Press release
Global Torpedo Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Torpedo Market value is expected to reach $1,557.4 million growing at a CAGR of 7.4% during 2022-2028.A torpedo is an ocean designed as a weaponized system that is used in naval combat as a method of assault against adversaries. It is a mobile, autonomous underwater weapon that may be launched from a variety of platforms, such as aircraft, ships, missiles, or submarines. Propulsion system, explosives, and guided system make up its main three units. The system is propelled by the torpedo propulsion system, and the guided system aids the torpedo in locating its target.
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North America is projected to have the highest CAGR over the forecast period, owing to the U.S. Navy which has purchased a number of cutting-edge naval equipment. The market in North America will expand thanks to recent technology developments and increased government spending on the purchase of new ship and since more cutting-edge navy vessels are being delivered, along with numerous important players additionally, the growing conflict between Russia and Ukraine has accelerated the development of cutting-edge weapon systems, which fuels market expansion during the projection period.
Some of the key players profiled in the Torpedo Market include Atlas Elektronik GmbH, Honeywell International Inc, Leonardo S.P.A, Saab AB, Sechan Electronics Inc, Rosoboronexport, Bharat Dynamics Limited, BAE Systems PLC, Northrop Grumman Corporation, Naval Group, ASELSAN AS, Lockheed Martin Corporation, Raytheon Technologies Corporation, thyssenkrupp AG, Mitsubishi Heavy Industries Ltd, JSC Tactical Missiles Corporation and China Shipbuilding Industry Corporation.
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All the customers of this report will be entitled to receive one of the following free customization options:
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Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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