徘徊型兵器市場 – 2029年までの世界予測

Loitering Munition Market - Global Forecast to 2029

徘徊型兵器市場 - タイプ (回収可能および拡張可能)、エンドユーザー (陸軍、海軍、空軍)、発射モード (空中発射、垂直離陸、カタパルト、キャニスター、ハンド)、射程距離と地域別 - 2029年までの世界予測
Loitering Munition Market by Type (Recoverable and Expandable), End-user (Army, Navy, Airforce), Launching Mode (Air Launched, Vertical Take-Off, Catapult, Canister, Hand), Range and Region - Global Forecast to 2029

商品番号 : SMB-71536

出版社MarketsandMarkets
出版年月2025年1月
ページ数241
図表数294
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

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.

徘徊型兵器市場は、2024 年に 5 億 2,990 万米ドルと評価され、2024 年から 2029 年にかけて 9.0% の CAGR で成長し、2029 年までに 8 億 1,530 万米ドルに達すると予測されています。

The increasing demand for precision strike capabilities within modern military operations remains a major driver of the market for loitering munitions. As conflict matures, armed forces tend to favor systems that allow the efficient engagement of fleeting targets, with minimal collateral damage, during modern military operations. In a loitering munition, operators can remain hovering over a battlefield to acquire real-time intelligence before targeting at the opportune time.

現代の軍事作戦における精密攻撃能力に対する需要の高まりは、依然として徘徊型兵器市場の主要な原動力となっています。紛争が成熟するにつれ、軍隊は現代の軍事作戦において付随的損害を最小限に抑えながら、一瞬の目標を効果的に攻撃できるシステムを好む傾向にあります。徘徊型兵器では、オペレーターは戦場上空にホバリングを続けて、適切なタイミングで標的を狙う前にリアルタイムの情報を取得できます。

徘徊型兵器市場 - 2029年までの世界予測
loitering-munition-market

This ability is particularly crucial in asymmetric war scenarios where the traditional ways of fighting are more dangerous. The focus on increasing operational efficiency and effectiveness has contributed to a rise in interest and investment in loitering munitions in many defense sectors, especially in special operations forces.

The other important push factor in this market is the rapid technological developments enhancing the ability of lasing munitions. Improved artificial intelligence, sensor technologies, and autonomous flight capabilities have dramatically enhanced the accuracy and reliability of these weapons. They have made these even more appealing for military forces all around the world. Indeed, the integration of these advanced technologies can make better target identification and engagement possible with decreased risks to personnel as well as higher mission success rates. Growing tensions among the world’s nations as well as rising defense budgets across the globe are encouraging nations to improve their military arms, and this is positively influencing the demand for state-of-the-art loitering munition systems which can help in gaining an upper hand in modern war situations.

“Based on type, the Expendable segment is projected to register the highest during the forecast period 2024-2029.”

The expendable segment by type of the loitering munition market is developing quickly, mainly due to the cost-effectiveness and operational advantages in modern warfare. Expendable loitering munitions are basically “fire-and-forget” systems that have the capability to be used for once, making them suitable for a precision strike on high-value targets with minimal collateral damage. Light weight and deployable with quick response systems, it helps military forces to operate dynamically in different battlefield situations. The trends of asymmetric warfare, operations against an insurgency, and border protection have further intensified the utilization of expendable loitering munitions. Advanced technology, like improvements in sensor integration, AI and autonomous targetting, improve their precision and reliability making them the essential tool of modern warfare. Cost effectiveness in comparison to reusable systems also enables defense forces to buy and deploy them in huge numbers without causing a serious strain on their budget.

“Based on Launch mode, Canister launched segment is to lead the market during the forecast period 2024-2029.”

The canister segment within the loitering munition market is growing at a highly increasing rate due to flexibility in ease of deployment and adoption into a wide variety of combat situations. Compact portable canister-launched loitering munitions provide speedy response capabilities with precision strikes, and all of these can be released from ground vehicles, ships, aircraft, or even fixed platforms. The designs of these systems consist of safe storage, easy transportability, and quick launching capabilities that are of significance in the fast pace of today’s efficiency-oriented battle environment.

Modern canister-launched systems are nowadays equipped with automation features, advanced target acquisition, and seamless interfacing with military platforms as a whole. Further, these systems are increasingly used to support swarm operations and network-centric warfare, which enables the launch of multiple munitions in a simultaneous manner to provide coordinated, high-impact strikes. As the defense forces look for agile, scalable, and effective solutions, canister-launched loitering munitions are emerging as the favorite choice, which will ensure that this segment keeps growing.

“The North America market is projected to contribute most significant share from 2024 to 2029 in the Loitering munition market.”

North America is emerging to be the growth driver of the loitering munitions market. The growth will drive through increases in defense spending, advances in technology, and a heavy emphasis on updating military capabilities. The US has been at the forefront, where it has aggressively invested in next-generation precision strike systems that would enhance operations and provide a strategic edge. There is a rising trend in the reliance of US military on high tech and cost-effective solutions, particularly on those like loitering munitions, as has been portrayed in a range of high-value contracts- for example, the AeroVironment’s Switchblade systems, an important constituent part of its rising combat strategies.

徘徊型兵器市場 - 2029年までの世界予測 region
loitering-munition-market-region

It would depend solely on its robust defense setup consisting of its established players, Northrop Grumman, Raytheon Technologies, and AeroVironment. These players were investing in research and developments through efforts so that the next generation would be loitering with artificial intelligence, sensors at advanced levels, and through autonomous capabilities. Innovation¬-driven, such strategy would make North American forces come prepared to face challenges including asymmetric warfare and counterinsurgencies with speed and accuracy. The defense priorities are shifting to flexible, high-response systems that adapt as battlefield situations change. These munitions also provide some support for emerging warfare tactics such as swarm technology and network-centric operations.

The break-up of the profile of primary participants in the Loitering munition market:

  • By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
  • By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
  • By Region: North America – 32%, Europe – 32%, Asia Pacific – 16%, Latin America – 10%, ROW– 10%

Major companies profiled in the report include AeroVironment, inc (US), Thales (France), Elbit Systems LTD (Israel), Rheinmetall AG (Germany), Israel Aerospace Industries (Israel), Uvision (Israel), WB Group (Poland),  AEVEX Aerospace (US), STM Savunma Teknolojileri Mühendislik ve Ticaret A.Ş. (Turkey), KNDS (Netherlands), Paramount Group (South Africa), EDGE PJSC Group (UAE), MBDA (France), Teledyne FLIR Defense (US), RTX (US), Solar Group (India), Northrop Grumman (US), Anduril Industries (US)  among others.

徘徊型兵器市場 - 2029年までの世界予測 ecosystem
loitering-munition-market-ecosystem

Research Coverage:

This market study covers the loitering munition market across various segments and subsegments. It aims to estimate this market’s size and growth potential across different parts based on type (recoverable, expendable), End user( Army, Navy , Airforce), Launch  mode (Air Launched Effect, Vertical Take-Off, Catapult Launcher, Canister Launcher , Hand Launched), Range (Short-range (<25 Km), Medium- Range (25-100 Km)Long- Range (>100 Km)). and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World).

This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall loitering munition market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market Drivers  (Technological Advancements as a Driver for Loitering Munitions, Defense Modernization Initiatives, Cost-Effectiveness and Versatility, Increasing Demand for Precision Strike Capabilities, Growth and Market Dynamics of Loitering Munitions in the UAV Sector),  Restraints (High upfront costs of loitering munition systems, Operational Limitations, Regulatory Challenges) , Opportunities (Revolutionizing Border Security and Counter-Insurgency Operations, Countermeasures and Defensive Systems, Enhancing Naval Warfare and Maritime Surveillance) , and Challenges(Technical Limitations and Reliability Concerns, Potential threats to safety and violation of privacy, Countermeasures and Evolving Threats).

The report provides insights on the following pointers:

  • Driver: Rising demand for unmanned warhead drone to drive the market.
  • Market Penetration: Comprehensive information on loitering munition offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the loitering munition market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the loitering munition market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the loitering munition market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the loitering munition market

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      27

1.4           CURRENCY CONSIDERED            28

1.5           STAKEHOLDERS               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          31

2.1.1.1    Key data from secondary sources       31

2.1.2        PRIMARY DATA 32

2.1.2.1    Key data from primary sources           32

2.1.2.2    Breakdown of primary interviews      32

2.1.2.3    Insights from industry experts            33

2.2           FACTOR ANALYSIS          33

2.2.1        INTRODUCTION              33

2.2.2        DEMAND-SIDE INDICATORS      34

2.2.3        SUPPLY-SIDE INDICATORS          34

2.3           MARKET SIZE ESTIMATION         34

2.3.1        BOTTOM-UP APPROACH              35

2.3.1.1    Market size estimation methodology 35

2.3.1.2    Regional split of loitering munition market      35

2.3.2        TOP-DOWN APPROACH                36

2.4           DATA TRIANGULATION                37

2.5           RESEARCH LIMITATIONS             38

2.6           RESEARCH ASSUMPTIONS           38

2.7           RISK ASSESSMENT           39

3               EXECUTIVE SUMMARY  40

4               PREMIUM INSIGHTS       44

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LOITERING MUNITION MARKET               44

4.2           LOITERING MUNITION MARKET, BY TYPE           44

4.3           LOITERING MUNITION MARKET, BY END USER 45

4.4           LOITERING MUNITION MARKET, BY LAUNCH MODE                 45

4.5           LOITERING MUNITION MARKET, BY RANGE       46

5               MARKET OVERVIEW       47

5.1           INTRODUCTION              47

5.2           MARKET DYNAMICS       48

5.2.1        DRIVERS               48

5.2.1.1    Integration of AI and sensors into loitering munitions  48

5.2.1.2    Defense modernization initiatives     50

5.2.1.3    Cost-effectiveness and versatility       51

5.2.1.4    Increasing demand for precision strike capabilities        51

5.2.2        RESTRAINTS      52

5.2.2.1    High procurement costs      52

5.2.2.2    Operational limitations        52

5.2.2.3    Regulatory challenges          52

5.2.3        OPPORTUNITIES              53

5.2.3.1    Focus on enhancing border security and counter-insurgency operations              53

5.2.3.2    Advancements in countermeasure technologies              53

5.2.3.3    Significance of loitering munitions in naval warfare

and maritime surveillance   54

5.2.4        CHALLENGES    54

5.2.4.1    Technical limitations and reliability concerns 54

5.2.4.2    Potential threats to safety and violation of privacy          54

5.3           ECOSYSTEM ANALYSIS  55

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            57

5.5           VALUE CHAIN ANALYSIS               57

5.6           OPERATIONAL DATA     59

5.7           MACROECONOMIC OUTLOOK  59

5.8           KEY STAKEHOLDERS AND BUYING CRITERIA     60

5.8.1        KEY STAKEHOLDERS IN BUYING PROCESS           60

5.8.2        BUYING CRITERIA           61

5.9           USE CASE ANALYSIS        62

5.9.1        LOITERING MUNITIONS AS NEW-AGE WEAPONS                 62

5.9.2        LEGALLY BINDING INTERNATIONAL REGULATIONS ON AUTONOMOUS WEAPON SYSTEMS         62

5.9.3        LOITERING MUNITIONS AND IMPLICATIONS FOR INTERNATIONAL HUMANITARIAN LAW                63

5.10         TECHNOLOGY ANALYSIS             64

5.10.1      KEY TECHNOLOGIES     64

5.10.1.1  Lightweight sensors and guidance systems      64

5.10.1.2  Advanced communications systems  64

5.10.2      COMPLEMENTARY TECHNOLOGIES       64

5.10.2.1  BVLOS operations                64

5.10.2.2  Counter-unmanned aerial systems    65

5.10.2.3  Security protocols 65

5.10.3      ADJACENT TECHNOLOGIES       65

5.10.3.1  Innovative battery technologies          65

5.10.3.2  Electro-optical and infrared sensors  65

5.11         PRICING ANALYSIS          66

5.11.1      INDICATIVE PRICING ANALYSIS OF LOITERING MUNITIONS OFFERED

BY KEY PLAYERS               66

5.11.2      INDICATIVE PRICING ANALYSIS OF LOITERING MUNITIONS, BY REGION               67

5.12         LOITERING MUNITION DEFENSE PROGRAMS    67

5.13         PRODUCT COMPARISON              72

5.13.1      PRODUCT COMPARISON, BY TYPE          72

5.13.2      PRODUCT COMPARISON, BY SIMILAR WEAPON                 74

5.14         COUNTRY TRACKER (DOMESTIC VS. FOREIGN MANUFACTURING CAPABILITIES)           75

5.15         TRADE ANALYSIS             76

5.15.1      IMPORT DATA (HS CODE 930690)              76

5.15.2      EXPORT DATA (HS CODE 930690)              77

5.16         TARIFF AND REGULATORY LANDSCAPE               78

5.16.1      TARIFF 78

5.16.2      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

5.17         KEY CONFERENCES AND EVENTS, 2025  81

6               INDUSTRY TRENDS         82

6.1           INTRODUCTION              82

6.2           TECHNOLOGY TRENDS                82

6.2.1        AUTONOMOUS TARGET RECOGNITION SYSTEMS                 82

6.2.2        SWARM TECHNOLOGY 82

6.2.3        MULTI-MISSION CAPABILITIES AND MODULARITY                 83

6.2.4        SOFTWARE-DEFINED NETWORKING      83

6.2.5        TARGET DRONES             83

6.3           IMPACT OF MEGATRENDS          84

6.3.1        NANOTECHNOLOGY     84

6.3.2        BLOCKCHAIN AND IOT 84

6.4           SUPPLY CHAIN ANALYSIS             84

6.5           TECHNOLOGY ROADMAP            86

6.6           PATENT ANALYSIS          88

7               LOITERING MUNITION MARKET, BY TYPE           92

7.1           INTRODUCTION              93

7.2           RECOVERABLE 94

7.2.1        NEED FOR MORE VERSATILE AND COST-EFFECTIVE COMBAT SOLUTIONS TO DRIVE MARKET            94

7.3           EXPENDABLE    94

7.3.1        STRATEGIC ADVANTAGES IN MODERN WARFARE TO DRIVE MARKET 94

8               LOITERING MUNITION MARKET, BY END USER 95

8.1           INTRODUCTION              96

8.2           OPERATIONAL CAPABILITIES, BY COUNTRY       96

8.2.1        US: TOP THREE DRONES AND SPECIFICATIONS                 96

8.2.2        UK: TOP THREE DRONES AND SPECIFICATIONS                 97

8.2.3        FRANCE: TOP THREE DRONES AND SPECIFICATIONS                 97

8.2.4        INDIA: TOP THREE DRONES AND SPECIFICATIONS                 98

8.2.5        ISRAEL: TOP THREE DRONES AND SPECIFICATIONS                 99

8.3           ARMY    100

8.3.1        FOCUS ON ENHANCING OPERATIONAL CAPABILITIES TO DRIVE MARKET         100

8.4           NAVY     101

8.4.1        RISE OF ASYMMETRIC THREATS TO DRIVE MARKET                 101

8.5           AIR FORCE          101

8.5.1        SURGE IN DEFENSE BUDGETS AND MODERNIZATION EFFORTS TO DRIVE MARKET     101

9               LOITERING MUNITION MARKET, BY LAUNCH MODE                 102

9.1           INTRODUCTION              103

9.2           AIR LAUNCHED EFFECT                104

9.2.1        NEED FOR RAPID RESPONSE TIMES IN MILITARY OPERATIONS TO DRIVE MARKET             104

9.3           VERTICAL TAKE-OFF     105

9.3.1        MODERNIZATION OF MILITARY ARSENALS AMID EVOLVING THREATS TO DRIVE MARKET              105

9.4           CANISTER LAUNCHED  105

9.4.1        HIGH DEMAND FOR VERSATILE DEPLOYMENT METHODS FROM MILITARY FORCES TO DRIVE MARKET                 105

9.5           CATAPULT LAUNCHED 106

9.5.1        SHIFT TOWARD INTEGRATED COMBAT SOLUTIONS TO DRIVE MARKET 106

9.6           HAND LAUNCHED           106

9.6.1        EMPHASIS ON PRECISION STRIKES IN URBAN WARFARE TO DRIVE MARKET         106

10            LOITERING MUNITION MARKET, BY RANGE       107

10.1         INTRODUCTION              108

10.2         SHORT RANGE  109

10.2.1      TACTICAL ADVANTAGES IN CLOSE COMBAT SITUATIONS TO DRIVE MARKET               109

10.3         MEDIUM RANGE               110

10.3.1      NEED FOR ENHANCED OPERATIONAL AGILITY AND PRECISION STRIKES TO DRIVE MARKET                110

10.4         LONG RANGE    110

10.4.1      INCREASED PREFERENCE FOR DEEP-STRIKE CAPABILITIES AMONG MILITARY FORCES TO DRIVE MARKET                 110

11            LOITERING MUNITION MARKET, BY REGION     111

11.1         INTRODUCTION              112

11.2         NORTH AMERICA             114

11.2.1      PESTLE ANALYSIS            114

11.2.2      US           119

11.2.2.1  Increasing investments in advanced loitering munitions to drive market    119

11.2.3      CANADA               120

11.2.3.1  Emphasis on strengthening military capabilities to drive market                 120

11.3         EUROPE               122

11.3.1      PESTLE ANALYSIS            122

11.3.2      UK          126

11.3.2.1  Need for loitering munitions in defense arsenal to drive market                 126

11.3.3      GERMANY           128

11.3.3.1  Commitment to enhancing defense capabilities to drive market                 128

11.3.4      FRANCE                129

11.3.4.1  Rising adoption of loitering munitions for precision targeting to drive market          129

11.3.5      ITALY    130

11.3.5.1  Strategic efforts to modernize defense forces to drive market                 130

11.3.6      REST OF EUROPE             132

11.4         ASIA PACIFIC     134

11.4.1      PESTLE ANALYSIS            134

11.4.2      INDIA    139

11.4.2.1  Government push for indigenous defense capabilities to drive market    139

11.4.3      JAPAN   140

11.4.3.1  Shift toward advanced military capabilities to drive market                 140

11.4.4      AUSTRALIA         141

11.4.4.1  Evolving defense strategies to drive market     141

11.4.5      REST OF ASIA PACIFIC   143

11.5         MIDDLE EAST   144

11.5.1      PESTLE ANALYSIS            145

11.5.2      GCC       149

11.5.2.1  Saudi Arabia          149

11.5.2.1.1                Collaborations with global defense contractors to drive market    149

11.5.2.2  UAE        151

11.5.2.2.1                Focus on defense innovation to drive market  151

11.5.3      ISRAEL  152

11.5.3.1  Surge in demand for advanced warfare systems to drive market                 152

11.5.4      TURKEY                154

11.5.4.1  Ongoing development of advanced loitering munitions to drive market    154

11.6         REST OF THE WORLD    155

11.6.1      PESTLE ANALYSIS            156

11.6.2      BRAZIL 160

11.6.2.1  Increasing procurement of advanced military technologies to drive market          160

11.6.3      MEXICO                162

11.6.3.1  Emphasis on national security to drive market                 162

11.6.4      SOUTH AFRICA 163

11.6.4.1  Rising security challenges to drive market        163

12            COMPETITIVE LANDSCAPE         165

12.1         INTRODUCTION              165

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 165

12.3         REVENUE ANALYSIS, 2019–2023  167

12.4         MARKET SHARE ANALYSIS, 2023                 167

12.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 169

12.5.1      STARS   169

12.5.2      EMERGING LEADERS     169

12.5.3      PERVASIVE PLAYERS      170

12.5.4      PARTICIPANTS 170

12.5.5      COMPANY FOOTPRINT 171

12.5.5.1  Company footprint               171

12.5.5.2  End user footprint                 172

12.5.5.3  Type footprint       173

12.5.5.4  Region footprint   174

12.6         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023        175

12.6.1      PROGRESSIVE COMPANIES         175

12.6.2      RESPONSIVE COMPANIES            175

12.6.3      DYNAMIC COMPANIES  175

12.6.4      STARTING BLOCKS         175

12.6.5      COMPETITIVE BENCHMARKING               177

12.6.5.1  List of start-ups/SMEs        177

12.6.5.2  Competitive benchmarking of start-ups/SMEs               178

12.7         COMPANY VALUATION AND FINANCIAL METRICS                 179

12.8         BRAND/PRODUCT COMPARISON             180

12.9         COMPETITIVE SCENARIO             181

12.9.1      DEALS  181

12.9.2      OTHERS                182

13            COMPANY PROFILES      185

13.1         KEY PLAYERS     185

13.1.1      AEROVIRONMENT, INC.                185

13.1.1.1  Business overview 185

13.1.1.2  Products offered   186

13.1.1.3  Recent developments           187

13.1.1.3.1                Others    187

13.1.1.4  MnM view              187

13.1.1.4.1                Right to win           187

13.1.1.4.2                Strategic choices   187

13.1.1.4.3                Weaknesses and competitive threats 187

13.1.2      ELBIT SYSTEMS LTD.     188

13.1.2.1  Business overview 188

13.1.2.2  Products offered   189

13.1.2.3  Recent developments           189

13.1.2.3.1                Others    189

13.1.2.4  MnM view              190

13.1.2.4.1                Right to win           190

13.1.2.4.2                Strategic choices   190

13.1.2.4.3                Weaknesses and competitive threats 190

13.1.3      RHEINMETALL AG           191

13.1.3.1  Business overview 191

13.1.3.2  Products offered   192

13.1.3.3  Recent developments           193

13.1.3.3.1                Others    193

13.1.3.4  MnM view              193

13.1.3.4.1                Right to win           193

13.1.3.4.2                Strategic choices   193

13.1.3.4.3                Weaknesses and competitive threats 193

13.1.4      ISRAEL AEROSPACE INDUSTRIES              194

13.1.4.1  Business overview 194

13.1.4.2  Products offered   195

13.1.4.3  Recent developments           196

13.1.4.3.1                Others    196

13.1.4.4  MnM view              196

13.1.4.4.1                Right to win           196

13.1.4.4.2                Strategic choices   196

13.1.4.4.3                Weaknesses and competitive threats 196

13.1.5      UVISION               197

13.1.5.1  Business overview 197

13.1.5.2  Products offered   197

13.1.5.3  Recent developments           198

13.1.5.3.1                Deals      198

13.1.5.3.2                Others    199

13.1.5.4  MnM view              199

13.1.5.4.1                Right to win           199

13.1.5.4.2                Strategic choices   199

13.1.5.4.3                Weaknesses and competitive threats 199

13.1.6      THALES                200

13.1.6.1  Business overview 200

13.1.6.2  Products offered   201

13.1.7      NORTHROP GRUMMAN                 202

13.1.7.1  Business overview 202

13.1.7.2  Products offered   203

13.1.8      WB GROUP         204

13.1.8.1  Business overview 204

13.1.8.2  Products offered   204

13.1.8.3  Recent developments           205

13.1.8.3.1                Others    205

13.1.9      EDGE PJSC GROUP          206

13.1.9.1  Business overview 206

13.1.9.2  Products offered   206

13.1.9.3  Recent developments           208

13.1.9.3.1                Others    208

13.1.10   ANDURIL INDUSTRIES  209

13.1.10.1                 Business overview 209

13.1.10.2                 Products offered   209

13.1.10.3                 Recent developments           210

13.1.10.3.1             Others    210

13.1.11   RTX        211

13.1.11.1                 Business overview 211

13.1.11.2                 Products offered   211

13.1.11.3                 Recent developments           212

13.1.11.3.1             Others    212

13.1.12   AEVEX AEROSPACE         213

13.1.12.1                 Business overview 213

13.1.12.2                 Products offered   213

13.1.13   STM SAVUNMA TEKNOLOJILERI MÜHENDISLIK VE TICARET A.Ş.     214

13.1.13.1                 Business overview 214

13.1.13.2                 Products offered   214

13.1.13.3                 Recent developments           215

13.1.13.3.1             Deals      215

13.1.13.3.2             Others    215

13.1.14   KNDS    216

13.1.14.1                 Business overview 216

13.1.14.2                 Products offered   216

13.1.14.3                 Recent developments           217

13.1.14.3.1             Others    217

13.1.15   PARAMOUNT GROUP    218

13.1.15.1                 Business overview 218

13.1.15.2                 Products offered   218

13.1.15.3                 Recent developments           219

13.1.15.3.1             Deals      219

13.1.16   MBDA   220

13.1.16.1                 Business overview 220

13.1.16.2                 Products offered   220

13.1.16.3                 Recent developments           221

13.1.16.3.1             Deals      221

13.1.16.3.2             Others    221

13.1.17   TELEDYNE FLIR LLC       222

13.1.17.1                 Business overview 222

13.1.17.2                 Products offered   222

13.1.17.3                 Recent developments           223

13.1.17.3.1             Others    223

13.1.18   SOLAR GROUP  224

13.1.18.1                 Business overview 224

13.1.18.2                 Products offered   225

13.1.18.3                 Recent developments           226

13.1.18.3.1             Others    226

13.2         OTHER PLAYERS              227

13.2.1      ARQUIMEA         227

13.2.2      ROKETSAN          227

13.2.3      TATA ADVANCED SYSTEMS LIMITED     228

13.2.4      SPEAR   228

13.2.5      TRANSVARO ELEKTRON ALETLERI          229

13.2.6      BAYKAR TECHNOLOGIES             229

13.2.7      OVERWATCH GROUP    230

13.2.8      KADET DEFENCE SYSTEMS         231

13.2.9      DEFENDTEX      232

13.2.10   JOHNNETTE TECHNOLOGIES    232

14            APPENDIX           233

14.1         DISCUSSION GUIDE        233

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                237

14.3         CUSTOMIZATION OPTIONS        239

14.4         RELATED REPORTS         239

14.5         AUTHOR DETAILS           240

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 27

TABLE 2                USD EXCHANGE RATES 28

TABLE 3                INNOVATIONS IN LOITERING MUNITION                 49

TABLE 4                DEFENSE MODERNIZATION INITIATIVES                 50

TABLE 5                ROLE OF COMPANIES IN ECOSYSTEM    56

TABLE 6                ACTIVE FLEET OF LOITERING MUNITIONS USED BY KEY COUNTRIES,

2021–2023 (UNITS)            59

TABLE 7                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)        61

TABLE 8                KEY BUYING CRITERIA, BY END USER    61

TABLE 9                INDICATIVE PRICING ANALYSIS OF LOITERING MUNITIONS, BY REGION (USD) 67

TABLE 10              DEFENSE PROGRAMS, BY COUNTRY       68

TABLE 11              DEFENSE PROGRAMS IN US         69

TABLE 12              DEFENSE PROGRAMS IN CANADA            69

TABLE 13              DEFENSE PROGRAMS IN UK        70

TABLE 14              DEFENSE PROGRAMS IN FRANCE              70

TABLE 15              DEFENSE PROGRAMS IN GERMANY         71

TABLE 16              DEFENSE PROGRAMS IN ITALY 71

TABLE 17              PRODUCT COMPARISON, BY TYPE          73

TABLE 18              PRODUCT COMPARISON, BY SIMILAR WEAPON                 74

TABLE 19              DOMESTIC VS. FOREIGN MANUFACTURING CAPABILITIES   75

TABLE 20              IMPORT DATA FOR HS CODE 930690, BY COUNTRY,

2019–2023 (USD THOUSAND)      77

TABLE 21              EXPORT DATA FOR HS CODE 930690, BY COUNTRY,

2019–2023 (USD THOUSAND)      78

TABLE 22              TARIFFS FOR BOMBS, GRENADES, TORPEDOES, MINES, MISSILES,

OTHER AMMUNITION AND PROJECTILES, AND PARTS (HS CODE: 930690)   78

TABLE 23              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 24              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 25              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 26              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 27              KEY CONFERENCES AND EVENTS, 2025  81

TABLE 28              PATENT ANALYSIS          89

TABLE 29              LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)       93

TABLE 30              LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)       93

TABLE 31              US: TOP THREE DRONES AND SPECIFICATIONS                 96

TABLE 32              UK: TOP THREE DRONES AND SPECIFICATIONS                 97

TABLE 33              FRANCE: TOP THREE DRONES AND SPECIFICATIONS              97

TABLE 34              INDIA: TOP THREE DRONES AND SPECIFICATIONS              98

TABLE 35              ISRAEL: TOP THREE DRONES AND SPECIFICATIONS              99

TABLE 36              LOITERING MUNITION MARKET, BY END USER, 2020–2023 (USD MILLION)            100

TABLE 37              LOITERING MUNITION MARKET, BY END USER, 2024–2029 (USD MILLION)            100

TABLE 38              LOITERING MUNITION MARKET, BY LAUNCH MODE, 2020–2023 (USD MILLION)             104

TABLE 39              LOITERING MUNITION MARKET, BY LAUNCH MODE, 2024–2029 (USD MILLION)             104

TABLE 40              LOITERING MUNITION MARKET, BY RANGE, 2020–2023 (USD MILLION)            108

TABLE 41              LOITERING MUNITION MARKET, BY RANGE, 2024–2029 (USD MILLION)            109

TABLE 42              LOITERING MUNITION MARKET, BY REGION, 2020–2023 (UNITS)            113

TABLE 43              LOITERING MUNITION MARKET, BY REGION, 2024–2029 (UNITS)            113

TABLE 44              LOITERING MUNITION MARKET, BY REGION, 2020–2023 (USD MILLION)            113

TABLE 45              LOITERING MUNITION MARKET, BY REGION, 2024–2029 (USD MILLION)            114

TABLE 46              NORTH AMERICA: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         116

TABLE 47              NORTH AMERICA: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         116

TABLE 48              NORTH AMERICA: LOITERING MUNITION MARKET,

BY END USER, 2020–2023 (USD MILLION)               117

TABLE 49              NORTH AMERICA: LOITERING MUNITION MARKET,

BY END USER, 2024–2029 (USD MILLION)               117

TABLE 50              NORTH AMERICA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   117

TABLE 51              NORTH AMERICA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   118

TABLE 52              NORTH AMERICA: LOITERING MUNITION MARKET,

BY RANGE, 2020–2023 (USD MILLION)     118

TABLE 53              NORTH AMERICA: LOITERING MUNITION MARKET,

BY RANGE, 2024–2029 (USD MILLION)     118

TABLE 54              NORTH AMERICA: LOITERING MUNITION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               118

TABLE 55              NORTH AMERICA: LOITERING MUNITION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               119

TABLE 56              US: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)            119

TABLE 57              US: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)            119

TABLE 58              US: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            120

TABLE 59              US: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            120

TABLE 60              CANADA: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                121

TABLE 61              CANADA: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                121

TABLE 62              CANADA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            121

TABLE 63              CANADA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            121

TABLE 64              EUROPE: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                124

TABLE 65              EUROPE: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                124

TABLE 66              EUROPE: LOITERING MUNITION MARKET, BY END USER,

2020–2023 (USD MILLION)            124

TABLE 67              EUROPE: LOITERING MUNITION MARKET, BY END USER,

2024–2029 (USD MILLION)            124

TABLE 68              EUROPE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            125

TABLE 69              EUROPE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            125

TABLE 70              EUROPE: LOITERING MUNITION MARKET, BY RANGE, 2020–2023 (USD MILLION)            125

TABLE 71              EUROPE: LOITERING MUNITION MARKET, BY RANGE, 2024–2029 (USD MILLION)            125

TABLE 72              EUROPE: LOITERING MUNITION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            126

TABLE 73              EUROPE: LOITERING MUNITION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            126

TABLE 74              UK: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)            127

TABLE 75              UK: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)            127

TABLE 76              UK: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            127

TABLE 77              UK: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            127

TABLE 78              GERMANY: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                128

TABLE 79              GERMANY: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                128

TABLE 80              GERMANY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            128

TABLE 81              GERMANY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            129

TABLE 82              FRANCE: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                129

TABLE 83              FRANCE: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                129

TABLE 84              FRANCE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            130

TABLE 85              FRANCE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            130

TABLE 86              ITALY: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                131

TABLE 87              ITALY: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                131

TABLE 88              ITALY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            131

TABLE 89              ITALY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            131

TABLE 90              REST OF EUROPE: LOITERING MUNITION MARKET, BY TYPE,

2020–2023 (USD MILLION)            132

TABLE 91              REST OF EUROPE: LOITERING MUNITION MARKET, BY TYPE,

2024–2029 (USD MILLION)            132

TABLE 92              REST OF EUROPE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            133

TABLE 93              REST OF EUROPE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            133

TABLE 94              ASIA PACIFIC: LOITERING MUNITION MARKET, BY TYPE,

2020–2023 (USD MILLION)            136

TABLE 95              ASIA PACIFIC: LOITERING MUNITION MARKET, BY TYPE,

2024–2029 (USD MILLION)            136

TABLE 96              ASIA PACIFIC: LOITERING MUNITION MARKET, BY END USER,

2020–2023 (USD MILLION)            136

TABLE 97              ASIA PACIFIC: LOITERING MUNITION MARKET, BY END USER,

2024–2029 (USD MILLION)            136

TABLE 98              ASIA PACIFIC: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            137

TABLE 99              ASIA PACIFIC: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            137

TABLE 100            ASIA PACIFIC: LOITERING MUNITION MARKET, BY RANGE,

2020–2023 (USD MILLION)            137

TABLE 101            ASIA PACIFIC: LOITERING MUNITION MARKET, BY RANGE,

2024–2029 (USD MILLION)            138

TABLE 102            ASIA PACIFIC: LOITERING MUNITION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            138

TABLE 103            ASIA PACIFIC: LOITERING MUNITION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            138

TABLE 104            INDIA: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                139

TABLE 105            INDIA: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                139

TABLE 106            INDIA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            139

TABLE 107            INDIA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            140

TABLE 108            JAPAN: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                140

TABLE 109            JAPAN: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                140

TABLE 110            JAPAN: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            141

TABLE 111            JAPAN: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            141

TABLE 112            AUSTRALIA: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)         142

TABLE 113            AUSTRALIA: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)         142

TABLE 114            AUSTRALIA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            142

TABLE 115            AUSTRALIA: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            142

TABLE 116            REST OF ASIA PACIFIC: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         143

TABLE 117            REST OF ASIA PACIFIC: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         143

TABLE 118            REST OF ASIA PACIFIC: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   144

TABLE 119            REST OF ASIA PACIFIC: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   144

TABLE 120            MIDDLE EAST: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         146

TABLE 121            MIDDLE EAST: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         147

TABLE 122            MIDDLE EAST: LOITERING MUNITION MARKET,

BY END USER, 2020–2023 (USD MILLION)               147

TABLE 123            MIDDLE EAST: LOITERING MUNITION MARKET,

BY END USER, 2024–2029 (USD MILLION)               147

TABLE 124            MIDDLE EAST: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   147

TABLE 125            MIDDLE EAST: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   148

TABLE 126            MIDDLE EAST: LOITERING MUNITION MARKET,

BY RANGE, 2020–2023 (USD MILLION)     148

TABLE 127            MIDDLE EAST: LOITERING MUNITION MARKET,

BY RANGE, 2024–2029 (USD MILLION)     148

TABLE 128            MIDDLE EAST: LOITERING MUNITION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               148

TABLE 129            MIDDLE EAST: LOITERING MUNITION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               149

TABLE 130          SAUDI ARABIA: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         149

TABLE 131          SAUDI ARABIA: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         150

TABLE 132          SAUDI ARABIA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   150

TABLE 133          SAUDI ARABIA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   150

TABLE 134            UAE: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)            151

TABLE 135            UAE: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)            151

TABLE 136            UAE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            151

TABLE 137            UAE: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            152

TABLE 138            ISRAEL: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                152

TABLE 139            ISRAEL: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                153

TABLE 140            ISRAEL: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            153

TABLE 141            ISRAEL: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            153

TABLE 142            TURKEY: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                154

TABLE 143            TURKEY: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                154

TABLE 144            TURKEY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            155

TABLE 145            TURKEY: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            155

TABLE 146            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         157

TABLE 147            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         158

TABLE 148            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY END USER, 2020–2023 (USD MILLION)               158

TABLE 149            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY END USER, 2024–2029 (USD MILLION)               158

TABLE 150            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   158

TABLE 151            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   159

TABLE 152            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY RANGE, 2020–2023 (USD MILLION)     159

TABLE 153            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY RANGE, 2024–2029 (USD MILLION)     159

TABLE 154            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               160

TABLE 155            REST OF THE WORLD: LOITERING MUNITION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               160

TABLE 156            BRAZIL: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                160

TABLE 157            BRAZIL: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                161

TABLE 158            BRAZIL: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            161

TABLE 159            BRAZIL: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            161

TABLE 160            MEXICO: LOITERING MUNITION MARKET, BY TYPE, 2020–2023 (USD MILLION)                162

TABLE 161            MEXICO: LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)                162

TABLE 162            MEXICO: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2020–2023 (USD MILLION)            162

TABLE 163            MEXICO: LOITERING MUNITION MARKET, BY LAUNCH MODE,

2024–2029 (USD MILLION)            163

TABLE 164            SOUTH AFRICA: LOITERING MUNITION MARKET,

BY TYPE, 2020–2023 (USD MILLION)         163

TABLE 165            SOUTH AFRICA: LOITERING MUNITION MARKET,

BY TYPE, 2024–2029 (USD MILLION)         163

TABLE 166            SOUTH AFRICA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2020–2023 (USD MILLION)   164

TABLE 167            SOUTH AFRICA: LOITERING MUNITION MARKET,

BY LAUNCH MODE, 2024–2029 (USD MILLION)   164

TABLE 168            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024        165

TABLE 169            LOITERING MUNITION MARKET: DEGREE OF COMPETITION 168

TABLE 170            END USER FOOTPRINT 172

TABLE 171            TYPE FOOTPRINT            173

TABLE 172            REGION FOOTPRINT     174

TABLE 173            LIST OF START-UPS/SMES           177

TABLE 174            COMPETITIVE BENCHMARKING OF START-UPS/SMES           178

TABLE 175            LOITERING MUNITION MARKET: DEALS, 2020–2024        181

TABLE 176            LOITERING MUNITION MARKET: OTHERS, 2020–2024        182

TABLE 177            AEROVIRONMENT, INC.: COMPANY OVERVIEW                 185

TABLE 178            AEROVIRONMENT, INC.: PRODUCTS OFFERED                 186

TABLE 179            AEROVIRONMENT, INC.: OTHERS             187

TABLE 180            ELBIT SYSTEMS LTD.: COMPANY OVERVIEW                 188

TABLE 181            ELBIT SYSTEMS LTD.: PRODUCTS OFFERED                 189

TABLE 182            ELBIT SYSTEMS LTD.: OTHERS  189

TABLE 183            RHEINMETALL AG: COMPANY OVERVIEW                 191

TABLE 184            RHEINMETALL AG: PRODUCTS OFFERED                 192

TABLE 185            RHEINMETALL AG: OTHERS       193

TABLE 186            ISRAEL AEROSPACE INDUSTRIES: COMPANY OVERVIEW          194

TABLE 187            ISRAEL AEROSPACE INDUSTRIES: PRODUCTS OFFERED             195

TABLE 188            ISRAEL AEROSPACE INDUSTRIES: OTHERS                 196

TABLE 189            UVISION: COMPANY OVERVIEW                197

TABLE 190            UVISION: PRODUCTS OFFERED 197

TABLE 191            UVISION: DEALS               198

TABLE 192            UVISION: OTHERS           199

TABLE 193            THALES: COMPANY OVERVIEW 200

TABLE 194            THALES: PRODUCTS OFFERED 201

TABLE 195            NORTHROP GRUMMAN: COMPANY OVERVIEW                 202

TABLE 196            NORTHROP GRUMMAN: PRODUCTS OFFERED                 203

TABLE 197            WB GROUP: COMPANY OVERVIEW          204

TABLE 198            WB GROUP: PRODUCTS OFFERED           204

TABLE 199            WB GROUP: OTHERS      205

TABLE 200            EDGE PJSC GROUP: COMPANY OVERVIEW                 206

TABLE 201            EDGE PJSC GROUP: PRODUCTS OFFERED                 206

TABLE 202            EDGE PJSC GROUP: OTHERS       208

TABLE 203            ANDURIL INDUSTRIES: COMPANY OVERVIEW                 209

TABLE 204            ANDURIL INDUSTRIES: PRODUCTS OFFERED                 209

TABLE 205            ANDURIL INDUSTRIES: OTHERS                210

TABLE 206            RTX: COMPANY OVERVIEW         211

TABLE 207            RTX: PRODUCTS OFFERED          211

TABLE 208            RTX: OTHERS     212

TABLE 209            AEVEX AEROSPACE: COMPANY OVERVIEW                 213

TABLE 210            AEVEX AEROSPACE: PRODUCTS OFFERED                 213

TABLE 211            STM SAVUNMA TEKNOLOJILERI MÜHENDISLIK VE TICARET A.Ş.:

COMPANY OVERVIEW   214

TABLE 212            STM SAVUNMA TEKNOLOJILERI MÜHENDISLIK VE TICARET A.Ş.:

PRODUCTS OFFERED    214

TABLE 213            STM SAVUNMA TEKNOLOJILERI MÜHENDISLIK VE TICARET A.Ş.: DEALS                215

TABLE 214            STM SAVUNMA TEKNOLOJILERI MÜHENDISLIK VE TICARET A.Ş.: OTHERS            215

TABLE 215            KNDS: COMPANY OVERVIEW     216

TABLE 216            KNDS: PRODUCTS OFFERED      216

TABLE 217            KNDS: OTHERS 217

TABLE 218            PARAMOUNT GROUP: COMPANY OVERVIEW                 218

TABLE 219            PARAMOUNT GROUP: PRODUCTS OFFERED                 218

TABLE 220            PARAMOUNT GROUP: DEALS    219

TABLE 221            MBDA: COMPANY OVERVIEW    220

TABLE 222            MBDA: PRODUCTS OFFERED     220

TABLE 223            MBDA: DEALS   221

TABLE 224            MBDA: OTHERS                 221

TABLE 225            TELEDYNE FLIR LLC: COMPANY OVERVIEW                 222

TABLE 226            TELEDYNE FLIR LLC: PRODUCTS OFFERED                 222

TABLE 227            TELEDYNE FLIR LLC: OTHERS   223

TABLE 228            SOLAR GROUP: COMPANY OVERVIEW   224

TABLE 229            SOLAR GROUP: PRODUCTS OFFERED    225

TABLE 230            SOLAR GROUP: OTHERS               226

TABLE 231            ARQUIMEA: COMPANY OVERVIEW          227

TABLE 232            ROKETSAN: COMPANY OVERVIEW          227

TABLE 233            TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW   228

TABLE 234            SPEAR: COMPANY OVERVIEW    228

TABLE 235            TRANSVARO ELEKTRON ALETLERI: COMPANY OVERVIEW          229

TABLE 236            BAYKAR TECHNOLOGIES: COMPANY OVERVIEW          229

TABLE 237            OVERWATCH GROUP: COMPANY OVERVIEW                 230

TABLE 238            KADET DEFENCE SYSTEMS: COMPANY OVERVIEW          231

TABLE 239            DEFENDTEX: COMPANY OVERVIEW       232

TABLE 240            JOHNNETTE TECHNOLOGIES: COMPANY OVERVIEW          232

LIST OF FIGURES

FIGURE 1              LOITERING MUNITION MARKET SEGMENTATION              26

FIGURE 2              RESEARCH DESIGN MODEL         29

FIGURE 3              RESEARCH DESIGN         30

FIGURE 4              BOTTOM-UP APPROACH              35

FIGURE 5              TOP-DOWN APPROACH                36

FIGURE 6              DATA TRIANGULATION                37

FIGURE 7              EXPENDABLE TO BE LEADING SEGMENT BY TYPE DURING FORECAST PERIOD           40

FIGURE 8              ARMY TO BE LEADING SEGMENT BY END USER DURING FORECAST PERIOD       41

FIGURE 9              CANISTER LAUNCHED TO BE LEADING SEGMENT BY LAUNCH MODE DURING FORECAST PERIOD                 41

FIGURE 10            SHORT RANGE TO BE LEADING SEGMENT BY RANGE DURING FORECAST PERIOD       42

FIGURE 11            NORTH AMERICA TO BE LEADING MARKET FOR LOITERING MUNITIONS DURING FORECAST PERIOD    43

FIGURE 12            INCREASED USE OF LOITERING MUNITIONS FOR TARGET EXECUTION

TO DRIVE MARKET         44

FIGURE 13            EXPENDABLE SEGMENT TO BE LARGER THAN RECOVERABLE SEGMENT DURING FORECAST PERIOD 44

FIGURE 14            ARMY TO SECURE LEADING POSITION DURING FORECAST PERIOD         45

FIGURE 15            CANISTER LAUNCHED TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD               45

FIGURE 16            SHORT RANGE SEGMENT TO BE DOMINANT DURING FORECAST PERIOD       46

FIGURE 17            LOITERING MUNITION MARKET DYNAMICS                 48

FIGURE 18            YEARLY LOITERING MUNITION EXPENDITURE                 51

FIGURE 19            ECOSYSTEM ANALYSIS  55

FIGURE 20            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   57

FIGURE 21            VALUE CHAIN ANALYSIS               57

FIGURE 22            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                60

FIGURE 23            KEY BUYING CRITERIA, BY END USER    61

FIGURE 24            IMPORT DATA FOR HS CODE 930690, BY COUNTRY,

2019–2023 (USD THOUSAND)      76

FIGURE 25            EXPORT DATA FOR HS CODE 930690, BY COUNTRY,

2019–2023 (USD THOUSAND)      77

FIGURE 26            SUPPLY CHAIN ANALYSIS             85

FIGURE 27            TECHNOLOGY ROADMAP OF LOITERING MUNITION MARKET       86

FIGURE 28            EMERGING TRENDS IN LOITERING MUNITION MARKET               87

FIGURE 29            PATENTS ANALYSIS        88

FIGURE 30            LOITERING MUNITION MARKET, BY TYPE, 2024–2029 (USD MILLION)       93

FIGURE 31            LOITERING MUNITION MARKET, BY END USER, 2024–2029 (USD MILLION)            99

FIGURE 32            LOITERING MUNITION MARKET, BY LAUNCH MODE, 2024–2029 (USD MILLION)             103

FIGURE 33            LOITERING MUNITION MARKET, BY RANGE, 2024–2029 (USD MILLION)            108

FIGURE 34            LOITERING MUNITION MARKET, BY REGION, 2024–2029              112

FIGURE 35            NORTH AMERICA: LOITERING MUNITION MARKET SNAPSHOT       116

FIGURE 36            EUROPE: LOITERING MUNITION MARKET SNAPSHOT          123

FIGURE 37            ASIA PACIFIC: LOITERING MUNITION MARKET SNAPSHOT          135

FIGURE 38            MIDDLE EAST: LOITERING MUNITION MARKET SNAPSHOT          146

FIGURE 39            REST OF THE WORLD: LOITERING MUNITION MARKET SNAPSHOT       157

FIGURE 40            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2023              167

FIGURE 41            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023        167

FIGURE 42            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023  170

FIGURE 43            COMPANY FOOTPRINT 171

FIGURE 44            COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 176

FIGURE 45            COMPANY VALUATION OF PROMINENT MARKET PLAYERS           179

FIGURE 46            FINANCIAL METRICS OF PROMINENT MARKET PLAYERS              179

FIGURE 47            BRAND/PRODUCT COMPARISON             180

FIGURE 48            AEROVIRONMENT, INC.: COMPANY SNAPSHOT                 186

FIGURE 49            ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT                 188

FIGURE 50            RHEINMETALL AG: COMPANY SNAPSHOT                 191

FIGURE 51            ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT          194

FIGURE 52            THALES: COMPANY SNAPSHOT 201

FIGURE 53            NORTHROP GRUMMAN: COMPANY SNAPSHOT                 203

FIGURE 54            SOLAR GROUP: COMPANY SNAPSHOT   225