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Press Release Category Business - Trade - visiongain Release Date: December 03, 2004

visiongain reports "World missile market is worth $100 billion until 2012"

By visiongain
December 03, 2004
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A new report published by visiongain entitled " Sea Strike Weapon" forecasts the future of modern warfare as light mobile troops operating independently in littoral areas. The US military is spiraling its capabilities towards sea based warfare during the first quarter of the 21st century and other western forces are readying themselves for littoral warfare. Therefore an increasing need for a suite of defensive weapons systems that can simultaneously defend both sea based assets and amphibious forces.

PR9.NET December 03, 2004 - San Francisco, CA and London, UK - There is an increasing need for a suite of defensive weapons systems that can simultaneously defend both sea based assets and amphibious forces.
Sea Shield Weapons is one such system. This advanced sea based defensive weapons system is designed to protect both sea-based assets and amphibious forces operating inland.

The essence of sea based warfare is that the bare minimum of equipment and heavy weaponry is brought ashore in order to enable the light mobile troops that western militaries want. In order to do this, major operations will need to be sustained by a larger and more advanced off-shore force. This force may include a number civilian style cargo ships in order to realize the advanced logistics capabilities needed to enable mobile sea based warfare in the littorals. Not only will this larger offshore force be potentially more vulnerable than before, but its security will also be more vital because it will hold all the assets necessary to complete the operation. The need for defensive naval weapons systems are therefore more vital in the sea based age. That need is answered by Sea Shield.

Visiongain estimates that there will be around 250 surface combatant ships built between 2004 and 2014. If all the surface combatants were to be equipped with radar of similar capabilities to AN/SPY, the world market for naval surface combatant radars would be around $17.5 billion during this period. This figure is clearly to high however - not all countries will be able to afford to equip their navies with radar's as capable as the AN/SPY or the Sampson. This figure is also to high when considering Forecast International's estimates for the size of the world radar market as a whole during the period 2002 -2012(all types of radar from all services), is just over $18 billion.

"The suite of sea shield weapons will also have to be of greater range and accuracy because they must also defend troops in land and be able to participate as part of a layered national missile system. Versatility is key for this reason and to keep budgets down in an era of declining military expenditure", say Mathew Bulley, Defense report Analyst

The global market for advanced defensive weapons systems in light of the move towards sea based warfare. With an in depth appraisal of current and future weapons systems, Sea Shield Defensive Weapons is the definitive guide to the future of advanced naval defensive weapons applications and markets.

Presently, the US market accounts for the majority of anti-missile missile visiongain estimates that the US share is currently around 73%. 2014 will reduce the US share of the global market for these missiles reduced to around 32% due to tremendous growth in the global market. Because of the increasing speed and sophistication of anti-ship missiles, Visiongain expects more growth in the market for outer layer missile Defense systems than for gun based CIWS (Close In Weapons Systems).

"Visiongain assumes a premium for American technology over rival systems such as the Russian Kashtan M, which is likely to be more attractive than its American counterparts in developing countries owing to lower costs. Independent estimates predict that between 200 and 300 surface combat ships (destroyers, frigates, and cruisers) will be commissioned during this period", adds Bulley. Visiongain's estimate for the period 2004 -2012 is for 250. Of these, it is likely that the 75%will be fitted with some form of close protection. This gives a protection. Of these, most of will be small ships and only have one CIWS. But larger ships might have two.

Having said that, whilst there is not likely to be much technological advancement in gun based CIWS systems (with the possible exception of metal storm technology), Visiongain suspects that as a mature and versatile technology, CIWS will still be desirable on most surface combatant ships. Furthermore, developing countries are likely to see this type of weapon as a cost effective alternative to missile based anti-missile systems, particularly those countries whose navies do not expect to face the most advanced anti-ship missiles in the future.

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Visiongain is one of the fastest growing and most innovative independent media companies in Europe today. visiongain produce a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Financial markets, the Pharmaceutical, Telecoms industries and the Defence sector.

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