What was the overall valuation of the US torpedo market in 2024?

The overall market valuation was $348.69 Million in 2024. Read More

What is the projected market valuation for the US torpedo market by 2035?

The projected valuation for 2035 is $689.91 Million. Read More

What is the expected CAGR for the US torpedo market during the forecast period 2025 - 2035?

The expected CAGR for the market during the forecast period is 6.4%. Read More

Which companies are considered key players in the US torpedo market?

Key players include Lockheed Martin, Raytheon Technologies, Northrop Grumman, Thales Group, BAE Systems, Leonardo S.p.A., Kongsberg Gruppen, Rafael Advanced Defense Systems, and Mitsubishi Heavy Industries. Read More

What are the main operational segments of the US torpedo market?

The main operational segments are Autonomous and Guided torpedoes. Read More

What were the valuations for Autonomous and Guided torpedoes in 2024?

In 2024, Autonomous torpedoes were valued at $100.0 Million, while Guided torpedoes were valued at $248.69 Million. Read More

What launch platforms are utilized in the US torpedo market?

The primary launch platforms are Aerial and Naval. Read More

What were the valuations for Aerial and Naval launch platforms in 2024?

In 2024, Aerial launch platforms were valued at $104.69 Million, and Naval platforms were valued at $244.0 Million. Read More

What propulsion types are present in the US torpedo market?

The market features Thermal Powered and Electric Powered propulsion types. Read More

What were the valuations for Thermal Powered and Electric Powered torpedoes in 2024?

In 2024, Thermal Powered torpedoes were valued at $150.0 Million, while Electric Powered torpedoes were valued at $198.69 Million. Read More

US Torpedo Market

ID: MRFR/AD/15548-HCR 128 Pages Shubham Munde Last Updated: September 15, 2026

US Torpedo Market Size, Share, Industry Trend & Analysis Research Report: By Operation (Autonomous, Guided), By Launch Platform (Aerial, Naval) andBy Propulsion (Thermal Powered, Electric Powered)- Forecast to 2035

US Torpedo Market

Market Size

Forecast Period2025 - 2035

CAGR (2025 - 2035)6.4%

2024 Market Size$ 348.69 Million

2025 Market Size$ 371.01 Million

2035 Market Size$ 689.91 Million

Key Players

Lockheed Martin

Raytheon Technologies

Northrop Grumman

Thales Group

BAE Systems

Leonardo S.p.A.

Trends

Technological Advancements
Increased Defense Budgets
Geopolitical Influences

Opportunities

Rising Naval Modernization Efforts
Emerging Undersea Warfare Strategies
Increased Focus on Defense Partnerships

Summary Table of Contents Segmentation Download PDF

1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
1. 1.1 EXECUTIVE SUMMARY
  1. 1.1.1 Market Overview
  2. 1.1.2 Key Findings
  3. 1.1.3 Market Segmentation
  4. 1.1.4 Competitive Landscape
  5. 1.1.5 Challenges and Opportunities
  6. 1.1.6 Future Outlook
2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
1. 2.1 MARKET INTRODUCTION
  1. 2.1.1 Definition
  2. 2.1.2 Scope of the study
    1. 2.1.2.1 Research Objective
    2. 2.1.2.2 Assumption
    3. 2.1.2.3 Limitations
2. 2.2 RESEARCH METHODOLOGY
  1. 2.2.1 Overview
  2. 2.2.2 Data Mining
  3. 2.2.3 Secondary Research
  4. 2.2.4 Primary Research
    1. 2.2.4.1 Primary Interviews and Information Gathering Process
    2. 2.2.4.2 Breakdown of Primary Respondents
  5. 2.2.5 Forecasting Model
  6. 2.2.6 Market Size Estimation
    1. 2.2.6.1 Bottom-Up Approach
    2. 2.2.6.2 Top-Down Approach
  7. 2.2.7 Data Triangulation
  8. 2.2.8 Validation
3 SECTION III: QUALITATIVE ANALYSIS
1. 3.1 MARKET DYNAMICS
  1. 3.1.1 Overview
  2. 3.1.2 Drivers
  3. 3.1.3 Restraints
  4. 3.1.4 Opportunities
2. 3.2 MARKET FACTOR ANALYSIS
  1. 3.2.1 Value chain Analysis
  2. 3.2.2 Porter's Five Forces Analysis
    1. 3.2.2.1 Bargaining Power of Suppliers
    2. 3.2.2.2 Bargaining Power of Buyers
    3. 3.2.2.3 Threat of New Entrants
    4. 3.2.2.4 Threat of Substitutes
    5. 3.2.2.5 Intensity of Rivalry
  3. 3.2.3 COVID-19 Impact Analysis
    1. 3.2.3.1 Market Impact Analysis
    2. 3.2.3.2 Regional Impact
    3. 3.2.3.3 Opportunity and Threat Analysis
4 SECTION IV: QUANTITATIVE ANALYSIS
1. 4.1 Chemicals and Materials, BY Operation (USD Million)
  1. 4.1.1 Autonomous
  2. 4.1.2 Guided
2. 4.2 Chemicals and Materials, BY Launch Platform (USD Million)
  1. 4.2.1 Aerial
  2. 4.2.2 Naval
3. 4.3 Chemicals and Materials, BY Propulsion (USD Million)
  1. 4.3.1 Thermal Powered
  2. 4.3.2 Electric Powered
5 SECTION V: COMPETITIVE ANALYSIS
1. 5.1 Competitive Landscape
  1. 5.1.1 Overview
  2. 5.1.2 Competitive Analysis
  3. 5.1.3 Market share Analysis
  4. 5.1.4 Major Growth Strategy in the Chemicals and Materials
  5. 5.1.5 Competitive Benchmarking
  6. 5.1.6 Leading Players in Terms of Number of Developments in the Chemicals and Materials
  7. 5.1.7 Key developments and growth strategies
    1. 5.1.7.1 New Product Launch/Service Deployment
    2. 5.1.7.2 Merger & Acquisitions
    3. 5.1.7.3 Joint Ventures
  8. 5.1.8 Major Players Financial Matrix
    1. 5.1.8.1 Sales and Operating Income
    2. 5.1.8.2 Major Players R&D Expenditure. 2023
2. 5.2 Company Profiles
  1. 5.2.1 Lockheed Martin (US)
    1. 5.2.1.1 Financial Overview
    2. 5.2.1.2 Products Offered
    3. 5.2.1.3 Key Developments
    4. 5.2.1.4 SWOT Analysis
    5. 5.2.1.5 Key Strategies
  2. 5.2.2 Raytheon Technologies (US)
    1. 5.2.2.1 Financial Overview
    2. 5.2.2.2 Products Offered
    3. 5.2.2.3 Key Developments
    4. 5.2.2.4 SWOT Analysis
    5. 5.2.2.5 Key Strategies
  3. 5.2.3 Northrop Grumman (US)
    1. 5.2.3.1 Financial Overview
    2. 5.2.3.2 Products Offered
    3. 5.2.3.3 Key Developments
    4. 5.2.3.4 SWOT Analysis
    5. 5.2.3.5 Key Strategies
  4. 5.2.4 Thales Group (FR)
    1. 5.2.4.1 Financial Overview
    2. 5.2.4.2 Products Offered
    3. 5.2.4.3 Key Developments
    4. 5.2.4.4 SWOT Analysis
    5. 5.2.4.5 Key Strategies
  5. 5.2.5 BAE Systems (GB)
    1. 5.2.5.1 Financial Overview
    2. 5.2.5.2 Products Offered
    3. 5.2.5.3 Key Developments
    4. 5.2.5.4 SWOT Analysis
    5. 5.2.5.5 Key Strategies
  6. 5.2.6 Leonardo S.p.A. (IT)
    1. 5.2.6.1 Financial Overview
    2. 5.2.6.2 Products Offered
    3. 5.2.6.3 Key Developments
    4. 5.2.6.4 SWOT Analysis
    5. 5.2.6.5 Key Strategies
  7. 5.2.7 Kongsberg Gruppen (NO)
    1. 5.2.7.1 Financial Overview
    2. 5.2.7.2 Products Offered
    3. 5.2.7.3 Key Developments
    4. 5.2.7.4 SWOT Analysis
    5. 5.2.7.5 Key Strategies
  8. 5.2.8 Rafael Advanced Defense Systems (IL)
    1. 5.2.8.1 Financial Overview
    2. 5.2.8.2 Products Offered
    3. 5.2.8.3 Key Developments
    4. 5.2.8.4 SWOT Analysis
    5. 5.2.8.5 Key Strategies
  9. 5.2.9 Mitsubishi Heavy Industries (JP)
    1. 5.2.9.1 Financial Overview
    2. 5.2.9.2 Products Offered
    3. 5.2.9.3 Key Developments
    4. 5.2.9.4 SWOT Analysis
    5. 5.2.9.5 Key Strategies
3. 5.3 Appendix
  1. 5.3.1 References
  2. 5.3.2 Related Reports
6 LIST OF FIGURES
1. 6.1 MARKET SYNOPSIS
2. 6.2 US MARKET ANALYSIS BY OPERATION
3. 6.3 US MARKET ANALYSIS BY LAUNCH PLATFORM
4. 6.4 US MARKET ANALYSIS BY PROPULSION
5. 6.5 KEY BUYING CRITERIA OF CHEMICALS AND MATERIALS
6. 6.6 RESEARCH PROCESS OF MRFR
7. 6.7 DRO ANALYSIS OF CHEMICALS AND MATERIALS
8. 6.8 DRIVERS IMPACT ANALYSIS: CHEMICALS AND MATERIALS
9. 6.9 RESTRAINTS IMPACT ANALYSIS: CHEMICALS AND MATERIALS
10. 6.10 SUPPLY / VALUE CHAIN: CHEMICALS AND MATERIALS
11. 6.11 CHEMICALS AND MATERIALS, BY OPERATION, 2024 (% SHARE)
12. 6.12 CHEMICALS AND MATERIALS, BY OPERATION, 2024 TO 2035 (USD Million)
13. 6.13 CHEMICALS AND MATERIALS, BY LAUNCH PLATFORM, 2024 (% SHARE)
14. 6.14 CHEMICALS AND MATERIALS, BY LAUNCH PLATFORM, 2024 TO 2035 (USD Million)
15. 6.15 CHEMICALS AND MATERIALS, BY PROPULSION, 2024 (% SHARE)
16. 6.16 CHEMICALS AND MATERIALS, BY PROPULSION, 2024 TO 2035 (USD Million)
17. 6.17 BENCHMARKING OF MAJOR COMPETITORS
7 LIST OF TABLES
1. 7.1 LIST OF ASSUMPTIONS
7.1.1
1. 7.2 US MARKET SIZE ESTIMATES; FORECAST
  1. 7.2.1 BY OPERATION, 2025-2035 (USD Million)
  2. 7.2.2 BY LAUNCH PLATFORM, 2025-2035 (USD Million)
  3. 7.2.3 BY PROPULSION, 2025-2035 (USD Million)
2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
7.3.1
1. 7.4 ACQUISITION/PARTNERSHIP
7.4.1

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US Torpedo Market Segmentation

US Torpedo Market By Operation (USD Million, 2025-2035)

Autonomous
Guided

US Torpedo Market By Launch Platform (USD Million, 2025-2035)

Aerial
Naval

US Torpedo Market By Propulsion (USD Million, 2025-2035)

Thermal Powered
Electric Powered

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