Submarine Launched Missile Market 2017–2023: Global Drivers, Opportunities, Trends, and Forecasts

Market Highlights
The global submarine launched missile market has seen a potential growth over the past few years and it has been expected that the demand will grow similarly during the forecast period. A submarine-launched missile is a missile that can be launched from a submarine. Submarine-launched missiles are classified into two categories as ballistic missiles (SLBMs) and cruise missiles (SLCMs). While the SLBMs are launched vertically, the 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.

Scope of the Report
This study provides an overview of the global submarine launched missile market, tracking market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global submarine launched missile market by its type, and regions.
By Type
Submarine-launched cruise missile (SLCM)
Submarine-launched ballistic missile (SLBM)
By Region
North America
Asia Pacific
Europe
Latin America
Middle East & Africa

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Key Players

The prominent players in the submarine launched missile market include
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

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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