Loitering Munition Market
The loitering munition market consists of autonomous, single-use or recoverable weapons that can wait passively over a target area before attacking. The primary customers are military forces, including army, navy, and airforce branches, for use in precision strikes and reconnaissance. Key growth drivers include advancements in autonomous technology, rising defense budgets in emerging economies, and the increasing military demand for cost-effective, high-precision alternatives to traditional missile systems.
CAGR
9%
Compound Annual Growth Rate
Current Value
$610.0M
Estimated 2026
Projected Value
$1.22B
By 2034
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