"Maximizing Accuracy: The Impact of Self-Guided Torpedoes on Naval Tactics

According to a recent report published by Allied Market Research, titled, "Self-Guided Torpedo Market by Product, Type, and Application: global opportunity analysis and industry forecast, 2021-2030," the global self-guided torpedo market was valued at $ 1.25 billion in 2020, and is projected to reach $2.18 million by 2030, registering a CAGR of 6.0%.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/14058

By product, the market is categorized into acoustic homing torpedo and wake homing torpedo. The wake homing torpedo segment accounted for the highest revenue in 2020. The high efficiency of wake homing torpedoes and its undetectable feature is expected to promote the growth of the segment during the forecast timeframe.

By type, the self-guided torpedo market is divided into heavyweight torpedo and lightweight torpedo. The lightweight torpedo segment accounted for the highest revenue in 2020, owing to the rise in adoption of lightweight torpedoes globally.

Covid-19 Scenario:

Production facilities in the defense sector have been stopped due to lockdown measures, disrupted supply chains, and shortage of raw materials across the globe. This affected the production volumes of self-guided torpedo.
In addition, there have been delays in R&D activities and new initiatives regarding development of reliable and innovative self-guided torpedoes due to hold in investments by governments.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. China dominated the global self-guided torpedo market share in Asia-Pacific region in 2020, owing to increase in R&D activities, technological developments by big players, and rapid adoption of innovative technologies in making lethal, accurate, and efficient self-guided torpedoes. North America is expected to grow at a significant rate during the forecast period, owing to rise in modernization initiatives regarding development of reliable and efficient torpedo weapon systems.

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 - https://www.alliedmarketresearch.com/purchase-enquiry/14058

KEY FINDINGS OF THE STUDY

By product, the wake homing torpedo segment is expected to register a significant growth during the forecast period.
By type, the lightweight torpedo segment is anticipated to exhibit significant growth in the future.
By application, the aerial platform launched torpedo segment is projected to lead the global self-guided torpedo market, owing to higher CAGR as compared to the naval vessel launched torpedo segment.
By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global self-guided torpedo market include ATLAS ELEKTRONIK GmbH, BAE Systems plc, Honeywell International Inc., Leonardo S.p.A., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Naval Group, Northrop Grumman Corporation, Raytheon Technologies Corporation, and Saab AB.

𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 https://www.alliedmarketresearch.com/self-guided-torpedo-market/purchase-options

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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