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Sea Skimmer Missile Market to Reach $2.7 Billion, Globally, by 2032 at 6.9% CAGR: Allied Market Research

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The rising demand for maritime security and increased defense spending, including investments in sea-skimming missile defense systems are anticipated to drive the growth of the global sea skimmer missile market during the forecast period from 2023 to 2032. The North America region generated the major market share in 2022.
PORTLAND, Ore., Aug. 28, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled, “Sea Skimmer Missile Market by Type (Surface-to-Surface Missiles, Air-to-Surface Missiles), by Application (Defense, Homeland Security): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global sea skimmer missile market generated $1.5 billion in 2022, and is anticipated to generate $2.7 billion by 2032, witnessing a CAGR of 6.9% from 2023 to 2032.
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Prime Determinants of Growth
The increasing number of marine hazards and the growing territorial conflicts or geopolitical tensions leading to increased defense spending are predicted to be the important factors to boost the growth of the global sea skimmer missile market in the forecast timeframe. However, the rising legal and ethical concerns about innocent casualties and collateral damage may hamper the sea skimmer missile market growth in the coming period. On the contrary, advancements in missile technology, such as enhanced range, precision, and guidance systems is expected to offer growth opportunities for expansion of the sea skimmer missile market in the 2023-2032 forecast period.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$1.5 billion
Market Size in 2032
$2.7 billion
CAGR
6.9 %
No. of Pages in Report
280
Segments covered
Application, Type, and Region
Drivers
Rising demand for maritime security
Increasing territorial conflicts or geopolitical tensions across the globe
Opportunities
Technological advancements, such as the use of AI in marine skimmer missiles
Increased investment in missile defense technologies & systems
Restraints
Restricted range and endurance compared to higher-flying missiles
 
COVID-19 Scenario
The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global sea skimmer missile market. The global supply networks, raw materials, and other components required for the manufacture of missiles were in limited supply during the crisis due to lockdown restrictions.In addition, various nations experienced economic difficulties during the epidemic, which had an effect on their defense spending. Therefore, some countries reduced or delayed missile procurement plans to allocate resources to healthcare & economic recovery.Application: Defense Sub-segment to be Highly Dominant During the Forecast Period
The defense sub-segment accounted for the major share of 58.7% in the sea skimmer missile market in 2022 and is expected to grow at a the highest CAGR of 7.3% during the forecast period. The dominant growth of the sub-segment is mainly due to the rising threat of smuggling, piracy, and terrorism in maritime areas. Sea skimmer missiles are primarily used as a deterrent against their targets. Besides, increasing military expenditure from various countries across the globe is driving the growth of the defense sub-segment.
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Type: Surface-to-Surface Missiles Sub-segment to Flourish Immensely by 2032
The surface-to-surface missiles sub-segment generated the highest market share of 63.4% in 2022 and is predicted to grow at the highest CAGR of 7.3% by 2032. The continuous advancements in surface-to-surface missile technology is the major factor driving the growth of the sub-segment. in the last few years. Besides, these types of missiles can fly directly to the target, or move towards it from a distance, and are thus high in demand.
Region: North America Market to Hold Majority of Market Share by 2032
The North America region accounted for the highest share of 35.2% in the global sea skimmer missile market in 2022 and is expected to continue to maintain its dominance during the forecast period. Increased investment in the development of sea skimmer missiles and advancements in missile technology, such as enhanced range, speed, and guidance systems are the major factors predicted to boost the regional market growth by 2032. Besides, the increasing funding by key market layers of the region to deliver novel and more advanced sea skimmer missile solutions is another factor boosting the market growth.
Leading Players in the Sea Skimmer Missile Market:
Israel Aerospace Industries Ltd.BrahMos AerospaceSAAB ABKongsberg Gruppen ASNorthrop Grumman CorporationDefence Research And Development OrganisationRaytheon CompanyBoeing CompanyMBDAOrbital ATK Inc.Procure Complete Research Report Now – https://www.alliedmarketresearch.com/sea-skimmer-market/purchase-options
The report provides a detailed analysis of the key players of the global sea skimmer missile market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports We Have on Aerospace & Defense Industry:
Surface to Air Missiles Market Research Report 2023-2035
Submarine Combat Systems Market Research Report 2023-2035
Missile Launching Systems Market Research Report 2023-2035
Maritime Missile Launch System Market Research Report 2023-2035
Submarine Market Research Report 2023-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]
Web: www.alliedmarketresearch.comAllied Market Research Blog: https://blog.alliedmarketresearch.com
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AI-Powered Green Solutions Drive Southeast Asia’s Sustainability Agenda

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October 10, 2024

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AI and ML solutions will drive sustainable growth in the region by improving operations efficiency and facilitating carbon emission monitoring and reporting
NEW YORK, Oct. 10, 2024 /PRNewswire/ — Amid mounting pressure from international organizations and governments to drive sustainable economic growth, global technology intelligence firm ABI Research finds that companies in Southeast Asia (SEA) are rising to the challenge by embracing Artificial Intelligence (AI) and Machine Learning (ML) solutions to meet their Environmental, Social, and Governance (ESG) goals and demonstrate their commitment to a sustainable future. Many SEA countries, such as Singapore, Malaysia, Thailand, Vietnam, the Philippines, and Indonesia, already require qualified companies to disclose ESG. Countries such as Singapore and Malaysia have further outlined clearly defined roadmaps to expand ESG reporting to more companies in the future.

“Across vertical industries, AI and ML solutions are being adopted to drive sustainable growth, from enhancing operational efficiency to accountability in tracking carbon emissions. These technologies power innovations such as AI-driven carbon management software and robotic systems. In SEA, the urgency to embrace these solutions is particularly high, as the region is becoming a key target for factory development and is viewed by companies as a major hub for future business expansion. Hence, adopting AI-enabled solutions is increasingly recognized as critical to ensuring sustainable growth in this rapidly growing region,” explains Rachel Kong, Research Analyst at ABI Research.
A recent survey by ABI Research revealed significant interest in AI-based solutions in Malaysia, with more than 50% of respondents from the manufacturing sector deeming AI as an essential component when evaluating new solutions. Robotic Process Automation (RPA) and Enterprise Resource Planning (ERP) software were ranked the top two most important investment areas to support productivity improvements and solution areas in which AI is expected to feature heavily. This trend is expected to be consistent throughout most of the SEA region as well.
Additionally, many innovative solutions are being introduced to support sustainable growth. For example, in the automation industry, Schneider Electric in SEA is developing new technologies for electrification, automation, and digitization by leveraging AI-driven analytics to optimize operations and increase efficiency. Leading innovators in the carbon management software space, such as Zuno Carbon, Evercomm, Unravel Carbon, and Jejakin, have also integrated AI-driven features in their solutions to streamline data collection and improve the overall efficiency of emissions accounting.
“With the tightening of local sustainability reporting regulations in the region, we anticipate more companies to invest in AI and ML technologies to accelerate their sustainable efforts across industries, such as manufacturing, agriculture, supply chain, and finance,” says Matthias Foo, Senior Analyst at ABI Research. “However, it is important to recognize that all enterprises are in different stages of their sustainability journey. Hence, each organization must carefully evaluate AI-based sustainability solutions to determine its overall impact on business operations.”
These findings are from ABI Research’s Leveraging AI and ML for Sustainable Growth in Southeast Asia report. This report is part of the company’s Southeast Asia Digital Transformation research service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
Global Deborah Petrara Tel: +1.516.624.2558 [email protected]  
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Robin AI Unveils New Features to its Robin Reports Product to Fully Automate the Analysis of Thousands of Contracts at a Time

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October 10, 2024

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Product Delivers for its Fortune 500 Clients Who are Looking for Real Cost-Savings and Direct Benefits from GenAI Tools
NEW YORK, Oct. 10, 2024 /PRNewswire/ — Robin AI, which provides legal AI to businesses in partnership with Anthropic and AWS, today released a new version of its groundbreaking Robin Reports product, just three months after its initial release. Robin Reports is solving business-critical problems for large companies, including speeding up incident management around cyberattacks and M&A due diligence.

Today’s product news is paired with Robin AI’s “State of Legal AI 2024 Report.” The survey finds that 94% of General Counsel have identified generative AI opportunities in their teams, leading to increased tech spending. But the failure of big law firms to deliver generative AI benefits to their clients sets the stage for legal AI companies to replace law firms in more legal tasks in 2025.
Why it matters: The new version of Robin Reports allows a company to audit thousands of documents, with results in minutes — saving lawyers hundreds of hours of work each year. There is no implementation time when using Reports.
Demand for Reports is being driven by Fortune 500 and asset management firms, which Robin pinpoints to their legal teams becoming more business-oriented and increasing their tech spend — with greater spending expected across the board in 2025, per today’s survey of U.S. General Counsel and Heads of Legal Operations teams.Despite increasing tech budgets, Robin’s survey also found that in-house legal departments remained slammed.New features: Legal and investment teams can now build their own reports within the Robin AI web platform, including from a new template library.  Reports also:
Uses Anthropic’s latest Claude Sonnet 3.5 modelsWorks on any type of legal documentIs now optimized for more uses including Due Diligence Reports on Supplier Agreements and Lease Agreements, and Audit Report on NDAsAllows each contract to be searched again and again, and according to new criteria.How Reports is being used: One of Robin’s U.S.-based biotech customers suffered a data breach, and used Reports to analyze nearly 10,000 enterprise customer contracts to identify obligations. Reports allowed the company’s legal team to resolve their notification obligations 93% faster — in under 24 hours — compared to humans working alone. That saved the company 7,500 hours of legal work and around $2.5 million.
Financial institutions are using Reports to meet EU’s DORA compliance audit deadlines.Real estate-focused Private Equity firms are carrying out large scale reviews of Lease Agreements.Major media enterprises are using Reports to bulk review all Talent Agreements.Cambridge University cut the time completed initial due diligence on an investment 98% faster. “No other legal AI product can deliver ‘time to value’ as quickly as Robin Reports,” said CEO and co-founder of Robin AI Richard Robinson.
Only 6% of law firm clients agree they are getting cost savings and other direct benefits of generative AI through their external counsel, per a recent Deloitte survey.
“We’re coming for elite law firms, by helping businesses to take back control of work that until now they’ve relied on external counsel for,” Robinson said. “We’re offering a completely self-serve product that can audit thousands of documents at once. There is no other way for big enterprises to take this volume of data and use Legal AI to structure the data and get a much faster grip on obligations and due diligence.”
Any Robin customer can try the product for free today.
Since the launch of Robin Reports in the summer of 2024, the company has doubled the size of its U.S. operation, driven by strong customer demand among Fortune 2000 and private markets finance firms for the product.  For more information visit robinai.com/reports 
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ToolsGroup Positioned as the Leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization by QKS Group

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3 hours ago

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October 10, 2024

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The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Global Supply Chain Inventory Optimization vendors.ToolsGroup with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.BOSTON, Oct. 10, 2024 /PRNewswire/ — QKS Group has named ToolsGroup as a technology leader in their 2024 SPARK Matrix™ analysis of Global Supply Chain Inventory Optimization Market.

The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions.
ToolsGroup was chosen as a leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization due to its outstanding capabilities in optimizing cloud costs and enhancing operational efficiency in complex multi-cloud environments.
QKS Group defines a Global Supply Chain Inventory Optimization as “a strategic process of maintaining an ideal amount of inventory and keeping the right balance between capital investment and service-level goals, across multiple Stock Keeping Units (SKUs). The aim is to minimize the inventory holding cost while fulfilling customer demand. Inventory Optimization leverages historical data, advanced analytics, and generative AI to ensure optimum stock levels at the right time. It also takes into consideration the volatility, risks, and probable disruptions in the supply chain and reduces unnecessary costs, stockouts, and overstocking while optimizing stock levels.”
According to Dharun, Analyst at QKS Group, “ToolsGroup has established itself as a technology leader in the global supply chain inventory optimization market by offering AI-driven, self-adaptive demand and inventory models. The solution automatically defines the optimal inventory mix across multi-echelon supply chains, ensuring high service levels while minimizing costs. ToolsGroup’s advanced features, such as probabilistic forecasting, service-driven optimization, and real-time dynamic data unification, empower businesses to navigate demand uncertainty effectively. With the launch of Decision Hub, ToolsGroup introduces decision-centric planning, allowing supply chain leaders to align on optimal responses to emerging threats and changes in supply-demand dynamics.” Dharun further adds, “ToolsGroup’s year-on-year revenue growth, strong enterprise segmentation, a compelling vision & roadmap, industry-specific capabilities, positions the company as a leader in the SPARK Matrix™: Global Supply Chain Inventory Optimization, Q3, 2024”
Quote By ToolsGroup
“We are proud to be recognized by Quadrant Solutions for the third year in a row as a leader in inventory optimization,” said Kevin Young, Chief Marketing Officer and EVP of Growth at ToolsGroup. “Our approach is quite unique in the market. We leverage AI driven probabilistic science to model a range of potential outcomes for demand and supply availability. Over 400 customers leverage our solutions to achieve service level goals while significantly reducing inventory investments, transforming their supply chains into a force for good.”
The global supply chain inventory optimization market is experiencing significant growth, driven by the adoption of cloud, AI, ML, blockchain, and IoT technologies. Inventory optimization aims to maintain an ideal stock level while balancing investment and service-level goals. The use of advanced analytics and generative AI allows for the consideration of volatility, risks, and disruptions, ultimately reducing unnecessary costs and stockouts. Current market dynamics highlight the importance of real-time inventory visibility, predictive analytics, and scenario modeling to enhance decision-making. Leading solutions in this market offer comprehensive capabilities, including multi-echelon inventory optimization (MEIO), automated data collection, and generative AI for informed inventory management. As companies strive for more antifragile and autonomous supply chains, inventory optimization remains a key strategic focus to increase efficiency, profitability, and customer satisfaction.
Additional Resources:
For more information about ToolsGroupSPARK Matrix: Global Supply Chain Inventory Optimization, Q3, 2024About ToolsGroup:
ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, and YouTube, or visit www.toolsgroup.com.
ToolsGroup Media Contact:
Jason OuelletteEscalate PR for ToolsGroup Email: [email protected]
About QKS Group:
QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://qksgroup.com/ 
Contact: 
Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: [email protected] Content Source: https://qksgroup.com/newsroom/toolsgroup-positioned-as-the-leader-in-the-2024-spark-matrix-for-global-supply-chain-inventory-optimization-by-qks-group-798Connect with us on LinkedIn- https://www.linkedin.com/company/qksgroup/
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