Electrical Power Torpedo Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Torpedo, a cigar-shaped, self-propelled underwater missile, launched from a submarine, surface vessel or aircraft and designed to explode in contact with surface vessels and submarine hulls. A electrical torpedo contains intricate devices to control its depth and direction according to a preset plan or in response to signals received from an outside source, as well as a device that detonates an explosive-filled warhead when it reaches or comes close to its target. Electrical torpedoes are grouped according to the power source, the method of control during water travel, the type of target and the type of launch vessel. Propulsion is usually powered by battery-powered electric motors. There are different types of electrical torpedo i.e. sulfuric acid battery torpedo, silver zinc battery torpedo, fuel battery torpedo, and others. An aerial torpedo (also known as an airborne torpedo or an airborne torpedo) is a torpedo launched by a fixed-wing aircraft or a helicopter from the air that is subsequently dropped into the water, after which the weapon propels itself to the target. More advancement in torpedo will drive the market during forecast period.
MARKET DYNAMICS
The growing war like condition around the world through international waters and rising military budget specially in developing countries is driving the global electrical power torpedo market during forecast period. In addition, the various unique advantages of electrical power torpedo, such as easy to use, light weight due to presence of battery, wakeless and required less manufacturing effort makes it another important factor expected to boost the global electrical power torpedo market. Further, other factors such as Increased production of light weight electric torpedoes that can be carried on an aircraft or a warship in large numbers is also expected to escalate the market. However, limitations in detecting direction and speed of the torpedoes. The torpedoes are self-guided and self-propelled weapons, so the controlling of these weapons is not possible. Thus, the speed and direction depend totally on the direction of launching, may restrain the growth of the electrical power torpedo market. Further, more advancement in electrical power torpedo such as integration with artificial intelligence is anticipated to create market opportunities for the electrical power torpedo market during the forecast period.
MARKET SCOPE
The "Global Electrical Power Torpedo Market Analysis to 2031" is a specialized and in-depth study of the electrical power torpedo market with a special focus on the global market trend analysis. The report aims to provide an overview of electrical power torpedo market with detailed market segmentation by type, application, and geography. The global electrical power torpedo market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electrical power torpedo market players and offers key trends and opportunities in the electrical power torpedo market.
MARKET SEGMENTATION
The global electrical power torpedo market is segmented on the basis of type and application. On the basis of type, market is segmented into sulfuric acid battery torpedo, silver zinc battery torpedo, fuel battery torpedo, and others. Similarly, based on application, market is segmented into the naval vessel-launched torpedo and 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 electrical power torpedo market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electrical 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 electrical 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 factors affecting the electrical power torpedo market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electrical power torpedo market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electrical 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 electrical 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 factors affecting the electrical power torpedo market in these regions.
MARKET PLAYERS
The reports cover key developments in the electrical power torpedo market as 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 electrical power torpedo market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft variometer. Below mentioned is the list of few companies engaged in the electrical power torpedo market.
The report also includes the profiles of key electrical 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.
- Atlas Elektronik
- BAE Systems
- Bharat Dynamics Limited
- Honeywell International Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electrical Power Torpedo Market - By Type
1.3.2 Electrical Power Torpedo Market - By Application
1.3.3 Electrical Power Torpedo Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRICAL POWER TORPEDO MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRICAL POWER TORPEDO MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRICAL POWER TORPEDO MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRICAL POWER TORPEDO - GLOBAL MARKET OVERVIEW
6.2. ELECTRICAL POWER TORPEDO - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRICAL POWER TORPEDO MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SULFURIC ACID BATTERY TORPEDO
7.3.1. Overview
7.3.2. Sulfuric Acid Battery Torpedo Market Forecast and Analysis
7.4. SILVER ZINC BATTERY TORPEDO
7.4.1. Overview
7.4.2. Silver Zinc Battery Torpedo Market Forecast and Analysis
7.5. FUEL BATTERY TORPEDO
7.5.1. Overview
7.5.2. Fuel Battery Torpedo Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ELECTRICAL POWER TORPEDO MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NAVAL VESSEL-LAUNCHED TORPEDO
8.3.1. Overview
8.3.2. Naval Vessel-launched Torpedo Market Forecast and Analysis
8.4. AERIAL PLATFORM-LAUNCHED TORPEDO
8.4.1. Overview
8.4.2. Aerial Platform-launched Torpedo Market Forecast and Analysis
9. ELECTRICAL POWER TORPEDO MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electrical Power Torpedo Market Overview
9.1.2 North America Electrical Power Torpedo Market Forecasts and Analysis
9.1.3 North America Electrical Power Torpedo Market Forecasts and Analysis - By Type
9.1.4 North America Electrical Power Torpedo Market Forecasts and Analysis - By Application
9.1.5 North America Electrical Power Torpedo Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electrical Power Torpedo Market
9.1.5.1.1 United States Electrical Power Torpedo Market by Type
9.1.5.1.2 United States Electrical Power Torpedo Market by Application
9.1.5.2 Canada Electrical Power Torpedo Market
9.1.5.2.1 Canada Electrical Power Torpedo Market by Type
9.1.5.2.2 Canada Electrical Power Torpedo Market by Application
9.1.5.3 Mexico Electrical Power Torpedo Market
9.1.5.3.1 Mexico Electrical Power Torpedo Market by Type
9.1.5.3.2 Mexico Electrical Power Torpedo Market by Application
9.2. EUROPE
9.2.1 Europe Electrical Power Torpedo Market Overview
9.2.2 Europe Electrical Power Torpedo Market Forecasts and Analysis
9.2.3 Europe Electrical Power Torpedo Market Forecasts and Analysis - By Type
9.2.4 Europe Electrical Power Torpedo Market Forecasts and Analysis - By Application
9.2.5 Europe Electrical Power Torpedo Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electrical Power Torpedo Market
9.2.5.1.1 Germany Electrical Power Torpedo Market by Type
9.2.5.1.2 Germany Electrical Power Torpedo Market by Application
9.2.5.2 France Electrical Power Torpedo Market
9.2.5.2.1 France Electrical Power Torpedo Market by Type
9.2.5.2.2 France Electrical Power Torpedo Market by Application
9.2.5.3 Italy Electrical Power Torpedo Market
9.2.5.3.1 Italy Electrical Power Torpedo Market by Type
9.2.5.3.2 Italy Electrical Power Torpedo Market by Application
9.2.5.4 United Kingdom Electrical Power Torpedo Market
9.2.5.4.1 United Kingdom Electrical Power Torpedo Market by Type
9.2.5.4.2 United Kingdom Electrical Power Torpedo Market by Application
9.2.5.5 Russia Electrical Power Torpedo Market
9.2.5.5.1 Russia Electrical Power Torpedo Market by Type
9.2.5.5.2 Russia Electrical Power Torpedo Market by Application
9.2.5.6 Rest of Europe Electrical Power Torpedo Market
9.2.5.6.1 Rest of Europe Electrical Power Torpedo Market by Type
9.2.5.6.2 Rest of Europe Electrical Power Torpedo Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electrical Power Torpedo Market Overview
9.3.2 Asia-Pacific Electrical Power Torpedo Market Forecasts and Analysis
9.3.3 Asia-Pacific Electrical Power Torpedo Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electrical Power Torpedo Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electrical Power Torpedo Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electrical Power Torpedo Market
9.3.5.1.1 Australia Electrical Power Torpedo Market by Type
9.3.5.1.2 Australia Electrical Power Torpedo Market by Application
9.3.5.2 China Electrical Power Torpedo Market
9.3.5.2.1 China Electrical Power Torpedo Market by Type
9.3.5.2.2 China Electrical Power Torpedo Market by Application
9.3.5.3 India Electrical Power Torpedo Market
9.3.5.3.1 India Electrical Power Torpedo Market by Type
9.3.5.3.2 India Electrical Power Torpedo Market by Application
9.3.5.4 Japan Electrical Power Torpedo Market
9.3.5.4.1 Japan Electrical Power Torpedo Market by Type
9.3.5.4.2 Japan Electrical Power Torpedo Market by Application
9.3.5.5 South Korea Electrical Power Torpedo Market
9.3.5.5.1 South Korea Electrical Power Torpedo Market by Type
9.3.5.5.2 South Korea Electrical Power Torpedo Market by Application
9.3.5.6 Rest of Asia-Pacific Electrical Power Torpedo Market
9.3.5.6.1 Rest of Asia-Pacific Electrical Power Torpedo Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electrical Power Torpedo Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electrical Power Torpedo Market Overview
9.4.2 Middle East and Africa Electrical Power Torpedo Market Forecasts and Analysis
9.4.3 Middle East and Africa Electrical Power Torpedo Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electrical Power Torpedo Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electrical Power Torpedo Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electrical Power Torpedo Market
9.4.5.1.1 South Africa Electrical Power Torpedo Market by Type
9.4.5.1.2 South Africa Electrical Power Torpedo Market by Application
9.4.5.2 Saudi Arabia Electrical Power Torpedo Market
9.4.5.2.1 Saudi Arabia Electrical Power Torpedo Market by Type
9.4.5.2.2 Saudi Arabia Electrical Power Torpedo Market by Application
9.4.5.3 U.A.E Electrical Power Torpedo Market
9.4.5.3.1 U.A.E Electrical Power Torpedo Market by Type
9.4.5.3.2 U.A.E Electrical Power Torpedo Market by Application
9.4.5.4 Rest of Middle East and Africa Electrical Power Torpedo Market
9.4.5.4.1 Rest of Middle East and Africa Electrical Power Torpedo Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electrical Power Torpedo Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electrical Power Torpedo Market Overview
9.5.2 South and Central America Electrical Power Torpedo Market Forecasts and Analysis
9.5.3 South and Central America Electrical Power Torpedo Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electrical Power Torpedo Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electrical Power Torpedo Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electrical Power Torpedo Market
9.5.5.1.1 Brazil Electrical Power Torpedo Market by Type
9.5.5.1.2 Brazil Electrical Power Torpedo Market by Application
9.5.5.2 Rest of South and Central America Electrical Power Torpedo Market
9.5.5.2.1 Rest of South and Central America Electrical Power Torpedo Market by Type
9.5.5.2.2 Rest of South and Central America Electrical Power Torpedo Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRICAL POWER TORPEDO MARKET, KEY COMPANY PROFILES
11.1. ATLAS ELEKTRONIK
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAE SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BHARAT DYNAMICS LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HONEYWELL INTERNATIONAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LEONARDO S.P.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LOCKHEED MARTIN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RAYTHEON TECHNOLOGIES CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAAB AB
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THALES GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Atlas Elektronik
2. BAE Systems
3. Bharat Dynamics Limited
4. Honeywell International Inc.
5. Leonardo S.p.A.
6. Lockheed Martin Corporation
7. Northrop Grumman Corporation
8. Raytheon Technologies Corporation
9. Saab AB
10. Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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