| Product Code: ETC7380282 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of Sea Skimmer missiles, with the USA and UK being the top exporting countries. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline in both the compound annual growth rate (CAGR) and growth rate from 2023 to 2024. The negative CAGR of -17.62% and the drastic growth rate decrease of -89.01% suggest a challenging market environment for Sea Skimmer missile imports in Grenada. Further analysis is recommended to understand the factors driving this decline.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Sea Skimmer Missile Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Sea Skimmer Missile Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Sea Skimmer Missile Market - Industry Life Cycle |
3.4 Grenada Sea Skimmer Missile Market - Porter's Five Forces |
3.5 Grenada Sea Skimmer Missile Market Revenues & Volume Share, By Launch Type, 2021 & 2031F |
4 Grenada Sea Skimmer Missile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing maritime security threats in the region |
4.2.2 Modernization and upgrade programs of naval forces in Grenada |
4.2.3 Growing focus on anti-ship missile capabilities in defense strategies |
4.3 Market Restraints |
4.3.1 Budget constraints in defense spending |
4.3.2 Technological challenges in developing advanced sea skimmer missiles |
4.3.3 Regulatory restrictions on arms trade and exports |
5 Grenada Sea Skimmer Missile Market Trends |
6 Grenada Sea Skimmer Missile Market, By Types |
6.1 Grenada Sea Skimmer Missile Market, By Launch Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Sea Skimmer Missile Market Revenues & Volume, By Launch Type, 2021- 2031F |
6.1.3 Grenada Sea Skimmer Missile Market Revenues & Volume, By Surface-To-Surface Missiles, 2021- 2031F |
6.1.4 Grenada Sea Skimmer Missile Market Revenues & Volume, By Air-To-Surface Missiles, 2021- 2031F |
7 Grenada Sea Skimmer Missile Market Import-Export Trade Statistics |
7.1 Grenada Sea Skimmer Missile Market Export to Major Countries |
7.2 Grenada Sea Skimmer Missile Market Imports from Major Countries |
8 Grenada Sea Skimmer Missile Market Key Performance Indicators |
8.1 Research and development investment in sea skimmer missile technology |
8.2 Number of successful sea skimmer missile test launches |
8.3 Adoption rate of sea skimmer missiles in Grenada's naval fleet |
8.4 Rate of integration of advanced targeting systems in sea skimmer missiles |
8.5 Frequency of naval exercises involving sea skimmer missile usage |
9 Grenada Sea Skimmer Missile Market - Opportunity Assessment |
9.1 Grenada Sea Skimmer Missile Market Opportunity Assessment, By Launch Type, 2021 & 2031F |
10 Grenada Sea Skimmer Missile Market - Competitive Landscape |
10.1 Grenada Sea Skimmer Missile Market Revenue Share, By Companies, 2024 |
10.2 Grenada Sea Skimmer Missile Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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