Market Overview

Global Shipborne Anti-Ship/Land Attack Missiles Market, Forecast to 2023

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Global Shipborne Anti-Ship/Land Attack Missiles Market, Forecast to 2023

PR Newswire

LONDON, August 20, 2018 /PRNewswire/ -- Increasing Patrols and Tight Supplies Drive Procurement
This research service provides an overview of the global anti-ship/land attack missiles (SAS/LAM) market.It includes categories of spending such as research, development, testing, and evaluation (RDT&E), procurement, and services.

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SAS/LAM is defined as missiles specifically designed to launch from naval vessels and defeat adversary surface ships, submarines, fast attack craft, swarming vessels, unmanned naval vehicles, and/or ground targets. The study does not include strategic nuclear armed missiles.

Some SAS/LAM weapons can be launched from non-ship platforms, and deployed against multiple targets (including aircraft and missiles). The focus is on weapons used against ships or land targets at all ranges.

Launch systems and canisters are not included in this study, though in some cases, programs or contracts do not make distinctions between weapons and launchers, so estimates are made.Spending levels for this research is defined as the funding furnished by government budget documents, contracts, industry media announcements, and analyst estimates.

Unit prices are not included as they vary widely as a result of quantities ordered, discounts, political factors, and additional services that may be included in contracts.

The market is segmented into the following regions: Asia-Pacific (APAC), Europe, the Middle East (ME), and the United States.General information and spending estimates for Russia (Europe), and China (APAC), are included because they are major producers, have large navies, and are major exporters of SAS/LAM weapons.

Mexico, Canada, South America, African nations, and others are not included due to small volumes, comparatively low activity levels, and time constraints.

Russia and China have made major upgrades to their SAS/LAMs.This combined with a return to cold war era level and blue water naval patrols gives them a very good anti ship capability.

In addition, both nations have exported these upgraded weapons to client states, driving more nations to upgrade their own SAS/LAM capability through domestic efforts or purchases from western nations.

Due to the upgraded naval capabilities of Russia and China, the United States and other western nations and their allies or clients are also upgrading their missiles to extend range and lethality in order to deter naval warfare. These upgraded missiles and C4ISR capabilities also enhance joint operations among mutual defense treaty signatories.

Key Issues Addressed
• What are the areas of growth in the global shipborne anti-ship/land-attack missile market?
• Who are the leading competitors in the market, and what market do they excel in?
• What factors are driving or restraining the global market?
• Which regions lead the market in terms of future spending?
• What are some of the key events and transactions happening in the market around the world?

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