ProcureHub · Direct Materials · Global

Torpedo Components: Market Size & Forecast 2026

The global torpedo components market sits at approximately USD 2.8 billion in 2025 (base year), growing at a 4.2% CAGR through 2032 to roughly USD 3.7 billion, anchored in concentrated North American and European naval procurement and a slow but accelerating Asia-Pacific submarine-build pipeline. Demand is structurally supplier-favouring: re-establishment costs of USD 220-245M per torpedo type limit how fast capacity can scale, ITAR and EAR control cross-border movement of finished subassemblies, and the buyer side sits between two near-monopsony navies (US Navy and third-party syndicated estimates procurement through FMS) and a handful of system integrators with classified facility footprints. > Synthesised from secondary and publicly verifiable sources via Claight Category Watch:

Market size · 2025
$2.80bn
CAGR · 2025–2030
4.2%
Forecast · 2030
$3.44bn
Basis
Claight Analysis
Market size (USD)
Base year 2025
Official data · Claight AnalysisForecast
Market size and CAGR extracted from the published Claight report; figures match the report..
Forecast
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2025 base: $2.8bn2032 est: $3.7bn
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Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.