GLOBAL STANDOFF MISSILE MARKET

INTRODUCTION

A standoff missile is a long-range weapon designed for attacking targets without requiring the launch platform to be in close proximity. These missiles are usually launched from aircraft, ships, land vehicles, and even from submarines.

They are typically equipped with a variety of guidance systems, ranging from inertial navigation systems to satellite-guided systems, allowing them to accurately hit targets from long distances.

Standoff missiles are designed to defeat enemy defenses that would otherwise be difficult to penetrate. They can be used to destroy targets such as air defense systems, radar installations, and other high-value targets. In addition, they are often used as a form of psychological warfare, allowing hostile forces to be intimidated without direct contact.

Standoff missiles are often employed as a form of precision-guided munitions, allowing them to be used in situations where a higher degree of accuracy is needed. This is especially true in urban or other densely populated areas, where collateral damage can be minimized.

Standoff missiles are also capable of carrying a variety of payloads, including high explosives, nuclear weapons, biological weapons, and chemical weapons. As a result, they have become an important part of many militaries’ arsenals.

Finally, standoff missiles are also used in a variety of other applications, including reconnaissance, surveillance, and target acquisition. With their long range and high accuracy, they are invaluable tools in providing military forces with the necessary information to complete their missions.

GLOBAL STANDOFF MISSILE MARKET SIZE AND FORECAST

 The Global Standoff missile market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

To strengthen its counterstrike capabilities, Japan has given Mitsubishi Heavy Industries a contract to build submarine-launched standoff missiles. The new weapons are intended to target locations like enemy missile bases, with an estimated range of several thousand kilometers.

By making enemy counterattacks more difficult, the missiles constitute a more potent deterrent when mounted aboard mobile, hard-to-detect submarines. Development is anticipated to continue into the next years.

The government has also awarded contracts to Mitsubishi Heavy for the mass production of hypersonic glide vehicles to protect outlying islands and updated Type 12 surface-to-ship guided missiles with a longer range. Both contracts are expected to be delivered in the next two fiscal years.

The total estimated value of the orders is in billion yen. Tokyo also intends to purchase Tomahawk cruise missiles from the US for deployment at the start of the two-year timeframe.

This year's fiscal budget, which went into force, sets aside billion yen for the acquisition. Japan wants to create a multi-pronged deterrent by fusing these tried-and-true weapons with indigenous missiles. Tokyo plans to outfit submarines with five-times-slower-than-sound hypersonic weaponry within the next five years.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Standoff missile are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Standoff missile and key vendor selection criteria
3. Where is the Standoff missile manufactured? What is the average margin per unit?
4. Market share of Global Standoff missile market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Standoff missile in-house
6. key predictions for next 5 years in Global Standoff missile market
7. Average B-2-B Standoff missile market price in all segments
8. Latest trends in Standoff missile market, by every market segment
9. The market size (both volume and value) of the Standoff missile market in 2023-2030 and every year in between?
10. Production breakup of Standoff missile market, by suppliers and their OEM relationship