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Global Submarine-launched Missile Market Demand 2017 Industry Research, Analysis, Trend, Forecast to 2021

Monday, January 9, 2017 6:14
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Market Research Report – the submarine launched missile market report discusses the major drivers influencing the market’s growth and the challenges faced by the vendors and the market at large. This report covers the present scenario and the growth prospects of the global submarine launched missile market for 2017-2021.

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The analysts forecast the global submarine launched missile market to grow at a CAGR of 4.74% during the period 2017-2021. Submarine-launched missiles are classified into two categories: ballistic missiles (SLBMs) and cruise missiles (SLCMs). While SLBMs are launched vertically, SLCMs are launched in a low-altitude trajectory. Submarines equipped with these missiles enhance undersea operations and are capable of countering enemy attacks.

Commenting on the submarine launched missile market report, an analyst said: “One trend in the market is 3D printed submarine-launched missiles. 3D printing is an evolving technology, which can be used to create and design a number of things. By using 3D printing technology, conventional methods like computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing can be bypassed. This technology can be used to print electronics directly onto 3D surfaces, such as on rocket engines, missile fins, and their guidance systems. It also reduces the size and weight of submarine-launched missile systems.

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The following companies are the key players in the global submarine launched missile market: Airbus Defense and Space, Boeing Defense, Space & Security, BrahMos Aerospace, Lockheed Martin, and Raytheon. Other Prominent Vendors in the market are: BAE Systems, General Dynamics, MBDA, and Moscow Institute of Thermal Technology.

According to the report, one driver in the market is rapid procurement of Tomahawk SLCMs. The Tomahawk land attack missile (TLAM) is an all-weather, long-range, and subsonic cruise missile, manufactured by Raytheon. The missile comprises a W80 nuclear warhead and is launched from the US Navy surface ships (RGM variant) and submarines (UGM variant). These missiles can fly into heavily defended airspace more than 1,000 miles away from the point of launch and precisely strike high-value targets with minimal collateral damage. For example, during the NATO-led invasion of Libya in 2011, the Tomahawk missile played a significant role in eliminating key targets of the region

The report, Global Submarine Launched Missile Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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