Anti-warship and anti-submarine torpedoes are self-propelled and self-guided weapons. Torpedoes are primarily used underwater and are designed to detonate on contact with or near the target. Torpedoes are usually launched from submarines or warships, but they may also be launched from planes or helicopters. Torpedoes launched from a submarine or warship are heavier in weight, while those launched from planes or helicopters are smaller. The application of thermal power torpedo includes, torpedo launched from naval vessel and torpedo launched from aerial platform. The key drivers for thermal power torpedo market are, advancements in underwater warfare technology, increased in utilization of thermal power torpedo.
MARKET DYNAMICS
Growing military spending, fueled by rising inter-country conflicts, is expected to aid the market's growth during the forecast period. Due to the growing threat of terrorism and border problems, countries have turned their attention to marine vessels such as naval ships and submarine fighting systems. During the forecast era, this could boost demand for thermal power torpedoes. Moreover, increased in demand and use of thermal power torpedo is also expected to boost the market growth during the forecast period. Additionally, The innovation in underwater warfare technology is a major factor driving the demand for thermal power torpedoes. However, high cost associated with development of such torpedoes is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Thermal Power Torpedo Market Analysis to 2028" is a specialized and in-depth study of the thermal power torpedo market with a special focus on the global market trend analysis. The report aims to provide an overview of thermal power torpedo market with detailed market segmentation by product type and application. The global thermal power torpedo market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermal power torpedo market player and offers key trends and opportunities in the thermal power torpedo market.
MARKET SEGMENTATION
The global thermal power torpedo market is segmented on the basis of, product type and application. On the basis of product type the market is segmented as, kerosene+ high pressure air, kerosene+ oxygen, otto fuel, others. Further, on the basis of application the market is segmented as, naval vessel launched torpedo, aerial platform launched torpedo.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global thermal power torpedo market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermal power torpedo market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting thermal power torpedo market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the thermal power torpedo market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermal power torpedo market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from thermal power torpedo market are anticipated to lucrative growth opportunities in the future with the rising demand for thermal power torpedo market. Below mentioned is the list of few companies engaged in the thermal power torpedo market.
The report also includes the profiles of key thermal power torpedo market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Northrop Grumman Innovation Systems
- Bharat Dynamics Limited
- Leonardo S.p.A
- Naval Group
- Raytheon Technologies Corporation
- Honeywell International
- Lockheed Martin Corporation
- BAE Systems
- Atlas Elektronik
- Saab AB
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