Torpedo Market Report Analysis to 2021

Market Research Analysts forecast global torpedo market to grow at a CAGR of 3.04% during the period 2017-2021.

According to the report, one of the major drivers for this market is advancements in undersea warfare. With rapid technical advancements happening in the field of undersea warfare, it is expected that the existing fleet of submarines would be replaced with more powerful and lethal ones. It is expected that close to 300 submarines will be present in the Indo-Pacific by 2030

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Further, the report states that one of the major factors hindering the growth of this market is focus on development of advanced submarine-launched ballistic missiles. Governments across the globe are seen increasing their investments on submarine-launched ballistic missiles (SLBMs) that usually have a higher impact, are faster, and have long-range capabilities. SLBMs also provide the flexibility of being launched from a torpedo tube.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Torpedo

Torpedoes are anti-submarine and anti-warship weapons used by navies across the globe with systems that are self-propelled and guided projectiles. These are operated mostly underwater and are designed to detonate on contact or in proximity to a target. Torpedoes may be launched from surface ships, submarines, fixed-wing aircraft, or helicopters. Torpedoes that are launched from warships or submarines are usually heavyweight torpedoes and the ones launched from aircraft are lightweight torpedoes.

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Covered in this report

The report covers the present scenario and the growth prospects of the global torpedo market for 2017-2021. To calculate the market size, the report considers the torpedo procurement deals and the investment by each of the three regions (Americas, EMEA, and APAC) into manufacturing and acquiring torpedoes.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global torpedo Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ATLAS ELEKTRONIK
BAE Systems
Lockheed Martin
Raytheon
Saab

Other prominent vendors
Bharat Dynamics Limited (BDL)
DCNS
Honeywell International
Leonardo-Finmeccanica
Orbital ATK

Market driver
Advancements in undersea warfare
For a full, detailed list, view our report

Market challenge
Focus on development of advanced submarine-launched ballistic missiles
For a full, detailed list, view our report

Market trend
Development of hybrid torpedoes
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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