Allied Market Research
Loading...
0

Maritime Missile Launch System Market Expected to Reach $458.7 Million by 2030—Allied Market Research

 

Report Code : A12509

quote by system, the vertical launching system segment dominated the global maritime missile launch system market in 2020, in terms of revenue. By mode, the on-surface segment is anticipated to witness lucrative growth during the forecast period. By launch type, the cold launch segment dominated the market in 2020, in terms of revenue. Presently, Asia-Pacific is the highest revenue contributor, followed by North America.” quote

Himanshu Joshi
Lead Analyst, Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, maritime missile launch system market by system, mode, and launch type: global opportunity analysis and industry forecast, 2021–2030,” the global maritime missile launch system market was valued at $280.7 million in 2020, and is projected to reach $458.7 million by 2030, registering a CAGR of 5.8%.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. U.S. dominated the global maritime missile launch system market share in North America in 2020, owing to increase in R&D activities, technological developments by big players, and rapid adoption of innovative technologies in making safer, convenient, and efficient maritime missile launch systems. North America is expected to grow at a significant rate during the forecast period, owing to rise in modernization initiatives regarding development of reliable and efficient missile launch systems.

By system, the market is categorized into vertical launching system, single cell launcher, and vertical launch anti-submarine. The vertical launching system segment accounted for the highest revenue in 2020, owing to high demand for vertical launch systems in maritime missile launch systems, owing to their reliable, most practical, and efficient nature. 

By launch type, the maritime missile launch system market is divided into hot launch, cold launch, and concentric canister launch. The cold launch segment accounted for the highest revenue in 2020, owing to high safety of the system and rise in use of cold launch systems for launch of modern missiles. 

Rise in number of territorial conflicts throughout the world and naval modernization programs are expected to drive the market during the forecast period. However, high cost of maritime missile launch systems is anticipated to hamper growth of the market. Moreover, reliable and efficient vertical launch maritime missile launch systems and rise in defense expenditure globally are expected to offer lucrative opportunities in the future. 

COVID-19 Impact Analysis 

  • The COVID-19 impact on the maritime missile launch system market is unpredictable, and is expected to remain in force till the fourth quarter of 2021. 
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of non-essential items for most of 2020. This led to sudden fall in availability of important raw materials. 
  • Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative maritime missile launch systems globally.

KEY FINDINGS OF THE STUDY

  • By system, the vertical launching system segment is expected to register a significant growth during the forecast period.
  • By mode, the on-surface segment is anticipated to exhibit significant growth in the future.
  • By launch type, the cold launch segment is projected to lead the global maritime missile launch system market, owing to higher CAGR as compared to the hot launch segment.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global maritime missile launch system market include Aselsan A.Ş., BAE Systems plc, General Dynamics Corporation, Konsberg Gruppen ASA, Lockheed Martin Corporation, MBDA, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, ROKETSAN A.S., and SaaB AB

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Maritime Missile Launch System Market by System (Vertical Launching System, Single Cell Launcher, and Vertical Launch Anti-Submarine), Mode (On-Surface and Submarine), and Launch Type (Hot Launch, Cold Launch, and Concentric Canister Launch): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,717 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Maritime Missile Launch System Market"
Purchase Enquiry