Sea Skimmer Missile Market to Grow by USD 922.56 million | Demand for Lightweight Materials to Drive Global Aerospace and Defense Market | Technavio
NEW YORK, Feb. 25, 2022 /PRNewswire/ -- The sea skimmer missile market is expected to grow by USD 922.56 mn between 2021 and 2026. The growth momentum of the market will accelerate at a CAGR of 4.53%, according to Technavio's estimates.
The global aerospace and defense market is the parent market of the global sea skimmer missile market as a part of. This report extensively covers external factors that are influencing the parent market growth potential in the coming years to determine the levels of growth of the sea skimmer missile market during the forecast period.
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The global aerospace and defense market is driven by factors such as demand for lightweight materials, robust growth in aircraft production, and growing preferences for fuel-efficient aircraft.
Sea Skimmer Missile Market 2022-2026: Scope
The report also covers the following areas:
- Sea Skimmer Missile Market size
- Sea Skimmer Missile Market trends
- Sea Skimmer Missile Market industry analysis
Sea Skimmer Missile Market 2022-2026: Segmentation
By application, the sea skimmer missile market has been segmented into defense and military and homeland security. The defense and military segment will have significant market share growth during the forecast period. The increasing focus of countries to strengthen their defense and military capabilities will drive the growth of the segment during the same period.
By geography, the sea skimmer missile market has been segmented into North America, Europe, APAC, South America, and MEA. APAC will have the highest market share growth during the forecast period.
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Sea Skimmer Missile Market 2022-2026: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The rising military expenditure is notably driving the sea skimmer missile market growth. However, factors such as climate-related issues may impede market growth.
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the sea skimmer missile market include Brahmos Aerospace Pvt. Ltd., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Saab AB, and The Boeing Co. The key offerings of some of these vendors are listed below:
- Brahmos Aerospace Pvt. Ltd. - The company offers sea skimmer missiles that precisely hit sea and land-based targets beyond radar horizon, under the brand name of Brahmos.
- Israel Aerospace Industries Ltd. - The company offers sea skimmer missiles that provide an optimal solution for meeting naval helicopters' future mission requirements, under the brand name of IAI.
- Kongsberg Gruppen ASA - The company offers sea skimmer missiles that are integrated with autonomous target recognition, which ensures that the correct target is detected, recognized and hit, at sea or on land, under the brand name of Kongsberg.
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Sea Skimmer Missile Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist sea skimmer missile market growth during the next five years
- Estimation of the sea skimmer missile market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sea skimmer missile market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sea skimmer missile market vendors
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Sea Skimmer Missile Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.53% |
Market growth 2022-2026 | USD 922.56 million |
Market structure | Fragmented |
YoY growth (%) | 1.36 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | APAC at 32% |
Key consumer countries | US, UK, France, China, and Germany |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Brahmos Aerospace Pvt. Ltd., Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., Saab AB, and The Boeing Co. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market characteristics
2.2 Value chain analysis
Exhibit 10: Value chain analysis: Aerospace and defense
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Marketing and sales
2.2.5 After-sales service
2.2.6 Industry innovation
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market size 2021
3.3 Market segment analysis
Exhibit 12: Market segments
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5 Market Segmentation by Application
5.1 Market segments
Exhibit 22: Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 23: Comparison by Application
5.3 Defense and military - Market size and forecast 2021-2026
Exhibit 24: Defense and military - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Defense and military - Year-over-year growth 2021-2026 (%)
5.4 Homeland security - Market size and forecast 2021-2026
Exhibit 26: Homeland security - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Homeland security - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 28: Market opportunity by Application
6. Customer landscape
6.1 Overview
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 29: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 30: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 31: Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 32: North America - Market size and forecast 2021-2026 ($ million)
Exhibit 33: North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 34: Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 36: APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 37: APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 40: MEA - Market size and forecast 2021-2026 ($ million)
Exhibit 41: MEA - Year-over-year growth 2021-2026 (%)
7.8 Key leading countries
Exhibit 42: Key leading countries
7.9 Market opportunity by geography
Exhibit 43: Market opportunity by geography
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rising military expenditure
8.1.2 Technologically advanced systems
8.1.3 Increasing investment in maritime surveillance capabilities
8.2 Market challenges
8.2.1 Climate-related issues
8.2.2 Regulatory norms
8.2.3 Project delays and test failures
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Advanced connector technology
8.3.2 Emergence of 3D printing and composite materials
8.3.3 Usage of artificial intelligence in sea skimmer missiles
9. Vendor Landscape
9.1 Overview
Exhibit 45: Vendor landscape
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 48: Vendors covered
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 Brahmos Aerospace Pvt. Ltd.
Exhibit 50: Brahmos Aerospace Pvt. Ltd. - Overview
Exhibit 51: Brahmos Aerospace Pvt. Ltd. - Product and service
Exhibit 52: Brahmos Aerospace Pvt. Ltd. - Key News
Exhibit 53: Brahmos Aerospace Pvt. Ltd. - Key offerings
10.4 Israel Aerospace Industries Ltd.
Exhibit 54: Israel Aerospace Industries Ltd. - Overview
Exhibit 55: Israel Aerospace Industries Ltd. - Product and service
Exhibit 56: Israel Aerospace Industries Ltd. - Key News
Exhibit 57: Israel Aerospace Industries Ltd. - Key offerings
10.5 Kongsberg Gruppen ASA
Exhibit 58: Kongsberg Gruppen ASA - Overview
Exhibit 59: Kongsberg Gruppen ASA - Business segments
Exhibit 60: Kongsberg Gruppen ASA - Key News
Exhibit 61: Kongsberg Gruppen ASA - Key offerings
Exhibit 62: Kongsberg Gruppen ASA - Segment focus
10.6 Lockheed Martin Corp.
Exhibit 63: Lockheed Martin Corp. - Overview
Exhibit 64: Lockheed Martin Corp. - Business segments
Exhibit 65: Lockheed Martin Corp. - Key offerings
Exhibit 66: Lockheed Martin Corp. - Segment focus
10.7 MBDA
Exhibit 67: MBDA - Overview
Exhibit 68: MBDA - Product and service
Exhibit 69: MBDA - Key News
Exhibit 70: MBDA - Key offerings
10.8 Northrop Grumman Corp.
Exhibit 71: Northrop Grumman Corp. - Overview
Exhibit 72: Northrop Grumman Corp. - Business segments
Exhibit 73: Northrop Grumman Corp. - Key News
Exhibit 74: Northrop
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