Growing military expenditure on missile technology and growing political tensions are some of the factors driving the sea skimmer missiles market globally.
August 20th, 2018: The sea skimmer missiles market is expected to register a CAGR of about 4% during 2018 - 2023, as per a new report published by Mordor Intelligence, LLP. The market is expected to grow mainly due to the growing demand for advanced missiles that can avoid radar and infrared detection.
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. 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 their approach. Sea Skimmer missiles usually fly below 50 meters over the sea surface. When under attack, a warship can detect sea-skimming missiles only once they appear over the horizon allowing about 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. 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 Raytheon is building into this go-to weapon. Two tests by the US Navy recently proved the missile can receive and respond to new orders while in flight. Raytheon also plans to add new seeker per missile. Other upgrades include the addition of sea-skimming flight path.
Recently, in June 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.
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Key Insights from the Report:
Mordor Intelligence, LLP has segmented the sea skimmer missiles market based on regional coverage.
Sea Skimmer Missiles Market by Launch Type
Sea Skimmer Missile Market by Geography
Middle East & Africa
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