Sea Skimmer Missile Market: Brahmos Aerospace Pvt. Ltd. and Israel Aerospace Industries Ltd. are among the Key Contributors

The sea skimmer missile market is expected to post an incremental growth of USD 922.56 million, accelerating at a CAGR of 4.53%, over the next five years. One of the key factors driving the global sea skimmer missile market growth is the rising military expenditure across the globe. The sea skimmer missile market is segmented by application (defense and military and homeland security) and geography (North America, Europe, APAC, South America, and MEA). 

The research report provides insights into the top market players and their product portfolios along with pipeline analysis of upcoming developments and growth opportunities. View Sample Report Analysis

Sea Skimmer Missile Market: Market Highlights

• The Sea skimmer missile market is segmented by Application (Defense and military and Homeland security) and Geography (North America, Europe, APAC, South America, and MEA).
• APAC led the market with 32% of the market growth set to originate from this region during the forecast period.
• Rising military expenditure is one of the primary factors driving the growth of the sea skimmer missile market.  

Sea Skimmer Missile Market: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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.

• Brahmos Aerospace Pvt. Ltd. - The company offers sea skimmer missiles that precisely hit the sea and land-based targets beyond the radar horizon, under the brand name 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 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.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 4.53%.
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 922.56 million during 2020-2026.
3. What is a key factor driving this market?
   Rising military expenditure will drive market growth over the forecast period.
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
5. Which is the leading geographic region for this market?
   32% growth will originate from APAC.
6. Who are the leading market vendors?
   The leading vendors in this market are 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.
7. What are the market segments covered in this report?
   The market is segmented by Application (Defense and military and Homeland security) and Geography (North America, Europe, APAC, South America, and MEA).