Following the news that Israel-based Rafael Advanced Defense Systems is unveiling a new air-launched missile, James Marques, Aerospace, Defence and Security Analyst at GlobalData, a leading data and analytics company, offered his view:
“Israeli military technology is well-renowned and interest is growing in Europe. Some systems already in service with NATO include the Spyder missile defence system and SPIKE anti-tank missile. Israel has also proved the attractiveness of its products by making deals worth over $3 billion in Jordan and Egypt, countries historically at odds with Israel.
“However, Rafael may have to rely on more than its reputation in a crowded market as similar offerings include Lockheed Martin’s JASSM and MBDA’s Storm Shadow. GlobalData measures the global missile market at $38 billion in 2022 and predicts that it will reach $52.3 billion by 2031. With a range of up to 300 kilometres, the ‘Ice Breaker’ – previously unveiled in a ship-launched variant – is clearly aiming for ‘standoff’ capability that would allow its users to strike targets deep behind the enemy’s frontline. As a sixth-generation weapon, it uses artificial intelligence and deep learning to improve targeting – a trend GlobalData has identified for its transformative effect on defence, and a competency firms would be wise to hone.
“This type of weapon will draw attention for militaries observing the impact of Russian missile strikes on Ukraine and Ukraine’s retaliation of targeting supply centres with systems that evade air defences and avoid return fire, as Rafael’s missile is optimised for such attacks. Therefore, the major role the missiles are playing in this war will increase demand in the precision strike market.”
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