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    Submarine Launched Missile Market

    ID: MRFR/A&D/3196-HCR
    100 Pages
    Sejal Akre
    October 2025

    Submarine-Launched Missile Market Research Report By Type (Ballistic Missiles, Cruise Missiles, Hypersonic Missiles), By Launch Platform (Nuclear Submarines, Diesel-Electric Submarines, Multi-Role Submarines), By Target Type (Land Targets, Sea-Based Targets, Airborne Targets), By Payload (Conventional Warheads, Nuclear Warheads, Multiple Independently Targetable Reentry Vehicles) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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    Submarine Launched Missile Market Summary

    The Global Submarine-Launched Missile Market is projected to grow from 33.0 USD Billion in 2024 to 43.1 USD Billion by 2035, reflecting a steady demand for advanced military capabilities.

    Key Market Trends & Highlights

    Submarine-Launched Missile Key Trends and Highlights

    • The market is expected to exhibit a compound annual growth rate (CAGR) of 2.47% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 43.1 USD Billion, indicating a robust growth trajectory.
    • In 2024, the market is valued at 33.0 USD Billion, showcasing the current investment in submarine-launched missile technology.
    • Growing adoption of advanced military technologies due to increasing geopolitical tensions is a major market driver.

    Market Size & Forecast

    2024 Market Size 33.0 (USD Billion)
    2035 Market Size 43.1 (USD Billion)
    CAGR (2025-2035) 2.47%

    Major Players

    International Submarine Engineering, General Dynamics, Boeing, Saab, ABBMT Group, Navantia, Kongsberg Gruppen, Huntington Ingalls Industries, Northrop Grumman, Rafael Advanced Defense Systems, L3Harris Technologies, Lockheed Martin, Thales Group, MBDA, Raytheon Technologies

    Submarine Launched Missile Market Trends

    Growing geopolitical tensions and the need for improved defense capabilities among different nations are driving the significant expansion of the  submarine-launched missile market. Countries are investing in cutting-edge submarine technologies and weapons as a result of their prioritization of modernizing their naval forces.

    The necessity for secure national boundaries and deterrence is what is driving this change. Furthermore, the need for advanced weaponry systems that can be used secretly and over long distances is increasing as marine security continues to acquire importance.

    The development of next-generation missiles that integrate cutting-edge technology like artificial intelligence, better navigation systems, and greater stealth qualities presents substantial opportunities in this industry.

    It is anticipated that partnerships between government organizations and defense contractors would encourage innovation and produce fresh approaches to address the evolving nature of military threats.

    Additionally, emerging economies are starting to invest in submarine capabilities, opening up economic opportunities in areas that were traditionally controlled by powerful military nations.

    In recent times, there has been a noticeable trend toward greater interoperability among allied forces through joint exercises and shared technologies. This has led to an enhanced focus on multi-domain operations, where submarine-launched missiles play a vital role alongside other military assets.

    Additionally, the trend of increasing reliance on advanced simulation and training systems is reshaping how military personnel prepare for deploying these sophisticated weapons.

     Overall, the market is poised for transformation, with a consistent push toward modernization and an increasingly complex security environment driving demand for submarine-launched missile systems.

    The ongoing advancements in submarine-launched missile technology are poised to enhance naval deterrence capabilities, reflecting a strategic shift in maritime defense priorities.

    U.S. Department of Defense

    Submarine Launched Missile Market Drivers

    Geopolitical Tensions

    Geopolitical tensions are a significant driver of the Global Submarine-Launched Missile Market Industry. Ongoing conflicts and territorial disputes among nations have heightened the need for advanced military capabilities, particularly in submarine warfare. For instance, the South China Sea and Eastern Europe have become focal points for military posturing, prompting countries to enhance their deterrent capabilities. This environment of uncertainty is likely to lead to increased investments in submarine-launched missile systems, as nations aim to secure their interests and maintain a strategic advantage. Consequently, the market is poised for growth as countries respond to these geopolitical challenges.

    Increasing Defense Budgets

    The Global Submarine-Launched Missile Market Industry is experiencing growth driven by rising defense budgets across various nations. Countries are prioritizing the enhancement of their naval capabilities, particularly in the realm of submarine warfare. For instance, nations like the United States and China are significantly increasing their military expenditures, with the U.S. projected to allocate approximately 33.0 USD Billion to submarine-launched missile systems in 2024. This trend indicates a robust commitment to maintaining strategic deterrence and enhancing maritime security, thereby fostering a favorable environment for the Global Submarine-Launched Missile Market.

    Technological Advancements

    Technological advancements play a pivotal role in shaping the Global Submarine-Launched Missile Market Industry. Innovations in missile guidance systems, propulsion technologies, and stealth capabilities are enhancing the effectiveness and reliability of submarine-launched missiles. For example, the development of hypersonic missiles and advanced targeting systems is likely to redefine naval warfare strategies. These advancements not only improve the operational capabilities of submarines but also attract investments, as nations seek to modernize their fleets. As a result, the market is expected to witness a compound annual growth rate of 2.47% from 2025 to 2035, reflecting the impact of these technological innovations.

    Market Trends and Projections

    The Global Submarine-Launched Missile Market Industry is characterized by various trends and projections that indicate its future trajectory. The market is expected to grow steadily, with projections suggesting a compound annual growth rate of 2.47% from 2025 to 2035. This growth is underpinned by factors such as increasing defense budgets, technological advancements, and geopolitical tensions. As nations continue to invest in their naval capabilities, the market is likely to witness significant developments in missile technology and deployment strategies. The projected market value of 43.1 USD Billion by 2035 reflects the ongoing commitment of countries to enhance their submarine-launched missile capabilities.

    Focus on Deterrence Strategies

    The emphasis on deterrence strategies is shaping the Global Submarine-Launched Missile Market Industry. Nations are increasingly recognizing the importance of maintaining a credible deterrent against potential adversaries. Submarine-launched missiles provide a stealthy and survivable means of delivering nuclear or conventional payloads, making them a cornerstone of modern military doctrine. As countries like India and Russia continue to develop and deploy advanced submarine-launched missile systems, the market is expected to expand. By 2035, the market is projected to reach 43.1 USD Billion, reflecting the growing reliance on these systems as a key component of national security strategies.

    Emerging Markets and Naval Expansion

    Emerging markets are contributing to the growth of the Global Submarine-Launched Missile Market Industry through naval expansion initiatives. Countries in Asia, the Middle East, and Africa are investing in modernizing their naval forces, which includes acquiring advanced submarine-launched missile capabilities. For example, nations such as Brazil and Indonesia are enhancing their maritime security through the development of indigenous submarine programs. This trend not only bolsters regional security but also stimulates demand for submarine-launched missiles, as these countries seek to establish a credible deterrent. The increasing focus on naval capabilities in emerging markets is likely to drive market growth in the coming years.

    Market Segment Insights

    Submarine-Launched Missile Market Type Insights

    The  Submarine-Launched Missile Market segment, categorized by Type, showcased a significant array of missile systems, each with distinct roles and capabilities.

    In 2023, the market for Ballistic Missiles held a prominent position, valued at 12.5 USD Billion, and is expected to expand to 15.8 USD Billion by 2032. This segment was characterized by its long-range capabilities, making it a vital component in strategic military operations, providing nations with a deterrent against potential threats.

    The Cruise Missiles market, valued at 10.2 USD Billion in 2023 and anticipated to grow to 12.6 USD Billion by 2032, played an essential role due to its precision targeting features and versatility, allowing for various operational uses, including land-strike and naval engagements.

    Hypersonic Missiles, while valued at 9.57 USD Billion in 2023 and projected to reach 11.76 USD Billion by 2032, gained attention due to their speed and maneuverability, which present new tactical advantages in modern warfare, thus reflecting a growing trend towards advanced missile technology.

    Together, these segments encompassed the majority of the  Submarine-Launched Missile Market, reflecting significant trends in defense spending and technological advancements in the military sector. The integration of these missile systems offers strategic advantages, enhancing military efficacy and ensuring national security for advanced military nations.

    Submarine-Launched Missile Market Launch Platform Insights

    Submarine-Launched Missile Market Launch Platform Insights

    The segment is critically influential, involving various types of submarines, including Nuclear Submarines, Diesel-Electric Submarines, and Multi-Role Submarines, each playing a vital role in enhancing naval capabilities. Nuclear Submarines dominate this segment due to their unparalleled endurance and range, making them essential for strategic deterrence.

    Diesel-Electric Submarines hold significant importance for their operational versatility and lower costs, particularly favored by many nations for both defense and surveillance missions.

    Multi-role submarines offer additional flexibility, allowing navies to adapt to various operational requirements, which further contributes to the overall growth of the market. The  Submarine-Launched Missile Market data reflects a gradual but steady market growth driven by technological advancements and an increasing focus on enhancing maritime security.

    However, challenges like high development costs and geopolitical tensions could impact market dynamics. Overall, this market segment is positioned to evolve, presenting opportunities for innovation and expansion.

    Submarine-Launched Missile Market Target Type Insights

    The  Submarine-Launched Missile Market displays a prominent segmentation based on target type, comprising Land Targets, Sea-Based Targets, and Airborne Targets. Within this landscape, Land Targets significantly contribute to the market, driven by the escalating need for precision strike capabilities in various military operations. Sea-based targets also play a crucial role as naval warfare evolves and countries prioritize maritime security.

    Airborne Targets represent another vital dimension, catering to the growing emphasis on aerial defense and retaliatory strike technologies. The combination of these target types reflects a robust and adaptive framework within the  Submarine-Launched Missile Market, catering to a wide array of strategic military objectives.

    Collectively, these segments exhibit various trends and growth drivers, such as increasing defense budgets and geopolitical tensions, while also facing challenges, including technological advancements and changing warfare dynamics.

    The demand for precision and the enhancement of deterrence capabilities will continue to shape the future landscape of this industry, offering significant opportunities for innovation and development. Insights into  Submarine-Launched Missile Market revenue and data reveal evolving strategies that nations adopt concerning their defense initiatives.

    Submarine-Launched Missile Market Payload Insights

    The Payload segment plays a critical role in this market, with key categories such as Conventional Warheads, Nuclear Warheads, and Multiple Independently Targetable Reentry Vehicles contributing significantly to overall revenue. Conventional Warheads are recognized for their versatility and effectiveness in non-nuclear warfare, appealing to many nations aiming for advanced military capabilities.

    Meanwhile, Nuclear Warheads remain a central feature of strategic defense frameworks, providing deterrence and security assurances. Multiple Independently Targetable Reentry Vehicles are gaining prominence due to their unique ability to engage multiple targets, thereby enhancing the operational flexibility and lethality of submarine-launched systems.

    The demand for advanced missile technologies and the evolving military strategies of various nations are expected to drive market growth in this segment as operators seek to augment their strategic capabilities.

     As a result, the  Submarine-Launched Missile Market segmentation reflects a dynamic landscape where innovation and strategic imperatives shape the development of Payload systems.

    Get more detailed insights about Submarine Launched Missile Market Research Report Information - Global Forecast till 2032

    Regional Insights

    The  Submarine-Launched Missile Market demonstrated a robust diversity across regional markets, reflecting unique defense strategies and demands ly. In 2023, North America held a majority share with a valuation of 12.5 USD Billion, expected to rise to 15.0 USD Billion by 2032, showcasing its dominance and significant investment in defense capabilities.

    Europe followed with 8.0 USD Billion in 2023 and an anticipated increase to 9.5 USD Billion in 2032, indicating a strong commitment to enhancing military readiness. Meanwhile, the APAC region contributed 6.0 USD Billion in 2023, with growth to 7.5 USD Billion by 2032, driven by increasing regional tensions and military modernization efforts.

    South America, with a value of 3.5 USD Billion in 2023, is projected to modestly grow to 4.0 USD Billion, reflecting a smaller yet emerging interest in submarine-launched capabilities. The Middle East and Africa (MEA) market began at 2.27 USD Billion in 2023 and had the potential to reach 4.1 USD Billion by 2032, showing significant growth opportunities arising from geopolitical shifts.

    These insights illustrated the intricate landscape of the  Submarine-Launched Missile Market revenue and highlighted the shifting dynamics across key regions, with North America maintaining a leading position against a backdrop of evolving  security initiatives.

     Submarine-Launched Missile Market

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The  Submarine-Launched Missile Market has been witnessing an upward trajectory due to various geopolitical dynamics and the growing need for advanced military capabilities. The competitive landscape of this market is influenced by the increasing investment in naval warfare technology, with countries aiming to enhance their deterrent capabilities through submarine-launched systems.

    As nations seek to modernize their fleets and safeguard their maritime security interests, the competition among key players has intensified. Factors such as technological advancements, partnerships, and defense spending play pivotal roles in shaping the competitive environment, where companies must consistently innovate and adapt to meet the evolving demands of militaries around the world.

    International Submarine Engineering has established itself as a notable player within the  Submarine-Launched Missile Market, leveraging its expertise in submarine design and engineering solutions. The company excels in producing innovative technologies that enhance submarine capabilities, contributing to more effective missile systems.

    With a robust portfolio that focuses on underwater vehicles and systems integration, International Submarine Engineering has successfully positioned itself to respond to the critical needs of contemporary naval forces.

    Its strengths lie in its adaptability to evolving technological trends, a proven track record in project delivery, and an emphasis on safety and performance, which ensures that its products can meet the rigorous standards demanded by military applications.

    General Dynamics is another significant entity in the  Submarine-Launched Missile Market, renowned for its comprehensive range of defense products and services. The firm benefits from a strong reputation in the field of military technology, particularly within the realm of submarines and related launch systems.

    General Dynamics has made significant investments in research and development, leading to advancements in missile technology and submarine warfare strategies. Its solid foundation in engineering excellence, coupled with a focus on customer collaboration, allows General Dynamics to deliver highly effective, reliable, and state-of-the-art missile systems.

    This positions the company as a vital contributor to modern naval capabilities, enabling the enhancement of strategic deterrence and operational effectiveness for its clients.

    Key Companies in the Submarine Launched Missile Market market include

    Industry Developments

    Recent developments in the  Submarine-Launched Missile Market reflect an enhanced focus on defense capabilities among various nations. Companies such as Boeing, Lockheed Martin, and Northrop Grumman have been actively involved in advancing their submarine-launched missile technologies, particularly in response to rising geopolitical tensions.

    Additionally, Saab AB and Kongsberg Gruppen have been collaborating on innovative systems to bolster their offerings in this competitive landscape. The market has also seen significant valuations, influenced by greater defense budgets aimed at enhancing maritime security.

    Moreover, there has been notable activity in mergers and acquisitions; for instance, Raytheon Technologies has been involved in strategic partnerships aimed at expanding its missile capabilities. Other key players like Thales Group and MBDA continue to pursue technological advancements and collaboration, reflecting the growing demand for advanced submarine-launched systems.

    The ongoing defense transformation and budget allocations are expected to drive market growth, further emphasizing the importance of strategic alliances and technological innovation among leading corporations in this sector.

    Submarine Launched Missile Market Size is expected to reach USD 500.1 Million by 2030, registering a CAGR of 5.5% during 2024-2030.

    A submarine-launched missile can be launched from a submarine, water to air, or water to the ground. Submarine-launched missiles are categorized into ballistic missiles (SLBMs) and cruise missiles (SLCMs). SLCMs can be launched in a low-altitude trajectory, whereas SLBMs are launched vertically. The global submarine-launched missile market is anticipated to register a CAGR of about 7% during the forecast period. The major driver for the market is the rising focus of countries on fortifying security measures while developing modified versions of military weaponry and hardware.

    There is a rising need for the defense authorities of various countries, to engage in combat capabilities, and to exercise enhanced control over the country’s border or neighboring countries.

    Segmentation of the Submarine Launched Missile Market

    MRFR segments the global submarine launched missile market based on type, application, and region. Based on type, submarine-launched cruise missile (SLCM) segment accounted for the largest market share of 67.36% in 2018 and is projected to show a CAGR of 8.69% during the forecast period. Based on application, national defense segment is anticipated to register the highest CAGR  2018 due to rising territorial dispute among the countries. Based on region, Asia-Pacific has the largest demand for the submarine launched missile market.

    The aircraft turbofan engine market is emerging China, India, and Japan, among other countries, and is projected to grow at a high rate due to the rising naval spending during the forecast period. North America leads the global submarine-launched missile market in terms of government spending and technological advancements, thereby generating a very high demand for submarine-launched missiles. Although Canada invests significantly in the development of such missiles, the market is primarily driven by the US.

    Recent Development

    On September 27, 2023, Lockheed Martin successfully launched an unarmed Trident II D5 Life Extension Fleet Ballistic Missile (FBM) as part of Demonstration and Shakedown Operation-32 (DASO-32) with the U.S. Navy.

    Key Players

    The key players in the submarine launched missile market are Airbus Defense and Space (Germany), Boeing Defense (US), BrahMos Aerospace Limited (India), Lockheed Martin Corporation (US), Raytheon Company (US), BAE Systems (UK), General Dynamics (UK), MBDA (France), and Moscow Institute of Thermal Technology (Russia).

    Research Methodology

    The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.

    Secondary Research

    In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.

    Primary Research

    In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.

    Key Insights

      • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

      • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region

      • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

      • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

      • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

      • Regional attractiveness and related growth opportunities

    Report Customization

    MRFR offers report customization to valued customers. Below are the options available for customization:

    Company Profiles

    In-depth profiling of additional market players (3 to 4 companies)

    Country-Level Analysis

    Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)

    Intended Audience

      • OEMs

      • Equipment/system suppliers

      • Potential investors

      • Key executive and strategy growth manager

      • End users

      • Technology investors

      • Government institutions

      • Consultancy firms

    Future Outlook

    Submarine Launched Missile Market Future Outlook

    The Submarine-Launched Missile Market is projected to grow at a 2.47% CAGR from 2024 to 2035, driven by technological advancements, increasing defense budgets, and geopolitical tensions.

    New opportunities lie in:

    • Invest in R&D for hypersonic missile technology to enhance strike capabilities.
    • Develop integrated systems for improved submarine stealth and missile accuracy.
    • Expand partnerships with emerging defense markets to diversify product offerings.

    By 2035, the Submarine-Launched Missile Market is expected to exhibit robust growth, reflecting evolving defense strategies.

    Market Segmentation

    Submarine-Launched Missile Market Type Outlook

    • Ballistic Missiles
    • Cruise Missiles
    • Hypersonic Missiles

    Submarine-Launched Missile Market Payload Outlook

    • Conventional Warheads
    • Nuclear Warheads
    • Multiple Independently Targetable Reentry Vehicles

    Submarine-Launched Missile Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Submarine-Launched Missile Market Target Type Outlook

    • Land Targets
    • Sea-Based Targets
    • Airborne Targets

    Submarine-Launched Missile Market Launch Platform Outlook

    • Nuclear Submarines
    • Diesel-Electric Submarines
    • Multi-Role Submarines

    Report Scope

    Attribute/Metric Details
    Market Size 2022 31.5(USD Billion)
    Market Size 2023 32.27(USD Billion)
    Market Size 2032 40.1(USD Billion)
    Compound Annual Growth Rate (CAGR) 2.44% (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled International Submarine Engineering, General Dynamics, Boeing, Saab AB, BMT Group, Navantia, Kongsberg Gruppen, Huntington Ingalls Industries, Northrop Grumman, Rafael Advanced Defense Systems, L3Harris Technologies, Lockheed Martin, Thales Group, MBDA, Raytheon Technologies
    Segments Covered Type, Launch Platform, Target Type, Payload, Regional
    Key Market Opportunities Increased defense budgets ly, Technological advancements in missile systems, Rise in submarine modernization programs, Expanding underwater warfare capabilities, Growing demand for strategic deterrence
    Key Market Dynamics increased defense spending, rising geopolitical tensions, technological advancements, fleet modernization efforts, expanding military alliances
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the expected market size of the Submarine-Launched Missile Market in 2032?

    The market is expected to be valued at 40.1 USD Billion in 2032.

    What was the market value of the Submarine-Launched Missile Market in 2023?

    In 2023, the market was valued at 32.27 USD Billion.

    What is the expected CAGR for the Submarine-Launched Missile Market from 2024 to 2032?

    The expected CAGR for the market during this period is 2.44%.

    Which region is projected to have the largest market share in 2032?

    North America is projected to hold the largest market share, valued at 15.0 USD Billion in 2032.

    What are the three main types of missiles in the Submarine-Launched Missile Market?

    The market is divided into Ballistic Missiles, Cruise Missiles, and Hypersonic Missiles.

    What will be the market value of Ballistic Missiles in 2032?

    The market for Ballistic Missiles is expected to be valued at 15.8 USD Billion in 2032.

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