LONDON--(BUSINESS WIRE)--#Defense--Technavio has announced the top five leading vendors in their recent global
submarine-launched missile market report. This market
research report also lists four other prominent vendors that are
expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global submarine-launched
missile market is highly competitive due to the presence
of many global, regional, and local vendors operating in the market.
Intense competition, frequent changes in government policies, rapid
advances in technology, and environmental regulations are key factors
that determine this market's growth. In addition, in-house manufacturing
capabilities, product offerings, global footprint network, client bases,
and R&D investments are key areas that all vendors focus on to gain a
competitive advantage over their counterparts.
“Vendors compete with each other based on cost, reliability, product
quality, and aftermarket services. Providing cost-effective and
high-quality submarine-launched missiles is crucial for vendors'
operations, in order to survive and succeed in such an intensely
competitive market,” says Moutushi Saha, a lead defense
research analyst from Technavio.
The report also states that, government organizations such as the US
Department of Defense (DoD) and the UK Ministry of Defence (MoD) serve
as certification bodies that encourage the development of
submarine-launched missile systems.
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and defense market research analysts identify the
following key vendors:
Airbus Defense and Space
Airbus Defense and Space engages in designing, developing, and
manufacturing of space and defense products for governments and other
institutions. It operates military
aircraft; space systems; communications, intelligence, and
security (CIS); and electronics business lines.
In the global submarine-launched missile market, Airbus Defense and
Space was involved in the development of the M51 and M45 missiles, which
are used by submarines of several countries around the globe.
Boeing Defense, Space & Security
Boeing Defense, Space & Security, along with its subsidiaries, engages
in the aerospace and defense businesses across the world. The company
developed Harpoon, the anti-ship ballistic missiles, which are being
used by various submarines of several defense authorities across the
BrahMos Aerospace is a joint venture between the Defence Research and
Development Organisation (DRDO), India, and the Federal State Unitary
Enterprise NPO Mashinostroyenia (NPOM), Russia. The company developed
BrahMos missile which has a speed of Mach 2.8-Mach 3 and weighs
approximately 6,600 pounds. It can be launched from a ship-based
platform, land-based vehicle, or submarine. The air launch of BrahMos is
currently being tested and evaluated.
Lockheed Martin engages in the production, supply, and R&D of advanced
technology systems, products, and services to global defense and
aerospace industries. The company developed Trident II (D5)
submarine-launched ballistic missile (SLBM), which would be integrated
with the Ohio-class submarines and Vanguard-class submarines.
Raytheon provides its solutions to the defense and other government
markets across the world. The company developed the Tomahawk
submarine-launched cruise missile (SLCM), which is integrated with
several nuclear-powered submarines such as Virginia-class and Los
Browse Related Reports:
Submarine Payload and Launch Systems Market 2016-2020
Submarine Sensors Market 2016-2020
Intercontinental Ballistic Missile Market 2016-2020
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Technavio analysts employ primary as well as secondary research
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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