Download
1 / 8
0 likes | 5 Views
Loitering Munition Market, Loitering Munition Market by Type (Recoverable and Expendable), Launch Mode (Air Launched Effect, Vertical Take-Off, Catapult Launched, Canister Launched, Hand Launched), End User, Range and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
E N D
Loitering Munition Market – Trends Forecast Till 2031 sales@delvens.comwww.delvens.com
Loitering Munition Market – Trends Forecast Till 2031 Loitering Munition Market, Loitering Munition Market by Type (Recoverable and Expendable), Launch Mode (Air Launched Effect, Vertical Take-Off, Catapult Launched, Canister Launched, Hand Launched), End User, Range and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). Request For Free Sample Report:https://www.delvens.com/get-free-sample/loitering-munition-market sales@delvens.com www.delvens.com
Market Overview The global Loitering Munition Market size was estimated at USD 539.9 million in 2024 and is projected to reach USD 1,036.1 million in 2031 at a CAGR of 9.76 % during the forecast period 2025-2031. The loitering munition market involves the development and deployment of advanced weapon systems designed to remain airborne for extended periods while searching for and engaging targets. These munitions, often referred to as "suicide drones" or "kamikaze drones," are equipped with sensors and guidance systems to identify and strike specific targets. Unlike traditional missiles, which are launched and then guided to their targets, loitering munitions are capable of hovering over an area for a prolonged time, waiting for a target to appear. Purchase this Report: https://www.delvens.com/checkout/loitering-munition-market sales@delvens.com www.delvens.com
Key Findings The expendable segment of the loitering munition market is expected to hold the largest market share due to its affordability and operational advantages. Expendable loitering munitions, often known as "kamikaze drones," are single-use, making them ideal for targeting high-value assets without the need for recovery or reuse. The air-launched effect segment in the loitering munition market is projected to experience strong growth in the coming years, driven by its increasing use in modern military operations. Air-launched effects, which are deployed from platforms like UAVs, fighter jets, and helicopters, provide advantages such as longer operational range, higher altitudes, and better safety for both the munition and the platform. These systems are particularly effective for precision strikes, suppressing enemy air defenses (SEAD), and intelligence, surveillance, and reconnaissance (ISR) missions. sales@delvens.com www.delvens.com
Key Findings The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as Increasing defense budgets, growing demand for precision strikes, modernization of military arsenals, rising geopolitical tensions, asymmetric warfare and evolving threats, advancements in drone and loitering munition technology, enhanced operational flexibility and rapid response capabilities, focus on cost-effective, versatile combat solutions, rising demand for versatile deployment methods, increasing focus on urban warfare and precision targeting have triggered the Loitering Munition Market in the region. Inquire Before Buying:https://www.delvens.com/Inquire-before-buying/loitering-munition-market sales@delvens.com www.delvens.com
Competitive Landscape • AeroVironment • Thales • Elbit Systems • Rheinmetall • Israel Aerospace Industries • Uvision • WB Group • AEVEX Aerospace • STM SavunmaTeknolojileriMühendislikve Ticaret A.S. • KNDS sales@delvens.com www.delvens.com
Recent Developments In August 2023, AeroVironment secured a five-year, sole-source contract valued at up to USD 990 million from the U.S. Army for its Switchblade loitering munitions. This contract aims to meet the Army's need for organic, stand-off capabilities to support dismounted infantry formations in engaging a variety of targets, including tanks and light armored vehicles. In April 2024, Teledyne FLIR was awarded a USD 12 million contract to supply loitering munitions for the U.S. Marine Corps' Organic Precision Fires-Light (OPF-L) program. This contract involves the delivery of 127 loitering munition systems, aimed at protecting dismounted infantry against beyond-line-of-sight threats. In early 2024, Israel Aerospace Industries (IAI) secured two major contracts worth USD 145 million to provide long-range loitering munitions to two different countries. These agreements underscore the growing global demand for IAI's cutting-edge systems, such as the Harpy NG and Harop models. At AUSA 2023, UVision introduced its new lightweight Hero-90 tactical loitering munition, designed for urban warfare and rapid reaction missions. This system is tailored to enhance the capabilities of special forces and mobile units operating with armored vehicles. sales@delvens.com www.delvens.com
Contact Information About Us: Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally. Contact Us: +44-20-3290-6466 +1 214-377-1144 sales@delvens.com sales@delvens.com www.delvens.com
