Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Submarine Launched Missile Market size was over USD 370.12 million in 2024 and is projected to reach USD 733.28 million by 2037, witnessing around 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of submarine launched missile is evaluated at USD 387.11 million.
A submarine launched missile (SLM) is a guided missile with the primary objective of delivery of nuclear warheads through a submarine. Most designs allow a single missile to target multiple targets simultaneously. Modern SLMs are closer to intercontinental ballistic missiles which have a range of over 5,500 kilometers. The first deign was developed by the Germans during the Second World War. However, the war came to an end before it could be tested. Since then, there have been tremendous improvements in the submarine launched missile technology which enables them to dodge reconnaissance satellites and launch nuclear warheads with virtual impunity.
