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Allied Market Research

Sea Skimmer Market by Type (Surface-to-Surface Missiles and Air-to-Surface Missiles) and Application (Defense and Homeland Security): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 416 Views
   
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Sea Skimmer Market Outlook – 2027

Sea skimmers are the missiles that are incorporated in the systems with a motive to deceive identification via radiations. Sea skimming is the technique used by anti-ship missiles to avoid detection via radar or infrared during an attack. In addition to this, the sea skimmer missile usually flies at a level 50 meters below the sea surface. Moreover, growing maritime tensions are also forcing several countries to develop and procure advanced sea skimmer missiles. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered  

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type and Application

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Israel Aerospace Industries Ltd., Kongsberg Gruppen AS, BrahMos Aerospace, Northrop Grumman Corporation, The Boeing Company, MBDA, Defence Research and Development Organisation, Orbital ATK Inc., Saab AB, and Raytheon Company

 

COVID-19 scenario analysis: 

  • Sea skimmer production is expected to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for companies due to the ongoing pandemic, which is expected to result in major losses throughout the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the sea skimmer companies due to the lockdown.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Sea skimmer missiles possess the capabilities to avoid radar detection. This increases its adoption among various countries, thereby propelling the growth of the market. In addition, surge in demand from the military segment is expected to propel the growth of the global market. Furthermore, technological enhancements lead to the incorporation of modified mechanisms to improve equipment performance, allowing ample opportunities for the market players. 

The global sea skimmer market trends are as follows:

Surge in product demand from the military segment

During an assault, a warship can distinguish ocean skimming rockets once they show up into the great beyond, permitting only 25 to 60 seconds of caution. The accomplishment of ocean skimming rocket relies upon its precise usage, the infrared and radar mark of the rocket, and the advancement of the discovery hardware. Ocean skimming can likewise build the scope of a rocket due to ground impacts. The report covers the investigation of various dispatch rockets such as surface-to-surface rockets and air-to-surface rockets.

Technological advancements to boost the market growth 

Low flying abilities for maintaining a strategic distance from radar recognition, controlled by the ocean skimmer rocket may prompt different nations to get ocean skimmer rockets. This is expected to impel the development of the market. Technological progressions, for example, the utilization of artificial intelligence in sea skimmer missiles, are relied upon to be an open door for the market. Growing sea strains also compel a few nations to create and secure progressed ocean skimmer rockets.

Moreover, the surface-to-surface missiles segment is expected to generate significant demand during the forecast period. There have been several developments in terms of surface-to-surface missiles. Additionally, the missile has a range of 200 km and can be launched from ships, trucks, and aircraft. The missile also comes with a high-precision Global Positioning System (GPS), which helps for superior navigation. The missile system is in huge demand worldwide, which boosts the demand for safer and secure missiles, thereby the growth of the global sea skimmer market. 

Key segments covered:

Segments

Sub-segments

  Type

  • Surface-to-Surface Missiles
  • Air-to-Surface Missiles

  Application

  • Defense
  • Homeland Security

 

Key benefits of the report:

  • This study presents the analytical depiction of the global sea skimmer market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global sea skimmer market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sea skimmer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global sea skimmer market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the sea skimmer market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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