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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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

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