The Global Target Acquisition Market was calculated USD 11 billion in 2018 and expected to reach up to USD xx.xx billion by 2025, at a CAGR of 6% from 2019 to 2025. The key factors fuelling the growth of the target acquisition system markets are automatic weapons, increasing adoption of defense expenditure of the countries, rise in demand artillery systems by military forces, and ongoing military advancement programs across the globe.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global target acquisition system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global target acquisition system market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Segment Analysis

By Platform Insights: By platform, the naval segment is projected to grow at the highest CAGR during the forecasted timeframe.  The growth of the naval segment can be credited to the procurement of broadly used target acquisition systems such as destroyers, corvettes, frigates, offshore patrol vessels, unmanned surface vessels, and amphibious ships. The airborne and land segment is expected to increase the market over the forecasted timeframe.

By Range Insights: Based on the range insights, the short range (0-8) segment is projected to grow at the highest CAGR in the target acquisition market from 2019 to 2025. The demand for the short-range segment can be credited to the increasing demand for short-range target acquisition systems for greater accuracy and precision as compared to long-range artillery systems.

By End-Use Insights: The end-user segment accounted for the largest share in the past few years. The military segment of the target acquisition system market is anticipated to increase at the higher CAGR as compared to the homeland security segment during the forecasted timeframe. The increasing adoption of an unmanned system for surveillance is projected to lead to the demand for the target acquisition systems used in the ISR application. The US has the largest contribution to military modernization programs, and a company focuses on the US as it has huge defense revenue.

Regional Analysis

The global the target acquisition system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to drive the market for the target acquisition system during the forecasted timeframe. The target acquisition system market is projected to witness major growth during the forecast timeframe owing to the high demand for target acquisition systems from the US Department of Defense. Target acquisition systems are highly integrated into large advanced platforms for boosting target acquisition and firing. Leading target acquisition systems are constructed mostly by the US defense companies, like Lockheed Martin Corporation (US) and Raytheon Company (US).

Global Target Acquisition System Market Size, Share Analysis by Region 2017

The Asia Pacific is projected to witness substantial growth at the highest CAGR by 2025 owing to the increasing adoption in defense by India and China and the expansion of military efficiency and capabilities. Owing to the firm national production base and increasing utilization of automatic weapons on combat vehicles and naval platforms are some of the other factors are predicted to lead the market of the target acquisition systems market in the region.

Global Target Acquisition System Market Study Objective

1. To forecast the market size of the target acquisition system market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of target acquisition system market based region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of target acquisition system market, such as drivers, restraints, challenges and opportunities.

4. The regional analysis of the target acquisition system market, to urge the market size of five global major regions, which includes Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the target acquisition system market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders to provide a competitive landscape for the global market players.

8. To profile major market player and to analyze their market shares and essential competence comprehensively.

Key Players

Major players operating in the target acquisition systems market industry include Israel Aerospace Industries, Aselsan A.S., Elbit Systems, Rheinmetall, BAE Systems, Hensoldt, Leonardo, and Raytheon Company, among others. These players have raised various growth strategies, such as contracts, agreements, and partnerships, to further expand their presence in the global target acquisition systems market.

Global Target Acquisition System Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.