelligence in sea skimmer missiles shall be an opportunity for the market.
  • - Growing maritime tensions are also forcing several countries to develop and procure advanced sea skimmer missi

Scope of the Report:

  • Sea Skimming is a technique incorporated by most of the anti-ship missiles. The technique is primarily used to avoid radar and infrared detection during an attack. The Sea Skimmer missiles usually fly below 50 meters above the sea surface. During an attack, a warship can detect sea-skimming missiles only once they appear over the horizon allowing just 25 to 60 seconds of warning. The success of sea-skimming missiles depends on its exact implementation, the infrared and radar signature of the missile, and the sophistication of the detection equipment. Sea skimming can also increase the range of a missile due to ground effects. The report also covers the analysis of different launch missiles namely, Surface-To-Surface Missiles and Air-To-Surface Missiles.

Reasons for Buying Sea Skimmer Missiles Market Report:

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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Sea Skimmer Missiles Market Report Provides Comprehensive Analysis of:

  • Functional market industry outline
  • Up and downstream industry examination
  • Channels and propositions believability
  • Market challenge by key players
  • Enhancement suggestions examination

Key Market Trends:

Surface-To-Surface Missiles Segment are Projected to Grow at the Highest Pace

Currently, surface-to-surface missiles segment has the highest share of all the segments. There have been several developments in terms of surface-to-surface missiles. The RBS15 Mk3 missile manufactured by Saab AB is the latest generation, long range, Surface-to-Surface Missile (SSM) system. The system can be used as the main anti surface armament for any type of naval vessel. The RBS15 Mk3 has also been designed to operate in the naval scenario, from anti-ship engagement as well as land attack missions. Additionally, the missile has a range of 200 km and can be launched from ships, trucks, and aircraft. The missile also comes with high-precision GPS which helps for superior navigation. The missile system is in huge demand worldwide. In 2018, Saab AB, a Swedish defense contracting company announced that they have acquired orders from the German company Diehl Defence for delivering their RBS15 Mk3 anti-ship missile system for the five new K130 corvettes. According to Saab AB, the order is worth USD 18.1 million. Deliveries for the missile system shall take place between 2019 - 2024. Thus, upcoming developments shall increase the focus on this segment, and this shall be the reason for its expected high CAGR.

North America is Expected to Witness the Highest Growth During the Forecast Period

In the sea skimmer missiles market, North America shall experience the highest growth. The Department of Defense of the United States are now focused on developing and improving their naval combat systems owing to the growing maritime tensions. The United States has also developed various formidable missiles for sinking warships, the deadliest among them is the AG-84 Harpoon missile. These missiles fly with supersonic speed for about 150 miles using precision-guidance systems to skim over land or water, thus, making their detection harder. Additionally, the missiles can fly in unpredictable patterns upon being spotted thus making it harder to shoot them down. Thus, various ongoing developments in terms of sea skimmer missiles shall lead to its growth in North America in the near future.

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Detailed TOC of Sea Skimmer Missiles Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Launch Type
5.1.1 Surface-To-Surface Missiles
5.1.2 Air-To-Surface Missiles
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Latin America
5.2.2.1 Mexico
5.2.2.2 Brazil
5.2.2.3 Rest of Latin America
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Europe
5.2.4.1 United Kingdom
5.2.4.2 Germany
5.2.4.3 France
5.2.4.4 Rest of Europe
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 South Africa
5.2.5.4 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Company Profiles
6.3.1 MBDA
6.3.2 Raytheon Company
6.3.3 The Boeing Company
6.3.4 Kongsberg Gruppen AS
6.3.5 BrahMos Aerospace
6.3.6 Israel Aerospace Industries Ltd.
6.3.7 Defence Research and Development Organisation
6.3.8 Northrop Grumman Corporation
6.3.9 Saab AB

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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