Emerging Trends to Drive Self-Guided Torpedo Market Growth at 5.5% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Self-Guided Torpedo Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust expansion in the self-guided torpedo market. This growth trajectory is set to persist, with the market size anticipated to increase from $1.41 billion in 2024 to $1.50 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%. The growth obtained during the historical period is chiefly due to factors such as increased naval modernization programs, the proliferation of maritime security threats, the expansion of the submarine fleet, enhanced defense budgets in up-and-coming economies, alongside an escalation in underwater invasions and threats.

How Will the Self-Guided Torpedo Market Size Evolve and Grow by 2029?
Anticipated to witness robust expansion over the coming years, the self-guided torpedo market is projected to reach $1.86 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.6%. This expected growth during the forecast period can be ascribed to factors such as increased focus on native defense production, a surge in the use of lightweight and heavyweight torpedoes for diversified mission roles, a heightened emphasis on anti-submarine warfare capabilities, a rise in collaborative naval exercises and procurement, and greater deployment of autonomous underwater vehicles. Prominent trends anticipated in the forecast period comprise progressions in propulsion and energy systems, technological improvements in sonar and acoustic homing, advancements in the design of compact and lightweight warheads, evolution in guidance and navigation algorithms, and advancing maturity in fiber-optic and wire-guided communication.

View the full report here:
https://www.thebusinessresearchcompany.com/report/self-guided-torpedo-global-market-report

What Drivers Are Propelling the Growth of Self-Guided Torpedo Market Forward?
Rising tendencies toward naval modernization are anticipated to fuel an expansion in the market for self-guided torpedoes. Naval modernization is the process of upgrading a nation's maritime forces with modern ships, submarines, weaponry, technology, and infrastructure to bolster maritime security and operational capability, and enhance strategic deterrence. This upward trend in modernization is borne out of escalating geopolitical conflicts, nations striving for control over strategic maritime zones, trade route security, deterrent posturing towards potential adversaries, and maintaining balance of power amid intensifying rivalry. Self-guided torpedoes contribute to naval modernization by offering precise, self-sufficient targeting, adjusting to underwater conditions, and synching with advanced combat systems for superior maritime operations. For example, the Congressional Research Service, a federal agency in the US, in August 2024, reported that the Chinese navy numbers have risen to over 370 ships and is projected to escalate to 395 by 2025. As a repercussion, the rise in naval modernization is fuelling the self-guided torpedo market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25559&type=smp

Which Emerging Trends Are Transforming the Self-Guided Torpedo Market in 2025?
Leading corporations in the self-guided torpedo industry are prioritizing the development of groundbreaking advancements like top-tier propulsion and guidance systems. These advancements aim to augment targeting precision, extend operational distance, and advance maneuverability in intricate underwater landscapes. These development refers to state-of-the-art technologies incorporated into torpedoes, enabling swifter, quieter, and more efficient water travel, coupled with precise navigation and target monitoring using sensors, algorithms, and live data processing. For instance, Global Industrial and Defence Solutions (GIDS), a defense firm based in Pakistan, unveiled the Eghraaq, an avant-garde ultra-lightweight anti-submarine torpedo (ULWT), in November 2024. This upcoming torpedo features a sleek and small design, ideal for dispatch from aerodynamic platforms, tiny naval vessels, and unmanned underwater vehicles (UUVs). Its key characteristics include top-grade guidance systems for enhanced target identification, a swift propulsion mechanism for quick engagement, and a diminished acoustic footprint for heightened stealth. The EGHRAAQ also combines modular payload configurations, allowing adaptability for diverse mission profiles, and features domestically developed technologies, symbolizing Pakistan's increasing focus on defense autonomy.

What Are the Key Segments in the Self-Guided Torpedo Market?
The self-guided torpedo market covered in this report is segmented -

1) By Type: Heavyweight Torpedo, Lightweight Torpedo
2) By Technology: Guidance System, Propulsion System, Warhead Type
3) By Launch Platform: Surface Ships, Submarines, Aircraft, Land-Based Platforms
4) By Application: Naval Vessels, Submarines, Other Applications
5) By End User: Military, Defense Contractors

Subsegments:
1) By Heavyweight Torpedo: Electric Heavyweight Torpedo, Thermal Propulsion Heavyweight Torpedo, Wire-Guided Heavyweight Torpedo, Acoustic Homing Heavyweight Torpedo, Submarine-Launched Heavyweight Torpedo, Ship-Launched Heavyweight Torpedo
2) By Lightweight Torpedo: Aerial-Launched Lightweight Torpedo, Ship-Launched Lightweight Torpedo, Autonomous Lightweight Torpedo, Electric-Powered Lightweight Torpedo, Air-Drop Compatible Lightweight Torpedo, Sonar-Guided Lightweight Torpedo

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25559&type=smp

Who Are the Key Players Shaping the Self-Guided Torpedo Market's Competitive Landscape?
Major Companies operating in the self-guided torpedo market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Naval Group, Saab AB, ASELSAN A.S., LIG Nex1 Co. Ltd., Roketsan Roket Sanayii ve Ticaret A.S., Anduril Industries Inc., ATLAS ELEKTRONIK GmbH, Bharat Dynamics Limited, Marshall Aerospace and Defence Group, Tactical Missiles Corporation JSC, Rosoboronexport JSC, Vatn Systems Inc.

What Geographic Markets Are Powering Growth in the Self-Guided Torpedo Market?
North America was the largest region in the self-guided torpedo market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-guided torpedo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25559

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.