PUBLISHER: Lucintel | PRODUCT CODE: 1455979
PUBLISHER: Lucintel | PRODUCT CODE: 1455979
Torpedo Trends and Forecast
The future of the global torpedo market looks promising with opportunities in the electric propulsion and conventional propulsion markets. The global torpedo market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising adoption of anti-submarine, growing maritime border dispute among neighboring countries, and increasing procurement of naval vessels.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Torpedo by Segment
The study includes a forecast for the global torpedo by weight, launch platform, propulsion, and region.
List of Torpedo Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies torpedo companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the torpedo companies profiled in this report include-
Torpedo Market Insights
Lucintel forecasts that heavyweight will remain the larger segment over the forecast period due to its increasing use to enhance the naval force's capacity to carry out combat missions.
Within this market, electric propulsion is expected to witness the higher growth.
North America is expected to witness highest growth over the forecast period due to growing government spending on procurement of new vessels and presence of key players in the region.
Features of the Global Torpedo Market
Market Size Estimates: Torpedo market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Torpedo market size by weight, launch platform, propulsion, and region in terms of value ($B).
Regional Analysis: Torpedo market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different weights, launch platforms, propulsions, and regions for the torpedo market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the torpedo market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the torpedo market size?
Answer: The global torpedo market is expected to reach an estimated $1.4 billion by 2030.
Q2. What is the growth forecast for torpedo market?
Answer: The global torpedo market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the torpedo market?
Answer: The major drivers for this market are rising adoption of anti-submarine, growing maritime border dispute among neighboring countries, and increasing procurement of naval vessels.
Q4. What are the major segments for torpedo market?
Answer: The future of the torpedo market looks promising with opportunities in the electric propulsion and conventional propulsion markets.
Q5. Who are the key torpedo market companies?
Answer: Some of the key torpedo companies are as follows:
Q6. Which torpedo market segment will be the largest in future?
Answer: Lucintel forecasts that heavyweight will remain the larger segment over the forecast period due to its increasing use to enhance the naval force's capacity to carry out combat missions.
Q7. In torpedo market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing government spending on procurement of new vessels and presence of key players in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.