Torpedo Market is Expected to Grow With a CAGR of 3.97% During the Forecast Period 2018-2025, Says Esticast Research and Consulting

July, 2018

As per the report " Torpedo Market By Type ( Electrical Power Torpedo, Thermal Power Torpedo ), By Application ( Naval Vessel-Launched Torpedo, Aerial Platform-Launched Torpedo ), Industry Trends, Estimation & Forecast, 2017 - 2025", In 2017, the electrical power torpedo segment generated the highest revenue share in the global torpedo market. Among major regions, North America was the highest revenue generating market, holding nearly 30% of the market share, in 2017.

“Market players are under the constant radar of political risks pertaining to export restrictions, economic crisis, regulatory changes, and political turmoil caused due to shifts in power of authority. However, market players are coping up with such risks by maintaining a constant check over the laws & regulations, investing into trade insurances, and adopting various export guarantees. The launch of “Make in India” program by the Indian government, has paved the way for several opportunities for the domestic industry to link-up with the global players in order to share their products and technologies.”

Technological advancements boost the growth of global torpedo market and propel market players to launch new hybrid torpedoes

The surging geopolitical tensions among the nations of the world has propelled the market players to increase their R&D investments and launch upgraded versions of the existing torpedoes. Torpedoes have been continuously evolving, in order to render advantageous features such as light weight, fast speed, wide target range, high impact upon contact with the target, and untraceability among few others. Moreover, the integration of Information and Communication Technology (ICT) within the torpedoes has enhanced the security features of the system. Torpedoes have evolved into the next generation stealth torpedoes known as the hybrid torpedoes, which combine the two main capabilities into a single weapon, making it difficult for the enemies to react with counter measures.

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Contractual agreements emerge as the prime marketing strategy being followed by the market players

Torpedo manufacturers enter into contractual agreements with their customers for a specific duration of time and meet their customers demand. Market players are signing business agreements based on fixed-price contracts or cost-reimbursable contracts for both, long duration and short duration of time. For instance, Bharat Dynamics Limited (BDL) has adopted a strategy to conclude long term contracts in order to ensure timely delivery of product at predetermined prices. Post the amendments made in the export policy of the Department of Defence Production, Ministry of Defence, BDL earned a contract worth $21.5 million for exporting Light Weight Torpedoes (LWT).

A sense of competition among the nations regarding their defence status has propelled them to spend more on procuring latest and highly advanced weapons

China is continuously expanding its military capabilities with imported and domestically-produced weapons, as a result of which, the neighboring countries such as India, Japan and Vietnam are also significantly strengthening their naval armed forces. As per Stockholm International Peace Research Institute (SIPRI), the international trade volume of major armed weapons has rapidly grown in the past decade, holding a growth rate of nearly 14% during the span of 2011-2015. Moreover, according to the U.S. Navy, the budget for torpedoes and related components valued for $ 272,787, 000 in 2017, rendering a higher power authority status to the region.

EUROPE TORPEDO MARKET SHARE BY TYPE, 2013-2025


KEY FINDINGS OF GLOBAL TORPEDO MARKET, 2017-2025

* Thermal Power Torpedo segment is expected to exhibit the highest growth rate of 4.12% during the forecast period 2018-2025.
* Aerial Platform-Launched torpedo segment is anticipated to grow with an impressive CAGR of 4.39% during the forecast period.
* China is expected to grow with the highest CAGR of 5.57% during the forecast period 2018-2025.

GLOBAL TORPEDO MARKET REVENEU OF MAJOR MARKET PLAYERS, 2017

Some key market players are Atlas Elektronik, BAE Systems, Lockheed Martin, Raytheon, Saab, Bharat Dynamics Limited (BDL), DCNS, Honeywell International, Leonardo-Finmeccanica, and Orbital ATK.

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Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting Market Research has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.

CHAPTER 1. INTRODUCTION
          1.1. RESEARCH METHODOLOGY
                           1.1.1. ERC desk research
                           1.1.2. ERC data synthesis
                           1.1.3. Data validation and market feedback
                           1.1.4. ERC data sources

CHAPTER 2. TORPEDO MARKET OVERVIEW
          2.1. PRODUCT OVERVIEW AND SCOPE OF TORPEDO MARKET
          2.2. TORPEDO SEGMENT BY TYPES
                           2.2.1. Global Torpedo Production and CAGR (%) Comparison by Type (Product Category)(2013-2025)
                           2.2.2. Global Torpedo Production Market Share (%) by Types in 2017
                           2.2.3. Electrical Power Torpedo
                           2.2.4. Thermal Power Torpedos
          2.3. GLOBAL TORPEDO SEGMENT BY APPLICATIONS
                           2.3.1. Global Torpedo Sales (Units) Comparison by Applications (2013-2025)
                           2.3.2. Naval Vessel-Launched Torpedo
                           2.3.3. Aerial Platform-Launched Torpedo
          2.4. GLOBAL TORPEDO MARKET BY REGIONS (2013-2025)
                           2.4.1. Global Torpedo Market size and Growth Rate (%) Comparison by Regions (2013-2025)
                           2.4.2. North America Torpedo Status and Prospect (2013-2025)
                           2.4.3. China Torpedo Status and Prospect (2013-2025)
                           2.4.4. Europe Torpedo Status and Prospect (2013-2025)
                           2.4.5. Japan Torpedo Status and Prospect (2013-2025)
                           2.4.6. Rest of the World Torpedo Status and Prospect (2013-2025)
          2.5. GLOBAL TORPEDO MARKET SIZE (2013-2025)
                           2.5.1. Global Torpedo Revenue (Million USD) Status and Outlook (2013-2025)
                           2.5.2. Global Torpedo Sales (Units) Status and Outlook (2013-2025)

CHAPTER 3. GLOBAL TORPEDO MARKET COMPETITION BY MANUFACTURERS
          3.1. GLOBAL TORPEDO REVENUE (MILLION USD) AND SHARE (%) BY MANUFACTURERS (2013-2018)
          3.2. MANUFACTURERS TORPEDO MANUFACTURING BASE DISTRIBUTION, SALES AREA, PRODUCT TYPES
          3.3. TORPEDO MARKET COMPETITIVE SITUATION AND TRENDS
                           3.3.1. Torpedo Market Share (%) of Top 3 and Top 5 Manufacturers

CHAPTER 4. GLOBAL TORPEDO SALES BY REGIONS (2013-2018)
          4.1. GLOBAL TORPEDO SALES (UNITS) AND MARKET SHARE (%) BY REGIONS (2013-2018)
          4.2. GLOBAL TORPEDO REVENUE AND MARKET SHARE (%) BY REGIONS (2013-2018)
          4.3. GLOBAL TORPEDO SALES (UNITS) AND REVENUE (MILLION USD), (2013-2018)
          4.4. NORTH AMERICA TORPEDO SALES AND REVENUE, (2013-2018)
                           4.4.1. North America Torpedo Sales and Revenue, (2013-2018)
          4.5. EUROPE TORPEDO SALES AND REVENUE, (2013-2018)
                           4.5.1. Europe Torpedo Sales and Revenue, (2013-2018)
          4.6. CHINA TORPEDO SALES AND REVENUE, (2013-2018)
                           4.6.1. China Torpedo Sales and Revenue, (2013-2018)
          4.7. JAPAN TORPEDO SALES AND REVENUE, (2013-2018)
                           4.7.1. Japan Torpedo Sales and Revenue, (2013-2018)
          4.8. REST OF THE WORLD TORPEDO SALES AND REVENUE, (2013-2018)
                           4.8.1. Rest of the World Torpedo Sales and Revenue, (2013-2018)

CHAPTER 5. GLOBAL TORPEDO PRODUCTION AND REVENUE BY TYPES
          5.1. GLOBAL TORPEDO PRODUCTION (UNITS) AND MARKET SHARE (%) BY TYPES (2013-2018)
          5.2. GLOBAL TORPEDO REVENUE (MILLION USD) AND MARKET SHARE (%) BY TYPES (2013-2018)
          5.3. GLOBAL TORPEDO PRODUCTION GROWTH (%) BY TYPE (2013-2018)

CHAPTER 6. GLOBAL TORPEDO MARKET ANALYSIS BY APPLICATIONS
          6.1. GLOBAL TORPEDO SALES (UNITS) AND MARKET SHARE (%) BY APPLICATIONS (2013-2018)
          6.2. GLOBAL TORPEDO SALES GROWTH RATE BY APPLICATIONS (2013-2018)

CHAPTER 7. COMPANY PROFILES
          7.1. ATLAS ELEKTRONIK
                           7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.1.2. Torpedo Product Category, Application and Specification 72
                                           7.1.2.1. SeaHake mod4
                                           7.1.2.2. SeaSpider Anti-Torpedo Torpedo
                           7.1.3. Atlas Elektronik Torpedo Revenue (2017-2018)
                           7.1.4. Business Overview
          7.2. BAE SYSTEMS
                           7.2.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.2.2. Torpedo Product Category, Application and Specification
                                           7.2.2.1. Sting Ray Mod 1 Lightweight Torpedo
                                           7.2.2.2. Spearfish Heavyweight Torpedo
                           7.2.3. BAE Systems Torpedo Revenue (2017-2018)
                           7.2.4. Business Overview
          7.3. LOCKHEED MARTIN
                           7.3.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.3.2. Torpedo Product Category, Application and Specification
                                           7.3.2.1. MK 48 MOD 7 CBASS
                           7.3.3. Lockheed Martin Torpedo Revenue (2017-2018)
                           7.3.4. Business Overview
          7.4. RAYTHEON
                           7.4.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.4.2. Torpedo Product Category, Application and Specification
                                           7.4.2.1. MK 54 Lightweight Torpedo
                           7.4.3. Raytheon Torpedo Revenue (2017-2018)
                           7.4.4. Business Overview
          7.5. SAAB
                           7.5.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.5.2. Torpedo Product Category, Application and Specification
                                           7.5.2.1. Heavyweight Torpedo
                           7.5.3. Saab Torpedo Revenue (2017-2018)
                           7.5.4. Business Overview
          7.6. ORBITAL ATK
                           7.6.1. ORBITAL ATK Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.6.2. Torpedo Product Category, Application and Specification
                                           7.6.2.1. MK48 TORPEDO
                           7.6.3. Business Overview
          7.7. BHARAT DYNAMICS LIMITED
                           7.7.1. BHARAT DYNAMICS LIMITED Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.7.2. Torpedo Product Category, Application and Specification
                                           7.7.2.1. LIGHT WEIGHT TORPEDO (LWT-XP)
                                           7.7.2.2. VARUNASTRA/ HEAVY WEIGHT TORPEDO
                           7.7.3. BHARAT DYNAMICS LIMITED Torpedo Revenue (2017-2018)
                           7.7.4. Business Overview
          7.8. NAVAL GROUP
                           7.8.1. NAVAL GROUP Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.8.2. Torpedo Product Category, Application and Specification
                                           7.8.2.1. F21 TORPEDO
                                           7.8.2.2. MU90 TORPEDO
                           7.8.3. Business Overview
          7.9. LEONARDO-FINMECCANICA
                           7.9.1. LEONARDO-FINMECCANICA Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.9.2. Torpedo Product Category, Application and Specification
                                           7.9.2.1. C310 COUNTERMEASURE
                                           7.9.2.2. BLACK SHARK
                                           7.9.2.3. BLACK SCORPIO
                           7.9.3. LEONARDO S.p.A Torpedo Revenue (2017-2018)
                           7.9.4. Business Overview
          7.10. HONEYWELL INTERNATIONAL
                           7.10.1. HONEYWELL INTERNATIONAL Basic Information, Manufacturing Base, Sales Area and Its Competitors
                           7.10.2. Torpedo Product Category, Application and Specification
                                           7.10.2.1. MK46 TORPEDO
                                           7.10.2.2. MK48 (ADCAP) TORPEDO
                           7.10.3. Honeywell International Torpedo Revenue (2017-2018)
                           7.10.4. Business Overview

CHAPTER 8. TORPEDO MANUFACTURING COST ANALYSIS
          8.1. TORPEDO KEY COMPONENTS ANALYSIS
                           8.1.1. Key Components
                           8.1.2. List Of Component Suppliers
                           8.1.3. Manufacturing Process Analysis

CHAPTER 9. INDUSTRIAL CHAIN, SOURCING STRATEGY AND DOWNSTREAM BUYERS
          9.1. TORPEDO INDUSTRIAL CHAIN ANALYSIS
          9.2. TORPEDO MAJOR MANUFACTURERS IN 2017
          9.3. DOWNSTREAM BUYERS

CHAPTER 10. MARKETING STRATEGY ANALYSIS
          10.1. MARKETING CHANNEL
                           10.1.1. Sales Channel
                           10.1.2. Marketing Channel Development Trend
          10.2. MARKET POSITIONING
                           10.2.1. Brand Strategy
                           10.2.2. Target Client

CHAPTER 11. MARKET EFFECT FACTORS ANALYSIS
          11.1. MARKET DETERMINANTS
          11.2. TECHNOLOGY PROGRESS
          11.3. ECONOMIC/POLITICAL/ ENVIRONMENTAL EFFECT

CHAPTER 12. GLOBAL TORPEDO MARKET FORECAST (2018-2025)
          12.1. GLOBAL TORPEDO SALES AND REVENUE FORECAST (2018-2025)
                           12.1.1. Global Torpedo Revenue (Million USD) And Growth rate (%) Forecast (2018-2025)
          12.2. GLOBAL TORPEDO SALES (UNITS) FORECAST BY REGIONS (2018-2025)
                           12.2.1. North America Torpedo Sales (Units) And Revenue (Million USD) Forecast (2018-2025)
                           12.2.2. Europe Torpedo Sales (Units) And Revenue (Million USD) Forecast (2018-2015)
                           12.2.3. China Torpedo Sales (Units) And Revenue (Million USD) Forecast (2018-2015)
                           12.2.4. Japan Torpedo Sales (Units) And Revenue (Million USD) Forecast (2018-2015)
                           12.2.5. Rest of the World Torpedo Sales (Units) And Revenue (Million USD) Forecast (2018-2015)
          12.3. GLOBAL TORPEDO PRODUCTION AND REVENUE FORECAST BY TYPE, (2018-2025)
                           12.3.1. Global Torpedo Production Forecast by Type, (2018-2025)
                           12.3.2. Global Torpedo Revenue Forecast by Type, (2018-2025)
          12.4. GLOBAL TORPEDO CONSUMPTION (K UNITS) FORECAST BY APPLICATION (2018-2025)

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