Global Target Acquisition Systems Market, By Subsystem (Scopes & Sights, Cameras, Detecting & Locati

Published Date: | Report Code : AD1920098

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Market Dynamics:

The Target Acquisition Systems Market is expected to promise high growth owing to the increasing demand for advanced automated weapons in recent years. Increasing demand from end-use industries including military, homeland security is expected to drive the growth of the target acquisition systems market. This market has witnessed a number of key developments by major companies including  Rheinmetall, BAE Systems, Israel Aerospace Industries, Aselsan A.S., Elbit Systems, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

A target acquisition system is a framework that helps in detection, distinguishing proof, and location of a target to permit the effective employment of lethal and non-lethal weapons.

Factors that are expected to fuel the growth of the target acquisition systems market are advancements in automated weapons, expanding defense expenditure of nations, and progressing military modernization programs around the world.

Key Factors Impacting Market Growth:

  • Rise in use of highly advanced automated weapons
  • Increase in interest for artillery systems by military powers
  • Major players adopting growth strategies, such as contracts, agreements, and partnerships

Regional Analysis:

The Target Acquisition Systems Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for target acquisition systems market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With the presence of some of fastest growing economies including India and China, this region is projected to be a major market for the target acquisition systems market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the target acquisition systems market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for the target acquisition systems market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Rheinmetall, BAE Systems, Israel Aerospace Industries, Aselsan A.S., Elbit Systems, Hensoldt, Leonardo, and Raytheon Company… 

Market Segmentation:

By Subsystem:

  • Scopes & Sights
  • Cameras
  • Detecting & Locating Systems
  • Modules

By Platform:

  • Land
  • Airborne
  • Naval

By End User:

  • Military
  • Homeland Security

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest of North America)
    • By Subsystem
    • By Platform
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Subsystem
    • By Platform
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Subsystem
    • By Platform
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Subsystem
    • By Platform
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Subsystem
    • By Platform
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Subsystem
    • By Platform
    • By End User

Reasons To Buy This Report:

  • Market size estimation of the target acquisition systems market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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  • By Sub-segment
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