Submarine Launched Missile Market

Submarine Launched Missile Market Size is expected to reach USD 500.1 Million by 2030, registering a CAGR of 5.5% during 2020-2030.

The defense strategies of most countries rely significantly on their undersea warfare. With the emergence stealth attack submarines, the degree of undersea warfare has transformed. Also, the modernization and initiation of a number of submarine-launched missile programs add a new dimension to the submarine force. Therefore, undersea warfare is an important element of current and future military operational plans. China has started to deploy advanced nuclear attack and ballistic missile submarines throughout the world and is developing nuclear ballistic missiles in a bid to neutralize enemy units as well. In 2015, Saab developed Kockums A26, an advanced stealth submarine, which is 207 feet long and features a ghost mode to make it virtually undetectable when underwater. The vendor also signed a contract with the Swedish Navy, worth $1 billion, to develop two such submarines. In the same year, TKMS and Saab developed Horizontal Multi-Purpose Locks (HMPLs) and Vertical Multi-Purpose Locks (VMPLs), that were fitted into the A26 submarines, to carry a greater number of torpedoes, land-attack missiles, and anti-ship missiles. On the other hand, in 2016, North America has the highest share of the market; however, military budget cuts of the US will affect the market by 2023. The Budget Control Act (BCA) passed by the US Congress in 2011 aims to cut $487 billion from the overall military spending over the next 10 years, with an additional sequestration of $495 billion to address the short-term fiscal concerns.

Key Players

The prominent players in the Submarine Launched Missile Market Size include Airbus Defense and Space, Boeing Defense, Space and Security, BrahMos Aerospace Limited, Lockheed Martin, Raytheon, BAE Systems, General Dynamics, MBDA and Moscow Institute of Thermal Technology.

Market Research Analysis

In the recent years, there have been a large number of armed conflicts such as the Syrian Civil War, the India-Pakistan stalemate over Kashmir, the Lebanon conflict, the ongoing Israel-Palestine dispute, the Russia and Ukraine conflict over Crimea, and the conflicts between the US and North Korea.

With raging conflicts and growing extremist activities in several countries, there currently exists widespread humanitarian crises and instability. As a result, the defense authorities are focussing on having greater control over the surrounding and neighbouring seas of their respective countries.

Scope of the Report

This study provides an overview of the global Submarine Launched Missile Market Overview, tracking market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global submarine launched missile market by its type, and regions.

By Type

  •     Submarine-launched cruise missile (SLCM)
  •    Submarine-launched ballistic missile (SLBM)

By Region

  •          North America
  •          Asia Pacific
  •          Europe
  •          Latin America
  •         Middle East & Africa

Submarine Launched Missile Market Research Report: By Type (Submarine-launched cruise missile (SLCM) and Submarine-launched ballistic missile (SLBM), By Application (National Defense, Technical Research, and others), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2030

 

Related Links:

·       Aircraft Leasing Market: Information By Leasing Type (Wet Leasing (Aircraft, Crew, Maintenance and Insurance) and Dry Leasing) By Aircraft Type (Narrow-body, Wide-body and others), By Security Type (Asset-Backed Security (ABS) and Non-ABS) - Forecast till 2030

·       Helicopter Tourism Market Information Report by Tourism Type (Customized Tourism and General Tourism), Ownership (Fractional Ownership, Charter Service, and Joint ownership agreements) and region.

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com