“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
Torpedo Market by Key Players:
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Scope of the Report:
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
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