Torpedo Market Research Report 2019, Industry Trends, Share, Size, Demand and Future Scope
According to IMARC Group, the torpedo market to grow at a CAGR of around 4% during 2020-2025. A torpedo is a self-propelled underwater missile that is released from a submarine or an airplane to detonate upon coming in contact with the hulls of surface vessels and other warships. It consists of sensors to control its depth and direction, which respond to a set plan or signals received from an outside source. Request for a free sample copy of this research report: https://www.imarcgroup.com/torpedo-market/requestsample The growing threat of terrorism and rising conflicts between countries have prompted the governing authorities to invest in the defense and military sector. They are also spending on the upgradation of existing underwater warfare weapons to destroy hostile ships, which is providing a positive thrust to the market growth. Furthermore, technological advancements have resulted in the development of smart and indigenous torpedoes with advanced capabilit...