Global Torpedo Market

$4,500.00

For platforms such as surface ships, helicopters, submarines, and aircraft, torpedoes are a deadly undersea weapon. A torpedo has components that allow it to adjust its course and depth in accordance with a predetermined plan or in reaction to signals from external sources. Additionally, there is a mechanism that sets off the explosive warhead as it approaches or collides with the target.

Description

Torpedo Market

Frequently Asked Questions of Torpedo Market

  • What is a torpedo?
    A contemporary torpedo is an underwater ranging weapon that is launched above or below the water's surface, self-propelled towards a target, and equipped with an explosive warhead that detonates on impact with or near the target.
  • What are the key trends in the market?
    Some of the key trends are AI, AESA radar, and distributed sensors
  • What are the drivers of the market?
    Some of the major drivers are increasing demand for torpedoes and increasing defense budgets
  • Who are the key players in the market?
    Some of the key players are Lockheed Martin, Raytheon, Northrop Grumman, and Elbit
  •  

    A torpedo market is a sea conceived as a weaponized system that is used on naval platforms to attack enemies. It is a lethal underwater weapon for platforms such as surface vessels, helicopters, submarines, and aircraft. A torpedo contains devices to control its direction and depth based on a pre-set plan or in response to the outside source signals. It is also a device that detonates the explosive warhead when it comes close to the target or strikes it. A torpedo is cigar-shaped. It is considered to be one of the most preferred weapons that is used in marine warfare.

    Currently, the torpedo’s demand is growing due to the increase in the threat of terrorism. A torpedo can be launched above or below the water surface. It has the ability to self-propel. There is a growing demand for the lightweight torpedo carried by aircraft, which in turn enhances the growth of lightweight torpedos. Upgradation of the existing naval system also paves way for the sales of the torpedos. The following factors escalate the Torpedo market growth; they are advanced navigation, mini torpedos, and electric propulsion, which are the advanced technologies. Among the above-mentioned technologies, electric propulsion gets more attention because of its advanced capabilities such as fewer vibrations and high speed.

    Major factors driving Torpedo Market Growth

    The Torpedo market size growth is boosted by rising maritime border dispute issues with the neighbouring countries. There is huge growth in the adoption of torpedos all across the world due to the increase in activities of terrorism. With increased terrorist activities, in countries across Europe and Asia pacific, the concerns regarding border security increased. Thus, to improve marine border security and marine mission capabilities, the developed country’s government are focussing on the development of submarines, maritime helicopters, and submarines armed with torpedoes.

    The new capabilities are tested by the countries, which support the Torpedo market size growth. For example, DRDO (Defense Research and development organization) India announces that they have successfully launched SMAT (Supersonic Missile Assisted Torpedo System); the full range of proposed distance was demonstrated successfully during the operation. This system is designed to combat submarine ability.

    Trends influencing the Torpedo Market Size

    Torpedo market trends, to detect and eliminate enemy submarines in distant waters and arctic latitudes, the robotic torpedo-carrying vessel is used which does this function automatically. Torpedo market trends, the boat that is robotic will be able to operate automatically and is being controlled by a small team and remotely controlled by the pilots from the advanced facility or a drone that is carried by ship. 35 km/hr is said to be the speed of the ship. It will operate for three continuous days without being refueled. It is also having two torpedos. For Example, The Russian defense announced that they were working on an A-14m-long robotic vessel, that is designed to boost and enhance its anti-submarine warfare capabilities and they are developed by the Russian navy.

    Torpedo Market Forecast & Dynamics

    Torpedo market analysis, There is an increase in the procurement of naval vessels, which owes to the growth of the defense budget, which in turn fosters the torpedo market growth. In the leading economic countries such as India, China, and the U.S there is a rise in defense budgets, which leads to an increase in the adoption of advanced torpedos with improved propulsion technology and guided system. A large amount of the defense budget has been allocated for the development and modernization of naval solutions. This in turn increases the procurement of naval vessels such as submarines, destroyers, and frigates in order to protect the marine border.

    Torpedo market forecast, in the forthcoming period, this factor will fuel the growth of torpedos. For example, Lockheed Martin has been awarded a contract from Damen Navel for MK 41 to support the F126 project. In this way, Lockheed Martin will support the development of new German navy frigates. Deployment of Ballistic Missiles in submarines and increasing cyber-attacks will hamper the growth of the market. There is an increase in the threat of cyber-attacks due to the changing nature of warfare and the increase in the adoption of the internet of things and artificial intelligence in maritime industries. Torpedo market analysis, In the forthcoming period, this will hamper the growth of the torpedo market. Once the location is fixed, the torpedo can be fired on the target. However, by getting access to the guided system the target path can be changed.

    Torpedo Market Analysis for Recent Developments

    Torpedo market reports, the US government awarded a contract to the Indian defense ministry worth INR 423 Crore. It is for the procurement of MK 54 torpedo as well as expendables such as flares and chaff for P-8I anti-submarine warfare aircraft of the Indian army. Torpedo market reports, Thales Australia was awarded a contract by the Australian department of defense worth USD 14.5 million, for the maintenance of the Royal Australian Navy’s MU90 torpedo.

     

    Table of Contents

    Torpedo Market Report Definition           

     

    Torpedo Market Segmentation 

    – By Region

    – By Launch Platform

    – By Type

     

    Torpedo Market Analysis for next 10 Years

     

    The 10-year torpedo market analysis would give a detailed overview of torpedo market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

     

    Market Technologies of Torpedo Market

    This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

     

    Global Torpedo Market Forecast  

    The 10-year torpedo market forecast of this market is covered in detailed across the segments which are mentioned above.

     

    Regional Torpedo Market Trends & Forecast

    The regional torpedo market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

     

    North America

    – Drivers, Restraints and Challenges

    – PEST

    – Market Forecast & Scenario Analysis

    – Key Companies

    – Supplier Tier Landscape

    – Company Benchmarking

    Europe

    Middle East

    APAC

    South America

     

    Country Analysis of Torpedo Market

    This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

     

    US

    – Defense Programs

    – Latest News

    – Patents

    – Current levels of technology maturation in this market

    – Market Forecast & Scenario Analysis

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

     

    Opportunity Matrix for Torpedo Market

    The opportunity matrix helps the readers understand the high opportunity segments in this market.

     

    Expert Opinions on Torpedo Market Report

    Hear from our experts their opinion of the possible analysis for this market.

    Conclusions

    About Aviation and Defense Market Reports

    Countries Covered

    US

    Canada

    Italy

    France

    Germany

    Netherlands

    Belgium

    Spain

    Sweden

    Greece

    Australia

    South Africa

    India

    China

    Russia

    South Korea

    Japan

    Malaysia

    Singapore

    Brazil

    Regions Covered

    North America

    South America

    Europe

    Middle East

    Asia

    Segments Covered

    By Region

    By Launch Platform

    By Type