Anti Submarine Rocket Launch System Market
Anti-Submarine Rocket Launch System Market Forecasts to 2030 - Global Analysis By Type (Rocket-propelled, Missile-based, Torpedo-based, Ground-based and Other Types), Range, Payload, Application, End User and By Geography
According to Stratistics MRC, the Global Anti-Submarine Rocket Launch System Market is accounted for $6.68 billion in 2023 and is expected to reach $14.96 billion by 2030 growing at a CAGR of 12.2% during the forecast period. Anti-submarine rocket launch systems are vital components of naval defense, designed to detect and neutralize underwater threats posed by submarines. These systems typically consist of rockets equipped with advanced sensors and guidance systems, capable of accurately locating and engaging hostile submarines from surface vessels or aircraft. Utilizing sophisticated technology and tactics, they play a crucial role in ensuring maritime security and protecting naval assets.
According to defence news 2021, US Navy planning to start shipbuilding on two to possibly three Virginia-class attack subs per year, and roughly one Columbia-class submarine per year until around 2035.
Market Dynamics:
Driver:
Growing threat of submarine warfare
The growing threat of submarine warfare has fuelled the development of ASRLS. These systems serve as a crucial defense mechanism against submerged threats, leveraging cutting-edge technology to detect, track, and neutralize hostile submarines. ASRLS enhances maritime security by providing rapid and precise response capabilities, thereby deterring potential aggressors and safeguarding strategic interests. With the increasing sophistication of submarine tactics, ASRLS represents a vital component in maintaining superiority in underwater warfare scenarios, ensuring the protection of vital sea lanes and maritime assets.
Restraint:
Complexity of operations
The complexity of operations in ASRLS stems from the need for seamless integration of various technologies, including sensors, communication systems, and advanced targeting mechanisms. Additionally, the intricate nature of ASRLS necessitates continuous upgrades and maintenance, further adding to the overall cost of ownership. This complexity increases development costs, training requirements, and operational challenges. As a result, adoption rates may be hindered, limiting market growth.
Opportunity:
Modernization of naval forces
As nations upgrade their naval capabilities to counter evolving maritime threats, there's an increased focus on anti-submarine warfare systems. ASRLS, with its advanced detection and neutralization capabilities, becomes an integral part of these modernization efforts. Governments invest in ASRLS to enhance their naval superiority, safeguard vital sea lanes, and protect maritime interests, thereby stimulating market growth and fostering innovation in underwater defense technologies.
Threat:
High development costs
ASRLS consist high development costs due to the complexity of the technology involved, requiring extensive research, development, and testing phases. Sophisticated sensors, communication systems, and precision targeting mechanisms contribute significantly to these costs. Additionally, stringent regulatory requirements and safety standards add to the financial burden. These high development costs result in elevated product pricing, limiting affordability for potential buyers and hampering the market growth.
Covid-19 Impact
The covid-19 pandemic has impacted the anti-submarine rocket launch system market by disrupting supply chains, delaying procurement programs, and affecting defense budgets globally. Additionally, economic uncertainties have prompted some countries to reprioritize spending away from defense, potentially limiting investments in anti-submarine warfare capabilities. However, the heightened focus on maritime security in response to geopolitical tensions could offset some of these impacts, driving demand for anti-submarine rocket launch systems in the long term.
The rocket-propelled segment is expected to be the largest during the forecast period
The rocket-propelled segment is estimated to have a lucrative growth. Rocket-propelled ASRLS utilize rockets as propulsion to deploy anti-submarine munitions. These systems offer rapid deployment and long-range capabilities, enabling effective engagement of underwater threats such as submarines. Equipped with advanced sensors and guidance systems, rocket-propelled ASRLS can accurately detect and track targets, delivering payloads with precision. Rocket-propelled ASRLS play a crucial role in safeguarding maritime assets and maintaining naval superiority in contested waters.
The coast guard & homeland security segment is expected to have the highest CAGR during the forecast period
The coast guard & homeland security segment is anticipated to witness the highest CAGR growth during the forecast period. ASRLS integrated into coastal defense installations and patrol vessels, bolster surveillance and deterrence capabilities in littoral regions. They enable early detection and tracking of hostile submarines, safeguarding critical coastal infrastructure and maritime borders. By deploying precision-guided munitions, they ensure swift and effective neutralization of underwater threats, thereby supporting the coast guard and homeland security agencies in maintaining maritime sovereignty and protecting national interests.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to its escalating maritime tensions and territorial disputes. Countries such as China, India, Japan, and South Korea are bolstering their naval capabilities to safeguard their interests in strategic waterways. Additionally, rising defense budgets and modernization initiatives in the region contribute to the expansion of the market. Collaboration among regional and international defense contractors further stimulates innovation and competition in the Asia Pacific market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the region's extensive maritime interests and security concerns. Countries like the United Kingdom, France, Germany, and Italy are modernizing their naval forces to address evolving submarine threats in the Atlantic and Mediterranean regions. Additionally, initiatives such as the European Defense Fund and NATO's cooperative defense efforts bolster investment and development in advanced anti-submarine rocket launch systems, ensuring the region's readiness to counter maritime threats.
Key players in the market
Some of the key players profiled in the Anti-Submarine Rocket Launch System Market include Lockheed Martin Corporation, BAE Systems PLC, Raytheon Technologies Corporation, Saab AB, Thales Group, Leonardo S.p.A., Naval Group, Rafael Advanced Defense Systems Limited, MBDA, General Dynamics Corporation, Northrop Grumman Corporation, L3Harris Technologies Inc, Israel Aerospace Industries Limited, Bharat Dynamics Limited, Mitsubishi Heavy Industries Limited, Babcock International Group, Kongsberg Gruppen ASA and Rheinmetall AG.
Key Developments:
In September 2023, Lockheed Martin, supporting the U.S. Navy, marked the successful launch of one Trident II D5 Life Extension Fleet Ballistic Missile (FBM). The D5 missile, built and upgraded for the Navy, is the three-stage, solid-propellant, inertial-guided ballistic missile that can travel a nominal range of 4,000 nautical miles and carries multiple independently targeted re-entry vehicles.
In July 2023, BAE Systems designed the Next Generation Evolved SeaSparrow Missile Launch System (NGELS). The system will support the fielding of the latest and most highly-capable ESSM missile, the Block 2 variant, a multi-role surface-to-air and surface-to-surface missile capable of protecting aircraft carriers and other flat-decked ships against advanced air and surface threats.
Types Covered:
• Rocket-propelled
• Missile-based
• Torpedo-based
• Ground-based
• Other Types
Ranges Covered:
• Short-range ASRLS
• Medium-range ASRLS
• Long-range ASRLS
Payloads Covered:
• Conventional Warheads
• Torpedoes
• Depth Charges
• Non-Lethal Payloads
• Other Payloads
Applications Covered:
• Naval Vessels
• Submarines
• Maritime Patrol Aircraft
• Coast Guard & Homeland Security
• Naval Special Operations
• Other Applications
End Users Covered:
• Military
• Law Enforcement Agencies
• Border Security Agencies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Anti-Submarine Rocket Launch System Market, By Type
5.1 Introduction
5.2 Rocket-propelled
5.3 Missile-based
5.4 Torpedo-based
5.5 Ground-based
5.6 Other Types
6 Global Anti-Submarine Rocket Launch System Market, By Range
6.1 Introduction
6.2 Short-range ASRLS
6.3 Medium-range ASRLS
6.4 Long-range ASRLS
7 Global Anti-Submarine Rocket Launch System Market, By Payload
7.1 Introduction
7.2 Conventional Warheads
7.3 Torpedoes
7.4 Depth Charges
7.5 Non-Lethal Payloads
7.6 Other Payloads
8 Global Anti-Submarine Rocket Launch System Market, By Application
8.1 Introduction
8.2 Naval Vessels
8.3 Submarines
8.4 Maritime Patrol Aircraft
8.5 Coast Guard & Homeland Security
8.6 Naval Special Operations
8.7 Other Applications
9 Global Anti-Submarine Rocket Launch System Market, By End User
9.1 Introduction
9.2 Military
9.3 Law Enforcement Agencies
9.4 Border Security Agencies
9.5 Other End Users
10 Global Anti-Submarine Rocket Launch System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Lockheed Martin Corporation
12.2 BAE Systems PLC
12.3 Raytheon Technologies Corporation
12.4 Saab AB
12.5 Thales Group
12.6 Leonardo S.p.A.
12.7 Naval Group
12.8 Rafael Advanced Defense Systems Limited
12.9 MBDA
12.10 General Dynamics Corporation
12.11 Northrop Grumman Corporation
12.12 L3Harris Technologies Inc
12.13 Israel Aerospace Industries Limited
12.14 Bharat Dynamics Limited
12.15 Mitsubishi Heavy Industries Limited
12.16 Babcock International Group
12.17 Kongsberg Gruppen ASA
12.18 Rheinmetall AG
List of Tables
1 Global Anti-Submarine Rocket Launch System Market Outlook, By Region (2021-2030) ($MN)
2 Global Anti-Submarine Rocket Launch System Market Outlook, By Type (2021-2030) ($MN)
3 Global Anti-Submarine Rocket Launch System Market Outlook, By Rocket-propelled (2021-2030) ($MN)
4 Global Anti-Submarine Rocket Launch System Market Outlook, By Missile-based (2021-2030) ($MN)
5 Global Anti-Submarine Rocket Launch System Market Outlook, By Torpedo-based (2021-2030) ($MN)
6 Global Anti-Submarine Rocket Launch System Market Outlook, By Ground-based (2021-2030) ($MN)
7 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Anti-Submarine Rocket Launch System Market Outlook, By Range (2021-2030) ($MN)
9 Global Anti-Submarine Rocket Launch System Market Outlook, By Short-range ASRLS (2021-2030) ($MN)
10 Global Anti-Submarine Rocket Launch System Market Outlook, By Medium-range ASRLS (2021-2030) ($MN)
11 Global Anti-Submarine Rocket Launch System Market Outlook, By Long-range ASRLS (2021-2030) ($MN)
12 Global Anti-Submarine Rocket Launch System Market Outlook, By Payload (2021-2030) ($MN)
13 Global Anti-Submarine Rocket Launch System Market Outlook, By Conventional Warheads (2021-2030) ($MN)
14 Global Anti-Submarine Rocket Launch System Market Outlook, By Torpedoes (2021-2030) ($MN)
15 Global Anti-Submarine Rocket Launch System Market Outlook, By Depth Charges (2021-2030) ($MN)
16 Global Anti-Submarine Rocket Launch System Market Outlook, By Non-Lethal Payloads (2021-2030) ($MN)
17 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Payloads (2021-2030) ($MN)
18 Global Anti-Submarine Rocket Launch System Market Outlook, By Application (2021-2030) ($MN)
19 Global Anti-Submarine Rocket Launch System Market Outlook, By Naval Vessels (2021-2030) ($MN)
20 Global Anti-Submarine Rocket Launch System Market Outlook, By Submarines (2021-2030) ($MN)
21 Global Anti-Submarine Rocket Launch System Market Outlook, By Maritime Patrol Aircraft (2021-2030) ($MN)
22 Global Anti-Submarine Rocket Launch System Market Outlook, By Coast Guard & Homeland Security (2021-2030) ($MN)
23 Global Anti-Submarine Rocket Launch System Market Outlook, By Naval Special Operations (2021-2030) ($MN)
24 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Anti-Submarine Rocket Launch System Market Outlook, By End User (2021-2030) ($MN)
26 Global Anti-Submarine Rocket Launch System Market Outlook, By Military (2021-2030) ($MN)
27 Global Anti-Submarine Rocket Launch System Market Outlook, By Law Enforcement Agencies (2021-2030) ($MN)
28 Global Anti-Submarine Rocket Launch System Market Outlook, By Border Security Agencies (2021-2030) ($MN)
29 Global Anti-Submarine Rocket Launch System Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
