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| Data Timeline | Historical Data: 2022โ2025 | Base Year: 2025 | Forecast Period: 2026โ2034 |
|---|---|
| Type Outlook: Segment | Light Type, Standard Type, Heavy Type |
| Application Outlook: Segment | Naval Vessel launched Torpedo, Aerial Platform launched Torpedo |
| Product Outlook: Segment | Acoustic Homing Torpedo, Wake Homing Torpedo |
|---|---|
| Propulsion Type Segment | Electric Propulsion, Conventional Propulsion |
| Range Segment | Short Range, Medium Range, Long Range |
| Regions & Countries |
|
Increasing maritime security threats Advancements in underwater guidance technology to drive market growth Rising focus on anti-submarine warfare (ASW)
High development and manufacturing expenditures will limit market growth Strict regulations, export restrictions, and international arms treaties apply to military-grade weapons like line-guided torpedoes, which restricts market expansion
Country-level data ยท Company profiles ยท Editable dataset ยท Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual ยท E = Estimated ยท P = Projected ยท ๐ Locked values require full access. Click headers to sort.
Unlock full regional dataset โCharts are illustrative โ exact values, country-level breakdowns, and full forecast in the paid report. Request a Free Sample PDF.
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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)
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Lockheed Martin | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Leonardo-Finmeccanica | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Honeywell International | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| DCNS | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| BAE Systems | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Saab | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Orbital ATK | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Bharat Dynamics Limited (BDL) | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
| Raytheon. | โขโขโข | โขโขโข | โขโขโข | โขโขโข |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation โAccording to Cognitive Market Research, the global Line Guided Torpedo market size was USD 1351.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
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)
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| 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. |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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