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The global submarine-launched missile market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. Increasing investments in the development of submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years. The rising need for countries to maintain their competitiveness on a global level will lead to the extensive development of advanced submarine-launched missiles. Also, various regions such as the Americas and Europe are increasing their investments in the development of submarine-launched missiles to strengthen their submarine forces. Moreover, such investments will help in the development, maintenance, and procurement of various missile systems. For instance, in 2016, post the announcement of the modernization of the US nuclear forces, Russia commissioned designers to design and develop Sarmat, an advanced SLBM, by 2020.
The emergence of 3D printed submarine-launched missiles will drive the growth prospects for the global submarine-launched missile market in the forthcoming years. At present, 3D printing technology is increasingly replacing conventional techniques such as the computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing. One of the major factors responsible for the growing popularity of 3D printing technology is its increasing use in printing electronics directly onto 3D surfaces, such as on rocket engines, missile fins, and their guidance systems. Also, since it reduces the size and weight of submarine-launched missile systems, it is highly preferred in the submarine industry. Some of the benefits of using of 3D-printed submarine-launched missiles are its cost efficiency, improved competence of missiles, just-in-time (JIT) manufacturing, optimized performance, and weight reduction.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: ballistic missile, nuclear submarine, defense technology, department of defense, defense market analysis, aerospace and defense industry analysis,
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