Airborne Target Acquisition Systems Market

 Target acquisition systems are multi-use weapon systems used for identification, location, & detection of the target to permit the effective employment of lethal & non-lethal weapons. Target includes a wide array of resources that an enemy commander can use to conduct operations including mobile and stationary units, forces, equipment, capabilities, facilities, persons and functions. Target acquisition can be considered as the process of a weapon system to decide which object to lock on to, as opposed to surveillance on one and target tracking. Talent acquisition systems are in high demand due to their increased use in intelligence, surveillance & reconnaissance (ISR) missions. These systems also work parallel with the missile and bomb guidance mechanisms & battlefield management systems.

COVID-19 Scenario analysis:

• Due to COVID-19 situation, the R&D in airborne target acquisition system industries across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
• Production rate of airborne target acquisition system has been hampered due to COVID-19 pandemic.
• Supply chain of spare parts of airborne target acquisition systems has also been negatively affected due to temporarily closing down of several defense industries.
• There will be considerable rise in demand in global airborne target acquisition system market in near future as world is moving toward normalcy.
• Post COVID-19, airborne target acquisition system market can see a significant growth as several countries have either already ordered or planning to procure such systems for their forces.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Advancements in automatic weapons, increasing defense expenditure of countries, increasing need of border surveillance, and ongoing military modernization programs worldwide are some of the major factors which drive the airborne target acquisition systems market. However, the high operational cost of target acquisition systems is a factor that is hampering the growth of the airborne target acquisition systems market. On the contrary, growing investment in the research & development (R&D) sector for the development of technologically advanced systems for defense applications is expected to further contribute in the growth of airborne target acquisition systems market.

Advancements in automatic weapons

Technological advancements in the airborne talent acquisition systems are contributing significantly in the growth of the global airborne target acquisition systems market. Such systems have high demand among several countries. For instance, in November 2018, Israel aerospace industries (IAI) signed a contract of worth 550 million USD from an Asia-Pacific country for the supply of its advanced Sky Capture air defense system (a type of command & control system for anti-aircraft artillery). Such systems are capable of destroy air threats precisely. Hence, advancements in automatic weapons will continue to contribute in the growth of the airborne talent acquisition market.

Key benefits of the report:

• This study presents the analytical depiction of the airborne target acquisition systems industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global airborne target acquisition systems market share.
• The current market is quantitatively analyzed to highlight the global airborne target acquisition systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global airborne target acquisition systems market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the airborne target acquisition systems market research report:

• Which are the leading market players active in the global airborne target acquisition systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Airborne Target Acquisition Systems Market Report Highlights