How big is the Sea Skimmer Missile Market?

The Sea Skimmer Missile Market size is expected to reach USD 2.77 billion in 2024 and grow at a CAGR of 3.59% to reach USD 3.30 billion by 2029. Read More

What is the current Sea Skimmer Missile Market size?

In 2024, the Sea Skimmer Missile Market size is expected to reach USD 2.77 billion. Read More

Who are the key players in Sea Skimmer Missile Market?

MBDA, Saab AB, IAI, RTX Corporation and Northrop Grumman Corporation are the major companies operating in the Sea Skimmer Missile Market. Read More

Which is the fastest growing region in Sea Skimmer Missile Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sea Skimmer Missile Market?

In 2024, the North America accounts for the largest market share in Sea Skimmer Missile Market. Read More

What years does this Sea Skimmer Missile Market cover, and what was the market size in 2023?

In 2023, the Sea Skimmer Missile Market size was estimated at USD 2.67 billion. The report covers the Sea Skimmer Missile Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sea Skimmer Missile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Sea Skimmer Missile Market Share

Statistics for the 2023 & 2024 Sea Skimmer Missile market share, created by Mordor Intelligence™ Industry Reports. Sea Skimmer Missile share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Sea Skimmer Missile Industry

The sea skimmer missile market will remain to be semi-consolidated. Companies such as MBDA, Saab AB, Israel Aerospace Industries (IAI), Northrop Grumman Corporation, and RTX Corporation are the major market players holding significant market share.

Various initiatives, such as investments in missile technology, partnerships, as well as product innovations, are being done by companies to strengthen their presence in the market. In June 2021, Rafael Advanced Defense Systems unveiled the Sea Breaker, a 5th generation long-range, autonomous, precision-guided missile system meant to hit high-value maritime and land targets. The missile's mission profile enables sea-skimming and terrain-following low-level flight above ground.

MBDA reported the success of its anti-ship missile, Sea Venom, which is being developed by Anglo-French funding. The Sea Venom is a sea-skimming missile that can fly for about 20 km at high subsonic speed.