Line Guided Torpedo Market Report 2025 (Global Edition)

Global Line Guided Torpedo Market Report 2025 Market Size Split by Type Outlook: (Light Type, Standard Type, Heavy Type), by Application Outlook: (Naval Vessel launched Torpedo, Aerial Platform launch...

Line Guided Torpedo Market Report Description

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Competitive Landscape of the Line Guided Torpedo Market

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)

• Lockheed Martin
• Leonardo-Finmeccanica
• Honeywell International
• DCNS
• BAE Systems
• Saab
• Orbital ATK
• Bharat Dynamics Limited (BDL)
• Raytheon.
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Regional Analysis of the Line Guided Torpedo Market

Which Region Dominates the Line Guided Torpedo Market in 2024?

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).

Which Region is Expanding at the Fastest CAGR?

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Line Guided Torpedo Market Analysis

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 US had a major share in the Line Guided Torpedo market with a market size of USD 426.44 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The United States has one of the largest defense budgets in the world, which encourages substantial investment in cutting-edge naval technologies like torpedoes.
• The Canadian Line Guided Torpedo market had a market share of USD 64.86 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. In Canada, As part of their fleet modernization, Canada's naval forces are purchasing cutting-edge torpedo systems for both surface and submarine ships.
• The Mexico Line Guided Torpedo market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 49.18 million in 2024.

Europe Line Guided Torpedo Market Analysis

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.

• The United Kingdom Line Guided Torpedo market had a market share of USD 68.10 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The Trident nuclear deterrent program, which includes sophisticated submarine torpedo systems, is being renewed as part of the UK's increase in naval capabilities.
• The France Line Guided Torpedo market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 37.29 million in 2024.
• According to Cognitive Market Research, the German Line Guided Torpedo market size was valued at USD 80.26 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Germany is an important NATO member, and its defense needs, such as sophisticated naval platform torpedoes, align with the demands of collective security.
• The Italy Line Guided Torpedo market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 34.86 million in 2024.
• The Russia Line Guided Torpedo market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 62.83 million in 2024.
• The Spain Line Guided Torpedo market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 33.24 million in 2024
• The Luxembourg Line Guided Torpedo market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 12.57 million in 2024.
• The Portugal Line Guided Torpedo market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 8.51 million in 2024.
• The Greece Line Guided Torpedo market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 4.86 million in 2024.
• The Rest of Europe's Line Guided Torpedo market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 62.83 million in 2024.

Asia Pacific Line Guided Torpedo Market Analysis

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 China Line Guided Torpedo market size was valued at USD 139.85 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Line Guided Torpedos surged in China due to China's defense industry making significant investments in the development of domestic line-guided torpedo technology in an effort to catch up to Western nations in terms of technology.
• The Japan Line Guided Torpedo market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 42.89 million in 2024.
• The India Line Guided Torpedo market had a market share of USD 37.29 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. In India, the need for line-guided torpedoes is further fueled by India's growing emphasis on its fleet of conventional and nuclear submarines.
• The South Korean Line Guided Torpedo market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 31.08 million in 2024.
• The Australian Line Guided Torpedo market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 16.16 million in 2024.
• The South East Asia Line Guided Torpedo market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 21.44 million in 2024.
• The Rest of the Asia Pacific Line Guided Torpedo market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 22.07 million in 2024.

South America Line Guided Torpedo Market Analysis

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 Brazil Line Guided Torpedo market size was valued at USD 28.92 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Line Guided Torpedos flourished in Brazil due to research in marine biology and oceanography can make use of line-guided torpedoes.
• Argentina's Line Guided Torpedo market had a market share of USD 11.35 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina has partnered with foreign defense firms to purchase contemporary torpedoes as a result of its desire to improve its defense capabilities.
• Colombia Line Guided Torpedo market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 6.01 million in 2024.
• Peru Line Guided Torpedo market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 5.54 million in 2024.
• Chile Line Guided Torpedo market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4.86 million in 2024.
• The Rest of Latin America's Line Guided Torpedo market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 10.88 million in 2024.

Middle East Line Guided Torpedo Market Analysis

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..

• The GCC Countries Line Guided Torpedo market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 11.57 million in 2024. Line Guided Torpedo sales flourish due to the rising popularity of premium brands that provide environmentally friendly solutions.
• The Egypt Line Guided Torpedo market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 2.84 million in 2024.
• The South African Line Guided Torpedo market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 4.27 million in 2024. Line Guided Torpedo sales flourished in South Africa due to the search and rescue missions in difficult underwater conditions can benefit from the adaptation of line-guided torpedoes.
• The Turkey Line Guided Torpedo market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2.32 million in 2024.
• The Nigeria Line Guided Torpedo market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 2.84 million in 2024.
• The Rest of the MEA Line Guided Torpedo market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 3.19 million in 2024.

Line Guided Torpedo Market Analysis

How are Segments Performing in the Global Line Guided Torpedo Market?

Line Guided Torpedo Market Type Segment Analysis

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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Line Guided Torpedo Market Application Segment Analysis

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.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Line Guided Torpedo Product Outlook: Segment Analysis

Line Guided Torpedo Market Product Segment Analysis

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.

• Acoustic Homing Torpedo
• Wake Homing Torpedo

Line Guided Torpedo Propulsion Type Segment Analysis

• Electric Propulsion
• Conventional Propulsion

Line Guided Torpedo Range Segment Analysis

• Short Range
• Medium Range
• Long Range

Author's Detail

Tushar Jaybhaye

Senior Research Associate at Cognitive Market Research

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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.

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