Market Growth Has Experienced a Change of 2.47% YoY in 2020
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The torpedo market is poised to grow by $219.79 million during 2020-2024 progressing at a CAGR of 4% during the forecast period.Speak directly to the analyst to clarify any post sales queries you may have.
This report on the torpedo market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the increasing investments in undersea capabilities, the growing development of lightweight torpedoes and surge in maritime conflicts. In addition, increasing investments in undersea capabilities is anticipated to boost the growth of the market as well.
The torpedo market analysis includes application segments and geographical landscapes.
The torpedo market is segmented as below:
By Application
- Naval vessels-launched
- Aerial platform-launched
By Geographic Landscapes
- North America
- APAC
- Europe
- MEA
- South America
This study identifies the growing development of lightweight torpedoes as one of the prime reasons driving the torpedo market growth during the next few years. Also, increased use of optical fiber and collaborative development programs will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our torpedo market covers the following areas:
- Torpedo market sizing
- Torpedo market forecast
- Torpedo market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading torpedo market vendors that include ASELSAN AS, BAE Systems Plc, Honeywell International Inc., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and thyssenkrupp AG. Also, the torpedo market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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 an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
The market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global torpedo market: ASELSAN AS, BAE Systems Plc, Honeywell International Inc., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and thyssenkrupp AG.According to one of the team's analysts: The latest trend gaining momentum in the market is growing development of lightweight torpedoes.
According to the report, one of the major drivers for this market is the increasing investments in undersea capabilities.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ASELSAN AS
- BAE Systems Plc
- Honeywell International Inc.
- Leonardo Spa
- Lockheed Martin Corp.
- Mitsubishi Heavy Industries Ltd.
- Northrop Grumman Corp.
- Raytheon Technologies Corp.
- Saab AB
- thyssenkrupp AG
