Torpedo Market 2019 Detailed Research on Market Size, Share | Revenue, Trends, Price, Gross Margin, Profit, and Forecast to 2024 | Industry

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Torpedo Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Torpedo market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Torpedo market, reasons of buying this report and complete TOC of report.

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There are 4 key segments covered in this Torpedo Systems Market report:

  • Competitor segment
  • Product type segment
  • End-use/application segment
  • Geography segment

Market Overview:

  • The torpedo market is anticipated to grow at a CAGR of over 3% during the forecast period.
  • - The increasing military spending fuelled by the growing conflicts between the nations is expected to help the growth of torpedo market during the forecast period.
  • - The increasing threat of terrorism and border issues have led the countries to focus on marine vessels like naval ships and submarines combat systems, which propel the demand for torpedoes during the forecast period.
  • - Development of nuclear torpedoes is picking up the pace and is one of the most promising areas of investment for the countries.
  • Torpedo Market by Key Players:

  • BAE Systems plc
  • Atlas Elektronik GmbH
  • Raytheon Company
  • Saab AB
  • Leonardo S.p.A.
  • Bharat Dynamics Limited
  • Rosoboronexport
  • Naval Group
  • Lockheed Martin Corporation
  • Honeywell International Inc.
  • Northrop Grumman Corporation
  • Sechan Electronics Inc.
  • DRDO
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    Scope of the Report:

  • A torpedo is a self-propelled weapon with an explosive warhead, which is designed to detonate either on contact with its target or in vicinity of it. The market study includes the torpedoes launched above and below the water surface, including the ones launched from an aircraft.
  • Key Market Trends:

    Sea-launched Segment to Experience the Highest Growth During the Forecast Period

    Sea-launched segment is expected to grow at the highest CAGR during the forecast period. Investment of the countries into the development of nuclear submarines and smarter torpedoes are some of the primary driving factors for the growth of this segment. Also, development of new unmanned underwater and surface vessels with torpedoes launching capabilities will facilitate the growth of this segment in the future. For instance, Elbit Systems ISTAR division partnered with Leonardo to develop and demonstrate the launching of lightweight and mini torpedoes of Leonardo from the Elbit Systems’ SeagullTM Unmanned Surface Vessels (USV).

    Asia Pacific to Experience the Highest Growth During the Forecast Period

    Asia Pacific region is anticipated to have the highest growth during the forecast period. The military spending of the countries in this region has been increased significantly in recent years. This increase is majorly due to the tensions between China, India, Japan, and South Korea. Due to the on-going tensions in the South China Sea, China is rigorously developing its naval ships and submarines. Similarly, India has also been investing in empowering its naval force. Recently, Defense Ministry of India approved the acquisition of more than 100 heavyweight torpedoes that will be equipped on six Scorpene-class submarines. Such immediate requirements for heavyweight torpedoes of the Navy will be met by the purchases from foreign vendors while the long-term bulk requirement is fulfilled through the Made in India initiative. Development of indigenous torpedoes and their deployment in respective naval forces will be the supporting factor for the development of torpedo market in this region.

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    Torpedo Market Covers Following Points in TOC:

    • Chapter 1: Torpedo Market Definition
    • Chapter 2: Research Methodology of Torpedo Market
    • Chapter 3: Torpedo Market Executive Summary
    • Chapter 4: Torpedo Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Torpedo Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Torpedo Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Torpedo Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Torpedo Market

    Report Page - Torpedo Market - Growth, Trends, and Forecast (2019 - 2024)


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