Dublin, Feb. 08, 2024 (GLOBE NEWSWIRE) — The “Europe Unmanned Loitering Munition Market – Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
The Europe unmanned loitering munition market is estimated to reach $408.9 million by 2033 from $368.5 million in 2023, at a CAGR of 1.05% during the forecast period 2023-2033
The market is anticipated to experience sustained expansion as prominent companies and military organizations allocate resources towards research and development efforts aimed at improving performance and efficiency. This investment is likely to create fresh prospects for growth and innovation within the industry.
The European unmanned loitering munition market has witnessed significant growth in recent years, driven by advancements in technology and the rising demand for precise, cost-efficient military capabilities. Unmanned loitering munitions, also referred to as kamikaze drones or suicide drones, are autonomous or remotely operated explosive devices designed for reconnaissance, surveillance, and precision strike missions.
Their unique ability to linger over the battlefield, actively searching for and engaging targets, has fueled their demand in the European region. These systems offer tactical advantages by providing real-time situational awareness, target identification, and highly accurate strikes, enhancing the effectiveness and efficiency of military operations.
Additionally, their cost-effectiveness compared to traditional manned aircraft or missile systems makes them an attractive choice for European nations facing budget constraints. The integration of advanced sensors, such as electro-optical/infrared cameras and synthetic aperture radar, as well as artificial intelligence and machine learning algorithms, has further bolstered the capabilities and effectiveness of unmanned loitering munitions in Europe.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different types of solutions available for deployment and their potential. Moreover, the study provides the reader with a detailed understanding of the unmanned loitering munition by operation mode (autonomous system and manual system) and platform.
Growth/Marketing Strategy: The Europe unmanned loitering munition market has seen major development by key players operating in the market, such as contracts, collaboration, and joint ventures. The favored strategy for the companies has strengthened their position in the Europe unmanned loitering munition market.
Competitive Strategy: Key players in the Europe unmanned loitering munition market analyzed and profiled in the study involve major unmanned loitering munition companies providing kamikaze drones, respectively. Moreover, a detailed competitive benchmarking of the players operating in the Europe unmanned loitering munition market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.
Some prominent names established in this market are:
- BAYKAR TECH
- Nexter group KNDS
- Rheinmetall AG
- Roketsan
- STM Savunma Teknolojileri Muhendislik ve Ticaret A.S.
- Turkish Aerospace Industries, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 87 |
| Forecast Period | 2023 – 2033 |
| Estimated Market Value (USD) in 2023 | $368.5 Million |
| Forecasted Market Value (USD) by 2033 | $408.9 Million |
| Compound Annual Growth Rate | 1.0% |
| Regions Covered | Europe |
Key Topics Covered:
Executive Summary
Scope of the Study
1 Markets
1.1 Industry Outlook
1.1.1 Europe Unmanned Loitering Munition Market: Overview
1.1.2 Current and Emerging Technological Trends
1.1.2.1 Swarm Drones
1.1.2.2 Artificial Intelligence (AI) in Drones
1.1.2.3 3D Printing
1.1.3 Unmanned Loitering Munition Market: On-going and Upcoming Projects
1.1.3.1 Autonomous Multi-Domain Adaptive Swarms-of-Swarms (AMASS) Project
1.1.3.2 The French Icarus Project
1.1.3.3 Colibri Project
1.1.4 Unmanned Loitering Munition Landscape: Changing Geopolitical Scenario
1.1.5 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Deployment of Loitering Munition in Armed Conflicts
1.2.1.2 Increasing Swarm Operations
1.2.2 Business Challenges
1.2.2.1 Range Limitations of Drones Chosen for Loitering Munition
1.2.2.2 Evolving Market Landscape Restricting Large Volume Procurement of Loitering Munitions
1.2.3 Business Strategies
1.2.3.1 New Product Launches
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, and Contracts
1.2.4.2 Mergers and Acquisitions
1.2.5 Business Opportunities
1.2.5.1 Emergence of Smart Loitering Munition Systems
2 Region
2.1 Unmanned Loitering Munition Market (by Region)
2.2 Europe
2.2.1 Market
2.2.1.1 Key Manufacturers and Suppliers in Europe
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Europe Unmanned Loitering Munition Market (by Platform)
2.2.3 Product
2.2.3.1 Europe Unmanned Loitering Munition Market (by Operation Mode)
2.2.4 Europe (by Country)
2.2.4.1 Europe Unmanned Loitering Munition Market (by Country)
2.2.4.2 U.K.
2.2.4.3 France
2.2.4.4 Germany
2.2.4.5 Russia
2.2.4.6 Ukraine
2.2.4.7 Poland
2.2.4.8 Rest-of-Europe
3 Markets – Market Share Analysis & Company Profiles
3.1 Market Share Analysis
3.2 BAYKAR TECH
3.2.1 Company Overview
3.2.1.1 Role of BAYKAR TECH in the Unmanned Loitering Munition Market
3.2.1.2 Product Portfolio
3.2.2 Corporate Strategies
3.2.2.1 Partnerships, Collaborations, Agreements, and Contracts
3.2.3 Analyst View
3.3 Nexter group KNDS
3.4 Rheinmetall AG
3.5 Roketsan
3.6 STM Savunma Teknolojileri Muhendislik ve Ticaret A.S.
3.7 Turkish Aerospace Industries, Inc.
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/bb90un
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- European Unmanned Loitering Munition Market
