Torpedo Market Size, Share & Industry Analysis, By Weight (Heavyweight Torpedoes and Lightweight Torpedoes), By Launch Platform (Air-Launched, Surface-Launched, and Underwater-Launched), By Propulsion (Electric Propulsion and Conventional Propulsion), and Regional Forecast, 2026-2034

Last Updated: March 09, 2026 | Format: PDF | Report ID: FBI101571

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Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Industry Developments –Mergers, Acquisitions and Partnerships
2. Latest technological Advancements
3. Porters Five Forces Analysis
4. Supply Chain Analysis
Qualitative Insights
1. Impact of COVID-19 on the Torpedo Market
2. Supply Chain Challenges
3. Steps Taken by the Industry/Government/Companies to Overcome the Impact
4. Key Developments in the Industry in Response to COVID-19
5. Potential Opportunities due to COVID-19 Outbreak
Global Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis, Insights and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Rest of the world
North America Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. The U.S.
  2. Canada
Europe Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. The U.K.
  2. Germany
  3. France
  4. Russia
  5. Rest of Europe
Asia pacific Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. Japan
  2. China
  3. India
  4. Rest of Asia Pacific
Rest of the world Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Sub-Region
  1. Latin America
  2. The Middle East and Africa
Competitive Analysis
1. Key Industry Developments
2. Global Market Share Analysis (2025)
3. Competition Dashboard
4. Comparative Analysis – Major Players
5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
  1. ASELSAN AS
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  2. Atlas Elektronik GmbH
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  3. BAE Systems PLC
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  4. Bharat Dynamics Limited
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  5. Honeywell International Inc.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  6. Leonardo S.P.A.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  7. Lockheed Martin Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  8. Naval Group
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  9. Northrop Grumman Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  10. Raytheon Technologies Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  11. Rosoboronexport
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  12. Saab AB
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  13. Sechan Electronics Inc.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Industry Developments –Mergers, Acquisitions and Partnerships
2. Latest technological Advancements
3. Porters Five Forces Analysis
4. Supply Chain Analysis
Qualitative Insights
1. Impact of COVID-19 on the Torpedo Market
2. Supply Chain Challenges
3. Steps Taken by the Industry/Government/Companies to Overcome the Impact
4. Key Developments in the Industry in Response to COVID-19
5. Potential Opportunities due to COVID-19 Outbreak
Global Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis, Insights and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Rest of the world
North America Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. The U.S.
  2. Canada
Europe Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. The U.K.
  2. Germany
  3. France
  4. Russia
  5. Rest of Europe
Asia pacific Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Country
  1. Japan
  2. China
  3. India
  4. Rest of Asia Pacific
Rest of the world Torpedo Market Analysis, Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Weight
  1. Heavyweight Torpedoes
  2. Lightweight Torpedoes
3. Market Analysis, Insights and Forecast – By Launch Platform
  1. Air-launched
  2. Surface-Launched
  3. Underwater-Launched
4. Market Analysis, Insights and Forecast – By Propulsion
  1. Electric Propulsion
  2. Conventional Propulsion
5. Market Analysis – By Sub-Region
  1. Latin America
  2. The Middle East and Africa
Competitive Analysis
1. Key Industry Developments
2. Global Market Share Analysis (2025)
3. Competition Dashboard
4. Comparative Analysis – Major Players
5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
  1. ASELSAN AS
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  2. Atlas Elektronik GmbH
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  3. BAE Systems PLC
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  4. Bharat Dynamics Limited
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  5. Honeywell International Inc.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  6. Leonardo S.P.A.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  7. Lockheed Martin Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  8. Naval Group
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  9. Northrop Grumman Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  10. Raytheon Technologies Corporation
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  11. Rosoboronexport
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  12. Saab AB
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)
  13. Sechan Electronics Inc.
    1. Overview,
    2. Products & services,
    3. SWOT analysis,
    4. Recent developments,
    5. strategies,
    6. financials (based on availability)

Read Less

List of Figures

Figure 1: Global Torpedo Market Revenue Breakdown (USD Mn, %) by Region, 2025 & 2034

Figure 2: Global Torpedo Market Value Share (%), By Weight, 2025 & 2034

Figure 3: Global Torpedo Market Forecast (USD Mn), by Heavyweight Torpedoes , 2021-2034

Figure 4: Global Torpedo Market Forecast (USD Mn), by Lightweight Torpedoes , 2021-2034

Figure 5: Global Torpedo Market Value Share (%), By Launch Platform, 2025 & 2034

Figure 6: Global Torpedo Market Forecast (USD Mn), by Air-launched, 2021-2034

Figure 7: Global Torpedo Market Forecast (USD Mn), by Surface-Launched, 2021-2034

Figure 8: Global Torpedo Market Forecast (USD Mn), by Underwater-Launched , 2021-2034

Figure 9: Global Torpedo Market Value Share (%), by Propulsion, 2025 & 2034

Figure 10: Global Torpedo Market Forecast (USD Mn), by Electric Propulsion, 2021-2034

Figure 11: Global Torpedo Market Forecast (USD Mn), by Conventional Propulsion , 2021-2034

Figure 12: Global Torpedo Market Value (USD Mn), by Region, 2025 & 2034

Figure 13: North America Torpedo Market Value (USD Mn), By Weight, 2025 & 2034

Figure 14: North America Torpedo Market Value Share (%), By Weight, 2025

Figure 15: North America Torpedo Market Value (USD Mn), By Launch Platform, 2025 & 2034

Figure 16: North America Torpedo Market Value Share (%), By Launch Platform, 2025

Figure 17: North America Torpedo Market Value (USD Mn), by Propulsion, 2025 & 2034

Figure 18: North America Torpedo Market Value Share (%), by Propulsion, 2025

Figure 19: North America Torpedo Market Value (USD Mn), By Country, 2025 & 2034

Figure 20: North America Torpedo Market Value Share (%), By Country, 2025

Figure 21: Europe Torpedo Market Value (USD Mn), By Weight, 2025 & 2034

Figure 22: Europe Torpedo Market Value Share (%), By Weight, 2025

Figure 23: Europe Torpedo Market Value (USD Mn), By Launch Platform, 2025 & 2034

Figure 24: Europe Torpedo Market Value Share (%), By Launch Platform, 2025

Figure 25: Europe Torpedo Market Value (USD Mn), by Propulsion, 2025 & 2034

Figure 26: Europe Torpedo Market Value Share (%), by Propulsion, 2025

Figure 27: Europe Torpedo Market Value (USD Mn), By Country, 2025 & 2034

Figure 28: Europe Torpedo Market Value Share (%), By Country, 2025

Figure 29: Asia Pacific Torpedo Market Value (USD Mn), By Weight, 2025 & 2034

Figure 30: Asia Pacific Torpedo Market Value Share (%), By Weight, 2025

Figure 31: Asia Pacific Torpedo Market Value (USD Mn), By Launch Platform, 2025 & 2034

Figure 32: Asia Pacific Torpedo Market Value Share (%), By Launch Platform, 2025

Figure 33: Asia Pacific Torpedo Market Value (USD Mn), by Propulsion, 2025 & 2034

Figure 34: Asia Pacific Torpedo Market Value Share (%), by Propulsion, 2025

Figure 35: Asia Pacific Torpedo Market Value (USD Mn), By Country, 2025 & 2034

Figure 36: Asia Pacific Torpedo Market Value Share (%), By Country, 2025

Figure 37: Rest of the World Torpedo Market Value (USD Mn), By Weight, 2025 & 2034

Figure 38: Rest of the World Torpedo Market Value Share (%), By Weight, 2025

Figure 39: Rest of the World Torpedo Market Value (USD Mn), By Launch Platform, 2025 & 2034

Figure 40: Rest of the World Torpedo Market Value Share (%), By Launch Platform, 2025

Figure 41: Rest of the World Torpedo Market Value (USD Mn), by Propulsion, 2025 & 2034

Figure 42: Rest of the World Torpedo Market Value Share (%), by Propulsion, 2025

Figure 43: Rest of the World Torpedo Market Value (USD Mn), By Sub-region, 2025 & 2034

Figure 44: Rest of the World Torpedo Market Value Share (%), By Sub-region, 2025

Figure 45: Global Market Share (%) Analysis, By Manufacturers, 2025

List of Tables

Table 1: Global Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021–2034

Table 2: Global Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021–2034

Table 3: Global Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 4: Global Torpedo Market Revenue (USD Mn) Forecast, by Region, 2021-2034

Table 5: North America Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 6: North America Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 7: North America Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 8: North America Torpedo Market Revenue (USD Mn) Forecast, By Country, 2021-2034

Table 9: The U.S. Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 10: The U.S. Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 11: The U.S. Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 12: Canada Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 13: Canada Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 14: Canada Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 15: Europe Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 16: Europe Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 17: Europe Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 18: Europe Torpedo Market Revenue (USD Mn) Forecast, By Country, 2021-2034

Table 19: The U.K. Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 20: The U.K. Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 21: The U.K. Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 22: Germany Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 23: Germany Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 24: Germany Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 25: France Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 26: France Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 27: France Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 28: Russia Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 29: Russia Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 30: Russia Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 31: Rest of Europe Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 32: Rest of Europe Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 33: Rest of Europe Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 34: Asia Pacific Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 35: Asia Pacific Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 36: Asia Pacific Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 37: Asia Pacific Torpedo Market Revenue (USD Mn) Forecast, By Country, 2021-2034

Table 38: Japan Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 39: Japan Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 40: Japan Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 41: China Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 42: China Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 43: China Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 44: India Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 45: India Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 46: India Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 47: Rest of Asia-Pacific Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 48: Rest of Asia-Pacific Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 49: Rest of Asia-Pacific Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 50: Rest of the World Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 51: Rest of the World Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 52: Rest of the World Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 53: Rest of the World Torpedo Market Revenue (USD Mn) Forecast, By Sub-region, 2021-2034

Table 54: Latin America Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 55: Latin America Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 56: Latin America Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 57: The Middle East and Africa Torpedo Market Revenue (USD Mn) Forecast, By Weight, 2021-2034

Table 58: The Middle East and Africa Torpedo Market Revenue (USD Mn) Forecast, By Launch Platform, 2021-2034

Table 59: The Middle East and Africa Torpedo Market Revenue (USD Mn) Forecast, by Propulsion, 2021-2034

Table 60: Global Torpedo Market Share (%), by Key Players, 2025

STUDY PERIOD: 2021-2034
BASE YEAR: 2025
HISTORICAL DATA: 2021-2024
NO OF PAGES: 200

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