Press release
Loitering Munition Market Trends, Growth Forecast & Top Manufacturers 2025-2032 | Thales S.A., Elbit Systems Ltd., Rheinmetall AG.
Loitering Munition Market
The Global loitering munition market reached US$ 529.90 million in 2024 and is expected to reach US$ 1056.63 million by 2032, growing with a CAGR of 9.01% during the forecast period 2025-2032.
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The Loitering Munition Market involves weapons that can hover in the air for extended periods before striking a target. Combining surveillance and precision strike capabilities, these systems are used in modern warfare for real-time decision-making and minimal collateral damage. Their increasing use by defense forces globally is driving demand for smarter, cost-effective, and mission-adaptable solutions.
Major players in the Loitering Munition Market
The prominent players in Loitering Munition market research report are: AeroVironment, Inc., Thales S.A., Elbit Systems Ltd., Rheinmetall AG, Uvision Air Ltd., WB Group, Paramount Group, EDGE Group, Israel Aerospace Industries, AEVEX Aerospace and others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In April 2025, the German military announced its first-ever procurement of loitering munitions, signaling a strategic shift in response to modern security challenges and the proven effectiveness of such systems in recent conflicts.
In April 2025, IndoWings, an India-based defense technology company, introduced the LM-250 loitering munition system. Engineered for integration with India's Pinaka Multiple Barrel Rocket Launcher (MBRL), the system enables the simultaneous launch of up to 50 LM-250 units from a single canister, significantly enhancing precision strike capabilities.
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Market Segments
By Type: Recoverable, Expandable.
By Launch Mode: Air-launched Effect, Vertical Take-off, Canister Launched, Hand Launched, Others.
By Range: Short Range (Less than 15 Kms), Medium Range (16-50 Kms), Long Range (Greater than 50 Kms).
By Application: Army, Navy, Air Force.
The Loitering Munition industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Loitering Munition Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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