Strategic Intelligence - Loitering Munitions

"Loitering Munitions" is part of the analyst's Strategic Intelligence series of reports on unmanned technologies and their impacts across different industries. Loitering munitions are essential in the defense industry, as a the militaries across the world are coming to learn their value. To overcome an era of heightened geopolitical risk, companies, nations, and militaries are increasingly adopting a focud on unmanned technologies.

This report explores emergent trends within the loitering munitions market, examining use cases and the implementation of emerging technologies such as AI, and what challenges must be considered in pursuing effective strategies for brand building in this market.

Loitering munitions (LMs) are aerial weapons that are capable of staying in the air while they search for a target, and some are capable of returning to base in the case of unsuccessful target identification. While they operate similarly to armed drones, their self-destructive capabilities are what set them apart. Additionally, other forms of munitions have a specific target and follow a clear trajectory to hit their targets, leaving them open to interception-whereas loitering munitions travel to the general area of their target and then wait for an opportunity to strike. The ability of loitering munitions to stay on target until a target has been acquired is what makes them especially useful for military operations. The 2020 Nagorno-Karabakh war brought a high public profile to loitering munitions in the defense community; however, their rapid proliferation in Russia’s invasion of Ukraine and the ongoing fighting have elevated awareness much further: LMs are now a frequent point of discussion in defense procurement and considered a key capability for modern militaries.

Loitering munitions are a rapidly expanding segment within unmanned systems and munitions. While loitering munitions have been in use for several decades, their use has increased significantly in recent years, with the coming decade expected to see unprecedented growth that will nearly double the size of the market. From Ukraine's battlefields to Taiwan's strategic calculations, loitering munitions are proving their value as effective tools for both offensive and defensive operations, and in the near future, the loitering munitions market will benefit from increased modularity, increased use of artificial intelligence (AI), use of swarm technology, and increased sensor capabilities. The market will also benefit greatly from the increased proliferation of unmanned systems, as the mass use of such systems drives down the cost of mutual components, with the low cost of the systems being paramount to their application.

Key Highlights

• Studies of emerging technological trends and their broader impact on the defense market.
• Analysis of the various loitering munitions solutions, programs and projects currently under development

Scope

• The key defense challenges that forces and defense sector suppliers face are covered.
• The investment opportunities for armed forces, suppliers, and institutional investors, across the whole loitering munitions value chain are covered.
• Highlights from a range different countries and their suppliers

Reasons to Buy

• Determine potential investment companies based on trend analysis and market projections.
• Gaining an understanding of the market challenges and opportunities surrounding the loitering munitions in defense theme.
• Understanding how spending on loitering munitions and related segments will fit into the overall market and which spending areas are being prioritized.