Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Torpedo, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Torpedo. This report contains market size and forecasts of Torpedo in global, including the following market information:
Global Torpedo Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Torpedo Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Torpedo companies in 2022 (%)
The global Torpedo market was valued at US$ 1390.7 million in 2022 and is projected to reach US$ 1751.5 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Torpedo manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Torpedo Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Torpedo Market Segment Percentages, by Type, 2022 (%)
Guided Torpedoes
Unguided Torpedoes
Global Torpedo Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Torpedo Market Segment Percentages, by Application, 2022 (%)
Ships
Submarines
Global Torpedo Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Torpedo Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Torpedo revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Torpedo revenues share in global market, 2022 (%)
Key companies Torpedo sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Torpedo sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ATLAS ELEKTRONIK
Leonardo
Lockheed Martin
Raytheon
Saab
Outline of Major Chapters:
Chapter 1: Introduces the definition of Torpedo, market overview.
Chapter 2: Global Torpedo market size in revenue and volume.
Chapter 3: Detailed analysis of Torpedo manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Torpedo in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Torpedo capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
