Product Code: PM5387
The loitering munition market size is expected to reach USD 1,221.41 million by 2034, according to a new study by Polaris Market Research. The report "Loitering Munition Market Size, Share, Trends, Industry Analysis Report: By Type (Recoverable and Expendable), End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The loitering munition market growth is driven by advancements in autonomous technology, increasing demand for precision strikes, and the rising need for cost-effective alternatives to traditional missile systems. Key drivers include the military's focus on enhancing operational efficiency, reducing collateral damage, and improving the accuracy of strikes, particularly in urban and counterterrorism operations. Loitering munition market opportunities lie in the growing defense budgets of emerging economies, where modernization efforts are fueling the demand for advanced, low-cost weaponry.
Trends such as AI integration, miniaturization, and extended range capabilities are shaping the market, with a strong emphasis on creating more versatile and effective systems. Overall, the loitering munition market demand is set to grow as military forces worldwide continue to prioritize autonomous, high-precision, and affordable solutions in their arsenals.
Loitering Munition Market Report Highlights
By type, the recoverable segment holds a larger loitering munition market share due to its ability to be reused in multiple operations, making it cost-effective for military forces. However, the expendable segment is registering a higher growth, driven by the demand for low-cost, one-time-use systems for tactical strikes.
The army segment dominates the loitering munition market revenue share, as loitering munitions are increasingly being integrated into ground-based operations for precision strikes and reconnaissance. The airforce segment is experiencing the highest growth, fueled by the demand for advanced, long-range systems for surveillance and tactical operations.
North America dominates the global loitering munition market due to the advanced technological capabilities and high defense spending in the US. Asia Pacific is the highest growing market, driven by rising defense budgets and military modernization efforts in countries such as China and India.
A few key players in the loitering munition market are AeroVironment, Inc.; BlueHalo; Denel Dynamics; Dynamics Group; Elbit Systems Ltd.; General Atomics; Aeronautical Systems, Inc.; Israel Aerospace Industries Ltd.; Kongsberg Gruppen ASA; Kratos Defense & Security Solutions, Inc.; MBDA; Northrop Grumman Corporation; Raytheon Technologies Corporation; Rheinmetall AG; Takyon Systems; and UVision Air Ltd.
Polaris Market Research has segmented the loitering munition market report on the basis of type, end user, and region:
By Type Outlook (Revenue - USD Million, 2020-2034)
By End User Outlook (Revenue - USD Million, 2020-2034)
By Regional Outlook (Revenue - USD Million, 2020-2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Loitering Munition Market Insights
- 4.1. Loitering Munition Market - Market Snapshot
- 4.2. Loitering Munition Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing Demand for Precision Strikes
- 4.2.1.2. Advancements in Autonomous Technology
- 4.2.1.3. Rising Defense Budgets and Military Modernization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Procurement Costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry Among Existing Firms (High)
- 4.4. PESTEL Analysis
- 4.5. Loitering Munition Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Loitering Munition Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 5.3. Recoverable
- 5.3.1. Global Loitering Munition Market, by Recoverable, by Region, 2020-2034 (USD Million)
- 5.4. Expendable
- 5.4.1. Global Loitering Munition Market, by Expendable, by Region, 2020-2034 (USD Million)
6. Global Loitering Munition Market, by End User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 6.3. Army
- 6.3.1. Global Loitering Munition Market, by Army, by Region, 2020-2034 (USD Million)
- 6.4. Navy
- 6.4.1. Global Loitering Munition Market, by Navy, by Region, 2020-2034 (USD Million)
- 6.5. Airforce
- 6.5.1. Global Loitering Munition Market, by Airforce, by Region, 2020-2034 (USD Million)
7. Global Loitering Munition Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Loitering Munition Market Assessment, by Geography, 2020-2034 (USD Million)
- 7.3. Loitering Munition Market - North America
- 7.3.1. North America: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.3.2. North America: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.3.3. Loitering Munition Market - U.S.
- 7.3.3.1. U.S.: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.3.3.2. U.S.: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.3.4. Loitering Munition Market - Canada
- 7.3.4.1. Canada: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.3.4.2. Canada: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4. Loitering Munition Market - Europe
- 7.4.1. Europe: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.2. Europe: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.3. Loitering Munition Market - UK
- 7.4.3.1. UK: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.3.2. UK: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.4. Loitering Munition Market - France
- 7.4.4.1. France: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.4.2. France: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.5. Loitering Munition Market - Germany
- 7.4.5.1. Germany: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.5.2. Germany: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.6. Loitering Munition Market - Italy
- 7.4.6.1. Italy: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.6.2. Italy: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.7. Loitering Munition Market - Spain
- 7.4.7.1. Spain: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.7.2. Spain: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.8. Loitering Munition Market - Netherlands
- 7.4.8.1. Netherlands: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.8.2. Netherlands: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.9. Loitering Munition Market - Russia
- 7.4.9.1. Russia: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.9.2. Russia: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.4.10. Loitering Munition Market - Rest of Europe
- 7.4.10.1. Rest of Europe: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.4.10.2. Rest of Europe: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5. Loitering Munition Market - Asia Pacific
- 7.5.1. Asia Pacific: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.2. Asia Pacific: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.3. Loitering Munition Market - China
- 7.5.3.1. China: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.3.2. China: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.4. Loitering Munition Market - India
- 7.5.4.1. India: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.4.2. India: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.5. Loitering Munition Market - Malaysia
- 7.5.5.1. Malaysia: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.5.2. Malaysia: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.6. Loitering Munition Market - Japan
- 7.5.6.1. Japan: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.6.2. Japan: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.7. Loitering Munition Market - Indonesia
- 7.5.7.1. Indonesia: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.7.2. Indonesia: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.8. Loitering Munition Market - South Korea
- 7.5.8.1. South Korea: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.8.2. South Korea: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.9. Loitering Munition Market - Australia
- 7.5.9.1. Australia: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.9.2. Australia: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.5.10. Loitering Munition Market - Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.5.10.2. Rest of Asia Pacific: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6. Loitering Munition Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.2. Middle East & Africa: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6.3. Loitering Munition Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.3.2. Saudi Arabia: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6.4. Loitering Munition Market - UAE
- 7.6.4.1. UAE: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.4.2. UAE: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6.5. Loitering Munition Market - Israel
- 7.6.5.1. Israel: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.5.2. Israel: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6.6. Loitering Munition Market - South Africa
- 7.6.6.1. South Africa: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.6.2. South Africa: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.6.7. Loitering Munition Market - Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.6.7.2. Rest of Middle East & Africa: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.7. Loitering Munition Market - Latin America
- 7.7.1. Latin America: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.7.2. Latin America: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.7.3. Loitering Munition Market - Mexico
- 7.7.3.1. Mexico: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.7.3.2. Mexico: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.7.4. Loitering Munition Market - Brazil
- 7.7.4.1. Brazil: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.7.4.2. Brazil: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.7.5. Loitering Munition Market - Argentina
- 7.7.5.1. Argentina: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.7.5.2. Argentina: Loitering Munition Market, by End User, 2020-2034 (USD Million)
- 7.7.6. Loitering Munition Market - Rest of Latin America
- 7.7.6.1. Rest of Latin America: Loitering Munition Market, by Type, 2020-2034 (USD Million)
- 7.7.6.2. Rest of Latin America: Loitering Munition Market, by End User, 2020-2034 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AstraZeneca
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Roche
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Merck & Co
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Bristol-Myers Squibb
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Pfizer
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Novartis
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Eli Lilly and Company
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Amgen
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Sanofi
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Boehringer Ingelheim
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Takeda Pharmaceutical Company
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development