DUBLIN--(BUSINESS WIRE)--The "Global Torpedo Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the Global Torpedo Market to grow at a CAGR of 3.37% during the period 2018-2022.
Torpedoes are integral in modern-day naval combat and are used in a range of applications. The increasing demand for torpedoes is owing to their versatility that enables them to be launched from various platforms such as fixed-wing aircraft and helicopters to submarines and surface ships.
The development of hybrid torpedoes will be a key trend driving market growth. Hybrid propulsion systems offer improved efficiency in comparison to conventional systems. With high efficiency at low speeds, the range of the attack is improved with sufficient power left for high-speed operation. With these improvements in operating efficiency and endurance, hybrid torpedoes are equipped with the capability to perform a wide range of missions.
The Increasing investments in undersea capabilities will drive the market growth. With the rapid pace of technological advancement in undersea warfare, there is need to replace existing submarines with improved and lethal warfare systems. Manufacturers are focusing on equipping the submarines with features such as endurance, stealth, underwater weapon systems, sensors, and communication systems.
The report states that the incremental expenditure in torpedo defense system will impact the market growth. The advancements in anti-submarine torpedoes drive the investments in torpedo countermeasure systems. The manufacturers deploy cost-effective, lightweight, high-performance, stationery jammers, and mobile target emulators, to protect the threat from acoustic homing torpedoes.
Companies Mentioned
- ATLAS ELEKTRONIK
- BAE Systems
- Leonardo
- Lockheed Martin
- Raytheon
- Saab
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Application
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9clkbv/global_torpedo?w=4
