Torpedo Market
Torpedo Market - Global Industry Assessment & Forecast
#
Pages:
145
2022
Aug - 2023
VMR-VMR-2021-0155
Segments Covered
By
Product Heavyweight Torpedoes , Lightweight Torpedoes
-
By
Launched platform Air-launched , Surfaced-launched , Underwater-launched
-
By
Propulsion Electric Propulsion, Conventional Propulsion
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 936 Million |
 Revenue 2030:
|
USD 1454 Million |
 Revenue CAGR
(2023 - 2030): |
5.6% |
Fastest Growing Region (2023 -
2030)
|
Europe |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Torpedo Market by Product by Launched platform by Propulsion - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Overall Torpedo market size and regional/segmental trends
- Company market share and competitive scenario
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Torpedo market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Torpedo in terms of revenue?
-
The global Torpedo valued at USD 936 Million in 2022 and is expected to reach USD 1454 Million in 2030 growing at a CAGR of 5.6%.
Which are the prominent players in the market?
-
The prominent players in the market are Atlas Elektronik GmbH (Germany), BAE Systems PLC (U.K.), Lockheed Martin Corporation (U.S.), Naval Group (France), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.), Saab AB (Sweden), Sechan Electronics Inc. (U.S.), Bharat Dynamics Limited (India), Honeywell International Inc. (U.S.), Leonardo S.P.A. (Italy) .
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.6% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Torpedo include
- Increasing Naval Vessel Procurement as a result of an increasing Defense Budget to stimulate market growth
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Torpedo in 2022.
