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Global Sea Skimmer Missile Market Ð Segmented By, Launch Type (Surface-To-Surface, Air-To-Surface) And Geography Ð Growth, Trends And, Forecast (2018 Ð 2023)

Published on: Aug 2018 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 107

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.

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.

Missiles enhance the combat capabilities of naval vessels. Several nations are investing towards the procurement and development of new advanced anti-ship missiles for their naval forces. In January 2018, the US Navy launched two Raytheon-built Tomahawk Block IV missiles from the Vertical Launch System of USS Pinckney (DDG 91) off the coast of California in back-to-back flight tests. The ability to alter a Tomahawk missile's mission in real-time is one of the many enhancements, which Raytheon is building into this go-to weapon. Twotests by theUS Navy recently proved that the missile can receive and respond to new orders while in flight. Raytheon also plans to add new seeker per missile and other upgrades include the addition of sea-skimming flight path.

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. The United States is anticipated to incorporate new sea skimmer missiles with its new frigates to enhance its naval combat capabilities in the coming years.

BrahMos, the supersonic missile developed by India, has an identical configuration for land, sea, and sub-sea platforms. The missile is capable of sea-skimming, as low as 3-4 meters. Recently in July 2018, Indian defense firm Larsen & Toubro inaugurated a new production line for BrahMos transport launch canisters (TLC) in Vadodara, India. The new facility will manufacture airframes and TLCs for the land- and sea-launched variants of the supersonic BrahMos cruise missile.

Sea Skimmer Missile Market Major Players:

MBDA, Raytheon Company, Boeing, Orbital ATK Inc., and BrahMos Aerospace among others.

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.

Reasons to Purchase Sea Skimmer Missile MarketReport:

1. To study the current and future of the market in the developed and emerging markets
2. Analyzing various perspectives of the market with the help of Porters five forces analysis
3. Detailed analysis of the segment that is expected to dominate the market
4. Regions that are expected to witness the fastest growth during the forecast period
5. Identifying the latest developments, market shares, and strategies employed by the major market players
6. 3-months analyst support, along with the Market estimate sheet (in Excel)

Sea Skimmer Missile Market Report Customization and Benefits:

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1. Introduction
1.1 Scope of the Study
1.2 Market Definition
1.3 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insight
3.1 Current Market Scenario
3.2 Market Trends
3.3 Industry Attractiveness - Porter's Five Forces Analysis
3.3.1 Bargaining Power of the Suppliers
3.3.2 Bargaining Power of the Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the Industry
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Sea Skimmer Missile Market, Segmented By Launch Type
5.1 Surface-To-Surface
5.2 Air-To-Surface
6. Global Market Analysis
6.1 North America
6.1.1 US
6.1.2 Canada
6.1.3 Rest of North America
6.2 Europe
6.2.1 UK
6.2.2 Germany
6.2.3 Russia
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Rest of South America
6.5 Middle East & Africa
6.5.1 United Arab Emirates
6.5.2 Saudi Arabia
6.5.3 South Africa
6.5.4 Israel
6.5.5 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
8. Company Profiles
8.1 MBDA
8.2 Raytheon Company
8.3 Boeing
8.4 Orbital ATK Inc.
8.5 Kongsberg Gruppen
8.6 BrahMos Aerospace
8.7 Israel Aerospace Industries
8.8 Defence Research & Development Organization

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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