The Torpedo Market was valued at USD 945.1 million in 2022 and is projected to reach USD 1,448.23 million by 2030, growing at a CAGR of 5.48% during the forecast period from 2023 to 2030.

The present state of the market, as well as recent trends and drivers, and the overall market environment, are all evaluated in the study. The paper includes estimates and assessments of the global and regional Torpedo markets. The analysis contains historical data as well as a revenue forecast. For the full forecast period, the report examines market drivers and restraints that have an impact on demand. The research takes into account the market's opportunities in various international areas.

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Key Players:

  • ASELSAN AS
  • Atlas Elektronik GmbH
  • BAE Systems PLC
  • Bharat Dynamics Limited
  • Honeywell International Inc.
  • Leonardo S.P.A.
  • Lockheed Martin Corporation
  • Naval Group
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation

The report provides a competitive landscape and an analysis of Porter's Five Forces model for the industry to give market participants a thorough picture of the Torpedo market. The size, pace of growth, and general attractiveness of the market are also examined in the report across a number of domains, such as technology, function, product type, and end-user.

Market Segmentation

By Weight

  • Heavyweight Torpedoes
  • Lightweight Torpedoes

By Launch Platform

  •  Air-Launched
  • Surface-Launched
  • Underwater-Launched

By Propulsion

  • Electric Propulsion
  • Conventional Propulsion

Competitive Outlook

The report looks at Torpedo market share to find out more about the top rivals in the market. The following themes are included in the analysis on a global and regional level: mergers and acquisitions, the introduction of new technologies, contracts, alliances, partnerships, and joint ventures, technological advancements, and the geographic expansion of significant market players.

Large firms' regional product portfolios and price policies are also examined in the research study. For each of the top competitors in the market, contact information is also provided, along with summaries of the present companies, gross margins, selling prices, sales income, and sales volume.

Russia-Ukraine War Impact on Torpedo Market

The most recent research on the target market provides a full examination of the war between Russia and Ukraine and its effects on various regions of the globe. The paper also includes important recommendations that market participants should put into practice in order to lessen its negative impacts and maintain stability during an uncertain period.

Key Highlights of the Torpedo Market Research

  • This research covers new discoveries, undiscovered markets, present advancements, and market investments.
  • A comprehensive examination of the market strategies, as well as the geographical and business sectors, of the top competitors in the market.
  • A better comprehension of upcoming scientific discoveries, R&D projects, and product launches.
  • We apply strategic thinking to offer dependable and useful solutions to the concerns of our clients.

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