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The global anti-ship missile defence system market is marked with growth potential in the coming years. The factors that influence the demand for anti-ship missile defence system are high demand for laser anti-ship missile defense systems, increasing R&D investments, and greater emphasis on maritime border security. The major trends and opportunities in the anti-ship missile defence system market are modernization of naval combat systems and transition to SBX-band radar. The major challenges and that can restrain the market growth are the defense budget cuts, delays and project cancellations and shortcomings of the conventional missile defense systems. As per MRFR analysis, the global anti-ship missile defence System market was valued at USD 9,014.2 million in 2016 which is expected to reach USD 13,984 million by 2023 with a CAGR 6.65% during the forecast period 2017-2023.

Anti-Ship Missile Defence System Market Size

Market Research Analysis

High Demand for Laser Anti-Ship Missile Defense Systems has been a major driver for the global anti-ship missile defense system market. Laser wavelengths are approximately 10,000 times smaller than microwaves, causing lesser diffraction and making them more accurate when fired from long distances. In addition, laser weapon systems generate high-energy pulses. For example, one-megajoule laser pulse delivers the same energy as 200 grams of high explosive and has the same impact on a target.

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