Maritime Missile Launch System Market Size, Share, and Industry Analysis, By Type (Hot Launch, Cold Launch, and Concentric Canister Launch), By System (Vertical Launching System, Single Cell Launcher, and Vertical Launch Anti-Submarine), By Platform (Surface Vessels and Submarines), and Regional Forecast, 2024-2032

The global Maritime Missile Launch System Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. A maritime missile launch system is a system installed on warships and submarines to launch missiles at targeted objects. These systems are capable of launching hot, cold, and concentric canister missiles. The major types of maritime missile launch systems include vertical launching systems, single-cell launchers, and vertical launch anti-submarines. These systems are used for various naval operations, such as securing territorial borders and engaging in anti-submarine warfare.

The market is experiencing significant growth due to the increasing emphasis on securing territorial borders and the rising military budgets of countries globally for the procurement of advanced naval vessels. The increasing defense expenditure by countries across the globe is expected to generate ample growth opportunities for players in the maritime missile launch system market. The rise in defense budgets influences the demand for advanced missile launch systems, driving market growth as countries invest in modernizing their naval capabilities.

Countries with higher military budgets tend to invest more in advanced defense technologies, including maritime missile launch systems, leading to increased market demand and growth opportunities for market players. However, the growth of the market is expected to be hampered by heavy costs associated with maritime missile launch systems. In addition, lucrative opportunities are expected to arise in the future due to reliable and efficient vertical launch systems of maritime missiles, as well as increased defense spending globally.

The ongoing conflict between Russia and Ukraine has had a significant impact on the use and effectiveness of maritime missile launch systems. Ukraine has utilized missile systems, including the U.S.-supplied ATACMS tactical ballistic missile system, to target Russian Navy vessels, destroying Russian warships, such as the minesweeper Kovrovets and the Karakurt-class corvette Tsiklon in Crimea.

Segmentation

Key Insights

The report covers the following key insights:

• Latest Developments


• Porter's Five Forces Analysis


• Technological Developments


• Regulatory Landscape


• Patent Analysis


• Supplier Outlook FCEV Parts (Who Supplies Whom)


• Impact of COVID-19 on the Maritime Missile Launch System Market

Analysis by Platform

By platform, the market is segregated into surface vessels and submarines. Awareness of threats to national security posed by unattended security checks has increased as a result of the increased use of submarines and ships to carry out covert spying operations in security-critical areas and regions. Unauthorized submarines and ships are fitted with advanced weapons that are capable of damaging security-critical places of national importance. Militaries across the globe are procuring intelligent maritime missile defense systems to tackle the rising issues with rogue ships and submarines. Innovative counter-shipborne weapons technology that monitors and prevents ships or submarines from spying on unguarded territories is being developed by major operators in the market.

Regional Analysis

To gain extensive insights into the market, Request for Customization

The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. In particular, owing to the significant U.S. defense spending, which in turn promotes naval development and procurement programs, NAFTA accounts for a large market share. The U.S. invests in the modernization of its Navy and Marine Corps primarily to create and sustain maritime dominance through a balanced sea power while increasing lethality on all fronts, thanks to this massive defense spending. To address increasingly complex challenges in the global maritime environment, such procurement programs are carried out.

Key Players Covered

• Lockheed Martin


• Mitsubishi Heavy Industries


• BAE Systems


• General Dynamics


• Aselsan


• Leonardo


• Kongsberg Gruppen


• MBDA


• Rafael Advanced Defense Systems


• Raytheon Technologies


• ROKETSAN


• Saab

Key Industry Developments

• In April 2024, HII announced that a USD 74 million contract was awarded to its Mission Technologies division for research, analysis and development of improved capabilities in the Mk 41 and 57 Vertical Launching Systems VLS systems on U.S. Navy surface ships. The related naval surface weapon systems, combat systems and sensors employed by the Navy are also covered by the task order, which is administered by the Naval Warfare Center, NSWC, Port Hueneme Division.


• In March 2024, LIG Nex1 from South Korea won a contract for the development of a new Navy surface-to-air missile that can be used by armed destroyers. This contract is issued by the Defense Acquisitions and Program Administration. The accompanying graphic shows, however, that the two-stage rockets are cold-fired from a vertical launching system, have an initial booster and may receive course updates via satellite.