2021-2027 Target Acquisition Systems Market COVID-19 Impact and Global Analysis by Kearfott Corporation, Lockheed Martin Corporation, Raytheon Company, Rheinmetall AG, Safran SA

Target acquisition systems market is anticipated to grow in the forecast period owing to driving factors such as advancements in automatic weapon systems coupled with demand for border surveillance and reconnaissance. Ongoing military modernization programs are further expected to leverage the growth of the target acquisition systems market. On the other hand, regulations associated with sales to overseas countries is a major challenge faced by the target acquisition systems market. However, R&D investments for defense operations offer key opportunities to the market players during the forecast period.

Target Acquisition Systems Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Platform (Land, Airborne, Naval); Range (Long Range Target Acquisition Systems, Medium Range Target Acquisition Systems, Short Range Target Acquisition Systems); End Use (Military, Homeland Security) and Geography

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The target acquisition systems are in high demand for increased use in Intelligence, Surveillance, and Reconnaissance (ISR) applications. The growing need for border surveillance and rising demands for artillery systems in the military are key factors fuelling the market demand. Manufacturers are focusing on partnerships and new product launches. North America is likely to hold the largest market share during the forecast period owing to heavy demand from US Defense and presence of defense players.

Top Listed Companies in Target Acquisition Systems Market are -

- BAE Systems plc
- Elbit Systems Ltd.
- Instro Precision Limited
- Israel Aerospace Industries Ltd. (IAI)
- Kearfott Corporation
- Lockheed Martin Corporation
- Raytheon Company
- Rheinmetall AG
- Safran SA
- Thales SA

The global target acquisition systems market is segmented on the basis of platform, range, and end use. Based on platform, the market is segmented as land, airborne, and naval. On the basis of the range, the market is segmented as long range target acquisition systems, medium range target acquisition systems, and short range target acquisition systems. The market on the basis of the end use is classified as military and homeland security.

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