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Submarine Launched Missile Market Research Report Information 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


ID: MRFR/A&D/3196-HCR | 100 Pages | Author: Sejal Akre| May 2024

Global Submarine Launched Missile Market Overview


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


A submarine-launched missile can be launched from a submarine, water to air, or water to the ground. Submarine-launched missiles are categorized into ballistic missiles (SLBMs) and cruise missiles (SLCMs). SLCMs can be launched in a low-altitude trajectory, whereas SLBMs are launched vertically. The global submarine-launched missile market is anticipated to register a CAGR of about 7% during the forecast period. The major driver for the market is the rising focus of countries on fortifying security measures while developing modified versions of military weaponry and hardware. There is a rising need for the defense authorities of various countries, to engage in combat capabilities, and to exercise enhanced control over the country’s border or neighboring countries.


Segmentation of the Submarine Launched Missile Market


MRFR segments the global submarine launched missile market based on type, application, and region. Based on type, submarine-launched cruise missile (SLCM) segment accounted for the largest market share of 67.36% in 2018 and is projected to show a CAGR of 8.69% during the forecast period. Based on application, national defense segment is anticipated to register the highest CAGR  2018 due to rising territorial dispute among the countries. Based on region, Asia-Pacific has the largest demand for the submarine launched missile market. The aircraft turbofan engine market is emerging China, India, and Japan, among other countries, and is projected to grow at a high rate due to the rising naval spending during the forecast period. North America leads the global submarine-launched missile market in terms of government spending and technological advancements, thereby generating a very high demand for submarine-launched missiles. Although Canada invests significantly in the development of such missiles, the market is primarily driven by the US.


Recent Development


On September 27, 2023, Lockheed Martin successfully launched an unarmed Trident II D5 Life Extension Fleet Ballistic Missile (FBM) as part of Demonstration and Shakedown Operation-32 (DASO-32) with the U.S. Navy.

Key Players


The key players in the submarine launched missile market are Airbus Defense and Space (Germany), Boeing Defense (US), BrahMos Aerospace Limited (India), Lockheed Martin Corporation (US), Raytheon Company (US), BAE Systems (UK), General Dynamics (UK), MBDA (France), and Moscow Institute of Thermal Technology (Russia).


Research Methodology


The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:


Company Profiles


In-depth profiling of additional market players (3 to 4 companies)


Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • OEMs

  • Equipment/system suppliers

  • Potential investors

  • Key executive and strategy growth manager

  • End users

  • Technology investors

  • Government institutions

  • Consultancy firms

Frequently Asked Questions (FAQ) :

The APAC region is estimated to dictate the development of the market on a global scale.

An astonishing income level is foreseen from the global market in the years ahead.

A 7% CAGR is estimated to lend a definitive edge t market progress.

General Dynamics (UK), Raytheon Company (US), BAE Systems (UK) are forecasted to be the eminent contenders in the market.

The spike in refreshing security measures due to international stress is predicted to stimulate the market.

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