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Torpedo Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 149 pages | ID: TF0798DD43CBEN
IMARC Group

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Market Overview 2023-2028:

The global torpedo market size reached US$ 1,015 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,307 Million by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

A torpedo is a cigar-shaped, self-propelled underwater weapon that is launched from a submarine, ship or an aircraft to rupture the hulls of other submarines and surface vessels. It is one of the most preferred weapons that are utilized in marine warfare. The torpedo comprises intricate devices for controlling the depth and direction according to the signals received from an outside source and detonating the explosive-filled warhead when it strikes the target or comes close to it. At present, the demand for torpedoes is continuously rising owing to the growing threat of terrorism across the globe.

Torpedo Market Trends and Drivers:
The rising conflicts among different countries are encouraging governing agencies to increase their investments in the defense and military sector. This represents one of the major factors bolstering the global torpedo market growth. Besides this, they are also spending on the upgradation of their existing naval systems, especially the developed economies, which is positively influencing the sales of torpedoes. Furthermore, the introduction of advanced technologies, such as electric propulsion, advanced navigation and mini torpedoes, is escalating the market growth. Among these, electric propulsion torpedoes are currently gaining preference around the world on account of their advanced capabilities, such as high speed and fewer vibrations. Apart from this, the increasing investments in the research and development (R&D) activities to improve connectivity between submarines and weapons, intelligent controllers and ultra-broadband arrays are expected to strengthen the market growth in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global torpedo market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on weight, launch platform and propulsion.

Breakup by Weight:

Heavyweight Torpedoes
Lightweight Torpedoes

Breakup by Launch Platform:

Sea-launched
Surface-launched
Underwater-launched
Air-launched

Breakup by Propulsion:

Electric
Conventional

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aselsan, Atlas Elektronik GmbH, BAE Systems, Bharat Dynamics Limited, Leonardo SpA, Lockheed Martin Corporation, Naval Group, Northrop Grumman Corporation, Raytheon Company, Rosoboronexport, Saab AB, etc.

Key Questions Answered in This Report

1. What was the size of the global torpedo market in 2022?
2. What is the expected growth rate of the global torpedo market during 2023-2028?
3. What are the key factors driving the global torpedo market?
4. What has been the impact of COVID-19 on the global torpedo market?
5. What is the breakup of the global torpedo market based on the weight?
6. What is the breakup of the global torpedo market based on the launch platform?
7. What is the breakup of the global torpedo market based on propulsion?
8. What are the key regions in the global torpedo market?
9. Who are the key players/companies in the global torpedo market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL TORPEDO MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY WEIGHT

6.1Heavyweight Torpedoes
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Lightweight Torpedoes
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY LAUNCH PLATFORM

7.1Sea-launched
  7.1.1 Market Trends
  7.1.2 Major Types
    7.1.2.1 Surface-launched
    7.1.2.2 Underwater-launched
  7.1.3 Market Forecast
7.2Air-launched
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY PROPULSION

8.1Electric
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Conventional
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

11.1Overview
11.2Inbound Logistics
11.3Operations
11.4Outbound Logistics
11.5Marketing and Sales
11.6Post Sales Services

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE INDICATORS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1Aselsan
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
  14.3.2Atlas Elektronik GmbH
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
  14.3.3BAE Systems
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4Bharat Dynamics Limited
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5Leonardo SpA
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6Lockheed Martin Corporation
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7Naval Group
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
  14.3.8Northrop Grumman Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9Raytheon Company
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10Rosoboronexport
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11Saab AB
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Torpedo Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Torpedo Market Forecast: Breakup by Weight (in Million US$), 2023-2028
Table 3: Global: Torpedo Market Forecast: Breakup by Launch Platform (in Million US$), 2023-2028
Table 4: Global: Torpedo Market Forecast: Breakup by Propulsion (in Million US$), 2023-2028
Table 5: Global: Torpedo Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Torpedo Market: Competitive Structure
Table 7: Global: Torpedo Market: Key Players

LIST OF FIGURES

Figure 1: Global: Torpedo Market: Major Drivers and Challenges
Figure 2: Global: Torpedo Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Torpedo Market: Breakup by Weight (in %), 2022
Figure 4: Global: Torpedo Market: Breakup by Launch Platform (in %), 2022
Figure 5: Global: Torpedo Market: Breakup by Propulsion (in %), 2022
Figure 6: Global: Torpedo Market: Breakup by Region (in %), 2022
Figure 7: Global: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Torpedo (Heavyweight Torpedoes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Torpedo (Heavyweight Torpedoes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Torpedo (Lightweight Torpedoes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Torpedo (Lightweight Torpedoes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Torpedo (Sea-launched) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Torpedo (Sea-launched) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Torpedo (Air-launched) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Torpedo (Air-launched) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Torpedo (Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Torpedo (Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Torpedo (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Torpedo (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: North America: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: United States: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: United States: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Canada: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Canada: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Asia Pacific: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Asia Pacific: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: China: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: China: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Japan: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Japan: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: India: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: India: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: South Korea: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: South Korea: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Australia: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Australia: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Indonesia: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Indonesia: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Others: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Europe: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Europe: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Germany: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Germany: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: France: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: France: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: United Kingdom: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: United Kingdom: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Italy: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Italy: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Spain: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Spain: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Russia: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Russia: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Latin America: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Latin America: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Brazil: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Brazil: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Mexico: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Mexico: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Middle East and Africa: Torpedo Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Middle East and Africa: Torpedo Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Global: Torpedo Industry: SWOT Analysis
Figure 69: Global: Torpedo Industry: Value Chain Analysis
Figure 70: Global: Torpedo Industry: Porter’s Five Forces Analysis


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