Torpedo Market By Weight, By Launch platform, By Propulsion : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

Technological developments in the torpedo market have improved propulsion and guiding systems as well as stealth capabilities. One prominent trend in smart technology and AI is their combination to improve targeting and countermeasure capabilities. Furthermore, submarine programs are directly associated with the demand for torpedoes. Moreover, there is an increase in demand for torpedoes as nations improve their submarine capabilities or purchase new submarines.

The underwater unmanned vehicle (UUV) and autonomous underwater vehicle (AUV) markets have been impacted by the advancement and application of these technologies. Torpedoes are frequently used by these systems for surveillance and other reasons, such as mine countermeasure. In addition, countries increase their naval capabilities, including the purchase of cutting-edge torpedoes for both offensive and defensive uses, in response to geopolitical tensions and regional conflicts.

The torpedo market has grown at a substantial rate due to nations with aggressive plans for naval expansion. Investments in cutting-edge torpedo systems are likely to come from naval forces seeking to preserve or improve their maritime security capabilities. Furthermore, advanced anti-submarine warfare capabilities are necessary due to security concerns, particularly in important maritime zones. Investments in torpedoes are more common in nations with long coastlines or those that face particular security risks. Moreover, governments and commercial military contractors working together promote the development and manufacturing of cutting-edge torpedoes. The technological advancements are carried out by public-private partnerships that helps spread the cost of research and development.

On the basis of weight, heavyweight torpedoes segment attained the highest market share in 2022 in the torpedo market. This is attributed to the fact that submarines, aircraft carriers, and surface ships are among the larger, more highly armored naval warships that heavyweight torpedoes are intended to strike and neutralize. They are capable of combating significant threats in naval warfare due to their larger size and enhanced firepower.

Meanwhile, the lightweight torpedoes segment is projected to be the fastest-growing segment during the forecast period. This is attributed to the fact that certain lightweight torpedoes are made with multiple uses in mind, meaning they hit both surface and underwater targets. The market share of lightweight torpedoes increase if navies value maneuverability and adaptability over the sheer firepower of heavyweight torpedoes.

On the basis of launch platform, the surface-launched segment attained the highest market share in 2022 in the torpedo market. This is attributed to the fact that the situations where surface-launched torpedoes might be more practicable or economical. Demand in this market could increase if navies believed surface ships to be adaptable and able to house torpedo systems that work for them.

Meanwhile, the air launched segment is projected to be the fastest-growing segment during the forecast period. This is attributed to the fact that air-launched torpedoes provide a high degree of operational flexibility. Aircraft cover large areas and respond rapidly to emerging threats. The capability to launch torpedoes from the air allows versatile and timely deployment in different maritime scenarios.

On the basis of propulsion, the electric propulsion segment attained the highest market share in 2022 in the torpedo market. This is attributed to the fact that it enables torpedoes to approach targets quietly and avoid being picked up by hostile sonar systems, this stealthy feature is essential in naval warfare. Torpedoes are more successful in anti-submarine warfare and other tasks due to their silent propulsion, which also improves the element of surprise.

Meanwhile, the conventional propulsion segment is projected to be the fastest-growing segment during the forecast period. This is attributed to the fact that torpedoes have long employed conventional propulsion systems, such as those on the basis of internal combustion engines or other conventional methods, since they are reliable and well-established. This continuous acceptability and use of technology is attributed to user familiarity.

The torpedo market is segmented on the basis of weight, launch platform, propulsion, and region. By weight, it is bifurcated into heavyweight torpedoes, and Lightweight Torpedoes. By launch platform, the market is classified into air launched, surface-launched, and underwater launched. By propulsion, it is fragmented into electric propulsion and conventional propulsion. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some major companies operating in the market are ASELSAN A.S., Atlas Elektronik GmbH, BAE Systems, Bharat Dynamics Limited, Leonardo S.p.A., Naval Group, Northrop Grumman, Raytheon techmologies, Rosoboronexport, and Saab.

KEY BENEFITS FOR STAKEHOLDERS

This study presents the analytical depiction of the torpedo market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall torpedo market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global torpedo market with a detailed impact analysis.
The current torpedo market is quantitatively analyzed from 2022 to 2032 to benchmark financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Additional benefits you will get with this purchase are:

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Investment Opportunities
Market share analysis of players by products/segments
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Weight

Lightweight Torpedoes
Heavyweight Torpedoes

By Launch platform

Air launched
Surface-launched
Underwater-launched

By Propulsion

Electric Propulsion
Conventional Propulsion

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

BAE Systems
Bharat Dynamics Limited
Leonardo S.p.A.
Naval Group
Northrop Grumman
Raytheon techmologies
Rosoboronexport
Saab
ASELSAN A.?.
Atlas Elektronik GmbH

Product Code: A314853

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: TORPEDO MARKET, BY WEIGHT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Heavyweight Torpedoes
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Lightweight Torpedoes
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: TORPEDO MARKET, BY LAUNCH PLATFORM

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Air launched
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Surface-launched
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Underwater-launched
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: TORPEDO MARKET, BY PROPULSION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Electric Propulsion
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Conventional Propulsion
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: TORPEDO MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Weight
- 7.2.3. Market size and forecast, by Launch platform
- 7.2.4. Market size and forecast, by Propulsion
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Weight
  - 7.2.5.1.2. Market size and forecast, by Launch platform
  - 7.2.5.1.3. Market size and forecast, by Propulsion
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Weight
  - 7.2.5.2.2. Market size and forecast, by Launch platform
  - 7.2.5.2.3. Market size and forecast, by Propulsion
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Weight
  - 7.2.5.3.2. Market size and forecast, by Launch platform
  - 7.2.5.3.3. Market size and forecast, by Propulsion
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Weight
- 7.3.3. Market size and forecast, by Launch platform
- 7.3.4. Market size and forecast, by Propulsion
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Market size and forecast, by Weight
  - 7.3.5.1.2. Market size and forecast, by Launch platform
  - 7.3.5.1.3. Market size and forecast, by Propulsion
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Market size and forecast, by Weight
  - 7.3.5.2.2. Market size and forecast, by Launch platform
  - 7.3.5.2.3. Market size and forecast, by Propulsion
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Weight
  - 7.3.5.3.2. Market size and forecast, by Launch platform
  - 7.3.5.3.3. Market size and forecast, by Propulsion
  - 7.3.5.4. Russia
  - 7.3.5.4.1. Market size and forecast, by Weight
  - 7.3.5.4.2. Market size and forecast, by Launch platform
  - 7.3.5.4.3. Market size and forecast, by Propulsion
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Weight
  - 7.3.5.5.2. Market size and forecast, by Launch platform
  - 7.3.5.5.3. Market size and forecast, by Propulsion
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Weight
- 7.4.3. Market size and forecast, by Launch platform
- 7.4.4. Market size and forecast, by Propulsion
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Weight
  - 7.4.5.1.2. Market size and forecast, by Launch platform
  - 7.4.5.1.3. Market size and forecast, by Propulsion
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Weight
  - 7.4.5.2.2. Market size and forecast, by Launch platform
  - 7.4.5.2.3. Market size and forecast, by Propulsion
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Weight
  - 7.4.5.3.2. Market size and forecast, by Launch platform
  - 7.4.5.3.3. Market size and forecast, by Propulsion
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Weight
  - 7.4.5.4.2. Market size and forecast, by Launch platform
  - 7.4.5.4.3. Market size and forecast, by Propulsion
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Weight
  - 7.4.5.5.2. Market size and forecast, by Launch platform
  - 7.4.5.5.3. Market size and forecast, by Propulsion
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Weight
- 7.5.3. Market size and forecast, by Launch platform
- 7.5.4. Market size and forecast, by Propulsion
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Weight
  - 7.5.5.1.2. Market size and forecast, by Launch platform
  - 7.5.5.1.3. Market size and forecast, by Propulsion
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Weight
  - 7.5.5.2.2. Market size and forecast, by Launch platform
  - 7.5.5.2.3. Market size and forecast, by Propulsion
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Weight
  - 7.5.5.3.2. Market size and forecast, by Launch platform
  - 7.5.5.3.3. Market size and forecast, by Propulsion

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. BAE Systems
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Bharat Dynamics Limited
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Leonardo S.p.A.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Naval Group
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Northrop Grumman
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Raytheon techmologies
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Rosoboronexport
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Saab
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. ASELSAN A.S.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Atlas Elektronik GmbH
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments