Loitering Munition System Market By Type (Autonomous Loitering Munition System, Manual Loitering Munition System), By Platform (Land, Air, Navy): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The loitering munition system refers to a type of unmanned aerial vehicle (UAV) or drone that is specifically designed for carrying explosive payloads. The loitering munition system market is in its early stages and is projected to experience significant growth in the future. Consequently, several players such as Rheinmetall AG, AeroVironment, Inc, WB Group, and Israel Aerospace Industries Ltd. in the market are increasing their market presence by forming strategic alliances to broaden their customer base.

For instance, in September 2022, Rheinmetall and UVision, both German manufacturers, secured their first order to supply Hero loitering munitions to a NATO military force in Europe. The company refrained from disclosing further details of the agreement, including the quantity of munitions ordered, through Presidential Drawdown Authority and $95 million in equipment from the Ukraine Security Assistance Initiative.

This package includes additional high mobility artillery rocket systems, ammunition, and an undisclosed number of phoenix ghost unmanned aerial systems. Such rising defense expenditure is stimulating the growth of the defense sector and is catalyzing the loitering munition system market size across different regions.The market for unmanned loitering munitions is experiencing significant expansion driven by technological advancements. Enhanced sensors like electro-optical/infrared (EO/IR) cameras and synthetic aperture radar (SAR) enable these systems to function efficiently across various environments and weather conditions.

The utilization of 3D printing in the design and testing of munitions accelerates the development process, leading to decreased time-to-market. In addition, the integration of machine learning (ML) and artificial intelligence (AI) algorithms has enhanced target identification and engagement capabilities, enhancing their lethality and precision.

The global loitering munition system market was affected by the COVID-19 pandemic, which led to disturbances in the supply chain and production procedures. The dynamics of the market were impacted by fluctuating demand and economic uncertainty. Despite these obstacles, the market quickly rebounded due to the defense industry's increased investment in the purchase of aerial, land, and marine vehicles for its loitering munition.

Industries and key players are actively working towards enhancing the loitering munition system, safety, and reliability. For instance, in May 2023, Kalashnikov launched a new drone production facility. The major focus of this facility would be manufacturing guided loitering munition systems, which Moscow has extensively deployed in Ukraine.

The rise in the need for procurement of loitering munitions by the U.S. Navy is a key driver of market growth in North America. In January 2023, the U.S. Navy entered a $15 million contract with Kratos Defense & Security Solutions, Inc. to acquire two XQ-58A Valkyrie drones, equipped with sensors and weapon systems for targeted attacks. Furthermore, regional governments are prioritizing the purchase of loitering munition systems. For instance, in March 2023, the Canada government issued a Request for Information to select loitering munitions for the Canadian Armed Forces (CAF) based on their specific requirements. These strategic procurements by regional governments are expected to boost demand for loitering munitions in North America.

In the Middle East and Africa region, there is an increase in the manufacturing of loitering munition systems, focused on providing reliable solutions to consumers. As part of the Saudi Vision 2030, Saudi Arabia is focusing on local development of loitering munitions to reduce its reliance on imports, thereby encouraging local manufacturers and attracting contracts from other countries.

For instance, in January 2023, Israel Aerospace Industries Ltd. signed a multi-million-dollar contract from the U.S. Department of Defense to develop and deploy a loitering munition called 'Point Blank' with vertical takeoff and landing capabilities. Such contracts won by market players in the region are driving the growth of the loitering munition market in the Middle East and Africa. Such factors are propelling the need for loitering munition systems during the forecast period of 2022-2032.

The loitering munition system market is segmented into type, platform, and region. On the basis of type, the market is bifurcated into autonomous loitering munition system and manual loitering munition system. As per platform, the market is divided into land, air, and navy. Region wise, the loitering munition system market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competitive analysis and profiles of the major global loitering munition system market players that have been provided in the report include Rheinmetall AG; AeroVironment, Inc.; WB Group; Israel Aerospace Industries Ltd.; UVision Air Ltd.; Paramount Group; Embenation; STM Savunma Teknolojileri Muhendislik ve Ticaret A.S.; ZALA Aero group, and Elbit Systems Ltd. The key strategies adopted by the major players of the global loitering munition system market are product launch, mergers, and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the loitering munition system market analysis from 2022 to 2032 to identify the prevailing loitering munition system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the loitering munition system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global loitering munition system market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Regulatory Guidelines
Import Export Analysis/Data

Key Market Segments

By Type

Autonomous Loitering Munition System
Manual Loitering Munition System

By Platform

Land
Air
Navy

By Region

North America
- U.S.
- Canada
- Mexico
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Africa

Key Market Players:

Rheinmetall AG
AeroVironment, Inc.
WB Group
Israel Aerospace Industries Ltd.
Paramount Group
UVision Air Ltd.
STM Savunma Teknolojileri Muhendislik ve Ticaret A.?.
ZALA Aero group
Elbit Systems Ltd
Embenation

Product Code: A266195

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: LOITERING MUNITION SYSTEM MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Autonomous Loitering Munition System
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Manual Loitering Munition System
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: LOITERING MUNITION SYSTEM MARKET, BY PLATFORM

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Land
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Air
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Navy
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: LOITERING MUNITION SYSTEM MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Platform
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Type
  - 6.2.4.1.2. Market size and forecast, by Platform
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Type
  - 6.2.4.2.2. Market size and forecast, by Platform
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Type
  - 6.2.4.3.2. Market size and forecast, by Platform
6.3. Asia-Pacific
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Platform
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. China
  - 6.3.4.1.1. Market size and forecast, by Type
  - 6.3.4.1.2. Market size and forecast, by Platform
  - 6.3.4.2. India
  - 6.3.4.2.1. Market size and forecast, by Type
  - 6.3.4.2.2. Market size and forecast, by Platform
  - 6.3.4.3. Japan
  - 6.3.4.3.1. Market size and forecast, by Type
  - 6.3.4.3.2. Market size and forecast, by Platform
  - 6.3.4.4. Australia
  - 6.3.4.4.1. Market size and forecast, by Type
  - 6.3.4.4.2. Market size and forecast, by Platform
  - 6.3.4.5. South Korea
  - 6.3.4.5.1. Market size and forecast, by Type
  - 6.3.4.5.2. Market size and forecast, by Platform
  - 6.3.4.6. Rest of Asia-Pacific
  - 6.3.4.6.1. Market size and forecast, by Type
  - 6.3.4.6.2. Market size and forecast, by Platform
6.4. Europe
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Platform
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. UK
  - 6.4.4.1.1. Market size and forecast, by Type
  - 6.4.4.1.2. Market size and forecast, by Platform
  - 6.4.4.2. Germany
  - 6.4.4.2.1. Market size and forecast, by Type
  - 6.4.4.2.2. Market size and forecast, by Platform
  - 6.4.4.3. France
  - 6.4.4.3.1. Market size and forecast, by Type
  - 6.4.4.3.2. Market size and forecast, by Platform
  - 6.4.4.4. Russia
  - 6.4.4.4.1. Market size and forecast, by Type
  - 6.4.4.4.2. Market size and forecast, by Platform
  - 6.4.4.5. Italy
  - 6.4.4.5.1. Market size and forecast, by Type
  - 6.4.4.5.2. Market size and forecast, by Platform
  - 6.4.4.6. Spain
  - 6.4.4.6.1. Market size and forecast, by Type
  - 6.4.4.6.2. Market size and forecast, by Platform
  - 6.4.4.7. Rest of Europe
  - 6.4.4.7.1. Market size and forecast, by Type
  - 6.4.4.7.2. Market size and forecast, by Platform
6.5. Latin America
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Platform
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Type
  - 6.5.4.1.2. Market size and forecast, by Platform
  - 6.5.4.2. Argentina
  - 6.5.4.2.1. Market size and forecast, by Type
  - 6.5.4.2.2. Market size and forecast, by Platform
  - 6.5.4.3. Rest of Latin America
  - 6.5.4.3.1. Market size and forecast, by Type
  - 6.5.4.3.2. Market size and forecast, by Platform
6.6. Middle East and Africa
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by Type
- 6.6.3. Market size and forecast, by Platform
- 6.6.4. Market size and forecast, by country
  - 6.6.4.1. Saudi Arabia
  - 6.6.4.1.1. Market size and forecast, by Type
  - 6.6.4.1.2. Market size and forecast, by Platform
  - 6.6.4.2. UAE
  - 6.6.4.2.1. Market size and forecast, by Type
  - 6.6.4.2.2. Market size and forecast, by Platform
  - 6.6.4.3. Israel
  - 6.6.4.3.1. Market size and forecast, by Type
  - 6.6.4.3.2. Market size and forecast, by Platform
  - 6.6.4.4. Africa
  - 6.6.4.4.1. Market size and forecast, by Type
  - 6.6.4.4.2. Market size and forecast, by Platform

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Rheinmetall AG
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. AeroVironment, Inc.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. WB Group
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. Israel Aerospace Industries Ltd.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Paramount Group
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. UVision Air Ltd.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. STM Savunma Teknolojileri Muhendislik ve Ticaret A.S.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
8.8. ZALA Aero group
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. Elbit Systems Ltd
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Embenation
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments