Torpedo Industry Forecast Supported by Expanding Naval Defense Budgets

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2026-07-02 10:02:08

As per MRFR analysis, the global Torpedo Market was valued at USD 2.10 billion in 2025 and is anticipated to reach USD 3.26 billion by 2035, growing at a CAGR of 4.5% during the forecast period. The industry is evolving as naval forces increasingly focus on strengthening underwater combat capabilities and improving maritime surveillance systems. Growing investments in advanced naval platforms...

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