The Torpedo Market Size is steadily advancing as nations across the globe prioritize underwater warfare capabilities and naval security. According to (MRFR), the global torpedo market was valued at USD 1.245 billion in 2024 and is projected to grow to USD 2.464 billion by 2035, representing a compound annual growth rate (CAGR) of 6.4% between 2025 and 2035. Torpedoes play a critical role...

Market Overview The global torpedo market was valued at USD 993.57 million in 2022 and is expected to grow at a CAGR of 5.2% during the forecast period. The global torpedo market is witnessing steady growth as naval defense forces across the world continue to modernize fleets and invest in underwater warfare capabilities. Torpedoes are self-propelled, underwater weapons designed to target...