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Submarine-Launched Missile Market by Type (Submarine-Launched Ballistic Missile (SLBM), Sea-Launched Cruise Missile (SLCM)), Application (National Defense, Technical Research), and Region 2024-2032

March 2024 | 140 pages | ID: S7A367F6EA11EN
IMARC Group

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The global submarine-launched missile market size reached US$ 330.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 504.6 Million by 2032, exhibiting a growth rate (CAGR) of 4.67% during 2024-2032. 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.

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:
IMARC Group 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. Our report has categorized the market based on the type and application.

Type Insights:

Submarine-Launched Ballistic Missile (SLBM)
Sea-Launched Cruise Missile (SLCM)

The report has provided a detailed breakup and analysis of the submarine-launched missile market based on the type. This submarine-launched ballistic missile (SLBM) and sea-launched cruise missile (SLCM). According to the report, submarine-launched ballistic missile (SLBM) represented the largest segment.

Application Insights:

National Defense
Technical Research

A detailed breakup and analysis of the submarine-launched missile market based on the application has also been provided in the report. This includes national defense and 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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for submarine-launched missile. Some of the factors driving the North America submarine-launched missile market included increasing national security concerns, modernization in naval forces, development of enhanced submarine-launched missiles, etc.

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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SUBMARINE-LAUNCHED MISSILE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Submarine-Launched Ballistic Missile (SLBM)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Sea-Launched Cruise Missile (SLCM)
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 National Defense
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Technical Research
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 BAE Systems plc
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 BrahMos Aerospace
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3 General Dynamics Corporation
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4 Lockheed Martin Corporation.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 MBDA
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Raytheon Technologies Corporation
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 The Boeing Company
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

LIST OF TABLES

Table 1: Global: Submarine-Launched Missile Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Submarine-Launched Missile Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Submarine-Launched Missile Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Submarine-Launched Missile Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Submarine-Launched Missile Market: Competitive Structure
Table 6: Global: Submarine-Launched Missile Market: Key Players

LIST OF FIGURES

Figure 1: Global: Submarine-Launched Missile Market: Major Drivers and Challenges
Figure 2: Global: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Submarine-Launched Missile Market: Breakup by Type (in %), 2023
Figure 5: Global: Submarine-Launched Missile Market: Breakup by Application (in %), 2023
Figure 6: Global: Submarine-Launched Missile Market: Breakup by Region (in %), 2023
Figure 7: Global: Submarine-Launched Missile (Submarine-Launched Ballistic Missile (SLBM)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Submarine-Launched Missile (Submarine-Launched Ballistic Missile (SLBM)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Submarine-Launched Missile (Sea-Launched Cruise Missile (SLCM)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Submarine-Launched Missile (Sea-Launched Cruise Missile (SLCM)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Submarine-Launched Missile (National Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Submarine-Launched Missile (National Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Submarine-Launched Missile (Technical Research) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Submarine-Launched Missile (Technical Research) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: North America: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: United States: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: United States: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Canada: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Canada: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Asia-Pacific: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Asia-Pacific: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: China: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: China: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Japan: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Japan: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: India: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: India: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: South Korea: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: South Korea: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Australia: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Australia: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Indonesia: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Indonesia: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Others: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Others: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Europe: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Europe: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Germany: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Germany: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: France: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: France: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United Kingdom: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United Kingdom: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Italy: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Italy: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Spain: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Spain: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Russia: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Russia: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Latin America: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Latin America: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Brazil: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Brazil: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Mexico: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Mexico: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Middle East and Africa: Submarine-Launched Missile Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Middle East and Africa: Submarine-Launched Missile Market: Breakup by Country (in %), 2023
Figure 63: Middle East and Africa: Submarine-Launched Missile Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Global: Submarine-Launched Missile Industry: Drivers, Restraints, and Opportunities
Figure 65: Global: Submarine-Launched Missile Industry: Value Chain Analysis
Figure 66: Global: Submarine-Launched Missile Industry: Porter's Five Forces Analysis


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