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Global Torpedo Market 2017-2021

Global Torpedo Market 2017-2021

About Torpedo

Torpedoes are anti-submarine and anti-warship weapons used by navies across the globe with systems that are self-propelled and guided projectiles. These are operated mostly underwater and are designed to detonate on contact or in proximity to a target. Torpedoes may be launched from surface ships, submarines, fixed-wing aircraft, or helicopters. Torpedoes that are launched from warships or submarines are usually heavyweight torpedoes and the ones launched from aircraft are lightweight torpedoes.

Technavio’s analysts forecast the global torpedo market to grow at a CAGR of 3.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global torpedo market for 2017-2021. To calculate the market size, the report considers the torpedo procurement deals and the investment by each of the three regions (Americas, EMEA, and APAC) into manufacturing and acquiring torpedoes.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global torpedo Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ATLAS ELEKTRONIK
  • BAE Systems
  • Lockheed Martin
  • Raytheon
  • Saab
Other prominent vendors
  • Bharat Dynamics Limited (BDL)
  • DCNS
  • Honeywell International
  • Leonardo-Finmeccanica
  • Orbital ATK
Market driver
  • Advancements in undersea warfare
  • For a full, detailed list, view our report
Market challenge
  • Focus on development of advanced submarine-launched ballistic missiles
  • For a full, detailed list, view our report
Market trend
  • Development of hybrid torpedoes
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global torpedo Market 2017-2021

Technavio recognizes the following companies as the key players in the global torpedo market: ATLAS ELEKTRONIK, BAE Systems, Lockheed Martin, Raytheon, and Saab.

Other Prominent Vendors in the market are: Bharat Dynamics Limited (BDL), DCNS, Honeywell International, Leonardo-Finmeccanica, and Orbital ATK.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is development of hybrid torpedoes. Yu-8 is hybrid missile-torpedo that has capabilities of both incorporated into a single weapon. This rocket-boosted torpedo can be launched from a variety of platforms like vertical launch system”

According to the report, one of the major drivers for this market is advancements in undersea warfare. With rapid technical advancements happening in the field of undersea warfare, it is expected that the existing fleet of submarines would be replaced with more powerful and lethal ones. It is expected that close to 300 submarines will be present in the Indo-Pacific by 2030.

Further, the report states that one of the major factors hindering the growth of this market is focus on development of advanced submarine-launched ballistic missiles. Governments across the globe are seen increasing their investments on submarine-launched ballistic missiles (SLBMs) that usually have a higher impact, are faster, and have long-range capabilities. SLBMs also provide the flexibility of being launched from a torpedo tube.

Companies Mentioned

ATLAS ELEKTRONIK, BAE Systems, Lockheed Martin, Raytheon, Saab, Bharat Dynamics Limited (BDL), DCNS, Honeywell International, Leonardo-Finmeccanica, Orbital ATK.

  • Executive summary
  • Scope of the report
    • Table Key countries in different regions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Torpedo subsystems
  • Market landscape
    • Table Classification of global torpedo market
    • Market size and forecast
      • Table Global torpedo market 2016-2021 ($ billions)
      • Table Major granted patents (2012-2016)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Market segmentation by application 2016 and 2021
    • Table Global torpedo market by application 2016-2021 ($ millions)
    • Global aerial platform-launched torpedo market
      • Table Global aerial platform-launched torpedo market 2016-2021 ($ millions)
      • Table Maritime patrol aircraft with weapon capabilities
    • Global naval vessel-launched torpedo market
      • Table Global naval vessel-launched torpedo market 2016-2021 ($ millions)
  • Geographical segmentation
    • Table Segmentation of global torpedo market by geography 2016 and 2021 (% share)
    • Table Geographical segmentation of global torpedo market by revenue 2016-2021 ($ millions)
    • Torpedo market in Americas
      • Table Torpedo market in Americas 2016-2021 ($ millions)
    • Torpedo market in EMEA
      • Table Torpedo market in EMEA 2016-2021 ($ millions)
    • Torpedo market in APAC
      • Table Torpedo market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Table Benefits of lightweight torpedoes
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Comparison of Spearfish torpedo vs. UGM-133 Trident II SLBM
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Features of Varunastra torpedo
  • Vendor landscape
    • Competitive scenario
      • Table Major vendors of global torpedo market 2017
    • BAE Systems
      • Table BAE Systems: Business segmentation by revenue 2015 (% share)
      • Table BAE Systems: Divisions
      • Table BAE Systems in global torpedo market
    • ATLAS ELEKTRONIK
      • Table ATLAS ELEKTRONIK in global torpedo market
    • Lockheed Martin
      • Table Lockheed Martin: Business segmentation by revenue 2015 (%)
      • Table The company offers product and solutions across the followings verticals
      • Table Lockheed Martin in global torpedo market
    • Raytheon
      • Table Raytheon: Business segmentation by revenue 2015 (%)
      • Table The company offers the following product and solutions
      • Table Raytheon in global torpedo market
    • Saab
      • Table Raytheon: Business segmentation by revenue 2015 (%)
      • Table The company offers products under the following divisions
      • Table Saab in global torpedo market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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