Torpedo Market to Reach USD 1.6981 Billion by 2032 at a CAGR of 6.40% Due to Increase in Maritime Border Disputes.

A torpedo is an underwater missile with a self-contained engine that is guided to its target and is intended to target and sink enemy ships or submarines.

NEW YORK,, TX, UNITED STATES, April 14, 2025 /EINPresswire.com/ -- Torpedo Market Outlook

The global Torpedo Market size is poised for significant growth over the next decade, with its market size projected to rise from USD 1.1704 billion in 2024 to USD 1.6981 billion by 2032, representing a robust compound annual growth rate (CAGR) of 6.40%. This growth trajectory is underpinned by increasing geopolitical tensions, advancements in underwater warfare technology, and the rising demand for effective anti-submarine warfare capabilities across naval forces globally.

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Torpedoes, long considered one of the most reliable underwater weapons in naval warfare, continue to play a pivotal role in modern Défense strategies. These self-propelled weapons are designed to travel underwater and strike targets such as submarines and surface vessels with precision. As maritime security challenges grow, the modernization and expansion of naval fleets by both developed and developing nations are fueling demand for next-generation torpedoes that are faster, quieter, and smarter.

A key driver contributing to market expansion is the heightened focus on naval modernization programs. Countries including the United States, China, Russia, and India are aggressively upgrading their naval fleets, which includes the procurement of advanced torpedoes and the enhancement of submarine and anti-submarine warfare (ASW) capabilities. Additionally, the increasing deployment of unmanned underwater vehicles (UUVs) and the integration of torpedoes with these platforms are expected to create new opportunities for market players.