Global Line Guided Torpedo
Market Report
2025
The global Line Guided Torpedo market size will be USD 1351.2 million in 2024. The development of line-guided torpedoes is being driven by the growing need for longer-range torpedoes for both commercial and naval defense applications, which are expected to boost sales to USD 2031.70 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Line Guided Torpedo market size will be USD 1351.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Line Guided Torpedo Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Advanced underwater weapons with guidance systems connected by cables, including fiber optics or wires, that provide real-time communication and control during deployment are the main emphasis of the line-guided torpedo market. These torpedoes provide accuracy and versatility in a range of maritime environments, making them extremely successful in anti-submarine and anti-surface warfare. Rising geopolitical tensions, growing worries about maritime security, and the growing demand for sophisticated naval defense systems all influence market dynamics. Innovation is being propelled by technological developments, such as enhanced underwater guiding and propulsion systems. However, there are limitations because of expensive development costs and difficult integration issues. Regional defense budgets, military modernization initiatives, and the expanding use of autonomous undersea platforms all have an impact on the industry.
In September 2023, Malloy Aeronautics and BAE Systems teamed. This enabled them to successfully verify that, during the NATO repmus exercise, an inert sting ray torpedo was launched from a heavy-lift unmanned aircraft system (UAS).
(Source:https://www.baesystems.com/en/article/t-600-electric-uncrewed-demonstrator-aircraft-achieves-significant-milestone-at-nato-exercise)
The market for line-guided torpedoes is expanding due to growing marine security risks. The necessity for sophisticated marine defense systems has increased due to rising territorial conflicts, geopolitical tensions, and the growing threat of underwater intrusions. Because line-guided torpedoes are accurate and dependable in destroying enemy submarines and boats, coastal governments are investing in them. These torpedoes give navies an advantage in defending maritime borders and are particularly important for anti-submarine warfare (ASW) operations. The need for line-guided torpedoes is anticipated to increase as countries prioritize strengthening their naval forces to counter changing threats, propelling market growth in the ensuing years.
The market for line-guided torpedoes is expected to increase significantly due to advancements in underwater guidance technology. High-speed fiber optic cables, improved sonar systems, and real-time data transmission are some of the innovations that are increasing line-guided torpedo accuracy, range, and dependability. Torpedoes are essential to contemporary naval operations because of these technologies, which allow them to maintain exceptional accuracy in difficult underwater conditions. Furthermore, target acquisition and decision-making capabilities are being improved by the incorporation of AI and machine learning into guidance systems. The market for technologically superior line-guided torpedoes is predicted to grow internationally as navies look for innovative ways to improve their undersea combat preparedness.
The market for line-guided torpedoes is severely constrained by high development and manufacturing costs. Costs are increased by the need for new materials, state-of-the-art machinery, and specialized knowledge to produce these sophisticated weapon systems. The need for compliance with rigorous military standards, intensive research, and testing further increases costs. These exorbitant prices may discourage smaller or less wealthy countries from purchasing line-guided torpedoes in favor of less expensive options. Some navies find it difficult to defend widespread adoption because maintenance and lifespan costs increase the financial burden. Consequently, market accessibility is restricted by the high costs, especially in areas with limited military resources or conflicting objectives.
The line-guided torpedo market was greatly affected by the COVID-19 pandemic, which caused supply chains, production schedules, and procurement operations to be disrupted. Limitations on manufacturing facilities and delays in the delivery of essential components hampered torpedo development and deployment. Investments in naval modernization initiatives were slowed as defense funding in a number of countries was reallocated to pandemic response activities. During the pandemic, market expansion was further impeded by delayed naval exercises and fewer international defense cooperation. However, the market is being revived by the resumption of defense activity and the slow recovery of the world economies. Amidst escalating geopolitical tensions, nations are placing a higher priority on marine security, and the post-pandemic demand for sophisticated line-guided torpedoes is anticipated to increase.
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Leading companies in the line-guided torpedo market are concentrating on innovation, technological developments, and strategic alliances in order to fortify their market positions. Large defense companies with strong R&D capabilities, such as Raytheon Technologies, BAE Systems, and Lockheed Martin, are in control. Support from the local government is also helping to propel the growth of regional industries. The fierce rivalry is on providing high-precision, reasonably priced systems while tackling changing naval warfare requirements and international geopolitical issues.
In October 2022, Saab AB delivered the new lightweight torpedo, known as the Saab Lightweight Torpedo, for the first time to Sweden's defense procurement agency at fair market value (FMV). Designed mainly for Swedish submarines and Visby corvettes, the torpedo is ready to be integrated with helicopters. Before commissioning the torpedo system with the Royal Swedish Navy, FMV is currently conducting final verification to make sure it satisfies their criteria. (Source: https://www.saab.com/newsroom/press-releases/2022/saab-starts-deliveries-of-new-lightweight-torpedo-to-sweden) In October 2021, Defence Industry Minister Melissa Price's announcement to award a $20 million contract to maintain the Royal Australian Navy's MU90 Lightweight torpedo was welcomed by Thales Australia, highlighting the company's proven ability to maintain guided munitions and weapons systems in Australia. (Source:https://www.thalesgroup.com/en/countries-asia/australia/press-release/thales-australia-welcomes-torpedo-support-contract#:~:text=Thales%20Australia%20welcomes%20the%20announcement,guided%20munitions%20and%20weapons%20systems.) In May 2020, Northrop Grumman successfully built and tested the U.S. Navy's first industry-built Very Lightweight Torpedo (VLWT). To replace expensive components and promote overall affordability, repeatability, and reliability, Northrop Grumman enhanced the VLWT baseline design by utilizing its technical and manufacturing capabilities. (Source:https://www.northropgrumman.com/what-we-do/sea/manufacturing-the-very-lightweight-torpedo)
Top Companies Market Share in Line Guided Torpedo Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Line Guided Torpedos market, and the region is expected to have significant growth during the projected period. The market for line-guided torpedos is anticipated to rise significantly in North America because of its strong naval capabilities and rising investments in cutting-edge defense technologies. With its vast naval fleet and emphasis on updating underwater warfare technologies, the US is a key player in market expansion. Geopolitical tensions in key waterways and growing maritime security concerns increase the need for precision-guided torpedoes. High defense budgets, robust government backing, and the existence of top defense companies in the area all boost innovation and deployment. North America's role as a major growth engine is cemented by its focus on autonomous systems and anti-submarine warfare (ASW).
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to growing geopolitical tensions, territorial conflicts, and growing navy modernization in important nations like China, India, and Japan, the Asia Pacific region is expected to see considerable expansion in the line-guided torpedo market. Advanced undersea weapons are in high demand because of the region's increased military budgets and the growing number of submarines in vital waters. Line-guided torpedoes also improve operating efficiency when combined with unmanned platforms and autonomous systems. The region is anticipated to become a major force behind market expansion in the next years as Asia Pacific develops its naval defense capabilities and embraces cutting-edge maritime technologies.
The current report Scope analyzes Line Guided Torpedo Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Line Guided Torpedo market size was estimated at USD 1351.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
According to Cognitive Market Research, the global Line Guided Torpedo market size was estimated at USD 1351.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 405.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
According to Cognitive Market Research, the global Line Guided Torpedo market size was estimated at USD 1351.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 310.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
According to Cognitive Market Research, the global Line Guided Torpedo market size was estimated at USD 1351.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
According to Cognitive Market Research, the global Line Guided Torpedo market size was estimated at USD 1351.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 27.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..
Global Line Guided Torpedo Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Line Guided Torpedo Industry growth. Line Guided Torpedo market has been segmented with the help of its Type Outlook:, Application Outlook: Product Outlook:, and others. Line Guided Torpedo market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Line Guided Torpedo Market?
According to Cognitive Market Research, heavy types are likely to dominate the Line Guided Torpedo Market over the forecast period. Because heavy-type line-guided torpedoes can target larger, more sophisticated submarines and surface warships, there is a growing need for them. These torpedoes are perfect for high-stakes naval battles and strategic defensive operations because of their increased range, payload, and destructive force. The increasing sophistication of adversary fleets and the increased emphasis on anti-submarine warfare (ASW) are driving nations to invest in heavy-type torpedoes. The market for heavy-type line-guided torpedoes is predicted to increase as countries upgrade their naval forces and require more potent, long-range weapons.
The light type is the fastest-growing segment in the Line Guided Torpedo Market. Light-type line-guided torpedoes are becoming more and more popular because of their adaptability, affordability, and applicability for a variety of naval platforms, such as smaller ships and uncrewed underwater vehicles (UUVs). These torpedoes have improved agility and faster deployment, making them perfect for simpler anti-submarine warfare (ASW) missions. Smaller naval fleets are adopting them because of their simpler storage and transportation due to their reduced size and weight. As nations make investments in cutting-edge, adaptable naval defense systems, the light-type torpedo market is anticipated to rise rapidly worldwide.
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According to Cognitive Market Research, the naval vessel-launched torpedo segment holds the largest share of the market. The market for line-guided torpedoes is primarily driven by the application of torpedoes launched from naval vessels. In anti-submarine warfare (ASW) and anti-surface warfare (ASuW) operations, these torpedoes, which are fired from surface ships, submarines, and aircraft carriers, have exceptional precision and engagement capabilities. More accuracy in dynamic combat conditions is ensured by their integration with cutting-edge sonar and navigation systems, which enables real-time control and targeting. It is anticipated that demand for line-guided torpedoes fired from naval vessels will continue to increase as naval forces place a higher priority on updating fleets with cutting-edge weapons, improving maritime security and operational efficacy.
In the Line Guided Torpedo Market, the aerial platform launched torpedo has been expanding at a rapid pace. The aerial platform-launched torpedo application is one growing market segment for line-guided torpedoes. Because these torpedoes are fired from aircraft, including helicopters and unmanned aerial vehicles (UAVs), sea operations have greater flexibility and faster reaction times. Aerial platforms allow torpedoes to cover more ground, increasing the speed and range of anti-submarine warfare (ASW) operations. Real-time guidance and communication technologies allow line-guided torpedoes fired from the air to target subsurface targets reliably. As naval forces focus on improving the range and versatility of their missile systems, there will likely be a greater demand for aircraft platform-launched torpedoes.
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According to Cognitive Market Research, the acoustic homing torpedo segment holds the largest market share. The line-guided torpedo industry includes a sizable application for acoustic homing torpedoes. By using passive or active sonar technology, these torpedoes are able to identify and target the acoustic characteristics of hostile vessels, including surface ships and submarines. When line guiding and acoustic homing are combined, real-time control and excellent precision are guaranteed during deployment. This combination increases the efficiency of the torpedo in dynamic underwater conditions. Acoustic-homing torpedoes are becoming more and more in demand as naval warfare threats increase. This is because they provide enhanced targeting and accuracy, which makes them essential for anti-submarine and anti-surface warfare operations.
In the Line Guided Torpedo market, the rapidly growing sector is the wake-homing torpedo category. Wake-homing torpedoes, which are intended to target the disturbance or "wake" left behind by enemy warships, are a significant application in the line-guided torpedo industry. These torpedoes follow and target the choppy water patterns produced by the motion of a surface ship or submarine. Wake-homing torpedoes, when combined with line guidance systems, improve targeting accuracy, especially in challenging underwater conditions. Wake-homing torpedoes, a very efficient way to defeat submerged or fast-moving surface threats in anti-submarine and anti-surface warfare, are becoming more and more popular as naval forces encounter more sophisticated enemies.
Senior Research Associate at Cognitive Market Research
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
A results driven Market Research Senior Associate with 4 years of experience delivering actionable insights across diverse industries including consumer goods, healthcare, technology, and industrial sectors. Skilled in designing and executing both qualitative and quantitative research methodologies, competitive benchmarking, and data-driven strategy development. Adept at transforming complex market data into clear, strategic recommendations for product development, go-to-market planning, and business expansion.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Light Type, Standard Type, Heavy Type |
Application Outlook: | Naval Vessel launched Torpedo, Aerial Platform launched Torpedo |
Product Outlook: | Acoustic Homing Torpedo, Wake Homing Torpedo |
Propulsion Type | Electric Propulsion, Conventional Propulsion |
Range | Short Range, Medium Range, Long Range |
List of Competitors | Lockheed Martin, Leonardo-Finmeccanica, Honeywell International, DCNS, BAE Systems, Saab, Orbital ATK, Bharat Dynamics Limited (BDL), Raytheon. |
This chapter will help you gain GLOBAL Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review Global Line Guided Torpedo Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review North America Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review Europe Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review Asia Pacific Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review South America Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review Middle East Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Line Guided Torpedo. Further deep in this chapter, you will be able to review Middle East Line Guided Torpedo Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Line Guided Torpedo. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Product Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Propulsion Type Analysis 2021 - 2033
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Chapter 14 Market Split by Range Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Line Guided Torpedo market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Light Type have a significant impact on Line Guided Torpedo market? |
What are the key factors affecting the Light Type and Standard Type of Line Guided Torpedo Market? |
What is the CAGR/Growth Rate of Naval Vessel launched Torpedo during the forecast period? |
By type, which segment accounted for largest share of the global Line Guided Torpedo Market? |
Which region is expected to dominate the global Line Guided Torpedo Market within the forecast period? |
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