Target Acquisition Systems Market value $15.5 Billion by 2024

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Target Acquisition Systems Market value 15.5
Billion by 2024 - Exclusive Report by
MarketsandMarkets According to the new market
research report "Target Acquisition Systems
Market by Subsystem (Cameras, Scopes Sights,
Detecting Locating Systems, Modules), Platform
(Land, Airborne, Naval), End Use (Military,
Homeland Security), Range, and Region - Global
Forecast to 2024", published by
MarketsandMarkets, the global Target Acquisition
Systems Market is projected to grow from USD
11.9 billion in 2019 to USD 15.5 billion by
2024, at a CAGR of 5.46 from 2019 to 2024.
can be to the in
This growth attributed advancements automatic
increasing
weapons, defense countries,
expenditure of
rise in demand for artillery systems by military
forces, and ongoing military modernization
programs worldwide. Browse in-depth TOC on
"Target Acquisition Systems Market" 93
Tables 43 Figures 147 Pages Ask for PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id89317342 Based on platform, the
land segment is expected to lead the target
acquisition systems market during the forecast
period. Based on platform, the target acquisition
systems market is projected to be led by the land
segment from 2019 to 2024. Target acquisition
systems bolster the defense capabilities of land
platforms and provide greater safety to soldiers
during war and anti-terrorist operations.
Countries such as the US, Russia, China, Saudi
Arabia, and India have increased their
defense expenditure, and the expansion of
military capabilities by emerging nations have
accelerated the demand for target acquisition
systems for different classes of armored vehicles.
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The military segment is expected to lead the
target acquisition systems market during the
forecast period. Based on end use, the military
segment of the target acquisition systems market
is projected to lead from 2019 to 2024. This
growth can be attributed to the ongoing military
modernization programs worldwide, adoption of
target acquisition systems by military forces,
and increasing defense expenditure of countries
globally. The detecting locating systems
segment is expected to lead the target
acquisition systems market during the forecast
period. Based on sub-system, the detecting
locating systems segment is projected to lead the
target acquisition systems market from 2019 to
2024. This growth of this segment can be
attributed to the increase in demand for advanced
laser rangefinders, laser target designators, and
target acquisition radars/tracking radars, among
others for various platforms, such as land,
airborne, and naval. North America is expected to
lead the market for target acquisition systems
during the forecast period. The target
acquisition systems market in North America
is expected to witness substantial growth
during the forecast period due to the high demand
for target acquisition systems from the US
Department of Defense. Target acquisition systems
are integrated into larger advanced platforms for
enhanced target acquisition and firing. Advanced
target acquisition systems are manufactured
mainly by the US defense companies, such as
Lockheed Martin Corporation (US) and
Raytheon Company (US). Request Sample pages of
the Report https//www.marketsandmarkets.com/requ
estsampleNew.asp?id89317342 Major players
operating in the target acquisition systems
market include companies, such as Hensoldt
(Germany), Elbit Systems (Israel), Israel
Aerospace Industries (Israel), Aselsan A.S.
(Turkey), Rheinmetall (Germany), BAE Systems
(UK), and Leonardo (Italy), and Raytheon Company
(US).
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