Submarine Launched Missile Market Size

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.

Our in-depth analysis of the submarine launched missile market includes the following segments:

By Application:

• Research
• National Defense
• Others

By Payload:

• Single warhead
• Multiple warhead

By Product:

• Submarine Launched Cruise Missile
• Submarine Launched Ballistic Missile

By Region:

On the basis of regional analysis, the submarine launched missile market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region out of which, the market in North America is anticipated to hold the largest market share on the back of high investments in the submarine launched missile technology and increased spending towards defense sector in the region. Moreover, the market in Asia Pacific is anticipated to record the highest CAGR over the forecast period on the back of rapidly growing investments in the defense sector and maritime border disputes in the region.

The global submarine launched missile market is further classified on the basis of regions as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis