Report Id: ADTM0622
Torpedo Market Size by Product Type (Heavy Weight and Light Weight), By Launch Platforms (Aerial, Naval and Land), Propulsion (Electric and Non-Electric), Operation (Straight-running, Autonomous Homers and Wire-guided), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The Torpedo Market is expected to be around US$ 1080.5 Million by 2028 at a CAGR of 2% in the given forecast period.
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CLICK HERENorth America
2
South America
2
Europe
1
APAC
3
Others
1
MARKET SNAPSHOT
Major Players
- BAE Systems plc
- Saab AB
- thyssenkrupp AG
- Raytheon Technologies Corporation
- Leonardo S.p.A
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
2
REPORT DESCRIPTION
The Torpedo Market is expected to be around US$ 1080.5 Million by 2028 at a CAGR of 2% in the given forecast period.
The increasing conflicts among various countries are driving governing agencies to raise their investments in the defense and military sector. This acts as one of the significant factors boosting the global torpedo market growth. In addition, they are also spending on the improvement of their present naval systems, specifically the developed nations, which is positively impacting the sales of torpedoes. Moreover, the emergence of advanced technologies, such as electric propulsion, advanced navigation and mini torpedoes, is impelling the market growth. Among these, the electric propulsion torpedoes are currently obtaining preference across the world due to their advanced capabilities, such as high speed and fewer vibrations. Additionally, the growing investments in the research and development (R&D) activities for better connectivity among submarines and weapons, intelligent controllers and ultra-broadband arrays are projected to stimulate the market growth in the upcoming years.
The global Torpedo market is segregated on the basis of Product Type as Heavy Weight and Light Weight. Based on Launch Platforms the global Torpedo market is segmented in Aerial, Naval and Land. Based on Propulsion the global Torpedo market is segmented in Electric and Non-Electric. Based on Operation the global Torpedo market is segmented in Straight-running, Autonomous Homers and Wire-guided.
The global Torpedo market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Torpedo market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
BAE Systems plc, thyssenkrupp AG, Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A., Bharat Dynamics Limited, ASELSAN AS, Naval Group, Lockheed Martin Corporation, Northrop Grumman Corporation, and others are among the major players in the global Torpedo market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Torpedo Market has been segmented as below:
Torpedo Market, By Product Type
- Heavy Weight
- Light Weight
Torpedo Market, By Launch Platforms
- Aerial
- Naval
- Land
Torpedo Market, By Propulsion
- Electric
- Non-Electric
Torpedo Market, By Operation
- Straight-running
- Autonomous Homers
- Wire-guided
Torpedo Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Torpedo Market, By Company
- BAE Systems plc
- thyssenkrupp AG
- Raytheon Technologies Corporation
- Saab AB
- Leonardo S.p.A.
- Bharat Dynamics Limited
- ASELSAN AS
- Naval Group
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- JSC Tactical Missiles Corporation
- Mitsubishi Heavy Industries, Ltd.
The report covers:
- Global Torpedo market sizes from 2021 to 2028, along with CAGR for 2023-2028
- Market size comparison for 2022 vs 2027, with actual data for 2022, estimates for 2023 and forecast from 2023 to 2028
- Global Torpedo market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Torpedo market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Torpedo market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Torpedo market share. Major industry players with significant revenue share include BAE Systems plc, thyssenkrupp AG, Raytheon Technologies Corporation, Saab AB, Leonardo S.p.A., Bharat Dynamics Limited, ASELSAN AS, Naval Group, Lockheed Martin Corporation, Northrop Grumman Corporation, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Torpedo industry trends
- Find complete analysis on the market status
- Identify the Torpedo market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Torpedo Market, By Product Type
5.1. Introduction
5.2. Heavy Weight
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Light Weight
5.3.1. Market Overview
5.3.2. Market Size and Forecast
6. Torpedo Market, By Launch Platforms
6.1. Introduction
6.2. Aerial
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Naval
6.3.1. Market Overview
6.3.2. Market Size and Forecast
6.4. Land
6.4.1. Market Overview
6.4.2. Market Size and Forecast
7. Torpedo Market, By Propulsion
7.1. Introduction
7.2. Electric
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Non-Electric
7.3.1. Market Overview
7.3.2. Market Size and Forecast
8. Torpedo Market, By Operation
8.1. Introduction
8.2. Straight-running
8.2.1. Market Overview
8.2.2. Market Size and Forecast
8.3. Autonomous Homers
8.3.1. Market Overview
8.3.2. Market Size and Forecast
8.4. Wire-guided
8.4.1. Market Overview
8.4.2. Market Size and Forecast
9. Torpedo Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Torpedo, By Product Type
9.2.2. North America Torpedo, By Launch Platforms
9.2.3. North America Torpedo, By Propulsion
9.2.4. North America Torpedo, By Operation
9.3. Europe
9.3.1. Europe Torpedo, By Product Type
9.3.2. Europe Torpedo, By Launch Platforms
9.3.3. Europe Torpedo, By Propulsion
9.3.4. Europe Torpedo, By Operation
9.4. Asia-Pacific
9.4.1. Asia-Pacific Torpedo, By Product Type
9.4.2. Asia-Pacific Torpedo, By Launch Platforms
9.4.3. Asia-Pacific Torpedo, By Propulsion
9.4.4. Asia-Pacific Torpedo, By Operation
9.5. Rest of the World
9.5.1. Rest of the World Torpedo, By Product Type
9.5.2. Rest of the World Torpedo, By Launch Platforms
9.5.3. Rest of the World Torpedo, By Propulsion
9.5.4. Rest of the World Torpedo, By Operation
10. Competitive Insights
10.1. Key Insights
10.2. Company Market Share Analysis
10.3. Strategic Outlook
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profiles
11.1. BAE Systems plc
11.1.1. Company Overview
11.1.2. Product/Service Landscape
11.1.3. Financial Overview
11.1.4. Recent Developments
11.2. thyssenkrupp AG
11.2.1. Company Overview
11.2.2. Product/Service Landscape
11.2.3. Financial Overview
11.2.4. Recent Developments
11.3. Raytheon Technologies Corporation
11.3.1. Company Overview
11.3.2. Product/Service Landscape
11.3.3. Financial Overview
11.3.4. Recent Developments
11.4. Saab AB
11.4.1. Company Overview
11.4.2. Product/Service Landscape
11.4.3. Financial Overview
11.4.4. Recent Developments
11.5. Leonardo S.p.A.
11.5.1. Company Overview
11.5.2. Product/Service Landscape
11.5.3. Financial Overview
11.5.4. Recent Developments
11.6. Bharat Dynamics Limited
11.6.1. Company Overview
11.6.2. Product/Service Landscape
11.6.3. Financial Overview
11.6.4. Recent Developments
11.7. ASELSAN AS
11.7.1. Company Overview
11.7.2. Product/Service Landscape
11.7.3. Financial Overview
11.7.4. Recent Developments
11.8. Naval Group
11.8.1. Company Overview
11.8.2. Product/Service Landscape
11.8.3. Financial Overview
11.8.4. Recent Developments
11.9. Lockheed Martin Corporation
11.9.1. Company Overview
11.9.2. Product/Service Landscape
11.9.3. Financial Overview
11.9.4. Recent Developments
11.10. Northrop Grumman Corporation
11.10.1. Company Overview
11.10.2. Product/Service Landscape
11.10.3. Financial Overview
11.10.4. Recent Developments
11.11. JSC Tactical Missiles Corporation
11.11.1. Company Overview
11.11.2. Product/Service Landscape
11.11.3. Financial Overview
11.11.4. Recent Developments
11.12. Mitsubishi Heavy Industries, Ltd.
11.12.1. Company Overview
11.12.2. Product/Service Landscape
11.12.3. Financial Overview
11.12.4. Recent Developments
The Torpedo Market has been segmented as below:
Torpedo Market, By Product Type
- Heavy Weight
- Light Weight
Torpedo Market, By Launch Platforms
- Aerial
- Naval
- Land
Torpedo Market, By Propulsion
- Electric
- Non-Electric
Torpedo Market, By Operation
- Straight-running
- Autonomous Homers
- Wire-guided
Torpedo Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Torpedo Market, By Company
- BAE Systems plc
- thyssenkrupp AG
- Raytheon Technologies Corporation
- Saab AB
- Leonardo S.p.A.
- Bharat Dynamics Limited
- ASELSAN AS
- Naval Group
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- JSC Tactical Missiles Corporation
- Mitsubishi Heavy Industries, Ltd.
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