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. Get a Quote - Request a price quote for the report or specific research services: 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 na...