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Torpedo Market Analysis

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Report ID: 2625
Published Date: Oct 15, 2024
Report Format: PDF, PPT

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Torpedo Market Analysis

The torpedo market is segmented by launch platforms into aerial, naval and land. Among these segments, the segment for naval is anticipated to hold the leading share in the market on account of the development of new unmanned underwater vessels as well as the ability of this platform to carry heavy weight torpedoes.

Our in-depth analysis of the global market includes the following segments:

By Product Type	Heavy Weight Light Weight
By Launch Platforms	Aerial Naval Land
By Propulsion	Electric Non-Electric
By Operation	Straight-running Autonomous Homers Wire-guided

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Browse Key Market Insights with Data Illustration:

Torpedo Market Size & Share | Growth Forecast 2036

Author Credits: Dhruv Bhatia

Report ID: 2625
Published Date: Oct 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of torpedo is estimated at USD 1.1 billion.

Torpedo Market size was valued at USD 1.05 billion in 2024 and is likely to cross USD 2.19 billion by 2037, registering more than 5.8% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to dominate majority revenue share by 2036, as development of innovative technologies as well as huge investments in naval procurements combined with the growing emphasis on developing ship combat systems are met in the region.

The major players in the market are Lockheed Martin Corporation, Leonardo S.p.A, Raytheon Technologies Corporation, Rosoboronexport, Saab AB, BAE Systems, Bharat Dynamics Ltd., Atlas Elektronik GmbH, and others.

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