LONDON, June 15, 2022 (GLOBE NEWSWIRE) -- While loitering munitions have been in use for several decades, their use has increased significantly in the past years, with the coming decade expected to see unprecedented growth in the market. The loitering munitions market will benefit from increased modularity, increased use of artificial intelligence (AI), use of swarm technology, and increased sensor capabilities in the next ten years. 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 Technology Components in Loitering Munitions
- Aerostructure
- Software
- Control
- Sensor system
- Warhead
- Power source
The Pentagon is increasingly looking to AI to facilitate the development of drone swarm technology including loitering munitions. AI is of particular significance for loitering munitions because they are expected to have a high degree of autonomy and be able to independently detect targets, even if a human is ultimately looped in for the actual strike.
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Key Technology Trends Impacting the Loitering Munitions Market
- Swarm technology
- Artificial intelligence
- Mission modules
- Vertical attack
- Commercial off the shelf (COTS)
- Military off the shelf (MOTS)
- Fuel and propulsion
- 3D printing
- Processor chips
- Miniaturization and scalability
- Battery technology
- Composites
Key Macroeconomic Trends Impacting the Loitering Munitions Market
- Economic risk
- China impact
- Beyond visual line of sight (BVLOS)
Key Regulatory Trends Impacting the Loitering Munitions Market
- International traffic in arms regulations (ITAR)
- Laws of war
- Counter drone technology
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Leading Companies Associated with Loitering Munitions Theme
- AeroVironment
- Raytheon
- Elbit Systems
- HESA
- IAI
- Uvision
- WB Electronics
- Cobra
- Kronshtadt
- Northrop Grumman
- Rheinmetall
- STM
- Kalashnikov
- Aeronautics
- DefendTex
Loitering Munitions Market Overview
| Key Technology Components | Aerostructure, Software, Control, Sensor Systems, Warhead, and Power Source |
| Key Macroeconomic Trends | Economic Risk, China Impact, and Beyond Visual Line of Sight (BVLOS) |
| Key Technology Trends | Swarm Technology, Artificial Intelligence, Mission Modules, Vertical Attack, Commercial off the Shelf (COTS), Military off the Shelf (MOTS), Fuel and Propulsion, 3D Printing, Processor Chips, Miniaturization and Scalability, Battery Technology, and Composites |
| Key Regulatory Trends | International Traffic in Arms Regulations (ITAR), Laws of war, and Counter Drone Technology |
| Leading Companies | AeroVironment, Raytheon, Elbit Systems, HESA, IAI, Uvision, WB Electronics, Cobra, Kronshtadt, Northrop Grumman, Rheinmetall, STM, Kalashnikov, Aeronautics, and DefendTex |
Loitering Munitions Market Report 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 soldier modernization value chain are covered.
- Highlights from the range different loitering munitions programs currently being undertaken by various defense companies.
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 Soldier Modernization theme.
- Understanding how spending on loitering munitions will fit into the overall market and which spending areas are being prioritized.
FAQs
What are the key technology components of loitering munitions?
The key technology components of loitering munitions are aerostructure, software, control, sensor systems, warhead, and power source.
What are the key technology trends impacting the loitering munitions market?
The key technology trends impacting the loitering munitions theme are swarm technology, artificial intelligence, mission modules, vertical attack, commercial off the shelf (COTS), military off the shelf (MOTS), fuel and propulsion, 3d printing, processor chips, miniaturization and scalability, battery technology, and composites.
What are the key macroeconomic trends impacting the loitering munitions market?
The key macroeconomic trends impacting the loitering munitions theme are economic risk, China impact, and beyond visual line of sight (BVLOS).
What are the key regulatory trends impacting the loitering munitions market?
The key regulatory trends impacting the loitering munitions theme are International Traffic in Arms Regulations (ITAR), laws of war, and counter drone technology.
Which are the leading companies in the loitering munitions market?
The key leading players associated with the loitering munitions theme are AeroVironment, Raytheon, Elbit Systems, HESA, IAI, Uvision, WB Electronics, Cobra, Kronshtadt, Northrop Grumman, Rheinmetall, STM, Kalashnikov, Aeronautics, and DefendTex.
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