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An anti-ship missile is a guided missile that is specifically designed for use against the large boats and ships. Most of the anti-ship missiles come in the sea skimming variety, while many users use a combination of active radar homing and inertial guidance. However, several anti-ship missiles use infrared homing to feel the heat emitted by the ship. Moreover, the anti-ship missiles can be guiding through radio commands. These can be classified into longer-range anti-ship missiles, ship-to-ship missiles, surface-to-surface missiles, and even anti-ship cruise missiles.
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The growth of the global market for anti-ship missile defense systems is driven by factors such as high demand for laser anti-ship missile defense systems, greater emphasis on maritime border security, and increase in research & defense investments. Moreover, upgradation and modernization programs for naval combat systems are expected to offer significant opportunities for the global anti-ship missile defense system market. However, factors such as the decline in the defense budget of some nations, delays, and cancellations of projects, along with various shortcomings arising out of conventional missile defense systems are likely to hamper the growth potential of the global anti-ship missile defense system market over the forecast timeframe.
The global anti-ship missile defense system market trends are as follows:
Defense capabilities of anti-ship missiles to boost the demand
Anti-ship missiles can be deployed for different purposes and can be launched from a variety of weapon systems such as submarines, surface warships, fighter planes, bombers, patrol planes, shore batteries, helicopters, and land vehicles. These can be even launched by infantrymen firing shoulder-launched missiles. In addition, rise in defense budgets and the prevailing threat of national security are proliferating the demand for the anti-ship missile defense system market.
Advancement in technology to foster the growth
The market is witnessing transitions from the conventional defense systems to the SBX-band radar. The development of optical device guided weapons and modernization of exiting warfare is augmenting the market growth, health considerations related to optical laser rangefinders might hamper the market growth. However, the market has introduced the safer optical device range finders along with the production of light-weight optical maser rangefinders. Moreover, constant technology innovations are working on reducing the hindrance caused by the usage of smoke screens, which, in turn, is anticipated to foster the growth of the global anti-ship missile defense systems market during the forecast period.
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Questions answered in the anti-ship missile defense system market research report:
Anti-ship Missile Defense System Market Report Highlights
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By Launch Platform |
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Key Market Players | General Atomics, Elbit Systems Ltd., General Dynamics, Israel Aerospace Industries Ltd., Rafael Advanced Defense Systems, BAE Systems, Thales Group, Saab Group, Lockheed Martin Corporation, Northrop Grumman Corporation |
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