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

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


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
Table 1 Global Anti-Submarine Rocket Launch System Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Anti-Submarine Rocket Launch System Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Anti-Submarine Rocket Launch System Market Outlook, By Rocket-propelled (2021-2030) ($MN)
Table 4 Global Anti-Submarine Rocket Launch System Market Outlook, By Missile-based (2021-2030) ($MN)
Table 5 Global Anti-Submarine Rocket Launch System Market Outlook, By Torpedo-based (2021-2030) ($MN)
Table 6 Global Anti-Submarine Rocket Launch System Market Outlook, By Ground-based (2021-2030) ($MN)
Table 7 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Types (2021-2030) ($MN)
Table 8 Global Anti-Submarine Rocket Launch System Market Outlook, By Range (2021-2030) ($MN)
Table 9 Global Anti-Submarine Rocket Launch System Market Outlook, By Short-range ASRLS (2021-2030) ($MN)
Table 10 Global Anti-Submarine Rocket Launch System Market Outlook, By Medium-range ASRLS (2021-2030) ($MN)
Table 11 Global Anti-Submarine Rocket Launch System Market Outlook, By Long-range ASRLS (2021-2030) ($MN)
Table 12 Global Anti-Submarine Rocket Launch System Market Outlook, By Payload (2021-2030) ($MN)
Table 13 Global Anti-Submarine Rocket Launch System Market Outlook, By Conventional Warheads (2021-2030) ($MN)
Table 14 Global Anti-Submarine Rocket Launch System Market Outlook, By Torpedoes (2021-2030) ($MN)
Table 15 Global Anti-Submarine Rocket Launch System Market Outlook, By Depth Charges (2021-2030) ($MN)
Table 16 Global Anti-Submarine Rocket Launch System Market Outlook, By Non-Lethal Payloads (2021-2030) ($MN)
Table 17 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Payloads (2021-2030) ($MN)
Table 18 Global Anti-Submarine Rocket Launch System Market Outlook, By Application (2021-2030) ($MN)
Table 19 Global Anti-Submarine Rocket Launch System Market Outlook, By Naval Vessels (2021-2030) ($MN)
Table 20 Global Anti-Submarine Rocket Launch System Market Outlook, By Submarines (2021-2030) ($MN)
Table 21 Global Anti-Submarine Rocket Launch System Market Outlook, By Maritime Patrol Aircraft (2021-2030) ($MN)
Table 22 Global Anti-Submarine Rocket Launch System Market Outlook, By Coast Guard & Homeland Security (2021-2030) ($MN)
Table 23 Global Anti-Submarine Rocket Launch System Market Outlook, By Naval Special Operations (2021-2030) ($MN)
Table 24 Global Anti-Submarine Rocket Launch System Market Outlook, By Other Applications (2021-2030) ($MN)
Table 25 Global Anti-Submarine Rocket Launch System Market Outlook, By End User (2021-2030) ($MN)
Table 26 Global Anti-Submarine Rocket Launch System Market Outlook, By Military (2021-2030) ($MN)
Table 27 Global Anti-Submarine Rocket Launch System Market Outlook, By Law Enforcement Agencies (2021-2030) ($MN)
Table 28 Global Anti-Submarine Rocket Launch System Market Outlook, By Border Security Agencies (2021-2030) ($MN)
Table 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.

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