The global submarine-launched missile market size reached US$ 330.5 Million in 2023. Looking forward, the publisher expects the market to reach US$ 504.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032. The increasing geopolitical tensions and security concerns, increasing investments in modernization of naval forces, and extensive product utilization as a nuclear deterrent strategy, and various research and development (R&D) activities represent some of the key factors driving the market.
A submarine-launched missile is a type of projectile designed to be launched from a submarine's torpedo tubes or missile silos, allowing for the deployment of long-range offensive capabilities beneath the sea surface. It is a crucial component of a submarine's arsenal, providing the ability to strike targets on land, at sea, or in the air. Submarine-launched missiles come in various types, including ballistic missiles and cruise missiles. Ballistic missile submarines are propelled into the air using powerful rocket engines, following a predetermined trajectory that can reach targets located thousands of kilometers away. They are characterized by high speeds and the ability to carry nuclear or conventional warheads. On the other hand, cruise missiles are powered by jet engines or rocket motors and fly at lower altitudes, using terrain following or GPS guidance systems to navigate toward their targets. They offer greater maneuverability, longer loitering capabilities, and the ability to strike with precision. Submarines equipped with cruise missiles, such as guided missile submarines, possess a versatile and stealthy platform for engaging a range of targets.
A submarine-launched missile is a type of projectile designed to be launched from a submarine's torpedo tubes or missile silos, allowing for the deployment of long-range offensive capabilities beneath the sea surface. It is a crucial component of a submarine's arsenal, providing the ability to strike targets on land, at sea, or in the air. Submarine-launched missiles come in various types, including ballistic missiles and cruise missiles. Ballistic missile submarines are propelled into the air using powerful rocket engines, following a predetermined trajectory that can reach targets located thousands of kilometers away. They are characterized by high speeds and the ability to carry nuclear or conventional warheads. On the other hand, cruise missiles are powered by jet engines or rocket motors and fly at lower altitudes, using terrain following or GPS guidance systems to navigate toward their targets. They offer greater maneuverability, longer loitering capabilities, and the ability to strike with precision. Submarines equipped with cruise missiles, such as guided missile submarines, possess a versatile and stealthy platform for engaging a range of targets.
Submarine-Launched Missile Market Trends:
One of the primary factors driving the market is the increasing geopolitical tensions and security concerns among nations. As a result, several countries are adopting submarine-launched missiles that offer a strategic advantage by providing a covert and survivable platform for long-range offensive capabilities. These missiles also enhance their deterrence capabilities and maintain a credible defense posture. Besides this, several nations are widely investing in submarine-launched missile systems to strengthen their nuclear deterrence capabilities as submarine-launched ballistic missiles (SLBMs) with nuclear warheads serve as a critical component of a nation's nuclear deterrence strategy. Additionally, various countries are investing in the modernization of their naval forces, including the procurement of advanced submarines equipped with submarine-launched missile systems. Due to this, upgrading submarine fleets with improved missile technology enables nations to maintain or gain a competitive edge in naval warfare and projection of power, thus escalating the demand for submarine-launched missiles. Moreover, key players are focusing on extensive research and development (R&D) activities to enhance the capabilities, including range, accuracy, stealth, and payload capacity of submarine-launched missiles, which are positively influencing the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global submarine-launched missile market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on the type and application.Type Insights:
- Submarine-Launched Ballistic Missile (SLBM)
- Sea-Launched Cruise Missile (SLCM)
Application Insights:
- National Defense
- Technical Research
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global submarine-launched missile market. Also, detailed profiles of all major companies have been provided. Some of the companies covered include BAE Systems Plc, BrahMos Aerospace, General Dynamic Corporation, Lockheed Martin Corporation, MBDA, Raytheon Technologies Corporation, The Boeing Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global submarine-launched missile market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global submarine-launched missile market?
- What is the impact of each driver, restraint, and opportunity on the global submarine launched missile market?
- What are the key regional markets?
- Which countries represent the most attractive submarine-launched missile market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the submarine-launched missile market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the submarine-launched missile market?
- What is the competitive structure of the global submarine-launched missile market?
- Who are the key players/companies in the global submarine-launched missile market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Submarine-Launched Missile Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BAE Systems Plc
- BrahMos Aerospace
- General Dynamic Corporation
- Lockheed Martin Corporation
- MBDA
- Raytheon Technologies Corporation
- The Boeing Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 330.5 Million |
| Forecasted Market Value ( USD | $ 504.6 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
