Press release
Loitering Munition Market Growth Accelerates US$ 1,221.41 Million Targeted by 2034 at 9.0% CAGR
Loitering Munition Market
Report Scope:
To give a comprehensive picture of the loitering munition market, the report focuses on the most recent innovations, market share, revenue generated, industry leaders, and geographical analysis.
Download Free Sample PDF Copy of the Report:
https://www.polarismarketresearch.com/industry-analysis/loitering-munition-market/request-for-sample
What Is Loitering Munition?
Loitering munition, also known as 'kamikaze drones' or 'suicide drones,' are unmanned aerial weapons designed to loiter over a target area, search for targets, and then attack once a target is located or command is given. They are designed to search for and engage targets, offering flexibility in attack timing and target selection, unlike cruise missiles that typically have a pre-programmed flight path. Some examples of loitering munitions include the Switchblade (drone) Lancet, and Geran-2 (also known as Shahed 136), used by Russia. Loitering munitions are being used in various conflicts, including the war in Ukraine, and are also being developed for roles such as long-range strikes, fire support, and short-range tactical systems.
Growth Drivers:
• The increasing need for precise strikes and progress in autonomous technology are fueling market expansion.
• The rising demand for affordable, efficient substitutes for conventional guided missiles is contributing to market growth.
• The rising need for accurate strikes in contemporary warfare fuels the growth of the loitering munition market.
• Increasing defense budgets, particularly in nations aimed at modernizing their armed forces, also plays a role in the growth of this market.
Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/loitering-munition-market/request-for-discount-pricing
Key Players in Market:
The market for loitering munitions is competitive, as companies aim to set their products apart by leveraging different technological innovations. Some of them include:
• AeroVironment, Inc. (AeroVironment)
• BlueHalo (BlueHalo)
• Denel Dynamics (Denel)
• Dynamics Group (Dynamics)
• Elbit Systems Ltd. (Elbit Systems)
• General Atomics Aeronautical Systems, Inc. (GA-ASI)
• Israel Aerospace Industries Ltd. (IAI)
• Kongsberg Gruppen ASA (Kongsberg)
• Kratos Defense & Security Solutions, Inc. (Kratos)
• MBDA (MBDA)
• Northrop Grumman Corporation (Northrop Grumman)
• Raytheon Technologies Corporation (Raytheon)
• Rheinmetall AG (Rheinmetall)
• Takyon Systems (Takyon)
• UVision Air Ltd. (UVision)
Loitering Munition Industry Developments
• December 2024: Elbit Systems secured two contracts worth approximately $175 million to provide Electronic Warfare (EW) and Directed Infrared Countermeasure (DIRCM) Self-Protection Suites to a NATO European country. The contracts will be executed over a five-year period.
• November 2024: AeroVironment announced its plans to acquire BlueHalo, a company specializing in drone defense systems and laser communication technologies, in an all-stock deal valued at approximately $4.1 billion. This acquisition is expected to strengthen AeroVironment's portfolio and enhance its expertise in counter-UAS systems, cybersecurity, and space technologies.
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/loitering-munition-market
Regional Analysis:
• North America holds the largest market share, mainly because of the region's advanced technological capabilities and substantial defense budgets.
• Asia Pacific loitering munition market is witnessing rapid expansion driven by rising military spending in the area and an increasing need for more sophisticated and precision arms.
Segmental Overview:
By Type Outlook
• Recoverable
• Expendable
By End User Outlook
• Army
• Navy
• Airforce
Browse More Research Reports:
Small Caliber Ammunition Market:
https://www.polarismarketresearch.com/industry-analysis/small-caliber-ammunition-market
Automotive Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-market
Automotive Polymer Composites Market:
https://www.polarismarketresearch.com/industry-analysis/automotive-polymer-composites-market
Carbon Capture Construction Materials Market:
https://www.polarismarketresearch.com/industry-analysis/carbon-capture-construction-materials-market
Agricultural Drone Data Analytics Solutions Market:
https://www.polarismarketresearch.com/industry-analysis/agricultural-drone-data-analytics-solutions-market
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Loitering Munition Market Growth Accelerates US$ 1,221.41 Million Targeted by 2034 at 9.0% CAGR here
News-ID: 3947598 • Views: …
More Releases from Polaris Market Research & Consulting
Lactation Support Supplements Market to Sail to US$ 1,209.90 Million With a 6.5% …
The lactation support supplements market is expected to gain market growth during the forecast period of 2025-2034. Polaris Market Research analyzes the market to account for USD 1,209.90 million by 2034 and is expected to register a CAGR of 6.5% in the above-mentioned forecast period. The market was valued at USD 643.04 million in 2024.
Market Overview:
Many modern parents who wish to benefit from breastfeeding strive to produce sufficient breast milk…
Autoinjectors Market is Expected to Register a CAGR of 14.3% Surging Towards US$ …
The autoinjectors market is expected to gain market growth during the forecast period of 2025 to 2034. Polaris Market Research analyzes the market to account for USD 31.20 billion by 2034 and is expected to register a CAGR of 14.3% in the above-mentioned forecast period. The market was valued at USD 8.22 billion in 2024.
Market Overview:
An autoinjector is a device designed to ease the self-administration of injectable medicines. By delivering…
Continuous Glucose Monitoring Device Market expected to reach USD 10.15 Billion …
The Continuous Glucose Monitoring Device Market Is Expected To Gain Market Growth During The Forecast Period Of 2025-2034. Polaris Market Research Analyses The Market To Account For USD 10.15 Billion By 2034 And Is Expected To Register A CAGR Of 7.0% In The Above-Mentioned Forecast Period. The Market Was Valued At USD 5.17 Billion In 2024.
Market Overview
A continuous glucose monitor (CGM) approximates what the glucose level is periodically and keeps…
Ovarian Cancer Market Projected to Reach USD 35.00 Billion by 2034, Growing at a …
The global ovarian cancer market was valued at USD 4.11 billion in 2024. It is expected to reach USD 35.00 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 24.1% from 2025 to 2034.
Market Preface:
Ovarian cancer is the uncontrolled growth of abnormal cells in the ovaries. The cells proliferate rapidly and can invade and destroy healthy body tissues. Ovarian cancer commences when cells in or proximity to ovaries…
More Releases for Loitering
Worldwide Demand For Precision Guided Munition Is Expect To Register Growth At A …
Precision Guided Munition Market Analysis by Product (Tactical Missile, Guided Ammunition, Guided Rockets, Loitering Munition) By Technology (Anti-Radiation, Radar Homing, Global Positioning System, Inertial Navigation System, Semi-Active Lasers) & Regional Forecast 2022-2032
The global precision guided munition market was estimated to be worth US$ 30 Bn in the year 2021. The market is forecast to reach a value of over US$ 34 Bn by 2022-end, and is expected to grow with…
Precision Guided Munition Market Research Report: Size, Share, Growth, Trends an …
Market Dynamics:
The Global Precision Guided Munition Market is expected to grow with highest CAGR over the forecast period. The major objective of this report is to analyze, define, describe, and estimate the global precision guided munition market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and…
Global Precision Guided Munition Market Report 2020 (COVID-19 Impact Analysis) B …
Market Dynamics:
The Global Precision Guided Munition Market is expected to grow with highest CAGR over the forecast period. The major objective of this report is to analyze, define, describe, and estimate the global precision guided munition market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and…
Global Precision Guided Munition Market Overview and Product Scope 2020 to 2028 …
The Global Precision Guided Munition Market is expected to grow with highest CAGR over the forecast period. The major objective of this report is to analyze, define, describe, and estimate the global precision guided munition market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and growth…
Precision Guided Munition Market Witness Vigorous Expansion And Upcoming Trends …
A recent report published by QMI on precision guided munition market is a detailed assessment of the most important market dynamics. After carrying out thorough research of precision guided munition market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for precision guided munition during the forecast period. It can enable manufacturers of…
Rafael Advanced Defense Systems Ltd to present on their FIREFLY loitering weapon …
SMi Reports: Speaker Interview Released with Rafael Advanced Defense Systems Ltd in the run-up to Future Soldier Technology 2019
As the only conference exclusively focused on Future Soldier Programmes around the world, Future Soldier Technology returns to London on 12-13th March 2019 and this year will also include a pre-conference focus day on Dismounted Soldier Situational Awareness (DSA) on 11th March 2019.
Delegates of the focus day will explore how technologies…
