Over the past few year, factors such as Growing Adoption of Lightweight Long Range Torpedoes have contributed to the development of the Global Torpedo market.

Undoubtedly, Growing Military Expenditure Across Different Regions is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Torpedo market is expected to make a significant contribution growing at a CAGR of 3.9%.

AMA research has engaged in the competitive assessment of China & Global Torpedo Manufacturers for 5 years. “The Top 10 Competitive Manufacturers in the Torpedo in 2022” clearly displays the competitive situations of main Torpedo Manufacturersin 2022. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.

The Propulsion System, such as Conventional, is boosting the Torpedo market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Range, such as High, is boosting the Torpedo market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Launch, such as Water Launched {Surface Water, Underwater}, is boosting the Torpedo market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Manufacturers such as BAE Systems (United Kingdom), Saab AB (Sweden), Raytheon Company (United States), Bharat Dynamics Ltd. (India), Northrop Grumman Corporation (United States), Atlas Electronik GmbH (Germany), Leonardo S.p.A. (Italy), Rosoboronexport (Russia) and Naval Group (France) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Torpedo industry. It is understood that currently domestic Torpedo players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Manufacturers wants to expand into other areas of the market value chain fundamentally determines its strategy.



The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Torpedo market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall Torpedo market size is calculated using market estimation process, the Torpedo market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Torpedo market size has been validated using both top-down and bottom-up approaches.