Loitering Munition Market Size Worth $1,221.41 million by 2034 | CAGR: 9.0%

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.

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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)

• Recoverable
• Expendable

By End User Outlook (Revenue – USD Million, 2020–2034)

• Army
• Navy
• Airforce

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

Loitering Munition Market Report Scope