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Europe Loitering Munition Market Forecast to 2028 -Regional Analysis by Type (Fixed Wing and Rotary Wing) and Platform (Air, Naval, and Land)

Publisher The Insight Partners
Published May 19, 2023
Length 98 Pages
SKU # TIP18215640

Description

Europe Loitering Munition Market Forecast to 2028-Regional Analysis by Type (Fixed Wing and Rotary Wing) and Platform (Air, Naval, and Land)


The loitering munition market in Europe is expected to grow from US$ 171.84 million in 2023 to US$ 238.55 million by 2028. It is estimated to grow at a CAGR of 6.8% from 2022 to 2028.

Rise in Number of Contracts for Supply of Loitering Munition is Fueling Europe Loitering Munition Market

The vendors operating in the loitering munitions market are majorly focusing on collaborating with different governments and armed forces to understand their respective demands and provide them with reliable solutions. The armed forces of various countries are also providing several contracts to the loitering munition manufacturers for the procurement of munition products. Moreover, the armed forces across different countries are investing heavily in procuring ammunition and munitions, which is another major factor aiding the growth of the loitering munition market. Further, the rising tension between the countries of different regions is another major factor driving the demand for loitering munitions. Hence, the armed forces of these countries are focusing on the procurement of smart munitions. Some of the contracts provided by different armed forces for loitering munitions are mentioned below:

In September 2022, Rheinmetall and UVision won a contract of an undisclosed amount to supply Hero loitering munitions to a NATO military force in Europe. Europe Loitering Munition Market Overview

The Europe loitering munition market is sub segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The rise in military expenditure across the European countries is one of the major factors catalyzing the loitering munition market expansion across the region. Russia increased its military spending from US$ 65,201.3 million in 2019 to US$ 86,373.1 million in 2022. Russia has used a large number of loitering munitions in its ongoing war against Ukraine. In October 2022, Russia used nearly 17 loitering munitions against Ukraine, along with a wave of around 83 cruise missiles. Such operations have compelled the European countries to strengthen their military forces. Russia is one of the early movers in the category of loitering munitions across Europe. The overall fleet of Russia’s loitering munitions includes products from the companies such as Elbit Systems, Rheinmetall AG, and Israel Aerospace Industries, as well as locally manufactured loitering munitions. Moreover, one of the major Kamikaze drones Russia has currently deployed in the ongoing war is Lancet-3 kamikaze drone; it destroyed a Ukrainian patrol boat on the Dnieper River in April 2023.

Europe loitering munition market Revenue and Forecast to 2028 (US$ Million)

Europe Loitering Munition Market Segmentation

The Europe loitering munition market is segmented into type, platform, and country.

Based on type, the loitering munition market is segmented into fixed wing and rotary wing. The fixed wing segment held the larger Europe loitering munition market share in 2023.

Based on platform, the loitering munition market is segmented into air, naval, and land. The land segment held the largest Europe loitering munition market share in 2023.

Based on country, the loitering munition market is segmented into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe loitering munition market share in 2023

AeroVironment Inc; Elbit Systems Ltd; Israel Aerospace Industries Ltd; Lockheed Martin Corp; Rafael Advanced Defense Systems Ltd; UVision Air Ltd; and the WB Electronics SA are the leading companies operating in the loitering munition market in Europe.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe loitering munition market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe loitering munition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the loitering munition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

98 Pages
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Loitering Munition Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Loitering Munition Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Number of Contracts for Supply of Loitering Munition
5.1.2 Continuous Growth of Defense Sectors
5.2 Market Restraints
5.2.1 Threat of Jamming and Spoofing
5.3 Market Opportunities
5.3.1 Integration of Advanced Warfare Technologies in Defense Systems
5.4 Future Trends
5.4.1 Rising Deployment of Smart Loitering Munition
5.5 Impact Analysis of Drivers and Restraints
6. Loitering Munition Market – Europe Analysis
6.1 Europe Loitering Munition Market Overview
6.2 Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Loitering Munition Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 Europe Loitering Munition Market Breakdown, by Type, 2022 and 2028
7.3 Fixed Wing
7.3.1 Overview
7.3.2 Fixed Wing: Europe Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Rotary Wing
7.4.1 Overview
7.4.2 Rotary Wing: Europe Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Loitering Munition Market Revenue and Forecast to 2028 – Platform.
8.1 Overview
8.2 Europe Loitering Munition Market Breakdown, by Platform, 2022 and 2028
8.3 Air
8.3.1 Overview
8.3.2 Air: Europe Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Naval
8.4.1 Overview
8.4.2 Naval: Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Land
8.5.1 Overview
8.5.2 Land: Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
9. Europe Loitering Munition Market –Country Analysis
9.1 Europe: Loitering Munition Market
9.1.1 Europe: Loitering Munition Market, by Key Country
9.1.1.1 France: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: Loitering Munition Market, by Type
9.1.1.1.2 France: Loitering Munition Market, by Platform
9.1.1.2 Germany: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: Loitering Munition Market, by Type
9.1.1.2.2 Germany: Loitering Munition Market, by Platform
9.1.1.3 Italy: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Loitering Munition Market, by Type
9.1.1.3.2 Italy: Loitering Munition Market, by Platform
9.1.1.4 UK: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Loitering Munition Market, by Type
9.1.1.4.2 UK: Loitering Munition Market, by Platform
9.1.1.5 Russia: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Loitering Munition Market, by Type
9.1.1.5.2 Russia: Loitering Munition Market, by Platform
9.1.1.6 Rest of Europe: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Loitering Munition Market, by Type
9.1.1.6.2 Rest of Europe: Loitering Munition Market, by Platform
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
11. Company Profiles
11.1 Rafael Advanced Defense Systems Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 AeroVironment Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Lockheed Martin Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 WB Electronics SA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Israel Aerospace Industries Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 UVision Air Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Elbit Systems Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. France: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Loitering Munition Market Segmentation
Figure 2. Europe Loitering Munition Market Segmentation – By Country
Figure 3. Europe Loitering Munition Market Overview
Figure 4. Fixed Wing Contributed the Largest Market Share in 2022
Figure 5. The UK to Show Great Traction During Forecast Period of 2023 to 2028
Figure 6. Porter’s Five Forces Analysis
Figure 7. Europe Loitering Munition Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Loitering Munition Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Loitering Munition Market Revenue Share, by Type (2022 and 2028)
Figure 12. Fixed Wing: Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Rotary Wing: Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Loitering Munition Market Revenue Share, by Platform (2022 and 2028)
Figure 15. Air: Europe Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Naval: Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Land: Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe: Loitering Munition Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. Europe: Loitering Munition Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. France: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Germany: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Italy: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. UK: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Russia: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)

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