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Torpedo Market

Torpedo Market

Torpedo Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Aug - 2023



Report Code:


Segments Covered
  • By Product By Product Heavyweight Torpedoes , Lightweight Torpedoes
  • By Launched platform By Launched platform Air-launched , Surfaced-launched , Underwater-launched
  • By  Propulsion By Propulsion Electric Propulsion, Conventional Propulsion
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 936 Million
Revenue 2030Revenue 2030: USD 1454 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 5.6%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Europe
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Sr. No. Offering Report Coverage
1. Market Size In terms of Revenue (USD Million)
2. Historic Data 2017 to 2021
3. Forecast Data 2023 to 2030
4. Market Drivers, Restraints, Opportunities, & Regional Market Trends Yes
5. Market Attractiveness Analysis Yes
6. Segment Analysis Maximum Segments
7. Regional Coverage 5 Regions
8. Country Coverage Top 22 Countries
9. Competitive Landscape and Company Market Share Analysis Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.
10. Porter’s Five Forces Analysis Yes.
11. Value Chain Analysis Yes
12. PEST Analysis Yes
13. Regulatory Landscape Yes
14. Technology Landscape Yes
15. COVID-19 Impact Analysis Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.
16. Top startups to watch out for Yes
17. Top 3 Trends to Watch Yes
18. Top 3 Strategies Followed by Major Players Yes
19. Top 3 Predictions by Vantage Market Research Yes
20. Discussion Guide Yes
21. Key Primary Respondents - VERBATIM Yes
22. Transcripts from the Primary Respondents Additional Cost USD 1,000
23. Others/Miscellaneous
Frequently Asked Question
  • The global Torpedo valued at USD 936 Million in 2022 and is expected to reach USD 1454 Million in 2030 growing at a CAGR of 5.6%.

  • The prominent players in the market are Atlas Elektronik GmbH (Germany), BAE Systems PLC (U.K.), Lockheed Martin Corporation (U.S.), Naval Group (France), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.), Saab AB (Sweden), Sechan Electronics Inc. (U.S.), Bharat Dynamics Limited (India), Honeywell International Inc. (U.S.), Leonardo S.P.A. (Italy) .

  • The market is project to grow at a CAGR of 5.6% between 2023 and 2030.

  • The driving factors of the Torpedo include

    • Increasing Naval Vessel Procurement as a result of an increasing Defense Budget to stimulate market growth

  • Asia Pacific was the leading regional segment of the Torpedo in 2022.