Europe Submarine launched Missile Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 4.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The European submarine-launched missile market is experiencing notable growth, driven by evolving defense strategies and technological advancements. Understanding the types of these missiles and the specific requirements from industries is essential for stakeholders aiming to navigate this dynamic landscape effectively.
Market Overview
In 2023, the global submarine-launched missile market was valued at approximately USD 9 billion and is projected to reach USD 12.41 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period. This growth is attributed to increasing defense budgets and the strategic emphasis on enhancing naval capabilities. Europe, in particular, has seen a significant uptick in military expenditure, with a 13% increase in 2022, marking the largest annual increment since the post-Cold War era.
Types of Submarine-Launched Missiles
Ballistic Missiles: These are long-range missiles capable of delivering nuclear or conventional warheads. An example is France's M51 missile, a three-stage, solid-propellant launcher with a total mass exceeding 50 metric tons and a length of 12 meters, capable of intercontinental reach.
Cruise Missiles: Designed for precision targeting, these missiles can be equipped with various warheads and are effective against both land and sea targets. The European cruise missile market is expected to grow from USD 1.29 billion in 2025 to USD 2.05 billion by 2030, reflecting a CAGR of 9.65%.
Hypersonic Missiles: Emerging as a significant focus, these missiles travel at speeds exceeding Mach 5, offering enhanced maneuverability and reduced reaction times for adversaries. Their development is a priority for several European defense programs.
Industry Requirements and Trends
The European defense industry is aligning with the following key requirements to meet the evolving demands of submarine-launched missile systems:
Advanced Propulsion Systems: Emphasis is on developing solid-propellant technologies to enhance missile range and reliability. The M51 missile's solid-propellant propulsion exemplifies this trend.
Miniaturization and Modularity: Industries are focusing on compact designs to allow for multiple warhead configurations and integration into various submarine classes.
Stealth and Counter-Detection Technologies: Reducing the radar and thermal signatures of missiles is crucial to evade advanced detection systems, ensuring mission success.
Integration with Advanced Submarine Platforms: The synergy between missile systems and next-generation submarines is vital. European submarine builders are experiencing increased demand, leading to substantial investments in facilities and workforce to support indigenous submarine manufacturing.
Compliance with International Regulations: Adherence to arms control treaties and export regulations is essential to maintain geopolitical stability and foster international trust.
Technological Advancements
Technological innovations are significantly influencing the submarine-launched missile market:
Artificial Intelligence (AI): AI integration is enhancing targeting accuracy, decision-making processes, and autonomous mission planning.
Hypersonic Technology: The development of hypersonic missile systems is a priority, offering unprecedented speed and maneuverability, thus altering strategic deterrence dynamics.
Enhanced Guidance Systems: Modern guidance technologies are improving missile precision, reducing collateral damage, and increasing mission effectiveness.
Conclusion
The European submarine-launched missile market is poised for substantial growth, driven by technological advancements and evolving defense strategies. Industries must focus on innovation, adaptability, and compliance with international standards to meet the complex demands of modern naval warfare. By embracing these trends, stakeholders can ensure the development of effective and reliable missile systems that bolster Europe's defense capabilities.
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Airbus Defense and Space
Boeing Defense
Space & Security
BrahMos Aerospace
Lockheed Martin
Raytheon
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Submarine launched Missile Market
Ballistic Missiles
Cruise Missiles
Short Range Missiles
Medium Range Missiles
Long Range Missiles
Conventional Payload
Nuclear Payload
Submarine-Based Launch Platforms
Ship-Based Launch Platforms
Air-Based Launch Platforms
Inertial Navigation System (INS)
Global Positioning System (GPS)
Radar Homing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Submarine launched Missile Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Submarine launched Missile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Submarine launched Missile Market, By Type
6. Europe Submarine launched Missile Market, By Application
7. Europe Submarine launched Missile Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Submarine launched Missile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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