North America Dominates Loitering Munition Market Amid Rising Defense Modernization Efforts
The North American loitering munition market is poised for significant growth, supported by strong defense budgets, advanced technology adoption, and ongoing modernization programs. Valued at USD 529.9 million in 2024, the market is projected to reach USD 815.3 million by 2029, growing at a CAGR of 9.0%. Volume deployments are also expected to rise from 3,942 units in 2024 to 5,917 units in...