Loitering Munition System Market by Type (Autonomous Identification, Positioning Loitering Munition System, Manual Positioning Loitering Munition System), by Application (Navy Force, Land Force, Air Force), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
Key Insights
The size of the Loitering Munition System Market was valued at USD 1.03 USD Billion in 2023 and is projected to reach USD 2.61 USD Billion by 2032, with an expected CAGR of 14.2% during the forecast period. A loitering munition system is a type of weapon that combines the capabilities of both a drone and a missile. It is designed to be launched, then loiter (or remain in the air) over a designated area for an extended period before identifying and engaging a target. Unlike traditional missiles that are fired toward a fixed target, loitering munitions can operate autonomously or be remotely controlled, allowing them to search for and strike high-value or time-sensitive targets in real-time. Loitering munitions are typically equipped with cameras, sensors, and GPS systems to provide intelligence, surveillance, and reconnaissance (ISR) data while in flight. These munitions are often smaller in size compared to traditional air-dropped bombs or cruise missiles, making them highly versatile and cost-effective. They can be launched from land, sea, or air platforms, with some models designed to be deployed by infantry, vehicles, or military aircraft.
The Loitering Munition System market is expected to witness several key trends during the forecast period:
The Loitering Munition System market is being driven by several key factors:
The Loitering Munition System market faces several challenges:
The Loitering Munition System market is expected to be dominated by the following region/country and segments:
Region:
Segment:
The Loitering Munition System industry is expected to be driven by several growth catalysts:
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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