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Torpedo Market Size

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Report ID: 2625
Published Date: Oct 15, 2024
Report Format: PDF, PPT

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Torpedo Market Size

Torpedo Market size was valued at USD 1.05 billion in 2024 and is likely to cross USD 2.19 billion by 2037, registering more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of torpedo is estimated at USD 1.1 billion.

Increasing investments in underwater warfare equipment and growing conflicts among countries along with the emergence of advanced technologies in marine war capabilities are some of the significant factors boosting the market growth.

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Torpedo Market Size & Share | Growth Forecast 2036

Author Credits: Dhruv Bhatia

Report ID: 2625
Published Date: Oct 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of torpedo is estimated at USD 1.1 billion.

Torpedo Market size was valued at USD 1.05 billion in 2024 and is likely to cross USD 2.19 billion by 2037, registering more than 5.8% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to dominate majority revenue share by 2036, as development of innovative technologies as well as huge investments in naval procurements combined with the growing emphasis on developing ship combat systems are met in the region.

The major players in the market are Lockheed Martin Corporation, Leonardo S.p.A, Raytheon Technologies Corporation, Rosoboronexport, Saab AB, BAE Systems, Bharat Dynamics Ltd., Atlas Elektronik GmbH, and others.

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