Target Acquisition Systems Market Scenario, Comprehensive Analysis, Professional Survey, Top Companies- Rheinmetall, BAE Systems, Israel Aerospace Industries

The research report by QMI analyzes Target Acquisition Systems Market based on market segments, major geographies and current trends in the market. This report provides a comprehensive analysis of market growth drivers, factors that limit market growth, current market trends, market structure, and market projections for the coming years. It includes an analysis of recent technological developments and detailed profiles of top players in the industry. The report also includes a review of essential micro and macro factors about existing market players and new entrants along with detailed analysis of the value chain.

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According to the report, the target acquisition systems market is projected to register significant growth with higher CAGR during the forecast period due to developments in automatic weapons, increased defense spending by nations, increased demand by military forces for artillery systems, and on-going military modernization programs worldwide.

A target acquisition system is a mechanism that helps to identify, discern evidence and locate a target in order to enable the effective use 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:
o The rise in the use of highly advanced automated weapons
o Increase in interest for artillery systems by military powers
o Major players adopting growth strategies, such as contracts, agreements, and partnerships

Segmental Analysis:
Target acquisition systems market has been segmented based on, a subsystem (scopes & sights, cameras, detecting & locating systems, modules), platform (land, airborne, naval), end-user (military, homeland security) and region.
By subsystem, detecting & locating systems is expected to lead the target acquisition systems market during the forecast period. The growth in this segment can be attributed to increased demand for advanced laser rangefinders, laser target designators, and target radar acquisition/tracking radars, for different platforms such as ground, airborne, and naval.

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The land segment is expected to lead the target acquisition systems market over the forecast period, based on the platform. Target acquisition systems improve land platform defense capabilities and provide soldiers with greater security during combat and anti-terrorist operations. Several countries have increased their defense spending, and the expansion of military capabilities by emerging nations has propelled the demand for targeted procurement systems for various classes of armored vehicles.

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 is accounted for the largest market share of the target acquisition systems market during the forecast period. With the presence of major manufacturers and high market demand, North America and the European region have been traditional regions for the aerospace & defence sector. In addition, these regions have been proactive in terms of technological and research advances. This is one of the key factors controlling market demand for target acquisition systems during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region.

It is projected that the Asia Pacific is the fastest-growing region, with increased spending on defense and space research. With the emergence of some of the fastest-growing economies like India and China, this region is expected to be a major market for target acquisition systems technology. South Korea, Japan, and Australia are also key countries in the region.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Rheinmetall
2. BAE Systems
3. Israel Aerospace Industries
4. Aselsan A.S.
5. Elbit Systems
6. Hensoldt
7. Leonardo
8. and Raytheon Company

Market Segmentation:
By Subsystem:
o Scopes & Sights
o Cameras
o Detecting & Locating Systems
o Modules
By Platform:
o Land
o Airborne
o Naval
By End User:
o Military
o Homeland Security
By Region:
o North America
o By Country (US, Canada, Mexico, Rest of North America)
o By Subsystem
o By Platform
o By End-User
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Subsystem
o By Platform
o By End-User
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Subsystem
o By Platform
o By End-User
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Subsystem
o By Platform
o By End-User
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Subsystem
o By Platform
o By End-User
o Rest of the World
o By Region (South America, Africa)
o By Subsystem
o By Platform
o By End-User

Reasons To Buy This Report:
o Market size estimation of the target acquisition systems market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.