Delray Beach, FL, Aug. 18, 2025 (GLOBE NEWSWIRE) — The report “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 – Global Forecast to 2029″ The Loitering munition market is valued at USD 529.9 million in 2024 and is projected to reach USD 815.3 million by 2029, at a CAGR of 9.0% from 2024 to 2029. The volume loitering munition market is projected to grow from 3,942 (units) in 2024 to 5,917 (units) in 2029.
The need for precision strike capabilities in military operations is therefore the primary driving factor in the loitering munition market. Armed forces around the world have also been increasingly concerned with collateral damage reduction through effective fleeting and high-value target engagements, hence making loitering munitions an important solution. These systems allow operators to loiter over a target area, gather real-time intelligence, and execute strikes with incredible accuracy. It is most useful in asymmetric warfare environments; wherein conventional war methods are likely to provide fewer gains.
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Major Key Players in the Loitering Munition Industry:
- AeroVironment, inc (US),
- Elbit Systems LTD (Israel),
- Rheinmetall AG (Germany) ,
- Uvision (Israel), and
- Israel Aerospace Industries (Israel).
Loitering Munition Market Segmentation:
Based on Type, the Expendable is estimated to account for the fastest growth in the market from 2024 to 2029.
The loitering munition market, in the expendable segment, is highly in demand because they are cheap and operationally efficient. The expendable loitering munitions, known as “kamikaze drones,” is a single-use system allowing military forces to engage high-value targets without the recovery or reuse of the said systems. It is made especially appealing where quick deployment and accurate strikes are of utmost importance. As the military organizations are now looking for the solutions which provide a tactical advantage at budget prices, then the demand for these systems is rising with every passing day. The rising concern towards asymmetric warfare and the need for real-time intelligence will spur adoption in various defense industries. Surveillance and strike missions require long range as well as more endurance, so market will move towards the fixed wing category.
Based on End User, the Army segment is estimated to account for the largest share of the loitering munition market from 2024 to 2029.
The Army segment is one …