Europe's loitering munitions market, covering unmanned weapons that wait over target areas before striking, is estimated at $4.87 billion in 2026 and projected to reach $7.58 billion by 2031, according to MarketsandMarkets. The report forecasts a 9.2% compound annual growth rate during the period, with defense spending, military modernization, joint procurement and expanded European production supporting demand. Ukraine held a 43.4% market share in 2025, while Romania is identified as the fastest-growing country and plans to acquire 70 systems for its Land and Naval Forces under the SAFE program. Canister-launched, medium-endurance, medium-range, electro-optic, anti-armor and army segments led their respective categories, while long-endurance systems are forecast to grow at the fastest rate, with a 15.5% CAGR. The report identifies Helsing, WB GROUP, Rheinmetall AG, Anduril Industries and KNDS as key players, while electronic warfare, GPS jamming, signal spoofing, semiconductor supply chains, technology upgrades and interoperability remain significant challenges.