Automobile & Transportation / Self Guided Torpedo Market - Global Growth, Trends And Forecast (2022- 2027) By Types, By Application, By Regions And By Key Players: Leonardo, Norinco Group, Lockheed Martin, Raytheon, Atlas Elektronik, Saab AB
Self Guided Torpedo Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: Leonardo, Norinco Group, Lockheed Martin, Raytheon, Atlas Elektronik, Saab AB
Registering a CAGR of 6.02% over the forecast period of 2022-2027, the global Self Guided Torpedo market is anticipated to reach the market value of US$ 2,188.7 million from US$ 1,256.7 million in the year 2021.
Self Guided Torpedo Market Overview
A modern self-guided torpedo is a self-propelled weapon with a volatile warhead, launched above or below the water surface, propelled underwater to a target, and planned to detonate either on contact with its target or in nearness to it.The increased production of light weight torpedoes is likely to meaningfully boost the Self Guided Torpedo market, going forward. Lockheed Martin along with other key Self Guided Torpedo manufacturers like Raytheon and Leonardo is most likely to benefit from such favorable projections in the years ahead.The consumption of Self Guided Torpedo is related to downstream industries and global economy. As there will continuously be some uncertain in the global economy in the following years, the growing rate of Self Guided Torpedo industry may not keep that fast. But it is surely estimated that the market of Self Guided Torpedo is still promising.The sea-launched segment currently dominates the market and is expected to continue its dominance during the forecast period. There has been a rapid increase in investments toward the procurement of new generation naval vessels. The development of nuclear submarines is expected to drive the growth of sea-launched torpedoes during the forecast period.
New version and launch customer for Leonardo A244/S light-weight torpedo- The Leonardo group has further advanced its family of successful and proven A244/S light-weight torpedoes (LWT) presenting a new version and gaining its first launch customer. No further information has been provided on the international operator, without identifying it as a new or current operator.
In October 2021, the Indian Defence Ministry signed a contract with the US government for the procurement of MK 54 torpedo as well as expendables such as chaff and flares for P-8I anti-submarine warfare aircraft of the Indian Navy. The contract was worth INR 423 crore (USD 56.38 million).
First introduce of the new Black Shark Advanced heavyweight torpedo- The torpedo launched in “Push Out” mode (water ram expulsion system, which ejects the torpedo by means high water pressure), was equipped in a totally innovative way, thanks to the new Lithium-Polymer Battery.
What are the major Applications, Types and Regions for Self Guided Torpedo Market?
Self Guided Torpedo Market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
Acoustic Homing Torpedo
Wake Homing Torpedo
By Applications, it is segmented into
Helicopter or Fixed Wing Aircraft
Naval Vessel-launched Torpedo
Aerial Platform-launched Torpedo
Self Guided Torpedo Market Regional Analysis
The Asia-Pacific region is anticipated to witness the highest growth during the forecast period, primarily due to the rapid growth in military expenditure of the countries in the region due to ongoing geopolitical issues and border tensions. Countries like China, India, and Japan are investing in the expansion of their existing naval fleet by procurement of new warships and submarines, replacing aging naval vessels. This is propelling the demand for the development and procurement of new generation torpedoes. For instance, In December 2021, India tested a long-range Supersonic Missile Assisted Torpedo (SMART) system developed by Defense Research and Development Organization (DRDO). All these factors greatly affect the Self Guided Torpedo market growth. It further aims at offering a complete overview on a detailed assessment of important features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis, and changing market growth factors in regions such as Follows,
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
The Self-Guided Torpedo Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Self Guided Torpedo Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Self Guided Torpedo Market report scope?
Forecast Period 2022 to 2028 CAGR
CAGR of 6.02% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Self Guided Torpedo Report
Evaluate Self-Guided Torpedo market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Self Guided Torpedo market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
What is the study period of this market?
The Self Guided Torpedo Market is studied from 2017 - 2027.
What is the growth rate of Self Guided Torpedo Market?
The Self Guided Torpedo Market is growing at a CAGR of 6.02% over the next 5 years.
What regions does this Self Guided Torpedo Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.