Anti-Submarine Rocket Launch System (ASRLS) Market Size - By Product (Fixed, Portable), Range (Short-Range, Medium-Range, Long-Range), Platform (Surface Ships, Submarines, Aircraft), Guidance System (Guided ASRLS, Unguided ASRLS) & Forecast, 2024 - 2032

Anti-Submarine Rocket Launch System (ASRLS) Market Size - By Product (Fixed, Portable), Range (Short-Range, Medium-Range, Long-Range), Platform (Surface Ships, Submarines, Aircraft), Guidance System (Guided ASRLS, Unguided ASRLS) & Forecast, 2024 - 2032

Anti-Submarine Rocket Launch System (ASRLS) Market size is poised to expand at over 10% CAGR between 2024 and 2032, due to an increasing number of global naval modernization programs.

Multiple naval bodies worldwide are upgrading their fleets with advanced anti-submarine warfare (ASW) capabilities to counter the evolving underwater threats. ASRLS plays a pivotal role in these modernization efforts for offering swift and effective engagement of submarines. Countries, such as the U.S., China, Russia, and India are investing significantly in ASRLS to bolster their anti-submarine warfare (ASW) capabilities to provide naval vessels with the ability to detect, track, and neutralize submarines for enhancing maritime security, further contributing to their increasing adoption.

The ASRLS industry is segmented into product, range, platform, guidance system, and region.

Based on product, the market size from the portable segment is projected to record substantial growth from 2024-2032 due to the flexibility and rapid deployment for ASW operations offered in diverse maritime environments. These compact and lightweight systems can be easily carried and operated from smaller vessels, such as patrol boats, corvettes, and unmanned surface vessels (USVs). Several naval bodies are seeking versatile ASW solutions to counter evolving submarine threats, further surging the demand for portable anti-submarine rocket launch systems and propelling the segment growth.

In terms of platform, the anti-submarine rocket launch system market from the aircraft platform segment is anticipated to witness high demand between 2024 and 2032. These systems are integral to maritime patrol aircraft and helicopters as they provide the capability to detect and engage submarines from the air. With increasing maritime threats and the need to secure naval operations, demand for effective anti-submarine warfare solutions is rising. Furthermore, several naval organizations worldwide are modernizing their fleet and focusing on maritime security, fueling the segment growth.

Given the regional landscape, the Asia Pacific ASRLS industry generated considerable revenue in 2023 and is set to exhibit robust growth during 2024-2032. With increasing geopolitical tensions and maritime security concerns, countries in APAC are bolstering their naval capabilities, such as in ASW systems. For instance, in December 2022, the L&T Shipbuilding company in India launched the first vessel of the new category of anti-submarine warfare shallow watercraft (ASW SWC) for the Indian Navy. Major APAC countries including China, India, Japan, South Korea, and Australia are also investing in modernizing their naval fleets, subsequently amplifying the demand for advanced anti-submarine rocket launch systems in the region.