{"product_id":"torpedo-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Torpedo Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eTorpedo Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview 2023-2028:\u003c\/p\u003e\n\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\n\u003cp\u003eA 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.\u003c\/p\u003e\n\n\u003cp\u003eTorpedo Market Trends and Drivers:\u003cbr\u003e\nThe 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\u0026amp;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.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC 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.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Weight:\u003c\/p\u003e\n\n\u003cp\u003eHeavyweight Torpedoes\u003cbr\u003e\nLightweight Torpedoes\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Launch Platform:\u003c\/p\u003e\n\n\u003cp\u003eSea-launched\u003cbr\u003e\nSurface-launched\u003cbr\u003e\nUnderwater-launched\u003cbr\u003e\nAir-launched\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Propulsion:\u003c\/p\u003e\n\n\u003cp\u003eElectric\u003cbr\u003e\nConventional\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe 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.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the size of the global torpedo market in 2022?\u003cbr\u003e\n2. What is the expected growth rate of the global torpedo market during 2023-2028?\u003cbr\u003e\n3. What are the key factors driving the global torpedo market?\u003cbr\u003e\n4. What has been the impact of COVID-19 on the global torpedo market?\u003cbr\u003e\n5. What is the breakup of the global torpedo market based on the weight?\u003cbr\u003e\n6. What is the breakup of the global torpedo market based on the launch platform?\u003cbr\u003e\n7. What is the breakup of the global torpedo market based on propulsion?\u003cbr\u003e\n8. What are the key regions in the global torpedo market?\u003cbr\u003e\n9. Who are the key players\/companies in the global torpedo market?\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"September, 2023 \/ 149 Pages \/ MCW16264931","offer_id":47698388615474,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/torpedo-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}