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Torpedo Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global torpedo market reached a value of US$ 966 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,259 Million by 2027, exhibiting a CAGR of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A 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.

 

 
 

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Torpedo Market Trends and Drivers:

The 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&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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global torpedo market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on weight, launch platform and propulsion.

Breakup by Weight:

 

 
 

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  • Heavyweight Torpedoes
  • Lightweight Torpedoes
     

Breakup by Launch Platform:

  • Sea-launched
    • Surface-launched
    • Underwater-launched
  • Air-launched
     

Breakup by Propulsion:

  • Electric
  • Conventional
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Weight, Launch Platform, Propulsion, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aselsan, Atlas Elektronik GmbH, BAE Systems, Bharat Dynamics Limited, Leonardo SpA, Lockheed Martin Corporation, Naval Group, Northrop Grumman Corporation, Raytheon Company, Rosoboronexport and Saab AB
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Torpedo Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Weight
    6.1    Heavyweight Torpedoes
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lightweight Torpedoes
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Launch Platform
    7.1    Sea-launched
        7.1.1 Market Trends
        7.1.2 Major Types
             7.1.2.1 Surface-launched
             7.1.2.2 Underwater-launched
        7.1.3 Market Forecast
    7.2    Air-launched
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Propulsion
    8.1    Electric
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Conventional
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
    11.1    Overview
    11.2    Inbound Logistics
    11.3    Operations
    11.4    Outbound Logistics
    11.5    Marketing and Sales
    11.6    Post Sales Services
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aselsan 
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
        14.3.2    Atlas Elektronik GmbH
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
        14.3.3    BAE Systems
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
        14.3.4    Bharat Dynamics Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
        14.3.5    Leonardo SpA
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Lockheed Martin Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Naval Group
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
        14.3.8    Northrop Grumman Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Raytheon Company
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Rosoboronexport
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Saab AB
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 

List of Figures

Figure 1: Global: Torpedo Market: Major Drivers and Challenges
Figure 2: Global: Torpedo Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Torpedo Market: Breakup by Weight (in %), 2021
Figure 4: Global: Torpedo Market: Breakup by Launch Platform (in %), 2021
Figure 5: Global: Torpedo Market: Breakup by Propulsion (in %), 2021
Figure 6: Global: Torpedo Market: Breakup by Region (in %), 2021
Figure 7: Global: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Global: Torpedo (Heavyweight Torpedoes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Torpedo (Heavyweight Torpedoes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Torpedo (Lightweight Torpedoes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Torpedo (Lightweight Torpedoes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Torpedo (Sea-launched) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Torpedo (Sea-launched) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Torpedo (Air-launched) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Torpedo (Air-launched) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Torpedo (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Torpedo (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Torpedo (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Torpedo (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Canada: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Canada: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia Pacific: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: China: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: China: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Japan: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Japan: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: South Korea: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: South Korea: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Australia: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Australia: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Indonesia: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Indonesia: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Others: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Europe: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Europe: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Germany: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Germany: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: France: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: France: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United Kingdom: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United Kingdom: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Italy: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Italy: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Spain: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Spain: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Russia: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Russia: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Brazil: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Brazil: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Mexico: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Mexico: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Middle East and Africa: Torpedo Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Middle East and Africa: Torpedo Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Torpedo Industry: SWOT Analysis
Figure 69: Global: Torpedo Industry: Value Chain Analysis
Figure 70: Global: Torpedo Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Torpedo Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Torpedo Market Forecast: Breakup by Weight (in Million US$), 2022-2027
Table 3: Global: Torpedo Market Forecast: Breakup by Launch Platform (in Million US$), 2022-2027
Table 4: Global: Torpedo Market Forecast: Breakup by Propulsion (in Million US$), 2022-2027
Table 5: Global: Torpedo Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Torpedo Market: Competitive Structure
Table 7: Global: Torpedo Market: Key Players


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Key Questions Answered in This Report

The global torpedo market was valued at US$ 966 Million in 2021.

We expect the global torpedo market to exhibit a CAGR of 4.9% during 2022-2027.

The rising threats of terrorism, along with the increasing application of torpedo in submarine, ship, or an aircraft to strike other submarines and surface vessels, are primarily driving the global torpedo market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for torpedoes.

Based on the weight, the global torpedo market can be segmented into heavyweight torpedoes and lightweight torpedoes. Currently, heavyweight torpedoes hold the majority of the total market share.

Based on the launch platform, the global torpedo market has been divided into sea-launched and air-launched, where sea-launched, including surface launched currently exhibits a clear dominance in the market.

Based on the propulsion, the global torpedo market can be categorized into electric and conventional. Currently, electric accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global torpedo market include 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.

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