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Anti-Submarine Rocket Launch System (ASRLS) Market Share

Report ID: GMI8160
Published Date: Feb 2024
Report Format: PDF

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Anti-Submarine Rocket Launch System Market Share

Lockheed Martin Corporation and BAE Systems plc hold a significant market share of around 20% in the industry. Lockheed Martin focuses on understanding customer needs and delivering tailored ASRLS solutions that address specific operational requirements. Also, by developing cutting-edge solutions, the company offer superior ASRLS systems with enhanced detection and engagement capabilities. This helps the company to maintain a significant position in the market.

BAE Systems Plc vertically integrates its ASRLS capabilities across design, manufacturing, and support services to streamline operations and optimize supply chain efficiency. By controlling key aspects of the value chain, BAE Systems reduce costs, improve quality, and enhance responsiveness to customer demands.

Anti-Submarine Rocket Launch System Market Companies

Major companies operating in the anti-submarine rocket launch system (ASRLS) industry are:

BAE Systems plc
Bharat Electronics Limited (BEL)
Israel Aerospace Industries Ltd. (IAI)
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Naval Group
Northrop Grumman Corporation
RTX Corporation
Saab AB
Thales Group

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of anti-submarine rocket launch system (ASRLS) reached USD 5.9 billion in 2023 and is set to witness 10% CAGR from 2024 to 2032, led by growing demand with the modernization of naval fleets.

The surface ships segment held the highest share of around 56% in the market in 2023, as they provide inherently versatile platform for a variety of operations.

North America is the fastest-growing region in the market with a major share of around 37% in 2023, attributed to ongoing geopolitical tensions and maritime disputes.

BAE Systems plc, Bharat Electronics Limited (BEL), Israel Aerospace Industries Ltd. (IAI), L3Harris Technologies, Inc., Lockheed Martin Corporation, Naval Group, Northrop Grumman Corporation, RTX Corporation, Saab AB, and Thales Group.