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2021
Self-guided Torpedo Market

Self-Guided Torpedo Market by Product (Acoustic Homing Torpedo and Wake Homing Torpedo), Type (Heavyweight Torpedo and Lightweight Torpedo), and Application (Naval Vessel-launched Torpedo and Aerial Platform-launched Torpedo): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13689
Pages: 240
Sep 2021 | 196 Views
   
Author(s) : Himanshu Joshi , Sonia Mutreja
Tables: 106
Charts: 68
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Self-Guided Torpedo Market Statistics 2021–2030:

The global self-guided torpedo market was valued at $1,256.7 million in 2020, and is projected to reach $2,188.7 million in 2030, registering a CAGR of 6.0%.  

The rapid spread of COVID-19 had a significant impact on the global self-guided torpedo market in 2020, owing to the decline in financial growth across the world. COVID-19 pandemic led to several challenges for the self-guided torpedo industry such as disruption in the supply chain of raw materials, logistics challenges, and others. On the other hand, the self-guided torpedo equipment manufacturers had to reduce expansion and R&D investments to withstand the decline in revenue and operating performance of the defense industry. The delay in purchase orders and slow production rate were some of the challenges observed in the self-guided torpedo market throughout the year, and are expected to continue for a few years.

Torpedo is the most preferred lethal underwater weapons for naval platforms such as submarines, surface vessels, aircraft, and helicopters. A modern torpedo contains intricate devices to control its depth and direction according to a pre-set plan or in response to signals received from an outside source, as well as a device that detonates the explosive-filled warhead when it strikes its target or comes close to it.

Self-Guided-Torpedo-Market,-2021-2030

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The global self-guided torpedo market is segmented into product, type, application, and region. On the basis of product, the market divided into acoustic homing torpedo and wake homing torpedo. Depending on type, it is bifurcated into heavyweight torpedo and lightweight torpedo. By application, it is segregated into naval vessel-launched torpedo and aerial platform-launched torpedo. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global self-guided torpedo market include ATLAS ELEKTRONIK GmbH, BAE Systems plc, Honeywell International Inc., Leonardo S.p.A., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Naval Group, Northrop Grumman Corporation, Raytheon Technologies Corporation, and Saab AB.

Rise in number of territorial conflicts throughout the world

Six countries lay overlapping rights to the South and East China Seas, which are abundant in natural gas and hydrocarbons, and via which trillions of dollars of international trade flow is carried out annually. As China enlarges its naval dominance and constructs military bases on man-made islands, it has experienced increasing resistance from other regional claimants such as Japan, Vietnam, and the Philippines.

Modern torpedoes are one of the most complex naval technologies to develop, and China is one of the countries that can independently develop and produce torpedoes. The Chinese Navy has a fair quantity of torpedoes to defend and attack enemy vessels. Vietnam is gradually strengthening its military against increasingly aggressive China. In August 2021, in continuance with the ongoing deployment of the Indian Navy ships in the South China Sea, INS Ranvijay and INS Kora undertook bilateral maritime exercise with Vietnam People’s Navy frigate VPNS Ly Thai To (HQ-012). The bilateral interaction aims to consolidate the strong bond shared by the two navies and would be another step toward strengthening India–Vietnam defense relations.

Frequent standoffs range from the Senkaku/Diaoyu Islands on China’s eastern edge to the long stretch of archipelagos in the South China Sea that encompass hundreds of islands. In addition, U.S. has built up its military activities and maritime presence in the seas, indicating the country’s raised role in the clashes, which, if not handled properly, might turn part of Asia’s naval regions from flourishing trade channels into grounds of continuous conflicts. Thus, rise in conflicts across different parts of the world to gain dominance in commercial or defense arenas is expected to drive the growth of the global self-guided torpedo market during the forecast timeframe. 

Self-Guided Torpedo Market
By Product

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Wake Homing Torpedo is projected as the most lucrative segments

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Increase in naval modernization programs

As maritime security is one of the most critical defense units, naval modernization initiatives can be witnessed throughout the world. China’s naval modernization program includes a wide range of ships, airplanes, and wire-guided, and wake-homing torpedoes, in addition to enhancements in upkeep & logistics, personnel education, and training. China’s navy modernization initiatives are aimed at increasing competencies for handling any unfortunate set of events or for achieving a greater degree of control over China’s near-seas region, protecting China’s commercial sea lines of communication (SLOCs), principally those connecting China to the Persian Gulf; for challenging the U.S.’s impact in the Western Pacific; and for asserting China’s position as a major world power.

In June 2021, the U.S. Navy publicized a long-duration Navy ship-building document that presents the U.S. Government’s evolving replacement to the 355-ship force-level objective. The Navy’s planned 2022 financial year budget seeks the purchase of eight new vessels, including two Virginia-class attack submarines (SSNs); one Arleigh Burke (DDG-51) class destroyer; one Constellation (FFG-62) class frigate; one John Lewis (TAO-205) class oiler; two TATS towing, salvage, and rescue ships; and one TAGOS(X) ocean surveillance ship. As the Asia-Pacific waters are becoming increasingly unstable geopolitically, Singapore is focusing more on strengthening its naval capabilities to protect its interests in the regional waters. With the aim of withstanding any potential attack by a larger regional navy, Singapore is acquiring new naval assets, including submarines that can carry a significant number of torpedoes. In June 2021, The Indian Ministry of Defense cleared a mega submarine project worth billions of dollars to build six stealth submarines under Project-75 India for the Indian Navy to tackle the increased presence of Chinese vessels in the Indian Ocean.

Thus, rise in modernization programs in one of the largest navies in the world is expected to notably contribute toward the growth of the global self-guided torpedo market.

Self-Guided Torpedo Market
By Type

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Lightweight Torpedo is projected as the most lucrative segments

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Rise in incorporation of anti-torpedo defense systems in combat vessels

Naval forces worldwide are pushing the induction of anti-torpedo defense systems to ensure the safety of combat submarines. In February 2021, an Israeli defense technology company, Rafael Advanced Defense Systems and Bharat Dynamics Limited (BDL) announced a partnership for joint induction of an anti-torpedo defense system called SHADE for the Indian Navy. According to the statement by Rafael Advanced Defense Systems, SHADE will be the first system in the world to employ a combination of soft kill and hard kill decoys, thereby providing a robust and effective defense against modern torpedoes. In October 2020, a shipment of acoustic torpedo countermeasure jammers and decoys meant for the Indonesian Navy’s (Tentara Nasional Indonesia – Angkatan Laut: TNI-AL’s) Nagapasa (Type 209/1400)-class diesel-electric submarines arrived in Indonesia. Other navies such as Australia and the U.S. Navy are soon expected to induct torpedo countermeasures for submarine defense. For instance, in July 2019, Naval Group, Europe's leading naval shipbuilder, submitted a proposal to partner with Australian businesses and industry to locally produce the latest generation torpedo countermeasure technology, CANTO. In January 2019, Leidos was awarded a contract by the U.S. Navy’s Naval Sea Systems Command to develop torpedo countermeasure technologies for submarine defense, the U.S. company said on January 10, 2019. Thus, rise in induction of anti-torpedo or torpedo countermeasure systems in submarines is expected to safeguard the defense vessels against torpedo attacks, which is expected to limit the growth of the global self-guided torpedo market.

Self-Guided Torpedo Market
By Application

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Aerial Platform Launched Torpedo is projected as the most lucrative segments

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Surge in demand from aircraft to carry lightweight torpedo in large quantity for warships

Lightweight torpedoes are self-propelled, underwater projectiles that can be launched from ships and aircraft and are designed to detonate on contact or in close proximity to a target. Lightweight torpedo is the most cost- and operationally effective anti-submarine warfare weapon in all situations. Such benefits boost the demand for torpedoes by naval forces globally. For instance, the U.S. Navy (USN) is getting ready for testing for its lightweight torpedo (LWT) and very lightweight torpedo (VLWT) programs. The navy intends to complete the Initial Operational Test and Evaluation (IOT&E) for MK 54 Mod 1LWT and High-altitude Anti-Submarine Warfare (ASW) Weapon Capability (HAAWC) in fiscal year (FY) 2021, the Pentagon Director, Operational Test, and Evaluation (DOT&E) mentioned in its annual report released in January 2021. The DOT&E reported that the MK 54 lightweight torpedo is the most capable ASW weapon used by the U.S. surface ships, fixed-wing aircraft, and helicopters.

The indigenously instrumented Advanced Light Torpedo (TAL), developed by the Naval Science and Technological Laboratory (NSTL), successfully cleared its maiden flight trial with a parachute system from the Indian Navy’s Ilyushin Il-38 maritime patrol aircraft in March 2021. The lightweight torpedo was designed, developed, produced, and inducted into services a decade ago, and is used against underwater platforms as part of anti-submarine warfare (ASW).

Such developments are expected to fuel the growth of the global self-guided torpedo market during the forecast timeframe.

Self-Guided Torpedo Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

North America would exhibit the highest CAGR of 7.4% during 2021-2030.

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COVID-19 impact analysis

  • The COVID-19 impact on the self-guided torpedo market is unpredictable, and is expected to remain in force till the fourth quarter of 2021.
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import–export of nonessential items for most of 2020. This led to sudden fall in availability of important raw materials.
  • Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative self-guided torpedoes globally.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global self-guided torpedo market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall self-guided torpedo market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global self-guided torpedo market with a detailed impact analysis.
  • The current self-guided torpedo market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Product

  •  
  • Acoustic Homing Torpedo
  • Wake Homing Torpedo

By Type

  •  
  • Heavyweight Torpedo
  • Lightweight Torpedo

By Application

  •  
  • Naval Vessel-launched Torpedo
  • Aerial Platform-launched Torpedo 

By Region

  •  
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY PLAYERS

  •  
  • ATLAS ELEKTRONIK GmbH
  • BAE Systems plc
  • Honeywell International Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Mitsubishi Heavy Industries, Ltd.
  • Naval Group
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Saab AB
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in number of territorial conflicts throughout the world
3.5.1.2.Naval modernization programs

3.5.2.Restraint

3.5.2.1.Rise in incorporation of anti-torpedo defense systems in combat vessels

3.5.3.Opportunities

3.5.3.1.Growing demand from aircraft to carry light weight torpedo in large quantity for a warship
3.5.3.2.Rise in defense expenditure globally

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreak
3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the self-guided torpedo industry

CHAPTER 4:SELF-GUIDED TORPEDO MARKET, BY PRODUCT

4.1.Overview
4.2.Acoustic homing torpedo

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Wake homing torpedo

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:SELF-GUIDED TORPEDO MARKET, BY TYPE

5.1.Overview
5.2.Heavyweight torpedo

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Lightweight torpedo

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:SELF-GUIDED TORPEDO MARKET, BY APPLICATION

6.1.Overview
6.2.Naval vessel-launched torpedo

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Aerial platform-launched torpedo

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:SELF-GUIDED TORPEDO MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product
7.2.3.Market size and forecast, by type
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by product
7.2.5.1.2.Market size and forecast, by type
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by product
7.2.5.2.2.Market size and forecast, by type
7.2.5.2.3.Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by product
7.2.5.3.2.Market size and forecast, by type
7.2.5.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product
7.3.3.Market size and forecast, by type
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by product
7.3.5.1.2.Market size and forecast, by type
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by product
7.3.5.2.2.Market size and forecast, by type
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by product
7.3.5.3.2.Market size and forecast, by type
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Russia

7.3.5.4.1.Market size and forecast, by product
7.3.5.4.2.Market size and forecast, by type
7.3.5.4.3.Market size and forecast, by application

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by product
7.3.5.5.2.Market size and forecast, by type
7.3.5.5.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product
7.4.3.Market size and forecast, by type
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by product
7.4.5.1.2.Market size and forecast, by type
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by product
7.4.5.2.2.Market size and forecast, by type
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by product
7.4.5.3.2.Market size and forecast, by type
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by product
7.4.5.4.2.Market size and forecast, by type
7.4.5.4.3.Market size and forecast, by application

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by product
7.4.5.5.2.Market size and forecast, by type
7.4.5.5.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product
7.5.3.Market size and forecast, by type
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by product
7.5.5.1.2.Market size and forecast, by type
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by product
7.5.5.2.2.Market size and forecast, by type
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by product
7.5.5.3.2.Market size and forecast, by type
7.5.5.3.3.Market size and forecast, by application

CHAPTER 8:COMPANY PROFILES

8.1.ATLAS ELEKTRONIK GmbH

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments

8.2.BAE Systems plc

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.Honeywell International Inc.

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance

8.4.Leonardo SpA

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance

8.5.LOCKHEED MARTIN CORPORATION

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.MITSUBISHI HEAVY INDUSTRIES, LTD.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance

8.7.Naval Group

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Business performance

8.8.NORTHROP GRUMMAN CORPORATION

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.RAYTHEON TECHNOLOGIES CORPORATION

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments

8.10.SAAB AB

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 02.SELF-GUIDED TORPEDO MARKET FOR ACOUSTIC HOMING TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 03.SELF-GUIDED TORPEDO MARKET FOR WAKE HOMING TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 04.SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 05.SELF-GUIDED TORPEDO MARKET FOR HEAVYWEIGHT TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 06.SELF-GUIDED TORPEDO MARKET FOR LIGHTWEIGHT TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 07.SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 08.SELF-GUIDED TORPEDO MARKET FOR NAVAL VESSEL-LAUNCHED TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 09.SELF-GUIDED TORPEDO MARKET FOR AERIAL PLATFORM-LAUNCHED TORPEDO, BY REGION 2020–2030 ($MILLION)
TABLE 10.SELF-GUIDED TORPEDO MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 11.NORTH AMERICA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 12.NORTH AMERICA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 14.U.S. SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 15.U.S. SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 16.U.S. SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 17.CANADA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 18.CANADA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 19.CANADA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 20.MEXICO SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 21.MEXICO SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 22.MEXICO SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 23.EUROPE SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 24.EUROPE SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 25.EUROPE SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 26.GERMANY SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 27.GERMANY SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 28.GERMANY SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 29.UK SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 30.UK SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 31.UK SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 32.FRANCE SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 33.FRANCE SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 34.FRANCE SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 35.RUSSIA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 36.RUSSIA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 37.RUSSIA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 38.REST OF EUROPE SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 39.REST OF EUROPE SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 40.REST OF EUROPE SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 41.ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 42.ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 43.ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 44.CHINA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 45.CHINA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 46.CHINA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 47.JAPAN SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 48.JAPAN SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 49.JAPAN SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 50.INDIA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 51.INDIA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 52.INDIA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 53.SOUTH KOREA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 54.SOUTH KOREA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 55.SOUTH KOREA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 56.REST OF ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 57.REST OF ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 59.LAMEA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 60.LAMEA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 61.LAMEA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.LATIN AMERICA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 63.LATIN AMERICA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 64.LATIN AMERICA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 65.MIDDLE EAST SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 66.MIDDLE EAST SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 67.MIDDLE EAST SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.AFRICA SELF-GUIDED TORPEDO MARKET, BY PRODUCT, 2020–2030 ($MILLION)
TABLE 69.AFRICA SELF-GUIDED TORPEDO MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 70.AFRICA SELF-GUIDED TORPEDO MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 71.ATLAS ELEKTRONIK GMBH: COMPANY SNAPSHOT
TABLE 72.ATLAS ELEKTRONIK GMBH: PRODUCT PORTFOLIO
TABLE 73.ATLAS ELEKTRONIK GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 74.BAE SYSTEMS PLC: COMPANY SNAPSHOT
TABLE 75.BAE SYSTEMS PLC: OPERATING SEGMENTS
TABLE 76.BAE SYSTEMS PLC: PRODUCT PORTFOLIO
TABLE 77.BAE SYSTEMS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 79.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 80.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 81.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 82.HONEYWELL INTERNATIONAL INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 83.LEONARDO SPA: COMPANY SNAPSHOT
TABLE 84.LEONARDO S.P.A.: OPERATING SEGMENTS
TABLE 85.LEONARDO S.P.A.: PRODUCT PORTFOLIO
TABLE 86.LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 87.LOCKHEED MARTIN CORPORATION: OPERATING SEGMENTS
TABLE 88.LOCKHEED MARTIN CORPORATION: PRODUCT PORTFOLIO
TABLE 89.LOCKHEED MARTIN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 90.MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 91.MITSUBISHI HEAVY INDUSTRIES, LTD.: OPERATING SEGMENTS
TABLE 92.MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT PORTFOLIO
TABLE 93.NAVAL GROUP: COMPANY SNAPSHOT
TABLE 94.NAVAL GROUP: PRODUCT PORTFOLIO
TABLE 95.NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
TABLE 96.NORTHROP GRUMMAN CORPORATION: OPERATING SEGMENTS
TABLE 97.NORTHROP GRUMMAN CORPORATION: PRODUCT PORTFOLIO
TABLE 98.NORTHROP GRUMMAN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 99.RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 100.RAYTHEON TECHNOLOGIES CORPORATION: OPERATING SEGMENTS
TABLE 101.RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 102.RAYTHEON TECHNOLOGIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103.SAAB AB: COMPANY SNAPSHOT
TABLE 104.SAAB AB: OPERATING SEGMENTS
TABLE 105.SAAB AB: PRODUCT PORTFOLIO
TABLE 106.SAAB AB: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.SELF-GUIDED TORPEDO MARKET SHARE, BY PRODUCT, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR ACOUSTIC HOMING TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR WAKE HOMING TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.SELF-GUIDED TORPEDO MARKET SHARE, BY TYPE, 2020–2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR HEAVYWEIGHT TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR LIGHTWEIGHT TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.SELF-GUIDED TORPEDO MARKET SHARE, BY APPLICATION, 2020–2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR NAVAL VESSEL-LAUNCHED TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET FOR AERIAL PLATFORM-LAUNCHED TORPEDO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.SELF-GUIDED TORPEDO MARKET, BY REGION, 2020–2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 26.U.S. SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 27.CANADA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 28.MEXICO SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 30.GERMANY SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 31.UK SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 32.FRANCE SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 33.RUSSIA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 34.REST OF EUROPE SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 36.CHINA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 37.JAPAN SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 38.INDIA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 39.SOUTH KOREA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 40.REST OF ASIA-PACIFIC SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF SELF-GUIDED TORPEDO MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 42.LATIN AMERICA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 43.MIDDLE EAST SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 44.AFRICA SELF-GUIDED TORPEDO MARKET, 2020–2030 ($MILLION)
FIGURE 45.BAE SYSTEMS PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 46.BAE SYSTEMS PLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 47.BAE SYSTEMS PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 48.HONEYWELL INTERNATIONAL INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 49.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 50.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 51.LEONARDO S.P.A.: REVENUE, 2018–2020 ($MILLION)
FIGURE 52.LEONARDO S.P.A.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53.LEONARDO S.P.A.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54.LOCKHEED MARTIN CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 55.LOCKHEED MARTIN CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56.LOCKHEED MARTIN CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 57.MITSUBISHI HEAVY INDUSTRIES, LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.MITSUBISHI HEAVY INDUSTRIES, LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.NAVAL GROUP: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.NORTHROP GRUMMAN CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 61.NORTHROP GRUMMAN CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62.NORTHROP GRUMMAN CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 63.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 64.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65.RAYTHEON TECHNOLOGIES CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 66.SAAB AB: REVENUE, 2018–2020 ($MILLION)
FIGURE 67.SAAB AB: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 68.SAAB AB: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global self-guided torpedo market is expected to witness significant growth due to the rising number of disputes and conflicts among different nations globally and continuously rising naval modernization programs throughout the globe.

Rise in number of territorial conflicts throughout the world and naval modernization programs are expected to drive self-guided torpedo market during the forecast period. However, rise in incorporation of anti-torpedo defense systems in combat vessels is anticipated to hamper the growth of the market. Moreover, growing demand from aircraft to carry light weight torpedo in large quantity for a warship and rise in defense expenditure globally are expected to offer lucrative opportunities in future.

In order to gain a fair share of the market, major players adopted different strategies, for instance, contract and product development. Among these, contract is the leading strategy used by prominent players such as BAE Systems PLC, Lockheed Martin Corporation, and Raytheon Technologies Corporation. Aforementioned companies signed contracts with the defense forces of different nations seeking to enhance the defense capabilities and provide safety against the unprecedented threats.

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A. The global self-guided torpedo market valued at $1,256.65 million in 2020, and is projected to reach $2,188.65 million by 2030, registering a CAGR of 6.0% from 2021 to 2030.

A. The advent of next-generation multi-role heavyweight torpedo to counter threats from all surface and underwater platforms; rise in target hitting distance of modern torpedoes

A. The report sample for global self-guided torpedo market report can be obtained on demand from the website.

A. On the basis of product, we have classified self-guided torpedoes into acoustic homing torpedo and wake homing torpedo

A. Between 2021 and 2030, the global self-guided torpedo market is expected to register a CAGR of 6.0%

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. The global self-guided torpedo market is driven by major drivers such as rise in number of territorial conflicts throughout the world and surge in naval modernization programs globally

A. Self-guided torpedoes have the ability to self-propel towards a target with an explosive warhead designed to ignite in close proximity or impact with the target

A. U.S., UK, and China are key matured markets growing in the global self-guided torpedo market

A. Advent of cutting-edge, smart, and stealth self-guided torpedoes; and rise in incorporation of anti-torpedo defense systems in combat vessels

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