Torpedo Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 5.9 Billion by 2033, exhibiting a CAGR of 6.2% from 2026 to 2033.
Malaysia's torpedo market is experiencing significant growth, driven by strategic defense initiatives and regional maritime security concerns. The Royal Malaysian Navy (RMN) is actively enhancing its anti-submarine warfare capabilities, notably through the integration of advanced torpedo systems into its fleet.
Recent developments include the RMN's contract with the UK-based firm SEA to supply fixed triple configuration lightweight Torpedo Launcher Systems (TLS) for the Maharaja Lela-class frigates. This move underscores Malaysia's commitment to modernizing its naval assets and ensuring compatibility with various torpedo types, thereby enhancing operational flexibility and readiness.
The torpedo market is segmented by weight and launch platforms. Lightweight torpedoes, typically under 500 kg, are favored for their adaptability in aerial and surface-launched operations, making them suitable for Malaysia's diverse maritime environment. Conversely, heavyweight torpedoes, exceeding 500 kg, are primarily deployed from submarines, offering extended range and payload capabilities.
Malaysia's defense sector is the primary driver of torpedo demand, focusing on integrating sophisticated torpedo systems to bolster maritime security. The emphasis is on acquiring torpedoes with advanced guidance systems, such as acoustic homing and wake homing technologies, to effectively counter underwater threats.
Industry requirements also highlight the need for torpedoes compatible with unmanned underwater vehicles (UUVs), reflecting a shift towards autonomous defense solutions. This trend aligns with global movements towards leveraging technology for enhanced maritime surveillance and threat neutralization.
In summary, Malaysia's torpedo market is characterized by a strategic push towards modern, versatile, and technologically advanced torpedo systems. The focus on lightweight, multi-platform compatible torpedoes, coupled with investments in cutting-edge guidance technologies, positions Malaysia to effectively address contemporary maritime security challenges.
Get an In-Depth Research Analysis of the Malaysia Torpedo Market Size And Forecast [2025-2032]
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Leonardo
No Inc Group
Lockheed Martin
Raytheon
Atlas Elektronik
Saab AB
Tactical Missiles Corporation
Bharat Dynamics
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By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Torpedo Market
Electric Torpedoes
Gas-powered Torpedoes
Battery-operated Torpedoes
Submarine-launched Torpedoes
Surface Ship-launched Torpedoes
Air-launched Torpedoes
Anti-submarine Warfare
Anti-surface Warfare
Offensive Strikes
Short-range Torpedoes
Medium-range Torpedoes
Long-range Torpedoes
Self-propelled Torpedoes
Wire-guided Torpedoes
Acoustic-homing Torpedoes
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Torpedo Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Torpedo Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Torpedo Market, By Type
6. Malaysia Torpedo Market, By Application
7. Malaysia Torpedo Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Torpedo Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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