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The value of the anti-ship missile market is expected to climb over the next 15 years, according to data compiled by Forecast International.

The anti-ship missile market will be worth about $20 billion during the 2017-2031 period, based on data derived from what Forecast International call their ‘Platinum Forecast System’. During this time, the market’s value of production will steadily climb, from $1.089 billion in 2017 to a peak of $1.467 billion in 2027; the market will slightly taper off in the out years.

“China will produce the most missiles, but Western firms and Russia will win the greatest number of individual export contracts,” said Larry Dickerson, senior missile analyst at FI.

“The systems are overshadowed by their anti-armour and strike counterparts, which are routinely hitting targets in Iraq, Syria, Yemen and Libya,” said Dickerson. “Anti-ship missiles have had few opportunities to shine in the last 20 years. Nevertheless, these systems remain an important part of naval combat.”

New systems are in development, but will not be available until the 2020s. Europe is considering the joint development of a new anti-ship missile to replace a plethora of existing systems.

Dickerson notes that the anti-ship market could eventually merge with its strike missile counterpart.

“Today, different missiles, such as Harpoon and SCALP-EG, perform these missions,” Dickerson said. “Yet missiles capable of engaging a wider array of targets than their predecessors are growing in popularity. Eventually, a single missile could be capable of hitting surface warships and land-based targets, meeting the military’s anti-ship and strike mission requirements with a single weapon.”

Forecast International is a major provider of ‘Market Intelligence and Consulting in the areas of aerospace, defence, power systems and military electronics’.

16 COMMENTS

      • You are right, poor choice of words. It is certainly ironic, although I hold out hope that our new Defence Secretary will make the right choices. Extending the life of Harpoon or buying NSM would seem the logical short to medium term choices.

  1. Now, if I were campaigning to save the ships Ocean, Albion & Bulwark and a few thousand Royal Marines, I would be letting the House of Commons Defence Committee know my views direct rather than being an armchair admiral writing essays on here. 😉

    House of Commons Select Committee on Defence – The Royal Marines and UK amphibious capability web forum

    http://www.parliament.uk/business/committees/committees-a-z/commons-select/defence-committee/royal-marines-web-forum-17-19/

  2. So, the Royal Navy is about to run out of ASM missiles, and, there is predicted to be a huge global market for new ones over the next few decades.
    So, you would think, the UK government and the UK missile manufacturers would see an opportunity to both fill the RN gap and grab a chunk of a major export market by developing one……………

  3. TH it is my right via living in a democratic country to lobby parliament and my mp for greater defence expenditure and stopping any further cuts.
    unlike in the country you clearly originated in Putin’s Russia.
    we see you 5th columnist.
    Those nice men and women from MI5 and MI6 should be knocking on your door soon.
    Enjoy your time being interrogated, unless of course you are already in Russia sat in the basement of the Kremlin trying to undermine the morale and good sense of the British people?

  4. Considering the US needs to replace its harpoon systems, this is a bit of a non-story. Even if just the US upgraded all its harpoon systems, it would probably hit the 20b mark all by it self.

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