Global Torpedo Market

1. Global Torpedo Market Global Torpedo Market A torpedo market is a sea conceived as a weaponized system that is used on naval platforms to attack enemies. It is a lethal underwater weapon for platforms such as surface vessels, helicopters, submarines, and aircraft. A torpedo contains devices to control its direction and depth based on a pre-set plan or in response to the outside source signals. It is also a device that detonates the explosive warhead when it comes close to the target or strikes it. A torpedo is cigar-shaped. It is considered to be one of the most preferred weapons that is used in marine warfare. Currently, the torpedo’s demand is growing due to the increase in the threat of terrorism. A torpedo can be launched above or below the water surface. It has the ability to self-propel. There is a growing demand for the lightweight torpedo carried by aircraft, which in turn enhances the growth of lightweight torpedos. Upgradation of the existing naval system also paves way for the sales of the torpedos. The following factors escalate the Torpedo market growth; they are advanced navigation, mini torpedos, and electric propulsion, which are the advanced technologies. Among the above-mentioned technologies, electric propulsion gets more attention because of its advanced capabilities such as fewer vibrations and high speed. Major factors driving Torpedo Market Growth The Torpedo market size growth is boosted by rising maritime border dispute issues with the neighbouring countries. There is huge growth in the adoption of torpedos all across the world due to the increase in activities of terrorism. With increased terrorist activities, in countries across Europe and Asia pacific, the concerns regarding border security increased. Thus, to improve marine border security and marine mission capabilities, the developed country’s government are focussing on the development of submarines, maritime helicopters, and submarines armed with torpedoes. www.aviationanddefensemarketreports.com

2. The new capabilities are tested by the countries, which support the Torpedo market size growth. For example, DRDO (Defense Research and development organization) India announces that they have successfully launched SMAT (Supersonic Missile Assisted Torpedo System); the full range of proposed distance was demonstrated successfully during the operation. This system is designed to combat submarine ability. Torpedo Market Analysis for Recent Developments Torpedo market reports, the US government awarded a contract to the Indian defense ministry worth INR 423 Crore. It is for the procurement of MK 54 torpedo as well as expendables such as flares and chaff for P-8I anti-submarine warfare aircraft of the Indian army. Torpedo market reports, Thales Australia was awarded a contract by the Australian department of defense worth USD 14.5 million, for the maintenance of the Royal Australian Navy’s MU90 torpedo. Visit us: - http://bit.ly/3yAAEPS www.aviationanddefensemarketreports.com