Anti-Submarine Rocket Launch System (ASRLS) Market Size - By Product (Fixed, Portable), Range (Short-Range, Medium-Range, Long-Range), Platform (Surface Ships, Submarines, Aircraft), Guidance System (Guided ASRLS, Unguided ASRLS) & Forecast, 2024 - 2032

Anti-Submarine Rocket Launch System Market Size

Anti-Submarine Rocket Launch System (ASRLS) Market size was valued at USD 5.9 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032. The market is expected to witness a growing demand with the modernization of naval fleets. ASRLS has various benefits over traditional Anti-Submarine Warfare (ASW) systems including increased range, faster reaction times, and greater accuracy. This makes it an attractive option for navies looking to improve their ASW capabilities and address evolving threats.

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Modernization is not limited to the new construction of ships; it also includes equipping older ships with current technologies. Many older ships lack adequate ASW capabilities, leaving them exposed to submarine attacks. ASRLS provides a modular and relatively simple option for upgrading existing boats, improving their ASW capabilities without the need for extensive changes.
 

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For instance, in September 2023, Lockheed Martin Corporation delivered the first production of its Mk 57 Mod 7 Vertical Launching System (VLS) equipped with the Anti-Submarine Rocket (ASROC) to the U.S. Navy. This signifies a critical step in modernizing the Navy's fleet with enhanced ASW capabilities. Also, the new launch system offers increased capacity and flexibility for launching different types of payloads, which also include anti-submarine rocket launch systems.

Rising geopolitical tensions and submarine proliferation in different countries are crucial factors driving the anti-submarine rocket launch system market growth. Rising tensions raise fears about future undersea disputes, forcing countries to emphasize Anti-Submarine Warfare (ASW) weapons. Submarines possess stealth, mobility, and firepower, making them significant threats to maritime interests, infrastructure & military assets. ASRLS provides a quick-reaction, long-range countermeasure against submarines, which is regarded as critical in preventing and responding to possible disputes.

Along with this, strategic advantage becomes increasingly essential in highly disputed maritime areas such as the South China Sea, East China Sea, and Indian Ocean. The ability to deploy ASRLS-equipped warships in these areas conveys a powerful message of prevention and readiness. For instance, in January 2024, India ramped up its anti-submarine warfare in response to China's submarine expansion. India has increased interest in acquiring additional ASRLS for its warships as part of its response to China's rapidly growing submarine fleet.

The ASRLS market is facing a major challenge due to its high development and acquisition costs, potentially slowing down market growth. Developing and integrating modern ASRLS technologies require significant expenditure in research, development, testing, and manufacturing. This results in high acquisition costs per system, making them unaffordable for many fleets, particularly those with limited budgets. Along with this, ASRLS development and integration require complicated technologies such as rocket propulsion, guidance systems, and advanced weapons. This demands specific skills, which further raises the research and manufacturing expenses. Furthermore, maintaining and managing these systems need qualified staff, increasing the overall economic burden.

Anti-Submarine Rocket Launch System Market Trends

The anti-submarine rocket launch system (ASRLS) industry is witnessing significant technological advancements. Improvements in rocket motor technology, advancements in inertial navigation, GPS & acoustic/magnetic homing systems, and the development of advanced warheads with increased lethality & effectiveness are some examples of technological advancement in the market. Along with this, the introduction of AI algorithms into targeting & guiding systems offers autonomous target detection, threat assessment, and decision-making, improving overall system performance. Automation minimizes operator effort and reaction times, resulting in speedier engagement and better durability.

For instance, in October 2023, Raytheon developed a new, high-thrust rocket motor for the next generation of ASRLS. This innovation offers a longer range, faster response times, and larger payload capacity, improving the system's overall efficacy.

Anti-Submarine Rocket Launch System Market Analysis

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Based on product, the fixed launch systems segment recorded around 55% of the market share in 2023. Fixed launch systems are often simpler and less expensive to produce & operate than portable launchers. This is especially important for budget-conscious navies or those who need large-scale ASRLS deployment. Along with this, fixed launchers have a simpler mechanical construction, which may result in greater reliability and lower maintenance requirements than portable launchers. This is especially important in severe marine conditions where system uptime is very important, thereby propelling segment growth.

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Based on platform, the surface ships segment held over 56% of the ASRLS market share in 2023. Surface ships, particularly frigates and destroyers, provide an inherently versatile platform for a variety of operations. They can easily connect ASRLS with other Anti-Submarine Warfare (ASW) equipment such as sonar, helicopters, and torpedoes, resulting in a complete ASW package. This adaptability enables them to respond to a variety of anti-submarine scenarios, from open-ocean patrols to defending important coastal infrastructure.

Along with this, surface ships are often less expensive to build, operate, and maintain than submarines & airplanes. This makes them a desirable option for navies looking to increase their ASW capabilities within a budget.

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North America anti-submarine rocket launch system market accounted for 37% of the revenue share in 2023. The U.S. and Canada are undertaking significant naval modernization programs, which include investments in ASRLS technology.  In August 2023, the U.S. lawmakers announced to invest USD 33.35 billion in shipbuilding for FY 2024 to maintain competitiveness against China in the naval domain.

The funds will be used for acquisition and operation of new capabilities and to enhance the in-service systems. Also, ongoing geopolitical tensions and maritime disputes in regions such as the Arctic, North Atlantic, and Pacific Ocean contribute to the demand for ASRLS systems in North America.

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
   

Anti-Submarine Rocket Launch System Industry News

• In December 2023, the U.S. Navy announced plans to begin arming submarines in 2024 with ship-targeting versions of the Tomahawk missile, a part of Washington’s push to ramp up military capabilities. The Maritime Strike version of the Tomahawk, the RTX Corp. missile traditionally used as a ground-attack weapon, will be fielded after October 2024. The latest models are modified with a new guidance system, enabling them to engage a mobile target at sea.
   
• In October 2023, Thales Group delivered the CMS and sensor suite to the Polish MIECZNIK Frigates. Thales will supply the Polish Navy's MIECZNIK frigates with TACTICOS battle management systems, sonars, infrared sensors, and radars, enabling the warships to perform a variety of roles such as detection, identification, command & control, and decision-making.

The anti-submarine rocket launch system (ASRLS) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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Market, By Product

• Fixed
• Portable

Market, By Range

• Short-range (Below 10Km)
• Medium-range (10-20Km)
• Long-range (Above 20Km)

Market, By Platform

• Surface ships
• Submarines
• Aircraft

Market, By Guidance System

• Guided ASRLS
• Unguided ASRLS

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA