Target Acquisition Systems Market

1
Target Acquisition Systems Market by Subsystem,
Platform (Land, Airborne, Naval), End Use
(Military, Homeland Security), Range, and Region
- Global Forecast to 2024
The Target Acquisition Systems Market Report
provides an analysis of the market from 2019 to
2024. It discusses industry and technology trends
currently prevailing in the market,
along with drivers, challenges, and
opportunities. The target acquisition systems
market is projected to grow from 11.9 billion
in 2019 to 15.5 billion by 2024, at a CAGR of
5.46 from 2019 to 2024. Browse 93 market data
Tables and 43 Figures spread through 147 Pages
and in-depth TOC on "Target Acquisition Systems
Market" https//www.marketsandmarkets.com/Market-R
eports/target-acquisition-system-
market-89317342.html The target acquisition
systems market in Asia Pacific is expected to
witness substantial growth during the forecast
period due to the high focus on modernization of
soldiers and armored vehicles and increasing
procurement of target acquisition systems in
China and India. Additionally, increase in
defense expenditure by India and China and the
expansion of military capabilities by emerging
nations have accelerated the demand for target
acquisition systems for different platforms such
as land, airborne, and naval platforms. Download
PDF Brochure https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id89317342 Based on platform,
the naval segment is expected to grow at the
highest CAGR during the forecast period. The
growth of this segment can be attributed to the
procurement of widely used target acquisition
systems, such as destroyers, corvettes, frigates,
offshore patrol vessels, unmanned surface
vessels, and amphibious ships. Based on end use,
the military segment of the target acquisition
systems market is expected to grow at a higher
CAGR as compared to the homeland security segment
2
during the forecast period. The growing use of
unmanned systems for surveillance is expected to
drive the demand for the target acquisition
systems used in ISR applications. The US has a
large contribution to the military modernization
programs, and companies focus on the US as it
has a huge defense budget. Based on sub-system,
the detecting locating systems segment of the
target acquisition systems market is expected to
grow at the highest CAGR during the forecast
period. 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 is expected to drive this
segment. These systems are designed to assist
weapon systems and forward observers in striking
their targets Based on range, the short range
(08 km) segment is expected to grow at the
highest CAGR during the forecast period. The
growth of this segment can be attributed to the
increasing demand for short range target
acquisition systems for greater accuracy as
compared to long-range artillery systems. North
America is expected to be one of the largest
markets for target acquisition systems in the
near future due to the high demand from the US
Department of Defense. Target acquisition
systems are integrated into larger advanced
platforms applications such as armored vehicles,
surveillance towers, combat ships, combat
aircraft, Unmanned Surface Vehicles (USVs), and
Unmanned Aerial Vehicles (UAVs). Various US
defense companies are manufacturing advanced
weapon systems with integrated target
acquisition systems. All these factors are
leading to increasing demand for target
acquisition systems in North America. Key Market
Players 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). Dont miss out on business
opportunities in Target Acquisition Systems
Market. Speak to our analyst and gain crucial
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