Submarine Launched Missile Industry - Regional Synopsis
North America industry is anticipated to hold largest revenue share by 2037, 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.
Regional tensions in the Middle East, South Asia and other parts of the world have escalated in the recent times. Many countries are planning to revamp their security apparatus and invest in submarine launched missile technology to gain an upper hand over their neighbors and other hostile nations. Owing to these factors, the submarine launched missile market is expected to attain a significant CAGR during the forecast period 2025-2037.
