The torpedoes are self-propelled and self-guided weapons for anti-warships and anti-submarine warfare. The torpedoes are mainly operated underwater and are developed to detonate on contact or in the vicinity of the target. The torpedoes are generally released from submarines or warships, and sometimes from aircrafts or helicopters also. The submarine or warship released torpedoes which are heavier in weight while the same released from an aircraft or helicopters are lighter in weight.
The key factor driving the market for torpedoes is the increased production of light weight torpedoes which can be carried on an aircraft or on a warship in a large number. These lightweight torpedoes are mainly targeted at submarines and are released from the aircraft near the target. As the torpedoes are released near to the targets, it minimizes the need for precision navigation systems and thus reducing the overall costs. The increased usage of lightweight torpedoes, are likely to aid the growth of the market for torpedoes. Another prominent factor boosting the market for torpedoes is the advancement in underwater warfare technology. Owing to the fact that, presently underwater warfare has increased a lot in comparison to early days, the torpedoes plays a vital role in undersea warfare due to their self-guided and self-propelled characteristics. The advancement in torpedoes helps the naval forces and air forces to eliminate their enemies in their vicinity.
EMEA accounted for the major share in the market in 2017. The development of hybrid torpedoes by the leading manufacturers in Europe is estimated to drive the growth of the market during the forecast period.
In 2019, the market size of Torpedo is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Torpedo.
This report studies the global market size of Torpedo, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Torpedo production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ATLAS ELEKTRONIK
Leonardo
Lockheed Martin
Raytheon
Saab
...
Market Segment by Product Type
Guided Torpedoes
Unguided Torpedoes
Market Segment by Application
Ships
Submarines
Air Launch
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Torpedo status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Torpedo manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Torpedo are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Torpedo. Industry analysis & Market Report on Torpedo is a syndicated market report, published as Global (United States, European Union and China) Torpedo Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Torpedo market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.