Sea Skimmer Missile Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to sea skimmer missile market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Sea Skimmer Missile Market News

in Sea Skimmer Missile Market
  • In January 2024, MBDA and Thales announced a strategic partnership to co-develop a next-generation sea-skimming missile variant. This collaboration focuses on integrating advanced AI-guided flight paths and enhanced radar-evading features, aiming to meet the evolving demands of modern naval warfare. The partnership underscores the industry's emphasis on innovation and modernization to enhance missile effectiveness and adaptability.
  • In April 2024, Raytheon Technologies secured an extension of its contract with the U.S. Navy to upgrade its Exocet-like missile system. The enhancements focus on increasing range and countermeasure resistance, reflecting the growing emphasis on advanced missile technologies. This development highlights Raytheon's commitment to providing cutting-edge solutions to meet the Navy's strategic needs.
  • In July 2024, Boeing and Kongsberg Gruppen announced a collaboration to develop advanced missile systems. Their partnership aims to integrate cutting-edge technologies to enhance the capabilities of sea-skimming missiles, addressing the evolving requirements of modern naval operations. This alliance signifies a concerted effort to advance missile technology and strengthen defense capabilities.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Sea Skimmer Missile Market size was valued at USD 5.49 Billion in 2023 and is poised to grow from USD 5.67 Billion in 2024 to USD 7.41 Billion by 2032, growing at a CAGR of 3.4% in the forecast period (2025-2032).

The global sea skimmer missile industry is highly competitive, with leading defense giants and emerging players continuously innovating to maintain technological superiority and secure defense contracts. 'MBDA', 'Thales Group', 'Raytheon Technologies', 'Boeing', 'Northrop Grumman', 'Lockheed Martin', 'Kongsberg Gruppen', 'Naval Group', 'Saab AB', 'Rafael Advanced Defense Systems', 'BAE Systems', 'General Dynamics'

As global maritime security becomes increasingly complex, governments are investing heavily in naval modernization. This includes updating ships, submarines, and weapons systems with advanced sea-skimming missile capabilities. For example, in 2024, India accelerated the deployment of the BrahMos missile system on its naval platforms, enhancing its low-altitude strike capability against enemy vessels.

Integration of Artificial Intelligence and Autonomous Targeting: The integration of AI is transforming the missile industry. Modern sea skimmer missiles are now equipped with machine learning algorithms for real-time decision-making, threat prioritization, and target tracking. A prime example is Rafael’s Sea Breaker missile, which in 2024 showcased its capability to autonomously locate and destroy enemy naval targets with high precision, even in GPS-denied environments. This level of autonomy is becoming increasingly important as warfare shifts toward faster, more complex engagements.

How Is North America Shaping the Sea Skimmer Missile Market?

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Sea Skimmer Missile Market
Sea Skimmer Missile Market

Report ID: SQMIG20A2345

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE