Market Size of Sea Skimmer Missile Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.77 Billion |
| Market Size (2029) | USD 3.30 Billion |
| CAGR (2024 - 2029) | 3.59 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sea Skimmer Missile Market Analysis
The Sea Skimmer Missile Market size is estimated at USD 2.77 billion in 2024, and is expected to reach USD 3.30 billion by 2029, growing at a CAGR of 3.59% during the forecast period (2024-2029).
Low flying capabilities for avoiding radar detection, possessed by the sea skimmer missile, may lead to various countries acquiring sea skimmer missiles, which shall propel the growth of the market in the future. By flying low to the sea, missiles decrease the range at which the target ships can detect them by a significant amount. Flying at a lower altitude increases the amount of time the missile is under the horizon from the perspective of the target ship, making it harder to detect due to radar clutter from the sea and similar effects.
During the 2022 Russian Invasion of Ukraine, two Ukrainian-made R-360 Neptune sea-skimming cruise missiles were claimed to have struck and sank the Russian cruiser Moskva. Technological advancements, such as the usage of artificial intelligence in sea skimmer missiles, are expected to be an opportunity for the market.
Growing maritime tensions are also forcing several countries to develop and procure advanced sea skimmer missiles. However, the use of sea-skimming increases the risk of water impact with the missile before reaching the target. This factor is likely to restrain the market growth during the forecast period.
