Target Acquisition Systems Market Outlook -2027
Target acquisition systems are a multi-use weapon system which is 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. Target acquisition systems also work parallel with the missile and bomb guidance mechanisms & battlefield management systems.
COVID-19 Scenario analysis:
- Due to COVID-19 situation, the research & development intarget acquisition systemindustries across the globe, has been hampered because of the declared lockdowns and government restrictions on public gatherings.
- Production rate of target acquisition system has been hampered due to COVID-19 pandemic.
- Supply chain of spare parts of talent acquisition systems has also been negatively affected due to temporarily closing down of several defence industries.
- There will be considerable rise in demand in global target acquisition system market in near future as world is moving towards normalcy.
- Post COVID-19, 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, increase in defence expenditure of countries, rise in demand for artillery systems by military forces, and ongoing military modernization programs worldwide are some of the major factors expected to drive the growth of target acquisition systems market. However, the high operational cost of target acquisition systems is a factor that may hamper growth of the global target acquisition systems market. Although, growing investment in the research & development (R&D) sector for the development of technologically advanced systems for defence applications are the opportunistic for the future
growth of target acquisition systems market.
Advancements in automatic weapons
The recent technological advancements in the talent acquisition systems is contributing significantly in the growth of the global target acquisition systems market. Such systems have high demand among several countries. For instance, in November 2018, Israel aerospace industries secured a contract worth 550 million USD from an Asia-Pacific country for the supply of its advanced Sky Capture air-defence system. Hence, further advancements in automatic weapons will continue to contribute in the demand of talent acquisition market.
Key benefits of the report:
- This study presents the analytical depiction of the 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 target acquisition systems market share.
- The current market is quantitatively analyzed to highlight the global 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 target acquisition systems market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the target acquisition systemsmarket research report:
- Which are the leading market players active in the 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?
Key Market Segments
- By Sub System
- Cameras
- Scopes & Sights
- Detecting & Locating Systems
- Modules
- Add-On Systems
- Others
- By Platform
- By End Use
- Military
- Homeland Security
- By Range
- Short Range (0-8 Km)
- Medium Range (8-250 Km)
- Long Range (Above 250 Km)
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
- Africa
Key Market Players
- Safran
- ASELSAN A.?.
- Elbit Systems Ltd.
- Thales Group
- Rheinmetall AG
- IAI
- Lockheed Martin Corporation
- BAE Systems.
- INSTRO PRECISION
- Raytheon Technologies Corporation