Global Submarine Launched Missile Market 2021-2026

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    GLOBAL SUBMARINE LAUNCHED MISSILE MARKET

     

    KEY FINDINGS

     

    1.The global submarine-launched missile market is anticipated to grow at a steady rate and Increasing investments in the development of submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years.

     

    2.Growing need for countries to maintain their competitiveness will lead to the extensive development of advanced submarine-launched missiles. Also, various regions such as the Americas and Europe are increasing their investments in the development of submarine-launched missiles to strengthen their submarine forces.

     

    3.Moreover, such investments will help in the development, maintenance, and procurement of various missile systems. For instance, in 2016, post the announcement of the modernization of the US nuclear forces, Russia commissioned designers to design and develop Sarmat, an advanced SLBM, by 2020.

     

    4.Maritime missile launch systems are becoming a critical element of security and are utilized in countering potential sea-based attacks. Several nations around the world have launched and implemented policies related to modernizing their naval forces.

     

     

    INTRODUCTION

    There has been a dramatic rise in adoption of maritime missile launch systems for detection and destruction of ships and submarines that try to illegally enter restricted water zones across the globe. Lack of reliable security systems and modernization initiatives result in a tremendous rise in instances related to security breach at naval bases.

     

     

    Rise in demand for detection and destruction of illegal ships and submarines has become a key factor to ensure overall national security, which fuels the market growth. The market is divided on the basis of system, mode, launch type, and region. By system, the market is divided into vertical launching systems, single cell launcher, and vertical launch anti-submarine.

     

     

    Vertical missile launching systems have changed naval warfare for the past 30 years by giving an ever-growing launch ability to retaliate to a variety of theater-based threats. These systems have altered the way all naval forces think regarding deep-water-based missile launch systems, owing to their unmatched performance and adaptability.

     

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     Vertical missile firing system has become a reliable defense system of fleets across the globe due to its ability to respond to various aerial, surface, and subsurface threats at the same time. Owing to high efficiency and reliability, use of vertical missile launching systems is expected to grow considerably in the future.

     

    Recent advancements in ballistic missile defense technology have given the vertical launching system of the U.S. Navy a new and enlarged duty. With consistent fruitful intercepts of complex targets, the U.S.-made Aegis Weapon System that comprises VLS, a weapon control system, a radar, and different classes of missiles, has reformulated its naval strategy.

     

    Many next-generation Aegis-armed vessels are being manufactured or modified with ballistic missile defense (BMD) capability, in addition to performing conventional navy-specific roles of air, surface, and subsurface defense. The Aegis BMD ability has proven quite successful and the U.S. The Navy has adopted a gradual adaptive approach to BMD.

     

    FACTORS CONTRIBUTING THE GROWTH OF GLOBAL SUBMARINES LAUNCHED MARKET

     

    As maritime security is one of the most critical defense units, naval modernization initiatives can be witnessed throughout the world. Naval modernization program includes a wide range of ships, airplane, and missile procurement plans, in addition to enhancements in upkeep and logistics, personnel education, and training.

     

     Navy modernization initiatives in China are aimed at increasing competencies for handling any unfortunate set of events or for achieving a greater degree of control over China’s near-seas region, protecting China’s commercial sea lines of communication (SLOCs), principally those connecting China to the Persian Gulf; for challenging impact of the U.S.

     

    In June 2021, the U.S. The Navy publicized a long-duration Navy ship-building document that presents the U.S. government’s evolving replacement to the 355-ship force-level objective. Their planned 2022 financial year budget seeks purchase of 8 new vessels, including one Constellation (FFG-62) class frigate. one Arleigh Burke (DDG-51) class destroyer; and 2 Virginia-class attack submarines (SSNs).

     

    Rise in modernization programs in one of the largest navies in the world is expected to propel growth of the global maritime missile launch system market during the forecast period. High cost of maritime missile launch systems .High costs associated with missile launch systems leads to adoption of such systems only by countries that have a high budget spending.

     

    The world has witnessed closure of projects involving missile launch systems that incurred high costs. For instance, in the 1970s, the U.S. Army successfully developed and deployed the Safeguard Program- a U.S. Army’s anti-ballistic missile system in the North Dakota region at a price of $23 billion, excluding the cost of developing nuclear missiles.

     

    It was shut in just months and the Department of Defense shut it down as it was too costly to operate, and did not contribute much to ensure U.S. security. Hence, costs continue to play a vital role in the success or failure of missile defense programs globally, which is expected to limit growth of the global maritime missile launch system market during the forecast period.

     

    COVID IMPACT ON GLOBAL SUBMARINES LAUNCHED MARKET

    The rapid spread of COVID-19 had a significant impact on the global maritime missile launch system market in 2020, owing to the implementation of strict lockdown measures across the world.

     

     

    COVID-19 pandemic led to several challenges for the maritime missile launch system industry such as disruption in the supply chain of raw materials, logistics challenges, and others.

     

    On the other hand, the missile launch system manufacturers had to reduce expansion and R&D investments to withstand the decline in revenue and operating performance of the defense industry. The delay in purchase orders and slow production rate were some of the challenges observed in the maritime missile launch market throughout the year, and are expected to continue for a few years.

     

    Development of advanced maritime missile launch technologies has become critical, owing to the exponential rise in illegal entry of submarines in restricted international waters. The need for maritime missile launch systems for checking illegal entry of submarines and ships is on the rise, owing to the rise in conflicts between different nations worldwide.

     

    Maritime missile launch systems are becoming a critical element of security and are utilized in countering potential sea-based attacks. Several nations around the world have launched and implemented policies related to modernizing their naval forces.

     

    • The COVID-19 impact on the maritime missile launch system market is unpredictable, and is expected to remain in force till the fourth quarter of 2021.

     

    • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of non-essential items for most of 2020. This led to sudden fall in availability of important raw materials.

     

    • Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

     

    • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative maritime missile launch systems globally.

     

    TERRITORIAL CONFLICTS IMPACT ON GLOBAL SUBMARINE LAUNCHED MISSILE MARKET

    Six countries lay overlapping rights to the South and East China Seas, which is an area that is abundant in natural gas and hydrocarbons, and via which trillions of dollars of international trade flow happen annually. As China enlarges its naval dominance and constructs military bases on man-made islands.

     

    It has been met by increasing forcefulness from other regional claimants such as Japan, Vietnam, and the Philippines. Frequent standoffs in the disputed area happen in the area ranging from the Senkaku/Diaoyu Islands on eastern edge of China to the long stretch of archipelagos in the South China Sea that encompass hundreds of islands.

     

    The U.S. has also built up its military activities and maritime presence in the seas, indicating its raised role in clashes, which, if not handled properly, might turn part of Asia’s naval regions from flourishing trade channels into grounds of continuous conflicts.

     

    SUBMARINE LAUNCHED MISSILE MARKET SEGMENTATION

     

    By System

    • Vertical Launching System
    • Single Cell Launcher
    • Vertical Launch Anti-Submarine

     

    By Mode

    • On-Surface
    • Submarine

     

    By Launch Type

    • Hot Launch
    • Cold Launch
    • Concentric Canister Launch

     

    By Region

    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa

     

    COMPETITIVE LANDSCAPE

    According to the research analysis, the global submarine missile launch market is highly competitive due to the presence of many global, regional, and local vendors operating in the market.

     

    Intense competition, frequent changes in government policies, rapid advances in technology, and environmental regulations are key factors that determine this market’s growth.

     

    In addition, in-house manufacturing capabilities, product offerings, global footprint network, client bases, and R&D investments are key areas that all vendors focus on to gain a competitive advantage over their counterparts.

     

    Vendors compete with each other based on cost, reliability, product quality, and aftermarket services. Providing cost-effective and high-quality submarine-launched missiles is crucial for vendors’ operations, in order to survive and succeed in such an intensely competitive market.

     

    Airbus Defense and Space engages in designing, developing, and manufacturing of space and defense products for governments and other institutions. It operates military aircraft space systems i.e. communications, intelligence, and security (CIS); and electronics business lines.

     

    In the global submarine-launched missile market, Airbus Defense and Space was involved in the development of the M51 and M45 missiles, which are used by submarines of several countries around the globe.

     

    Boeing Defense, Space & Security, along with its subsidiaries, engages in the aerospace and defense businesses across the world. The company developed Harpoon, the anti-ship ballistic missiles, which are being used by various submarines of several defense authorities across the globe.

     

    BrahMos Aerospace is a joint venture between the Defence Research and Development Organisation (DRDO), India, and the Federal State Unitary Enterprise NPO Mashinostroyenia (NPOM), Russia.

     

     

    The company developed the BrahMos missile which has a speed of Mach 2.8-Mach 3 and weighs approximately 6,600 pounds. It can be launched from a ship-based platform, land-based vehicle, or submarine. The air launch of BrahMos is currently being tested and evaluated.

     

    Lockheed Martin engages in the production, supply, and R&D of advanced technology systems, products, and services to global defense and aerospace industries. The company developed Trident II (D5) submarine-launched ballistic missile (SLBM), which would be integrated with the Ohio-class submarines and Vanguard-class submarines.

     

    Raytheon provides its solutions to the defense and other government markets across the world. The company developed the Tomahawk submarine-launched cruise missile (SLCM), which is integrated with several nuclear-powered submarines such as Virginia-class and Los Angeles-class submarines.

     

    KEY PLAYERS

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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