Submarine Launched Missile Market 2018 Global key Leaders: Airbus Defense and Space, Boeing Defense, Space and Security, BrahMos Aerospace Limited, Lockheed Martin, Raytheon

Market Highlights:

Submarine-launched missiles are classified into two categories, as ballistic missiles (SLBMs) and cruise missiles (SLCMs). While the SLBMs are launched vertically, SLCMs are launched in a low-altitude trajectory. The submarines equipped with these missiles enhance the undersea operations and are capable of countering enemy attacks across the water. The changing nature of warfare has prompted countries to focus on fortifying security measures while developing advanced versions of military hardware and weaponry. An imperative need has emerged for the defense authorities to engage in stricter combat capabilities, and have stronger control over the surrounding or neighboring seas. As a result, there has been an emphasis on the need for submarine-launched missiles, which are increasingly being added to the inventories of the navies, globally.

It has been estimated that by 2020, approximately 160 new submarines will be developed and procured globally, and this would attract higher investments during the forecast period. Countries such as the US, the UK, Russia, China, South Korea, India, and Japan will increase their demand for submarine-launched missiles during the forecast period, owing to the increasing sea-based threats and maritime security concerns. The major vendors of the market such as Airbus Defense and Space, Boeing Defense, Space and Security, BrahMos Aerospace Limited, and Lockheed Martin, are expected to design advanced submarine-launched missiles with enhanced speed, accuracy, and improved effectiveness to cater the demand of these nations.
In the recent years, there have been a large number of armed conflicts such as the Syrian Civil War, the India-Pakistan stalemate over Kashmir, the Lebanon conflict, the ongoing Israel-Palestine dispute, the Russia and Ukraine conflict over Crimea, and the conflicts between the US and North Korea.

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Major Key Players

Airbus Defense and Space,
Boeing Defense,
Space and Security,
BrahMos Aerospace Limited,
Lockheed Martin,
Raytheon,
BAE Systems,
General Dynamics,
MBDA and Moscow Institute of Thermal Technology.

With raging conflicts and growing extremist activities in several countries, currently there is widespread humanitarian crises and instability. As a result, defense authorities are focusing on having greater control over the surrounding and neighboring seas of their respective countries.

For the purpose of this study, the global submarine launched missile market has been segmented on the basis of types, and regions. On the basis of type, the market has been divided as Submarine-launched cruise missile (SLCM) and Submarine-launched ballistic missile (SLBM).
On the other hand, in 2016, North America has the highest share of the market; however, military budget cuts of the US will affect the market by 2023. The Budget Control Act (BCA) passed by the US Congress in 2011 aims to cut $487 billion from the overall military spending over the next 10 years, with an additional sequestration of $495 billion to address the short-term fiscal concerns.

Market Research Analysis
In the recent years, there have been a large number of armed conflicts such as the Syrian Civil War, the India-Pakistan stalemate over Kashmir, the Lebanon conflict, the ongoing Israel-Palestine dispute, the Russia and Ukraine conflict over Crimea, and the conflicts between the US and North Korea.
With raging conflicts and growing extremist activities in several countries, there currently exists widespread humanitarian crises and instability. As a result, the defense authorities are focussing on having greater control over the surrounding and neighboring seas of their respective countries.

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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global submarine launched missile market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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