Torpedo Market Research Report Covering Prime Factors And Competitive Outlook

Torpedoes are weapons for anti-warship and anti-submarine warfare that are self-propelled and self-guiding. Torpedoes are typically used underwater and are designed to explode upon contact with or close to the target. Torpedoes are often launched from submarines or warships, though occasionally they are also launched from aircraft or helicopters. Torpedoes fired from a submarine or warship are heavier than those fired from an aircraft or a helicopter, which are lighter. The increased manufacture of light weight torpedoes that can be transported in large numbers on a warship or an aircraft is the main driver driving the torpedo market. These small, light torpedoes are launched from the aircraft close to the target and are mostly intended for submarines.

The Torpedo market was estimated at US$ 1.1 Billion in 2021 and is expected to grow at a CAGR of 4.7% during 2022-2028 to reach US$ 1.9 Billion in 2028.

The demand-supply environment, price, profit margins, production, and value chain/ecosystem analysis are just a few of the major elements this study looks at in relation to the growth of the global torpedo market. Regional analysis of the worldwide torpedo industry reveals a wealth of unrealized potential in domestic and regional markets. Detailed firm profiling enables users to assess company shares analysis, emerging product lines, scope of NPD in new markets, pricing tactics, innovation possibilities, and much more. The verified information in the paper is based on substantial primary and secondary research findings. Data insights are a great tool for fostering a greater understanding of the market for torpedoes globally. These support users' developmental method even more.

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Global Torpedo Market: Major Players
Saab
Rubin Design Bureau
Raytheon
BAE Systems
Leonardo-Finmeccanica
DCNS
Lockheed Martin
Atlas Elektronik
Moscow Institute of Thermal Technology
Orbital ATK
705th Research Institute of China Shipbuilding
Honeywell International
Bharat Dynamics Limited (BDL)

Global Torpedo Market: By Types
Heavyweight Torpedoes
Lightweight Torpedoes

Global Torpedo Market: By Applications
Naval Vessel-launched Torpedo
Aerial Platform-launched Torpedo

Global Torpedo Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Torpedo market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Questions Answered in This Report
• What has been the impact of COVID-19 on the global torpedo market?
• What is the breakup of the global torpedo market based on the weight?
• What is the breakup of the global torpedo market based on propulsion?
• What are the key regions in the global torpedo market?
• Who are the key players/companies in the global torpedo market?
• What is the breakup of the global torpedo market based on the launch platform?
• What was the size of the global torpedo market in 2021?
• What is the expected growth rate of the global torpedo market during 2022-2027?
• What are the key factors driving the global torpedo market?

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