Loitering Munition Market

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Loitering Munition Market Trends Forecast Till
2031
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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).
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munition-market
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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
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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.
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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
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ering-munition-market
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Competitive Landscape

• AeroVironment
• Thales
• Elbit Systems
• Rheinmetall
• Israel Aerospace Industries
• Uvision
• WB Group
• AEVEX Aerospace
• STM Savunma Teknolojileri Mühendislik ve Ticaret
  A.S.
• KNDS

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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.
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Contact Information
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