Future of Loitering Munitions: Technological Advancements and Market Dynamics (2024–2029)
The loitering munitions market is entering a transformative phase, driven by technological advancements and the evolving nature of modern warfare. Projected to grow from USD 529.9 million in 2024 to USD 815.3 million by 2029, at a CAGR of 9.0%, this market demonstrates its increasing relevance in addressing the tactical and operational needs of military forces worldwide. In terms of volume, the...
The Future of Loitering Munitions: Key Drivers, Regional Growth, and Technological Advancements
The loitering munitions market is evolving rapidly, driven by technological innovations, growing defense budgets, and shifting global security dynamics. These versatile and cost-effective weapons, combining the capabilities of missiles and drones, are transforming modern warfare, offering unparalleled precision and operational flexibility. By 2029, the market is projected to reach USD 815.3 million,...