Global Self-propelled Torpedo Market Growth 2025-2031

The global Self-propelled Torpedo market size is predicted to grow from US$ 1230 million in 2025 to US$ 1451 million in 2031; it is expected to grow at a CAGR of 2.8% from 2025 to 2031.

Self-propelled Torpedo is a self-propelled weapon with an explosive warhead, launched above or below the water surface, propelled underwater towards a target, and designed to detonate either on contact with its target or in proximity to it.

Lightweight torpedo is the most cost- and operationally effective anti-submarine warfare weapon in all situations. Such benefits boost the demand for torpedoes by naval forces globally.

LP Information, Inc. (LPI) ' newest research report, the “Self-propelled Torpedo Industry Forecast” looks at past sales and reviews total world Self-propelled Torpedo sales in 2024, providing a comprehensive analysis by region and market sector of projected Self-propelled Torpedo sales for 2025 through 2031. With Self-propelled Torpedo sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Self-propelled Torpedo industry.

This Insight Report provides a comprehensive analysis of the global Self-propelled Torpedo landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Self-propelled Torpedo portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Self-propelled Torpedo market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Self-propelled Torpedo and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Self-propelled Torpedo.

This report presents a comprehensive overview, market shares, and growth opportunities of Self-propelled Torpedo market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Heavyweight Torpedo

Lightweight Torpedo

Segmentation by Application:

Submarine

Surface Ship

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Leonardo

Norinco Group

Lockheed Martin

Raytheon

Atlas Elektronik

Saab AB

Tactical Missiles Corporation,

Bharat Dynamics

DCNS

Mitsubishi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Self-propelled Torpedo market?

What factors are driving Self-propelled Torpedo market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Self-propelled Torpedo market opportunities vary by end market size?

How does Self-propelled Torpedo break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.