Sea Skimmer Missile Market Size, Status, Global outlook 2019 To 2025

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The Sea Skimmer Missile Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2019-2025. The Sea Skimmer Missile Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). Report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Sea Skimmer Missile Market study provides comprehensive data which enhances the understanding, scope and application of this report.

Top Companies in the Global Sea Skimmer Missile Market
Raytheon, Boeing, Israel Aerospace Industries, Northrop Grumman, MBDA, Kongsberg Gruppen, BrahMos Aerospace.

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 below 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.

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Submarines and warships are an integral part of a nation’s naval fleet, and hence, it is essential to modernize and keep them upgraded. Many modernization programs are going on across the world for upgrading these vessels. Likewise, several nations have plans to procure new, advanced warships in the coming years. In September 2017, German Navy placed an order for new warships under a deal worth about USD 2 billion. The Navy will receive five new Braunschweig-class corvettes from a consortium of domestic shipyards. The new ships are set to be delivered to the German Navy by 2025. The corvettes weapons will include a 76mm main gun, surface-to-air and anti-ship missiles, and mines. The Russian Navy is modernizing six multi-purpose nuclear-powered submarines. The six boats include project 949A SSGN Oscar II-class, project 667 SSBN Delta III-class, and project 971 SSN Akula-class nuclear-powered submarines. All nuclear-powered submarines will be equipped with new weapon systems, including new missiles. The goal is to extend their service life by 20 years and to upgrade the boats to the technological level of Russias most modern nuclear-powered undersea vessels. All these modernization programs across the globe are expected to drive the market for sea skimmer missiles during the forecast period.

Sea Skimmer Missile Market Recent Developments:
Jun 2018: The US Navy selected the Norwegian Naval Strike Missile as its new anti-ship missile for the littoral combat ship and will also service the future frigate. The initial contract was listed at about USD 14.86 million but it could grow to as much as USD 848 million over the life of the contract. By 2023, the US Navy intends to procure a total of 64 Naval Strike Missiles. A Littoral Combat Ships (LCS) will be capable of carrying up to eight NSMs in deck-mounted canisters.
Sep 2014: The U.S. Navy conducted a successful demonstration of NSM on the LCS USS Coronado as part of the Foreign Cooperative Test Program. The Naval Strike Missile first became operational in 2012 and is deployed today with the Royal Norwegian Navy on Nansen class frigates and Skjold class corvette.

The Sea Skimmer Missile market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.

This report segments the global Sea Skimmer Missile Market on the basis of Types are
Surface-to-Surface, Air-to-Surface

On The basis Of Application, the Global Sea Skimmer Missile Market is Segmented into
Defense, Homeland Security

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Regions Are covered By Sea Skimmer Missile Market Report 2019 To 2025.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).

The sea skimmer missile market is dominated by North America with the United States as its major market. The US Department of Defense has poured millions of dollars into developing and improving naval combat systems owing to the growing tensions with North Korea, Russia, and China. The Naval Strike Missile (NSM), a fifth-generation cruise missile (features super-sea-skimming capability) in service today, was developed by Raytheon and Norways Kongsberg. The missile can fly at low altitudes close to the ocean surface and emit signals that are difficult to detect by enemy radars. The NSM has a range of more than 100 nautical miles and flies at high-subsonic speed. It can perform evasive maneuvers designed to counter the sophisticated defense systems in the world. Earlier, in 2014, the U.S. Navy conducted a successful demonstration of NSM on the LCS USS Coronado, as part of the Foreign Cooperative Test Program. The Naval Strike Missile first became operational in 2012 and is deployed today with the Royal Norwegian Navy on Nansen class frigates and Skjold class corvette. The United States has relied on its sea-skimming Boeing Harpoon Block 1C missile since its introduction in the mid-1980s with an unclassified range of 67 nm.

Significant Features that are under Offering and Key Highlights of the Reports

-Detailed overview of Sea Skimmer Missile Market
-Changing Sea Skimmer Missile market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Sea Skimmer Missile market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Sea Skimmer Missile Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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