The "Global Torpedo Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The torpedo market is poised to grow by $219.79 million during 2020-2024 progressing at a CAGR of 4% during the forecast period.
The market is driven by the increasing investments in undersea capabilities, the growing development of lightweight torpedoes and surge in maritime conflicts.
This report on the torpedo market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
This study identifies the growing development of lightweight torpedoes as one of the prime reasons driving the torpedo market growth during the next few years. Also, increased use of optical fiber and collaborative development programs will lead to sizable demand in the market.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading torpedo market vendors that include ASELSAN AS, BAE Systems Plc, Honeywell International Inc., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and thyssenkrupp AG.
Also, the torpedo market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
The market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Naval vessels-launched torpedoes - Market size and forecast 2019-2024
Aerial platform-launched torpedoes - Market size and forecast 2019-2024
Market opportunity by Application
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
BAE Systems Plc
Honeywell International Inc.
Lockheed Martin Corp.
Mitsubishi Heavy Industries Ltd.
Northrop Grumman Corp.
Raytheon Technologies Corp.
For more information about this report visit https://www.researchandmarkets.com/r/wri55m
View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005607/en/
Laura Wood, Senior Press Manager
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