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Self-Guided Torpedo Market
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.
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Self-Guided Torpedo Market
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%.
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.
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Self-Guided Torpedo Market
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.
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Self-Guided Torpedo Market
Major Companies:
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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
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Self-Guided Torpedo Market
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