Global Submarine-launched Missile Market 2017-2021

Overview of the global submarine-launched missile market

The global submarine-launched missile market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. 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. The rising need for countries to maintain their competitiveness on a global level 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. 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.

The emergence of 3D printed submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years. At present, 3D printing technology is increasingly replacing conventional techniques such as the computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing. One of the major factors responsible for the growing popularity of 3D printing technology is its increasing use in printing electronics directly onto 3D surfaces, such as on rocket engines, missile fins, and their guidance systems. Also, since it reduces the size and weight of submarine-launched missile systems, it is highly preferred in the submarine industry. Some of the benefits of using of 3D-printed submarine-launched missiles are its cost efficiency, improved competence of missiles, just-in-time (JIT) manufacturing, optimized performance, and weight reduction.

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Competitive landscape and key vendors

The global submarine-launched missile market is highly diversified and competitive due to the presence of a large number of regional and international vendors across the globe. Some of the factors that determine the market opportunity for vendors are intense competition, frequent changes in government policies, rapid advances in technology, and environmental regulations. In addition, to gain a competitive advantage over the counterparts, these vendors are increasingly focusing on in-house manufacturing capabilities, product offerings, global footprint network, client bases, and research and development investments.

Key vendors in this market are -

• Airbus Defense and Space
• Boeing Defense
• Space & Security
• BrahMos Aerospace
• Lockheed Martin
• Raytheon

Other prominent vendors in the market include BAE Systems, General Dynamics, MBDA, and Moscow Institute of Thermal Technology.

Segmentation by type and analysis of the submarine-launched missile market

• SLBM
• SLCM

An SLBM segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing introduction of advanced submarines by navies of several countries that will further boost the demand for SLBMs.

Segmentation by end user and analysis of the submarine-launched missile market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. North America leads the global market in terms of expenditure and technological advancements and generates a very high demand for submarine-launched missiles.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global submarine-launched missile market?
• What are the key market trends impacting the growth of the global submarine-launched missile market?
• What are the challenges to market growth?
• Who are the key vendors in the global submarine-launched missile market?
• What are the market opportunities and threats faced by the vendors in the global submarine-launched missile market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global submarine-launched missile market?

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