Torpedo Market Size to Surpass USD 5.18 Billion Growth by 2033, Exhibit a CAGR of 7.75% | Growing Need to Preserve Maritime Superiority [Yahoo! Finance]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Yahoo! Finance
Newark, April 18, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 2.46 Billion in 2023 torpedo market will reach USD 5.18 Billion by 2033. Torpedoes are the most lethal underwater weapon commonly seen in submarines. An increase in ongoing disputes between countries such as China and India, Taiwan, Russia and Ukraine, and others has led to a growth in the torpedo business. Developed and developing countries governments have allocated funds to build strong naval and submarine forces. This aspect is anticipated to raise the overall demand for torpedoes in the future years. AI-integrated lightweight and smart torpedoes are in great demand because of their improved performance, low cost, and quick detecting speed. Request Sample Copy of Torpedo Market Research Report: https://www.thebrainyinsights.com/enquiry/sample-request/14162 Key Insight of the Torpedo Market Asia Pacific is anticipated to expand at the highest CAGR of 10.32% over the projection period. Asi
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