HTF Market Intelligence published a new research publication on Loitering Munition System Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Loitering Munition System market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are AeroVironment Inc. (United States), Israel Aerospace Industries (IAI) (Israel), Elbit Systems Ltd. (Israel), Baykar Defense (Turkey), Roketsan A.S. (Turkey), STM Savunma Teknolojileri Mühendislik ve Ticaret A.Ş. (Turkey), Harpy Aviation (Israel), China Aerospace Science and Technology Corporation (CASC) (China), CASC Rainbow UAV Technology Co., Ltd. (China), Norinco International Cooperation Ltd. (China)
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According to HTF Market Intelligence, the Global Loitering Munition System market to witness a CAGR of 8.2% during forecast period of 2023-2028. The market is segmented by Global Loitering Munition System Market Breakdown by Application (Navy Force, Land Force, Air Force) by Type (Fixed-wing Loitering Munitions, Rotary-wing Loitering Munitions) by Payload (Explosive Payload, Non-explosive Payload) by Functionality (Autonomous Identification and Positioning, Manual Positioning) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Loitering Munition System market size is estimated to increase by USD 0.11 Billion at a CAGR of 8.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 0.9 Billion.
Definition:
The loitering munition system refers to a type of weapon that combines characteristics of a drone and a missile. It is designed to loiter in the battlefield, identify and engage targets, and then self-destruct, making it a one-time-use weapon.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Loitering Munition System Market: Fixed-wing Loitering Munitions, Rotary-wing Loitering Munitions
Key Applications/end-users of Loitering Munition System Market: Navy Force, Land Force, Air Force
Market Trends:
The market for loitering munition systems has been witnessing significant growth due to increasing demand for precise and autonomous weapons in modern warfare scenarios.
Market Drivers:
Growing demand for precision strike capabilities to minimize collateral damage.
Market Opportunities:
Rising defense budgets in several countries, particularly in the Asia-Pacific and Middle East regions.
Market Restraints:
Rising defense budgets in several countries, particularly in the Asia-Pacific and Middle East regions.
Market Challenges:
Rising defense budgets in several countries, particularly in the Asia-Pacific and Middle East regions.
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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Loitering Munition System Market
Loitering Munition System Size (Sales Volume) Comparison by Type (Fixed-wing Loitering Munitions, Rotary-wing Loitering Munitions)
Loitering Munition System Size (Consumption) and Market Share Comparison by Application (Navy Force, Land Force, Air Force) (2022-2028)
Loitering Munition System Size (Value) Comparison by Region (2023-2028)
Loitering Munition System Sales, Revenue and Growth Rate (2023-2028)
Loitering Munition System Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Fixed-wing Loitering Munitions, Rotary-wing Loitering Munitions)
Analyse competitors, including all important parameters of Loitering Munition System
Loitering Munition System Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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Actual Numbers & In-Depth Analysis of Global Loitering Munition System Market Size Estimation and Trends Available in Full Version of the Report.
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