Boston, MA -- (SBWIRE) -- 03/03/2017 -- Torpedoes are anti-submarine and anti-warship weapons used by navies across the globe with systems that are self-propelled and guided projectiles. These are operated mostly underwater and are designed to detonate on contact or in proximity to a target. Torpedoes may be launched from surface ships, submarines, fixed-wing aircraft, or helicopters. Torpedoes that are launched from warships or submarines are usually heavyweight torpedoes and the ones launched from aircraft are lightweight torpedoes.

Technavio's analysts forecast the global torpedo market to grow at a CAGR of 3.04% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global torpedo market for 2017-2021. To calculate the market size, the report considers the torpedo procurement deals and the investment by each of the three regions (Americas, EMEA, and APAC) into manufacturing and acquiring torpedoes.

The market is divided into the following segments based on geography:

Get More Details on this Report and a Full Table of Contents at Global Torpedo Market 2017-2021

-Americas
-APAC
-EMEA

Technavio's report, Global torpedo Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ATLAS ELEKTRONIK
-BAE Systems
-Lockheed Martin
-Raytheon
-Saab

Other prominent vendors

-Bharat Dynamics Limited (BDL)
-DCNS
-Honeywell International
-Leonardo-Finmeccanica
-Orbital ATK

Market driver

-Advancements in undersea warfare
-For a full, detailed list, view our report

Market challenge

-Focus on development of advanced submarine-launched ballistic missiles
-For a full, detailed list, view our report

Market trend

-Development of hybrid torpedoes
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ATLAS ELEKTRONIK, BAE Systems, Lockheed Martin, Raytheon, Saab, Bharat Dynamics Limited (BDL), DCNS, Honeywell International, Leonardo-Finmeccanica, Orbital ATK

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Defense research reports at Fast Market Research

You may also be interested in these related reports:

-Global DC-DC Converters Market - Forecast to 2021
-Pharmaceutical Excipients Market - Global Forecast to 2021
-Global Respiratory Drugs Market to 2022 - Pipeline and Market Characterized by Growing Prominence of Targeted Therapies, with Asthma and Cystic Fibrosis Leading the Way
-Base Oil Market - Global Trends & Forecasts to 2020
-Sleep Apnea Devices Market - Analysis & Global Forecasts to 2021