Maritime Missile Launch System Market Share & Growth [2031]
Maritime Missile Launch System Market Share & Growth [2031]
Segments - Maritime Missile Launch System Market by Launch Type (Cold Launch, Hot Launch, and Concentric Canister Launch), System (Single Cell Launcher, Vertical Launching System, and Vertical Launch Anti-submarine), Mode (Submarine and On-surface), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AD-5209
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Report Description
The global maritime missile launch system market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is characterized by the rising border conflicts in international waters and the subsequent need for formidable and efficient naval combat systems.
Sea has been considered a life force of economic prosperity. The maritime interests of nations lie in the fact that major trade routes pass through various seas. Supply chain crises are largely characterized by maritime confrontation and international water disputes. Maritime strategies adopted by the navies are aimed at providing protection to trade routes, territorial waters, and the high seas. Naval defense equipment such as munitions, aircraft, watercraft, small arms, and maritime missile launch systems provide a protective shield to the cargo and passenger ships, prevent spying, and illegal activities in the seawaters.
Maritime missile launch are advanced systems that could be deployed on different warships, aircraft, watercraft, and submarines to defend or attack enemy missiles. In an operational scenario, the maritime missile launch systems counter various surface, aerial, and submerged threats such as submarines, small unmanned aerial vehicle (SUAV), and drones.
The COVID-19 pandemic hampered the market due to strict lockdown and subsequent logistical challenges and supply chain disruptions of raw materials required to manufacture maritime missile launch systems. The government in some economies increased their spending on healthcare infrastructure instead of the defense sector. The fund allocation for research and development of the defence systems substantially reduced due to budget restraints.
Maritime Missile Launch System Market Dynamics
Drivers
Rising need for establishing military dominance in the seas is anticipated to drive the market. Infiltration through sea routes for smuggling and illegal trespassing through the sea for spying and attacking military establishments or citizens is a common occurrence on disputed borders. Missile launch systems neutralize sea-borne threats with the help of maritime missile launch systems.
Restraints
High cost of maritime missile launch systems is likely to hinder the market. The cost designing the hardware and embedding the algorithms for the efficient functioning of the maritime missile launch systems is high. The sourcing cost of raw materials required to manufacture maritime missile launch systems fluctuates depending upon the market conditions.
Opportunities
Rising competition among nations for establishing military dominance in seawater and subsequent fund allocation for defense expenditures by governments are likely to create significant opportunities for the market. Navies across the globe are revising maritime strategies to counter military confrontation, infiltration, and smuggling activities. Military establishments rely on maritime missile launch systems to ensure battlespace superiority over enemies.
Scope of Maritime Missile Launch System Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Maritime Missile Launch System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Cold Launch, Hot Launch, and Concentric Canister Launch), System (Single Cell Launcher, Vertical Launching System, and Vertical Launch Anti-submarine), and Mode (Submarine and On-surface) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Lockheed Martin Corporation; BAE Systems plc; Konsberg Gruppen ASA; Aselsan A.Ş.; General Dynamics Mission Systems, Inc.; Raytheon Technologies Corporation; Saab AB and Rafael Advanced Defense Systems Ltd. |
Maritime Missile Launch System Market Segment Insights
Based on type, the maritime missile launch system market is segmented into cold launch, hot launch, and concentric canister launch. The cold launch segment is expected to expand at a significant growth rate during the projection period owing to an extended striking range of missiles and quick reaction time.
On the basis of system, the global market is segregated into single cell launcher, vertical launching system, and vertical launch anti-submarine. The vertical launching system segment is projected to register a considerable CAGR during the forecast period due to quick reaction time and modular design. These systems have enhanced payloads, propulsion, and rapid-fire capability.
On the basis of mode, the maritime missile launch system market is segmented into submarine and on-surface. The on-surface segment is expected to register a robust growth rate during the forecast period owing to the feasibility and flexibility provided by on-surface maritime missile launch systems. The on-surface maritime missile launch system is deployed from multiple launch platforms.
In terms of region, the global maritime missile launch system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to the rising emphasis on modernizing maritime defense capabilities. The US Navy and coast guard constantly upgrade defense mechanisms to counter seaborne threats.
Segments
The maritime missile launch system market has been segmented on the basis of
Launch Type
- Cold Launch
- Hot Launch
- Concentric Canister Launch
System
- Single Cell Launcher
- Vertical Launching System
- Vertical Launch Anti-submarine
Mode
- Submarine
- On-surface
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Lockheed Martin Corporation
- BAE Systems plc
- Konsberg Gruppen ASA
- Aselsan A.Ş.
- General Dynamics Mission Systems, Inc.
- Raytheon Technologies Corporation
- SaaB AB
- Rafael Advanced Defense Systems Ltd.
Competitive Landscape
Key players competing in the maritime missile launch system market are Lockheed Martin Corporation; BAE Systems plc; Konsberg Gruppen ASA; Aselsan A.Ş.; General Dynamics Mission Systems, Inc.; Raytheon Technologies Corporation; Saab AB; and Rafael Advanced Defense Systems Ltd.
These companies adopt various development strategies including improvement programs, partnerships, collaboration, mergers, acquisitions, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In June 2021, Lockheed Martin Corporation announced that it is investing in advanced IAMD capabilities to enhance defense against maritime threats with the help of advanced technology including maritime missile launch systems. Lockheed Martin Corporation is engaged in developing advanced integrated missile defense systems to provide protective shield to sailors in an operational scenario such as battle or war.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Maritime Missile Launch System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Maritime Missile Launch System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Maritime Missile Launch System Market - Supply Chain
4.5. Global Maritime Missile Launch System Market Forecast
4.5.1. Maritime Missile Launch System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Maritime Missile Launch System Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Maritime Missile Launch System Market Absolute $ Opportunity
5. Global Maritime Missile Launch System Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Maritime Missile Launch System Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Maritime Missile Launch System Demand Share Forecast, 2019-2026
6. North America Maritime Missile Launch System Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Maritime Missile Launch System Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Maritime Missile Launch System Demand Share Forecast, 2019-2026
7. Latin America Maritime Missile Launch System Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Maritime Missile Launch System Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Maritime Missile Launch System Demand Share Forecast, 2019-2026
8. Europe Maritime Missile Launch System Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Maritime Missile Launch System Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Maritime Missile Launch System Demand Share Forecast, 2019-2026
9. Asia Pacific Maritime Missile Launch System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Maritime Missile Launch System Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Maritime Missile Launch System Demand Share Forecast, 2019-2026
10. Middle East & Africa Maritime Missile Launch System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Maritime Missile Launch System Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Maritime Missile Launch System Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Maritime Missile Launch System Market: Market Share Analysis
11.2. Maritime Missile Launch System Distributors and Customers
11.3. Maritime Missile Launch System Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Lockheed Martin Corporation
11.4.2. BAE Systems plc
11.4.3. Konsberg Gruppen ASA
11.4.4. Aselsan A.Ş.
11.4.5. General Dynamics Mission Systems, Inc.
11.4.6. Raytheon Technologies Corporation
11.4.7. SaaB AB
11.4.8. Rafael Advanced Defense Systems Ltd.
Methodology
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