DUBLIN--(BUSINESS WIRE)--Aug 1, 2018--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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005613/en/

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SOURCE: Research and Markets

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PUB: 08/01/2018 10:40 AM/DISC: 08/01/2018 10:41 AM