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Global Anti-Ship Missile Defence System Market 2016-2020

  • Published: Aug 2016
  • Pages: 82
  • SKU: IRTNTR10094
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This market research report identifies players like BAE, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon to be the key vendors in the global anti-ship missile defense system market. This research report also presents a detailed segmentation of the market by component (radar and missile interceptor) and by geography (the Americas, APAC, and EMEA).

Overview of the global anti-ship missile defense system market

Extensive market research carried out by Technavio’s analysts has predicted that the global anti-ship missile defense system market will grow progressively at a CAGR of around 6% during the forecast period.  Countries such as the US, the UK, Russia, Iran, Israel, China, South Korea, India, and Japan are expected to increase their demand for anti-ship missile defense systems during the forecast period, owing to intensifying border threats and national security concerns. Some of the major vendors in the market are designing advanced anti-ship missile defense systems with improved speed, strike capabilities, and enhanced effectiveness to cater to the demand from these nations. With an increase in naval warfare and sea border disputes across the globe, the modernization of naval combat systems is on the rise. Several ships and vessels are being equipped with advanced radar, sensors, offensive and defensive weapons, and navigation systems, to expand the capabilities of naval warfare, which will further boost the demand for anti-ship missiles during the predicted period.

The increasing use of sea-based X-band radar-1 (SBX-1) system is the latest trend gaining momentum in the market. This radar system is an enhanced version of the K and Ka-band radar systems that can detect any suspicious movement from a long distance. These are advanced electro-mechanically steered phased array radars which include a mid-course fire control radar based on a semi-submersible naval vessel. The SBX-1 platform is equipped with a command, control, and communications (C3) system and an in-flight interceptor communication system data terminal, besides a BMDS system, which tracks the incoming missiles, countermeasures discrimination for ground-based midcourse defense (GMD) interceptor missiles, and destroys the threat outside the Earth's atmosphere.

Competitive landscape and key vendors

The global anti-ship missile defense system market is highly competitive where the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. The international players have a strong foothold in the market in trems of in-house manufacturing capabilities, newer technologies, global footprint network, product offerings, R&D investments, and a strong client base. These vendors primarily focus on the implementation of lightweight materials, electric technologies, and robust systems.

Leading vendors in the market are -

  • BAE
  • General Dynamics
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon

Other prominent vendors in the anti-ship missile defense system market include Finmeccanica, MBDA, Rafael Advanced Defense Systems, Saab AB, and Thales.

Segmentation by component and analysis of the anti-ship missile defense system market

  • Radar
  • Missile interceptor

The radar segment dominated the anti-ship missile defense system market during 2015 and accounted for more than 73% of the total market share. Massive investments by countries like the US, Russia, Israel, South Korea, and Japan have boosted the procuremet and sales of these radar systems. Due to the high demand for anti-ship missile defense radar systems, there has been proposals to increase the ballistic missile defense radar systems in the future naval fleets. These systems will deliver an enduring, supportable, operationally effective, and integrated ballistic missile defense capability in destroyers and cruisers.

Geographical segmentation and analysis of the anti-ship missile defense system market

  • Americas
  • APAC
  • EMEA

APAC is the fastest-growing region in the market and will occupy around 40% of the overall market revenue during the forecast period. Strong economic development and subsequent rise in military spending is the major growth factor for this region. Rising number of maritime conflicts in the Indian Ocean and the South China Sea have prompted nations like China, India, Australia, and South Korea to invest in the rapid modernization of anti-ship missile defense systems, which will further augment their sales in the region over the next four years.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global anti-ship missile defense system market?
  • What are the key market trends impacting the growth of the global anti-ship missile defense system market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global anti-ship missile defense system market?
  • What are the market opportunities and threats faced by the vendors in the global anti-ship missile defense system market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global anti-ship missile defense system market?

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Table of Contents

PART 01: Executive summary

  • Highlights
  • Key takeaways
  • Anti-ship missile defense systems: An overview

PART 02: Scope of  the report

  • Market overview
  • Top competitor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by component

  • Market share by component
  • Market segmentation by revenue
  • Global anti-ship missile defense radar system market
  • Global anti-ship missile interceptor system market

PART 07: Geographical segmentation

  • Market share by geography
  • Geographical segmentation by revenue
  • Anti-ship missile defense system market in APAC
  • Anti-ship missile defense system market in the Americas
  • Anti-ship missile defense system market in EMEA

PART 08: Market drivers

  • Greater emphasis on maritime border security

PART 09: Impact of drivers

PART 10: Market challenges

  • Defense budget cuts
  • Issues associated with integration of new technologies
  • Delays and project cancellations

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Modernization of naval combat systems
  • Transition to SBX-band radar
  • Emergence of long-range anti-ship missiles

PART 13: Competitor landscape

  • Competitive scenario
  • BAE Systems
  • General Dynamics
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon
  • Key recent developments of the major competitors
  • Other prominent competitors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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