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Torpedo Trends and Forecast
The future of the global torpedo market looks promising with opportunities in the electric propulsion and conventional propulsion markets. The global torpedo market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising adoption of anti-submarine, growing maritime border dispute among neighboring countries, and increasing procurement of naval vessels.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Torpedo by Segment
The study includes a forecast for the global torpedo by weight, launch platform, propulsion, and region.
Torpedo Market by Weight [Shipment Analysis by Value from 2018 to 2030]:
• Heavyweight Torpedoe
• Lightweight Torpedoe
Torpedo Market by Launch Platform [Shipment Analysis by Value from 2018 to 2030]:
• Air-Launched
• Surface-Launched
• Underwater-Launched
Torpedo Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:
• Electric Propulsion
• Conventional Propulsion
Torpedo Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Torpedo Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies torpedo companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the torpedo companies profiled in this report include-
• Raytheon Technologies
• Naval
• Bae Systems
• Bharat Dynamics
• Lockheed Martin
• Atlas Elektronik
• Honeywell International
Torpedo Market Insights
Lucintel forecasts that heavyweight will remain the larger segment over the forecast period due to its increasing use to enhance the naval forceÄX%$%Xs capacity to carry out combat missions.
Within this market, electric propulsion is expected to witness the higher growth.
North America is expected to witness highest growth over the forecast period due to growing government spending on procurement of new vessels and presence of key players in the region.
Features of the Global Torpedo Market
Market Size Estimates: Torpedo market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Torpedo market size by weight, launch platform, propulsion, and region in terms of value ($B).
Regional Analysis: Torpedo market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different weights, launch platforms, propulsions, and regions for the torpedo market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the torpedo market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the torpedo market size?
Answer: The global torpedo market is expected to reach an estimated $1.4 billion by 2030.
Q2. What is the growth forecast for torpedo market?
Answer: The global torpedo market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the torpedo market?
Answer: The major drivers for this market are rising adoption of anti-submarine, growing maritime border dispute among neighboring countries, and increasing procurement of naval vessels.
Q4. What are the major segments for torpedo market?
Answer: The future of the torpedo market looks promising with opportunities in the electric propulsion and conventional propulsion markets.
Q5. Who are the key torpedo market companies?
Answer: Some of the key torpedo companies are as follows:
• Raytheon Technologies
• Naval
• Bae Systems
• Bharat Dynamics
• Lockheed Martin
• Atlas Elektronik
• Honeywell International
Q6. Which torpedo market segment will be the largest in future?
Answer: Lucintel forecasts that heavyweight will remain the larger segment over the forecast period due to its increasing use to enhance the naval forceÄX%$%Xs capacity to carry out combat missions.
Q7. In torpedo market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing government spending on procurement of new vessels and presence of key players in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the torpedo market by weight (heavyweight torpedoe and lightweight torpedoe), launch platform (air-launched, surface-launched, and underwater-launched), propulsion (electric propulsion and conventional propulsion), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Torpedo Market, Torpedo Market Size, Torpedo Market Growth, Torpedo Market Analysis, Torpedo Market Report, Torpedo Market Share, Torpedo Market Trends, Torpedo Market Forecast, Torpedo Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Torpedo Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Torpedo Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Torpedo Market by Weight
3.3.1: Heavyweight Torpedoe
3.3.2: Lightweight Torpedoe
3.4: Global Torpedo Market by Launch Platform
3.4.1: Air-Launched
3.4.2: Surface-Launched
3.4.3: Underwater-Launched
3.5: Global Torpedo Market by Propulsion
3.5.1: Electric Propulsion
3.5.2: Conventional Propulsion
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Torpedo Market by Region
4.2: North American Torpedo Market
4.2.2: North American Torpedo Market by Propulsion: Electric Propulsion and Conventional Propulsion
4.3: European Torpedo Market
4.3.1: European Torpedo Market by Weight: Heavyweight Torpedoe and Lightweight Torpedoe
4.3.2: European Torpedo Market by Propulsion: Electric Propulsion and Conventional Propulsion
4.4: APAC Torpedo Market
4.4.1: APAC Torpedo Market by Weight: Heavyweight Torpedoe and Lightweight Torpedoe
4.4.2: APAC Torpedo Market by Propulsion: Electric Propulsion and Conventional Propulsion
4.5: ROW Torpedo Market
4.5.1: ROW Torpedo Market by Weight: Heavyweight Torpedoe and Lightweight Torpedoe
4.5.2: ROW Torpedo Market by Propulsion: Electric Propulsion and Conventional Propulsion
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Torpedo Market by Weight
6.1.2: Growth Opportunities for the Global Torpedo Market by Launch Platform
6.1.3: Growth Opportunities for the Global Torpedo Market by Propulsion
6.1.4: Growth Opportunities for the Global Torpedo Market by Region
6.2: Emerging Trends in the Global Torpedo Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Torpedo Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Torpedo Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Raytheon Technologies
7.2: Naval
7.3: BAE Systems
7.4: Bharat Dynamics
7.5: Lockheed Martin
7.6: Atlas Elektronik
7.7: Honeywell International
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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