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PUBLISHER: IMARC | PRODUCT CODE: 1792532
PUBLISHER: IMARC | PRODUCT CODE: 1792532
Torpedo Market Report by Weight (Heavyweight Torpedoes, Lightweight Torpedoes), Launch Platform (Sea-launched, Air-launched), Propulsion (Electric, Conventional), and Region 2025-2033
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PAGES: 141 Pages
DELIVERY TIME: 2-3 business days
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The global torpedo market size reached USD 1,098.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,530.8 Million by 2033, exhibiting a growth rate (CAGR) of 3.57% during 2025-2033.
A torpedo is a cigar-shaped, self-propelled underwater weapon that is launched from a submarine, ship or an aircraft to rupture the hulls of other submarines and surface vessels. It is one of the most preferred weapons that are utilized in marine warfare. The torpedo comprises intricate devices for controlling the depth and direction according to the signals received from an outside source and detonating the explosive-filled warhead when it strikes the target or comes close to it. At present, the demand for torpedoes is continuously rising owing to the growing threat of terrorism across the globe.
Torpedo Market Trends and Drivers:
The rising conflicts among different countries are encouraging governing agencies to increase their investments in the defense and military sector. This represents one of the major factors bolstering the global torpedo market growth. Besides this, they are also spending on the upgradation of their existing naval systems, especially the developed economies, which is positively influencing the sales of torpedoes. Furthermore, the introduction of advanced technologies, such as electric propulsion, advanced navigation and mini torpedoes, is escalating the market growth. Among these, electric propulsion torpedoes are currently gaining preference around the world on account of their advanced capabilities, such as high speed and fewer vibrations. Apart from this, the increasing investments in the research and development (R&D) activities to improve connectivity between submarines and weapons, intelligent controllers and ultra-broadband arrays are expected to strengthen the market growth in the upcoming years.
Key Market Segmentation:
Breakup by Weight:
- Heavyweight Torpedoes
- Lightweight Torpedoes
Breakup by Launch Platform:
- Sea-launched
- Surface-launched
- Underwater-launched
- Air-launched
Breakup by Propulsion:
- Electric
- Conventional
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aselsan, Atlas Elektronik GmbH, BAE Systems, Bharat Dynamics Limited, Leonardo SpA, Lockheed Martin Corporation, Naval Group, Northrop Grumman Corporation, Raytheon Company, Rosoboronexport, Saab AB, etc.
Key Questions Answered in This Report
- 1.What was the size of the global torpedo market in 2024?
- 2.What is the expected growth rate of the global torpedo market during 2025-2033?
- 3.What are the key factors driving the global torpedo market?
- 4.What has been the impact of COVID-19 on the global torpedo market?
- 5.What is the breakup of the global torpedo market based on the weight?
- 6.What is the breakup of the global torpedo market based on the launch platform?
- 7.What is the breakup of the global torpedo market based on propulsion?
- 8.What are the key regions in the global torpedo market?
- 9.Who are the key players/companies in the global torpedo market?
Product Code: SR112025A2032
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Torpedo Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Weight
- 6.1 Heavyweight Torpedoes
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lightweight Torpedoes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Launch Platform
- 7.1 Sea-launched
- 7.1.1 Market Trends
- 7.1.2 Major Types
- 7.1.2.1 Surface-launched
- 7.1.2.2 Underwater-launched
- 7.1.3 Market Forecast
- 7.2 Air-launched
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Propulsion
- 8.1 Electric
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Conventional
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
- 11.1 Overview
- 11.2 Inbound Logistics
- 11.3 Operations
- 11.4 Outbound Logistics
- 11.5 Marketing and Sales
- 11.6 Post Sales Services
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aselsan
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Atlas Elektronik GmbH
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 BAE Systems
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Bharat Dynamics Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Leonardo SpA
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Lockheed Martin Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Naval Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Northrop Grumman Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Raytheon Company
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Rosoboronexport
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Saab AB
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Aselsan
Product Code: SR112025A2032
List of Figures
- Figure 1: Global: Torpedo Market: Major Drivers and Challenges
- Figure 2: Global: Torpedo Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Torpedo Market: Breakup by Weight (in %), 2024
- Figure 4: Global: Torpedo Market: Breakup by Launch Platform (in %), 2024
- Figure 5: Global: Torpedo Market: Breakup by Propulsion (in %), 2024
- Figure 6: Global: Torpedo Market: Breakup by Region (in %), 2024
- Figure 7: Global: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 8: Global: Torpedo (Heavyweight Torpedoes) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Torpedo (Heavyweight Torpedoes) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Torpedo (Lightweight Torpedoes) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Torpedo (Lightweight Torpedoes) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Torpedo (Sea-launched) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Torpedo (Sea-launched) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Torpedo (Air-launched) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Torpedo (Air-launched) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Torpedo (Electric) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Torpedo (Electric) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Torpedo (Conventional) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Torpedo (Conventional) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: North America: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: North America: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: United States: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: United States: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Canada: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Canada: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Asia Pacific: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Asia Pacific: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: China: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: China: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Japan: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Japan: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: India: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: India: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: South Korea: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: South Korea: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Australia: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Australia: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Indonesia: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Indonesia: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Others: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Others: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Europe: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Europe: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Germany: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Germany: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: France: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: France: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: United Kingdom: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: United Kingdom: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Italy: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Italy: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Spain: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Spain: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Russia: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Russia: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Others: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Others: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Latin America: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Latin America: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Brazil: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Brazil: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Mexico: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Mexico: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Others: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Others: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Middle East and Africa: Torpedo Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Middle East and Africa: Torpedo Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Global: Torpedo Industry: SWOT Analysis
- Figure 69: Global: Torpedo Industry: Value Chain Analysis
- Figure 70: Global: Torpedo Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Torpedo Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Torpedo Market Forecast: Breakup by Weight (in Million USD), 2025-2033
- Table 3: Global: Torpedo Market Forecast: Breakup by Launch Platform (in Million USD), 2025-2033
- Table 4: Global: Torpedo Market Forecast: Breakup by Propulsion (in Million USD), 2025-2033
- Table 5: Global: Torpedo Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Torpedo Market: Competitive Structure
- Table 7: Global: Torpedo Market: Key Players
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