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Middle East & Africa 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 Middle East & Africa is expected to grow from US$ 445.54 million in 2023 to US$ 678.71 million by 2028. It is estimated to grow at a CAGR of 8.8% from 2023 to 2028.

Integration of Advanced Warfare Technologies in Defense Systems is Fueling Middle East & Africa Loitering Munition Market

The loitering munitions market is expected to benefit from increased modularity, increased use of artificial intelligence (AI) and swarm technology, mission modules, and increased sensor capabilities over the forecast period. The rising adoption of unmanned systems is projected to offer various growth opportunities for the loitering munition market. Loitering munitions are engineered with seamless, persistent, and robust sensor-to-shooter links, ensuring the shortest loop between acquisition and targeting. Furthermore, integrating mission modules enables greater flexibility and a lower cost of operations, as intelligence, surveillance, and reconnaissance (ISR) roles can be fulfilled before a munition. Loitering munitions are anticipated to become a game-changer in artillery and fill the existing voids in surveillance-precision engagement capability between 40 and 200 km. Various countries are investing in enhancing their defense systems with advanced warfare technologies such as autonomous weapon systems. The purchase of an undisclosed number of loitering munitions is expected to be concluded in the first quarter of 2023. Such growing demand for advanced warfare technologies is projected to witness an upward trend over the forecast period.

Middle East & Africa Loitering Munition Market Overview

The MEA loitering munition market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Several countries are procuring loitering munitions manufactured by key market players in the region. For instance, Russia is widely deploying loitering munitions manufactured by Iran to combat Ukraine. Russia was initially deploying its domestically made loitering munitions in the war and faced shortages due to supply issues and licensing issue; as a result, the critical components of loitering munitions experienced a decline in production. Due to the shortages of loitering munitions, Russia started procuring and using Iranian-made loitering munition “Shahed” in the war, which is propelling the loitering munition market in the region. In addition, during the Second Nagorno-Karabakh War in 2020, Azerbaijan procured Harop loitering munitions manufactured by Israel Aerospace Industries, which increased the demand for Harop drones in the market. In February 2021, Israel Aerospace Industries signed three deals worth approximately US$ 100 million to supply its Harop loitering munitions in its land and naval version to Asian countries. Furthermore, governments of several countries across the globe increased their military expenditure to strengthen their defense industries. For instance, according to SIPRI, Serbia increased its military expenditure to US$ 1,426.4 million in 2022 from US$ 1,270.8 million in 2021. This increased the country’s capabilities to establish a robust defense sector by procuring missiles and loitering munitions. In March 2023, the Serbian Armed Forces (SAF) ordered loitering munitions developed by Edge Group, a UAE-based advanced defense technology company, in an effort to fortify its defense sector. Thus, such contracts with other nations for the procurement of loitering munitions developed by key players such as Shahed Aviation Industries and Israel Aerospace Industries in the MEA are propelling the loitering munition market in the region.

Middle East & Africa Loitering Munition Market Overview Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Loitering Munition Market Segmentation

The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa loitering munition market share in 2023.

Based on country, the loitering munition market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa loitering munition market share in 2023.

AeroVironment Inc; Elbit Systems Ltd; Israel Aerospace Industries Ltd; Lockheed Martin Corp; Rafael Advanced Defense Systems Ltd; STM AS; and the UVision Air Ltd. are the leading companies operating in the loitering munition market in the Middle East & Africa.

TABLE OF CONTENTS

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. Middle East & Africa Loitering Munition Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa 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 – Middle East & Africa Analysis
6.1 Middle East & Africa Loitering Munition Market Overview
6.2 Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Loitering Munition Market Revenue and Forecast to 2028 – Type
7.1 Overview
7.2 Loitering Munition Market Breakdown, by Type, 2022 and 2028
7.3 Fixed Wing
7.3.1 Overview
7.3.2 Fixed Wing: Middle East & Africa Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Rotary Wing
7.4.1 Overview
7.4.2 Rotary Wing: Middle East & Africa Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Loitering Munition Market Revenue and Forecast to 2028 – Platform.
8.1 Overview
8.2 Middle East & Africa Loitering Munition Market Breakdown, by Platform, 2022 and 2028
8.3 Air
8.3.1 Overview
8.3.2 Air: Middle East & Africa Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Naval
8.4.1 Overview
8.4.2 Naval: Middle East & Africa Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Land
8.5.1 Overview
8.5.2 Land: Middle East & Africa Loitering Munition Market– Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Loitering Munition Market – Country Analysis
9.1 Middle East and Africa: Loitering Munition Market
9.1.1 Middle East and Africa: Loitering Munition Market, by Key Country
9.1.1.1 Saudi Arabia: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Loitering Munition Market, by Type
9.1.1.1.2 Saudi Arabia: Loitering Munition Market, by Platform
9.1.1.2 UAE: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Loitering Munition Market, by Type
9.1.1.2.2 UAE: Loitering Munition Market, by Platform
9.1.1.3 South Africa: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Loitering Munition Market, by Type
9.1.1.3.2 South Africa: Loitering Munition Market, by Platform
9.1.1.4 Rest of MEA: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Loitering Munition Market, by Type
9.1.1.4.2 Rest of MEA: Loitering Munition Market, by Platform
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
11. Company Profiles
11.1 STM AS
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 Rafael Advanced Defense Systems Ltd
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 AeroVironment Inc
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 Lockheed Martin Corp
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. Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Loitering Munition Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Loitering Munition Market, by Platform –Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation

LIST OF FIGURES

Figure 1. Middle East & Africa Loitering Munition Market Segmentation
Figure 2. Middle East & Africa Loitering Munition Market Segmentation – By Country
Figure 3. Middle East & Africa Loitering Munition Market Overview
Figure 4. Fixed Wing Contributed the Largest Market Share in 2022
Figure 5. Rest of Middle East & Africa to Show Great Traction During Forecast Period of 2023 to 2028
Figure 6. Porter’s Five Forces Analysis
Figure 7. Middle East & Africa Loitering Munition Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Loitering Munition Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa Loitering Munition Market Revenue Share, by Type (2022 and 2028)
Figure 12. Fixed Wing: Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Rotary Wing: Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Middle East & Africa Loitering Munition Market Revenue Share, by Platform (2022 and 2028)
Figure 15. Air: Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Naval: Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Land: Middle East & Africa Loitering Munition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Middle East & Africa: Loitering Munition Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. Middle East and Africa: Loitering Munition Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. Saudi Arabia: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. UAE: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. South Africa: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Rest of MEA: Loitering Munition Market – Revenue, and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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

The List of Companies – Middle East & Africa Loitering Munition Market

● AeroVironment Inc
● Elbit Systems Ltd
● Israel Aerospace Industries Ltd
● Lockheed Martin Corp
● Rafael Advanced Defense Systems Ltd
● STM AS
● UVision Air Ltd

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