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Torpedo Market  Analysis Report 2024: Market to Grow by a CAGR of 5.7 to 2032, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Torpedo Market by Weight (Heavyweight Torpedoes, Lightweight Torpedoes), by Launch Platform (Air-Launched, Surface-Launched, Underwater-Launched), by Propulsion (Electric Propulsion, Conventional Propulsion), by By Geography (North America), by Europe (U.K., Germany, France, Russia, Rest of Europe), by Asia Pacific (Japan, China, India, Rest of Asia Pacific), by Rest of the World (Latin America, Middle East & Africa) Forecast 2024-2032

Nov 22 2024
Base Year: 2023
150 Pages
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Torpedo Market  Analysis Report 2024: Market to Grow by a CAGR of 5.7 to 2032, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The Torpedo Market size was valued at USD 944.9 USD Million in 2023 and is projected to reach USD 1392.87 USD Million by 2032, exhibiting a CAGR of 5.7 % during the forecast period. The torpedo market is driven by advancements in underwater warfare technology and increased defence budgets. Modern torpedoes feature sophisticated guidance systems, enhanced propulsion, and advanced warheads. Key applications include anti-submarine warfare, surface ship attacks, and coastal defence. Torpedo types range from heavyweight to lightweight variants, with advancements in propulsion technology such as electric and thermal engines. The market is influenced by geopolitical tensions, technological innovations, and strategic military investments. Advantages of modern torpedoes include high precision, versatility in various marine environments, and significant deterrent capabilities. These factors collectively propel the growth and evolution of the torpedo market, making it a critical component of contemporary naval defence strategies.

Torpedo Market Research Report - Market Size, Growth & Forecast

Torpedo Trends

  • Shift towards lightweight and precision-guided torpedoes
  • Increasing adoption of electric propulsion systems
  • Integration of advanced sensors and guidance systems

Driving Forces: What's Propelling the Torpedo Market

  • Growing geopolitical tensions and territorial disputes
  • Modernization and expansion of naval fleets
  • Technological advancements in underwater warfare

Challenges and Restraints in Torpedo Market

  • High development and acquisition costs
  • Limited production capacity of certain torpedo types
  • Security concerns surrounding the transfer of sensitive technology

Emerging Trends in Torpedo

  • The development of hypersonic torpedoes
  • Autonomous and semi-autonomous torpedoes
  • Integration of artificial intelligence and machine learning

Growth Catalysts in Torpedo Industry

Torpedo Market Growth

  • Government investment in naval modernization programs
  • Collaboration between defense contractors and research institutions
  • Rising demand from emerging naval powers

Market Segmentation: Torpedo Analysis

By Weight

  • Heavyweight Torpedoes
  • Lightweight Torpedoes

By Launch Platform

  • Air-Launched
  • Surface-Launched
  • Underwater Launched

By Propulsion

  • Electric Propulsion
  • Conventional Propulsion

Leading Players in the Torpedo Market

  • ASELSAN AS (Turkey)
  • Atlas Elektronik GmbH (Germany)
  • BAE Systems PLC (U.K.)
  • Bharat Dynamics Limited (India)
  • Honeywell International Inc. (U.S.)
  • Leonardo S.P.A. (Italy)
  • Lockheed Martin Corporation (U.S.)
  • Naval Group (France)
  • Northrop Grumman Corporation (U.S.)
  • Raytheon Technologies Corporation (U.S.)
  • Rosoboronexport (Russia)
  • Saab AB (Sweden)
  • Plantronics Inc. (U.S.)
  • Sechwan Electronics Inc. (U.S.)

Significant developments in Torpedo Sector

  • Launch of the Mk 48 Mod 7 heavyweight torpedo by Lockheed Martin
  • Development of the Spearfish heavyweight torpedo by BAE Systems
  • Introduction of the F21 lightweight torpedo by Leonardo S.P.A.

Regional Insight

The market is dominated by Europe, followed by North America and the Asia-Pacific region. Key factors driving regional growth include defense spending, naval modernization programs, and technological advancements.

Torpedo Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.7% from 2018-2032
Segmentation
    • By Weight
      • Heavyweight Torpedoes
      • Lightweight Torpedoes
    • By Launch Platform
      • Air-Launched
      • Surface-Launched
      • Underwater-Launched
    • By Propulsion
      • Electric Propulsion
      • Conventional Propulsion
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • Russia
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Rest of the World
      • Latin America
      • Middle East & Africa

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Increasing Cyber Attacks and Deployment of Ballistic Missiles in Submarines to Hamper the Market Growth
      • 3.4. Market Trends
        • 3.4.1. Development of Small Satellite Constellations to Enhance Communication System
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Torpedo Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Weight
      • 5.1.1. Heavyweight Torpedoes
      • 5.1.2. Lightweight Torpedoes
    • 5.2. Market Analysis, Insights and Forecast - by Launch Platform
      • 5.2.1. Air-Launched
      • 5.2.2. Surface-Launched
      • 5.2.3. Underwater-Launched
    • 5.3. Market Analysis, Insights and Forecast - by Propulsion
      • 5.3.1. Electric Propulsion
      • 5.3.2. Conventional Propulsion
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. By Geography
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
      • 5.4.4. Rest of the World
  6. 6. By Geography Torpedo Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Weight
      • 6.1.1. Heavyweight Torpedoes
      • 6.1.2. Lightweight Torpedoes
    • 6.2. Market Analysis, Insights and Forecast - by Launch Platform
      • 6.2.1. Air-Launched
      • 6.2.2. Surface-Launched
      • 6.2.3. Underwater-Launched
    • 6.3. Market Analysis, Insights and Forecast - by Propulsion
      • 6.3.1. Electric Propulsion
      • 6.3.2. Conventional Propulsion
  7. 7. Europe Torpedo Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Weight
      • 7.1.1. Heavyweight Torpedoes
      • 7.1.2. Lightweight Torpedoes
    • 7.2. Market Analysis, Insights and Forecast - by Launch Platform
      • 7.2.1. Air-Launched
      • 7.2.2. Surface-Launched
      • 7.2.3. Underwater-Launched
    • 7.3. Market Analysis, Insights and Forecast - by Propulsion
      • 7.3.1. Electric Propulsion
      • 7.3.2. Conventional Propulsion
  8. 8. Asia Pacific Torpedo Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Weight
      • 8.1.1. Heavyweight Torpedoes
      • 8.1.2. Lightweight Torpedoes
    • 8.2. Market Analysis, Insights and Forecast - by Launch Platform
      • 8.2.1. Air-Launched
      • 8.2.2. Surface-Launched
      • 8.2.3. Underwater-Launched
    • 8.3. Market Analysis, Insights and Forecast - by Propulsion
      • 8.3.1. Electric Propulsion
      • 8.3.2. Conventional Propulsion
  9. 9. Rest of the World Torpedo Market Analysis, Insights and Forecast, 2018-2030
    • 9.1. Market Analysis, Insights and Forecast - by Weight
      • 9.1.1. Heavyweight Torpedoes
      • 9.1.2. Lightweight Torpedoes
    • 9.2. Market Analysis, Insights and Forecast - by Launch Platform
      • 9.2.1. Air-Launched
      • 9.2.2. Surface-Launched
      • 9.2.3. Underwater-Launched
    • 9.3. Market Analysis, Insights and Forecast - by Propulsion
      • 9.3.1. Electric Propulsion
      • 9.3.2. Conventional Propulsion
  10. 10. North America Torpedo Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Weight
        • 10.1.1. Heavyweight Torpedoes and Lightweight Torpedoes
      • 10.2. Market Analysis, Insights and Forecast - By Launch Platform
        • 10.2.1 Air-Launched
        • 10.2.2 Surface-Launched
        • 10.2.3 and Underwater-Launched
      • 10.3. Market Analysis, Insights and Forecast - By Propulsion
        • 10.3.1. Electric Propulsion and Conventional Propulsion
      • 10.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.4.1 United States
        • 10.4.2 Canada
        • 10.4.3 Mexico
  11. 11. South America Torpedo Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Weight
        • 11.1.1. Heavyweight Torpedoes and Lightweight Torpedoes
      • 11.2. Market Analysis, Insights and Forecast - By Launch Platform
        • 11.2.1 Air-Launched
        • 11.2.2 Surface-Launched
        • 11.2.3 and Underwater-Launched
      • 11.3. Market Analysis, Insights and Forecast - By Propulsion
        • 11.3.1. Electric Propulsion and Conventional Propulsion
      • 11.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.4.1 Brazil
        • 11.4.2 Argentina
        • 11.4.3 Rest of South America
  12. 12. Asia Pacific Torpedo Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Weight
        • 12.1.1. Heavyweight Torpedoes and Lightweight Torpedoes
      • 12.2. Market Analysis, Insights and Forecast - By Launch Platform
        • 12.2.1 Air-Launched
        • 12.2.2 Surface-Launched
        • 12.2.3 and Underwater-Launched
      • 12.3. Market Analysis, Insights and Forecast - By Propulsion
        • 12.3.1. Electric Propulsion and Conventional Propulsion
      • 12.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.4.1 China
        • 12.4.2 India
        • 12.4.3 Japan
        • 12.4.4 South Korea
        • 12.4.5 ASEAN
        • 12.4.6 Oceania
        • 12.4.7 Rest of Asia Pacific
  13. 13. Europe Torpedo Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Weight
        • 13.1.1. Heavyweight Torpedoes and Lightweight Torpedoes
      • 13.2. Market Analysis, Insights and Forecast - By Launch Platform
        • 13.2.1 Air-Launched
        • 13.2.2 Surface-Launched
        • 13.2.3 and Underwater-Launched
      • 13.3. Market Analysis, Insights and Forecast - By Propulsion
        • 13.3.1. Electric Propulsion and Conventional Propulsion
      • 13.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.4.1 Germany
        • 13.4.2 France
        • 13.4.3 Italy
        • 13.4.4 United Kingdom
        • 13.4.5 Netherlands
        • 13.4.6 Rest of Europe
  14. 14. MEA Torpedo Market Analysis, Insights and Forecast, 2018-2030
      • 14.1. Market Analysis, Insights and Forecast - By Weight
        • 14.1.1. Heavyweight Torpedoes and Lightweight Torpedoes
      • 14.2. Market Analysis, Insights and Forecast - By Launch Platform
        • 14.2.1 Air-Launched
        • 14.2.2 Surface-Launched
        • 14.2.3 and Underwater-Launched
      • 14.3. Market Analysis, Insights and Forecast - By Propulsion
        • 14.3.1. Electric Propulsion and Conventional Propulsion
      • 14.4. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 14.4.1 Middle East
        • 14.4.2 Africa
  15. 15. Competitive Analysis
    • 15.1. Global Market Share Analysis 2023
      • 15.2. Company Profiles
        • 15.2.1 ASELSAN AS (Turkey)
          • 15.2.1.1. Overview
          • 15.2.1.2. Products
          • 15.2.1.3. SWOT Analysis
          • 15.2.1.4. Recent Developments
          • 15.2.1.5. Financials (Based on Availability)
        • 15.2.2 Atlas Elektronik GmbH (Germany)
          • 15.2.2.1. Overview
          • 15.2.2.2. Products
          • 15.2.2.3. SWOT Analysis
          • 15.2.2.4. Recent Developments
          • 15.2.2.5. Financials (Based on Availability)
        • 15.2.3 BAE Systems PLC (U.K.)
          • 15.2.3.1. Overview
          • 15.2.3.2. Products
          • 15.2.3.3. SWOT Analysis
          • 15.2.3.4. Recent Developments
          • 15.2.3.5. Financials (Based on Availability)
        • 15.2.4 Bharat Dynamics Limited (India)
          • 15.2.4.1. Overview
          • 15.2.4.2. Products
          • 15.2.4.3. SWOT Analysis
          • 15.2.4.4. Recent Developments
          • 15.2.4.5. Financials (Based on Availability)
        • 15.2.5 Honeywell International Inc. (U.S.)
          • 15.2.5.1. Overview
          • 15.2.5.2. Products
          • 15.2.5.3. SWOT Analysis
          • 15.2.5.4. Recent Developments
          • 15.2.5.5. Financials (Based on Availability)
        • 15.2.6 Leonardo S.P.A. (Italy)
          • 15.2.6.1. Overview
          • 15.2.6.2. Products
          • 15.2.6.3. SWOT Analysis
          • 15.2.6.4. Recent Developments
          • 15.2.6.5. Financials (Based on Availability)
        • 15.2.7 Lockheed Martin Corporation (U.S.)
          • 15.2.7.1. Overview
          • 15.2.7.2. Products
          • 15.2.7.3. SWOT Analysis
          • 15.2.7.4. Recent Developments
          • 15.2.7.5. Financials (Based on Availability)
        • 15.2.8 Naval Group (France)
          • 15.2.8.1. Overview
          • 15.2.8.2. Products
          • 15.2.8.3. SWOT Analysis
          • 15.2.8.4. Recent Developments
          • 15.2.8.5. Financials (Based on Availability)
        • 15.2.9 Northrop Grumman Corporation (U.S.)
          • 15.2.9.1. Overview
          • 15.2.9.2. Products
          • 15.2.9.3. SWOT Analysis
          • 15.2.9.4. Recent Developments
          • 15.2.9.5. Financials (Based on Availability)
        • 15.2.10 Raytheon Technologies Corporation (U.S.)
          • 15.2.10.1. Overview
          • 15.2.10.2. Products
          • 15.2.10.3. SWOT Analysis
          • 15.2.10.4. Recent Developments
          • 15.2.10.5. Financials (Based on Availability)
        • 15.2.11 Rosoboronexport (Russia)
          • 15.2.11.1. Overview
          • 15.2.11.2. Products
          • 15.2.11.3. SWOT Analysis
          • 15.2.11.4. Recent Developments
          • 15.2.11.5. Financials (Based on Availability)
        • 15.2.12 Saab AB (Sweden)
          • 15.2.12.1. Overview
          • 15.2.12.2. Products
          • 15.2.12.3. SWOT Analysis
          • 15.2.12.4. Recent Developments
          • 15.2.12.5. Financials (Based on Availability)
        • 15.2.13 Sechan Electronics Inc. (U.S.)
          • 15.2.13.1. Overview
          • 15.2.13.2. Products
          • 15.2.13.3. SWOT Analysis
          • 15.2.13.4. Recent Developments
          • 15.2.13.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Torpedo Market Revenue Breakdown (USD Million, %) by Region 2023 & 2031
  2. Figure 2: Global Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  3. Figure 3: Global Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  4. Figure 4: Global Torpedo Market Forecast (USD Million), by Heavyweight Torpedoes 2020 & 2031
  5. Figure 5: Global Torpedo Market Forecast (USD Million), by Lightweight Torpedoes 2020 & 2031
  6. Figure 6: Global Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  7. Figure 7: Global Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  8. Figure 8: Global Torpedo Market Forecast (USD Million), by Air-Launched 2020 & 2031
  9. Figure 9: Global Torpedo Market Forecast (USD Million), by Surface-Launched 2020 & 2031
  10. Figure 10: Global Torpedo Market Forecast (USD Million), by Underwater-Launched 2020 & 2031
  11. Figure 11: Global Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  12. Figure 12: Global Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  13. Figure 13: Global Torpedo Market Forecast (USD Million), by Electric Propulsion 2020 & 2031
  14. Figure 14: Global Torpedo Market Forecast (USD Million), by Conventional Propulsion 2020 & 2031
  15. Figure 15: Global Torpedo Market Revenue (USD Million), by Region 2023 & 2031
  16. Figure 16: Global Torpedo Market Revenue Share (%), by Region 2023 & 2031
  17. Figure 17: North America Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  18. Figure 18: North America Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  19. Figure 19: North America Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  20. Figure 20: North America Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  21. Figure 21: North America Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  22. Figure 22: North America Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  23. Figure 23: North America Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  24. Figure 24: North America Torpedo Market Revenue Share (%), by Country 2023 & 2031
  25. Figure 25: South America Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  26. Figure 26: South America Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  27. Figure 27: South America Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  28. Figure 28: South America Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  29. Figure 29: South America Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  30. Figure 30: South America Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  31. Figure 31: South America Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  32. Figure 32: South America Torpedo Market Revenue Share (%), by Country 2023 & 2031
  33. Figure 33: Asia Pacific Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  34. Figure 34: Asia Pacific Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  35. Figure 35: Asia Pacific Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  36. Figure 36: Asia Pacific Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  37. Figure 37: Asia Pacific Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  38. Figure 38: Asia Pacific Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  39. Figure 39: Asia Pacific Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  40. Figure 40: Asia Pacific Torpedo Market Revenue Share (%), by Country 2023 & 2031
  41. Figure 41: Europe Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  42. Figure 42: Europe Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  43. Figure 43: Europe Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  44. Figure 44: Europe Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  45. Figure 45: Europe Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  46. Figure 46: Europe Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  47. Figure 47: Europe Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  48. Figure 48: Europe Torpedo Market Revenue Share (%), by Country 2023 & 2031
  49. Figure 49: MEA Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  50. Figure 50: MEA Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  51. Figure 51: MEA Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  52. Figure 52: MEA Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  53. Figure 53: MEA Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  54. Figure 54: MEA Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  55. Figure 55: MEA Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  56. Figure 56: MEA Torpedo Market Revenue Share (%), by Country 2023 & 2031
  57. Figure 57: By Geography Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  58. Figure 58: By Geography Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  59. Figure 59: By Geography Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  60. Figure 60: By Geography Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  61. Figure 61: By Geography Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  62. Figure 62: By Geography Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  63. Figure 63: By Geography Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  64. Figure 64: By Geography Torpedo Market Revenue Share (%), by Country 2023 & 2031
  65. Figure 65: Europe Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  66. Figure 66: Europe Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  67. Figure 67: Europe Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  68. Figure 68: Europe Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  69. Figure 69: Europe Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  70. Figure 70: Europe Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  71. Figure 71: Europe Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  72. Figure 72: Europe Torpedo Market Revenue Share (%), by Country 2023 & 2031
  73. Figure 73: Asia Pacific Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  74. Figure 74: Asia Pacific Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  75. Figure 75: Asia Pacific Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  76. Figure 76: Asia Pacific Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  77. Figure 77: Asia Pacific Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  78. Figure 78: Asia Pacific Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  79. Figure 79: Asia Pacific Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  80. Figure 80: Asia Pacific Torpedo Market Revenue Share (%), by Country 2023 & 2031
  81. Figure 81: Rest of the World Torpedo Market Revenue (USD Million), by Weight 2023 & 2031
  82. Figure 82: Rest of the World Torpedo Market Revenue Share (%), by Weight 2023 & 2031
  83. Figure 83: Rest of the World Torpedo Market Revenue (USD Million), by Launch Platform 2023 & 2031
  84. Figure 84: Rest of the World Torpedo Market Revenue Share (%), by Launch Platform 2023 & 2031
  85. Figure 85: Rest of the World Torpedo Market Revenue (USD Million), by Propulsion 2023 & 2031
  86. Figure 86: Rest of the World Torpedo Market Revenue Share (%), by Propulsion 2023 & 2031
  87. Figure 87: Rest of the World Torpedo Market Revenue (USD Million), by Country 2023 & 2031
  88. Figure 88: Rest of the World Torpedo Market Revenue Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  2. Table 2: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  3. Table 3: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  4. Table 4: Global Torpedo Market Revenue USD Million Forecast, by Region 2018 & 2031
  5. Table 5: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  6. Table 6: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  7. Table 7: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  8. Table 8: Global Torpedo Market Revenue USD Million Forecast, by Region 2018 & 2031
  9. Table 9: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  10. Table 10: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  11. Table 11: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  12. Table 12: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  13. Table 13: United States Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  14. Table 14: Canada Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  15. Table 15: Mexico Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  16. Table 16: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  17. Table 17: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  18. Table 18: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  19. Table 19: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  20. Table 20: Brazil Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  21. Table 21: Argentina Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  22. Table 22: Rest of South America Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  23. Table 23: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  24. Table 24: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  25. Table 25: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  26. Table 26: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  27. Table 27: China Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  28. Table 28: India Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  29. Table 29: Japan Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  30. Table 30: South Korea Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  31. Table 31: ASEAN Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  32. Table 32: Oceania Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  33. Table 33: Rest of Asia Pacific Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  34. Table 34: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  35. Table 35: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  36. Table 36: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  37. Table 37: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  38. Table 38: Germany Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  39. Table 39: France Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  40. Table 40: Italy Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  41. Table 41: United Kingdom Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  42. Table 42: Netherlands Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  43. Table 43: Rest of Europe Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  44. Table 44: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  45. Table 45: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  46. Table 46: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  47. Table 47: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  48. Table 48: Middle East Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  49. Table 49: Africa Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  50. Table 50: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  51. Table 51: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  52. Table 52: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  53. Table 53: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  54. Table 54: North America Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  55. Table 55: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  56. Table 56: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  57. Table 57: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  58. Table 58: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  59. Table 59: U.K. Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  60. Table 60: Germany Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  61. Table 61: France Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  62. Table 62: Russia Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  63. Table 63: Rest of Europe Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  64. Table 64: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  65. Table 65: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  66. Table 66: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  67. Table 67: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  68. Table 68: Japan Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  69. Table 69: China Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  70. Table 70: India Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  71. Table 71: Rest of Asia Pacific Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  72. Table 72: Global Torpedo Market Revenue USD Million Forecast, by Weight 2018 & 2031
  73. Table 73: Global Torpedo Market Revenue USD Million Forecast, by Launch Platform 2018 & 2031
  74. Table 74: Global Torpedo Market Revenue USD Million Forecast, by Propulsion 2018 & 2031
  75. Table 75: Global Torpedo Market Revenue USD Million Forecast, by Country 2018 & 2031
  76. Table 76: Latin America Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  77. Table 77: Middle East & Africa Torpedo Market Revenue (USD Million) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.7% from 2018-2032
Segmentation
    • By Weight
      • Heavyweight Torpedoes
      • Lightweight Torpedoes
    • By Launch Platform
      • Air-Launched
      • Surface-Launched
      • Underwater-Launched
    • By Propulsion
      • Electric Propulsion
      • Conventional Propulsion
  • By Geography
    • By Geography
      • North America
    • Europe
      • U.K.
      • Germany
      • France
      • Russia
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Rest of the World
      • Latin America
      • Middle East & Africa

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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