Anti-Submarine Rocket Launch System (ASRLS) Market Analysis

Anti-Submarine Rocket Launch System Market Analysis

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.
 

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.
 

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.