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2026-07-02 10:02:08

Torpedo Industry Forecast Supported by Expanding Naval Defense Budgets

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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