Loitering Munition Market
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.
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The main drivers of the loitering munition market include the increasing demand for more precise, cost-effective, and flexible weaponry in modern warfare. As defense budgets grow and nations prioritize national security, the adoption of loitering munitions offers a strategic advantage by providing greater operational capabilities at a lower cost.
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.
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.
• 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.
• In September 2024, Artemon Aerospace announced a strategic partnership with Munitions India Limited (MIL) to develop advanced loitering munition solutions for the Indian Armed Forces.
Competitive Landscape
• AeroVironment
• Thales
• Elbit Systems
• Rheinmetall
• Israel Aerospace Industries
• Uvision
• WB Group
• AEVEX Aerospace and more.
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Regional Analysis:
North America to Dominate the Market
North America held the largest market share for loitering munition systems, driven by significant advancements in research, development, and the growing use of these systems across various battlefield scenarios. The preference for manual positioning systems to reduce errors and enhance precision has further supported the market.
The Asia Pacific region is expected to experience the fastest growth during the forecast period, with countries like India, China, and Japan significantly increasing their investment in suicide drone projects.
The Loitering Munition Market is segmented into various segments such as type, end user, launch mode, range and Region.
Based on Type
• Recoverable
• Expendable
Based on End User
• Army
• Navy
• Air Force
Based on Launch Mode
• Air Launched Effect
• Vertical Take-Off
• Canister Launched
• Catapult Launched
• Hand Launched
Based on Range
• Short Range
• Medium Range
• Long Range
Based on region:
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
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Frequently Asked Questions
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