Industry Today:
Anti-Ship missile defence systems offer 360 protection to naval warships and sailors from incoming missiles. This radar system are used to locate incoming missiles and an interceptor missile system to destroy those missiles. As a result of the recent advancements in directed energy technologies, there has been emphasis on development of both, high-energy laser (HEL) and high-power microwave (HPM) weapons to tackle and defeat Anti-Ship Missile Defence System.
As per MRFR analysis, the global anti-ship missile defence systems market has seen a prospective growth over the last few years, and is expected to witness a remarkable growth during the forecast period. 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.
The emergence of advanced naval defense technologies has changed the defense industry. Due to the global proliferation of progressively sophisticated arms, an imperative need to reassess the current approach to naval fleet operations has emerged. To address this need, anti-ship missile defense systems have come into existence.
