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Sea Skimmer Missile Market Size (2024 - 2029)

The Sea Skimmer Missile Market is projected to experience growth due to the missile's low flying capabilities, which enhance its ability to avoid radar detection, thereby attracting acquisition by various countries. This feature significantly reduces the detection range for target ships, contributing to the market's expansion. Technological advancements, including the integration of artificial intelligence, present further opportunities for market development. However, increasing maritime tensions and the need for advanced missile systems are driving procurement, while the risk of water impact poses a potential challenge to market growth.

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Market Size of Sea Skimmer Missile Industry

Sea Skimmer Missile Market Summary
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
Market Concentration Medium

Major Players

Sea Skimmer Missile Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Sea Skimmer Missile Industry Segmentation

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 an attack. The sea skimmer missiles usually fly below 50 m above the sea surface. During an attack, a warship can detect sea-skimming missiles only once they appear over the horizon, allowing just 25 to 60 seconds of warning.

The sea skimmer missile market is segmented by launch type and geography. By launch type, the market is segmented into surface-to-surface missiles and air-to-surface missiles. The report also covers the sizes and forecasts for the market in major countries across different regions. For each segment, the market sizing and forecasts are provided in value (USD).

Launch Type
Surface-to-Surface Missiles
Air-to-Surface Missiles
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Sea Skimmer Missile Market Size Summary

The sea skimmer missile market is poised for growth, driven by the increasing demand for advanced missile systems that can evade radar detection through low-flying capabilities. This strategic advantage is prompting countries to enhance their military arsenals with sea skimmer missiles, thereby fueling market expansion. The market is witnessing technological advancements, including the integration of artificial intelligence, which presents new opportunities for growth. However, the inherent risk of water impact during low-altitude flight poses a challenge to market proliferation. The surface-to-surface missile segment is expected to dominate, supported by significant investments in military modernization and the development of next-generation weapon systems.

North America is anticipated to lead the market growth, with the United States investing heavily in naval combat systems amid rising maritime tensions. The U.S. Department of Defense's substantial budget allocations and the development of advanced missiles like the AG-84 Harpoon and AGM-158C LRASM are set to bolster market prospects. The market remains semi-consolidated, with key players such as MBDA, Saab AB, and Northrop Grumman Corporation actively engaging in partnerships and product innovations to strengthen their market presence. Ongoing developments, including the successful deployment of sea-skimming missiles by various countries, are expected to further drive market growth in the coming years.

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Sea Skimmer Missile Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Launch Type

      1. 2.1.1 Surface-to-Surface Missiles

      2. 2.1.2 Air-to-Surface Missiles

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 United Kingdom

        2. 2.2.2.2 France

        3. 2.2.2.3 Germany

        4. 2.2.2.4 Russia

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Latin America

        1. 2.2.3.1 Mexico

        2. 2.2.3.2 Brazil

        3. 2.2.3.3 Rest of Latin America

      4. 2.2.4 Asia-Pacific

        1. 2.2.4.1 China

        2. 2.2.4.2 Japan

        3. 2.2.4.3 India

        4. 2.2.4.4 South Korea

        5. 2.2.4.5 Rest of Asia-Pacific

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 United Arab Emirates

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Rest of Middle-East and Africa

Sea Skimmer Missile Market Size FAQs

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.

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

Sea Skimmer Missile Market Report Snapshots

Sea Skimmer Missile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)