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Target Acquisition Systems Market by Subsystem (Cameras, Scopes & Sights, Detecting & Locating Systems, Modules), Platform (Land, Airborne, Naval), End Use (Military, Homeland Security), Range, and Region - Global Forecast to 2024

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  • 148 Pages
  • May 2019
  • Region: Global
  • Markets and Markets
  • ID: 4769735
Description Jump to:

Advancements in automatic weapons, increasing 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 fuel the growth of the target acquisition systems market.

The target acquisition systems market is projected to grow from USD 11.9 billion in 2019 to USD 15.5 billion by 2024, at a CAGR of 5.46% from 2019 to 2024. Some of the factors that are expected to fuel the growth of the target acquisition systems market are advancements in automatic weapons, increasing defence expenditure of countries, rise in demand for artillery systems by military forces, and ongoing military modernization programs worldwide.

The detecting & locating systems segment is estimated to account for the largest share of the target acquisition systems market in 2019.

Based on sub-system, the detecting & locating systems segment is estimated to account for the largest share of the target acquisition systems market in 2019. Detecting & locating systems play a key role in the detection of targets with the help of target acquisition radars, EO/IR systems, and other supporting systems.

The medium-range (8–250 km) segment is estimated to account for the largest share of the target acquisition systems market in 2019.

Based on range, the medium range (8–250 km) segment is estimated to account for the largest share of the target acquisition systems market in 2019. Medium range target acquisition systems are highly preferred by militaries, as they provide greater accuracy in targeting as compared to long-range systems and provides greater range coverage than a short-range system. Countries such as India and China are currently investing in medium-range defence systems.

The land segment is estimated to lead the target acquisition systems market in 2019.

Based on a platform, the land segment is estimated to account for the largest share of the target acquisition systems market in 2019. The rise in the use of target acquisition systems is strengthening the defence capabilities of land platforms and providing greater safety to soldiers during war and anti-terrorist operations. Developed countries are focusing on integrating these systems on various land warfare platforms to reduce the number of causalities during anti-terrorist operations.

North America is estimated to account for the largest share of the target acquisition systems market in 2019

North America is expected to account for the largest share of the target acquisition systems market in 2019, The large share can be attributed to the high demand for target acquisition systems from the US Department of Defense and presence of defence players, such as Lockheed Martin Corporation and Raytheon Company in the country.

The break-up of the profiles of primary participants in the target acquisition systems market are as follows:


  • By Company Type: Tier 1 – 35%; Tier 2 – 45%; and Tier 3 – 20%
  • By Designation: C-Level– 35%; Director Level – 25%; and Others – 40%
  • By Region: North America – 45%; Europe – 20%; Asia Pacific – 30%; Rest of the World 5%

Major players in the target acquisition systems market include companies, such as Hensoldt (Germany), Elbit Systems (Israel), Israel Aerospace Industries (Israel), Aselsan A.S. (Turkey), Rheinmetall AG (Germany), BAE Systems (UK), and Leonardo (Italy), and Raytheon Company (US), among others.

Research Coverage
This market study covers the target acquisition systems market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, such as sub-system, platform, end-use, range, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to Buy this Report
This report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall target acquisition systems market and its subsegments. This study will provide region wise information about platforms having a high demand for target acquisition systems. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. This report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, challenges, and opportunities.


Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Regional Scope
1.2.3 Years Considered for the Study
1.3 Currency & Pricing
1.4 Limitations
1.5 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.2 Market Definition & Scope
2.2.1 Segment Definitions
2.2.1.1 Target Acquisition Systems Market, By Sub-System
2.2.1.2 Target Acquisition Systems Market, By Platform
2.2.1.3 Target Acquisition Systems Market, By End-Use
2.2.1.4 Target Acquisition Systems Market, By Range
2.2.2 Exclusions
2.2.3 Primary Data
2.2.3.1 Key Data From Primary Sources
2.2.3.2 Breakdown of Primaries
2.3 Research Approach & Methodology
2.3.1 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.4.1 Market Sizing & Forecasting
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Target Acquisition Systems Market
4.2 Land Target Acquisition Systems Market, By Application
4.3 Airborne Target Acquisition Systems Market, By Application
4.4 Target Acquisition Systems Market, By Range
4.5 Military Target Acquisition Systems Market, By Application
4.6 Target Acquisition Systems Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advancements in Automatic Weapon Systems
5.2.1.2 Ongoing Military Modernization Programs Worldwide
5.2.1.3 Adoption of Tas-Supported Equipment By Military Forces
5.2.1.4 Increasing Defense Expenditure of Countries
5.2.1.5 Increasing Demand for Autonomy in Weapon Systems
5.2.1.6 Rise in Demand for Artillery Systems By Military Forces
5.2.2 Opportunities
5.2.2.1 Increased R&D Investments for Technological Advancements in Defense Operations
5.2.3 Challenges
5.2.3.1 Complexity and High Operational Cost
5.2.3.2 Integration of Automatic Weapon Systems With A Wide Range of Platforms
5.2.3.3 Extreme Weather Conditions Hamper the Accuracy of Target Acquisition Systems
5.2.3.4 Regulatory Challenges for Sales to Overseas Countries
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Integrated Weapon Systems
6.2.2 Trajectory Correction Systems (TCS)
6.2.3 Advancements in Low-Light Optics, Thermal Vision & Image Intensification
6.2.4 Squad Binocular Night Vision Goggles
6.2.5 Long-Range Observation, Target Acquisition & Laser Designation System
6.2.6 Next-Generation Electro-Optical Laser Target Locator
6.2.7 Adoption of Artificial Intelligence (AI)/Automatic Target Recognition (ATR) Technology for Improved Situational Awareness
6.2.8 Big Data Analytics
6.3 Innovations & Patents Registrations
7 Target Acquisition Systems Market, By Sub-System
7.1 Introduction
7.2 Cameras
7.2.1 Advancement in Integrating Situational Awareness Applications With Cameras
7.3 Scopes & Sights
7.3.1 Image Intensifiers Integrated With Nextgen Scopes for All-Weather Target Acquisition
7.4 Detecting & Locating Systems
7.4.1 Increased Need for Firing Accuracy Expected to Drive the Growth of Target Acquisition Systems Market
7.5 Modules
7.5.1 Increased Need for Real-Time Situational Awareness is Expected to Drive the Growth of Modules
7.6 Add-On Systems
7.6.1 Increasing Need for Additional Systems to Enhance Target Acquisition
7.7 Others
8 Target Acquisition Systems Market, By Platform
8.1 Introduction
8.2 Land
8.2.1 Armored Vehicles
8.2.1.1 Increasing Demand for Surveillance Vehicles is Expected to Drive Demand for Vehicle-Based Target Acquisition Systems Market
8.2.2 Man-Portable Systems
8.2.2.1 Increasing Internal and External Security Threats is Expected to Increase the Demand for Man-Portable Target Acquisition Systems
8.2.3 Infantry Soldiers
8.2.3.1 Increasing Demand for Intelligence, Surveillance and Reconnaissance (ISR) Applications
8.2.4 Surveillance Towers
8.2.4.1 Increasing Need for Autonomous Border Surveillance Will Drive the Market for Target Acquisition Systems
8.3 Naval
8.3.1 Combat Ships
8.3.1.1 Increasing Naval Warfare to Drive Target Acquisition Systems for Combat Ships
8.3.2 Submarines
8.3.2.1 Increasing Investments in Maritime Security and Enhancement of Naval Capabilities
8.3.3 Unmanned Surface Vehicles (USV)
8.3.3.1 Rising Demand for Maritime Security for Protection of Shallow Waters & Ports
8.4 Airborne
8.4.1 Combat Aircraft
8.4.1.1 Increasing Number of Procurements for Combat Aircraft in the Us, Europe, and the Asia Pacific
8.4.2 Unmanned Aerial Vehicles (UAV)
8.4.2.1 Increasing Use in Various Military Applications is Expected to Drive the Target Acquisition Systems Market for UAVs
8.4.3 Aerostats/Balloons
8.4.3.1 Increasing Need for Border Surveillance Due to Border Disputes and Drug Trafficking
9 Target Acquisition Systems Market, By End-Use
9.1 Introduction
9.2 Military
9.2.1 Intelligence, Surveillance & Reconnaissance (ISR)
9.2.1.1 Demand for Unmanned Systems for Surveillance
9.2.2 Weapon Targeting
9.2.2.1 Demand for Accurate Location of Enemies
9.3 Homeland Security
9.3.1 Border Security
9.3.1.1 Increasing Illegal Immigration Will Drive Border Security Market
9.3.2 Coastal & Maritime Surveillance
9.3.2.1 Increasing Demand for Coastal Protection is Expected to Drive the Coastal & Maritime Surveillance Market
9.3.3 Search & Rescue
9.3.3.1 Advancement in EO/IR Technology is Expected to Drive the Search & Rescue Market
9.3.4 Critical Infrastructure
9.3.4.1 Increasing Terrorist Threats and Biohazard Attacks
10 Target Acquisition Systems Market, By Range
10.1 Introduction
10.2 Long Range Target Acquisition Systems
10.2.1 Increasing Threats From Intercontinental Ballistic Missiles Across the Globe
10.3 Medium Range Target Acquisition Systems
10.3.1 Medium Range Systems are Extensively Used in Warzone for Aiming at the Target With Maximum Accuracy
10.4 Short Range Target Acquisition Systems
10.4.1 Increasing Focus of Air and Surface Targets
11 Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Increasing Procurement of Target Acquisition Systems in the Country is Driving the Growth of the Market
11.2.2 Canada
11.2.2.1 High Focus on Modernization of Weapon Systems Expected to Drive the Market for Target Acquisition Systems in Canada
11.3 Europe
11.3.1 UK
11.3.1.1 Upgradation of Its Warrior Infantry Fighting Vehicles is Driving the Growth of Target Acquisition Systems Market in the UK
11.3.2 Russia
11.3.2.1 Tensions With Ukraine and Other Nato Countries and Procurement of Military Equipment
11.3.3 France
11.3.3.1 Increasing Demand for Equipment for Special Forces is Expected to Drive the Growth of the Target Acquisition Systems Market in France
11.3.4 Italy
11.3.4.1 Increasing Defense Procurements and Launch of Various Programs
11.3.5 Germany
11.3.5.1 Government Initiatives for Procurement of Armored Vehicles is Expected to Drive the Market in Germany
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Increasing Focus on Modernization of Automation Weapons and Research and Development for Military
11.4.2 Japan
11.4.2.1 High-End Indigenous Military Technologies, Drives the Market of Target Acquisition Systems in Japan
11.4.3 India
11.4.3.1 Increasing Instances of Terrorist Strikes, Border Disputes, And Sensitive Multi-Cultural Issues
11.4.4 South Korea
11.4.4.1 Soldiers Modernization Programs, Addition of Advanced Armored Vehicles, and Conflict With North Korea
11.4.5 Rest of Asia Pacific
11.5 Middle East
11.5.1 Israel
11.5.1.1 Israeli Government Invests Significantly to Enhance Its Military Strength to Defend Its Territories Threats
11.5.2 Saudi Arabia
11.5.2.1 Increasing Military Expenditure and Tensions Between Neighboring Countries
11.5.3 Rest of Middle East
11.6 Rest of the World
11.6.1 Africa
11.6.1.1 Rising Concerns Regarding Terrorism are Expected to Drive the Growth of the Target Acquisition Systems Market in Africa
11.6.2 South America
11.6.2.1 Increasing the Procurements of Locating & Targeting Systems is Expected to Drive the Target Acquisition Systems Market in Latin America.
12 Competitive Landscape
12.1 Introduction
12.2 Competitive Scenario
12.3 Major Players, 2018
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Innovators
12.4.3 Dynamic Differentiators
12.4.4 Emerging Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Contracts
12.5.3 Partnerships & Agreements
13 Company Profiles
13.1 Aselsan A.S.
13.2 Bae Systems PLC
13.3 Elbit Systems Ltd.
13.4 Hensoldt
13.5 Instro Precision Limited
13.6 Israel Aerospace Industries
13.7 Wuhan Joho Technology Co. Ltd.
13.8 Kearfott Corporation
13.9 Leonardo
13.10 Lockheed Martin Corporation
13.11 Raytheon
13.12 Rheinmetall AG
13.13 Safran Group
13.14 Thales
13.15 Iacit
14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Available Customization
14.4 Related Reports
14.5 Author Details
List of Tables
Table 1 USD Exchange Rates
Table 2 Procurement Plans for Artillery Systems, By Country, 2013–2020
Table 3 Effect of Weather on Air Defense Operations & Artillery Operations
Table 4 Innovations & Patent Registrations, 2013-2018
Table 5 Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 6 Cameras Market Size, By Region, 2017–2024 (USD Million)
Table 7 Scopes & Sights Market Size, By Region, 2017–2024 (USD Million)
Table 8 Detecting & Locating Systems Market Size, By Region, 2017–2024 (USD Million)
Table 9 Modules Market Size, By Region, 2017–2024 (USD Million)
Table 10 Add-On Systems Market Size, By Region, 2017–2024 (USD Million)
Table 11 Other Sub-Systems Market Size, By Region, 2017–2024 (USD Million)
Table 12 Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 13 Land Target Acquisition Systems Market Size, By Application, 2017–2024 (USD Million)
Table 14 Land Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 15 Naval Target Acquisition Systems Market Size, By Application, 2017–2024 (USD Million)
Table 16 Naval Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 17 Airborne Target Acquisition Systems Market Size, By Application, 2017–2024 (USD Million)
Table 18 Airborne Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 19 Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 20 Target Acquisition Systems Market for Military, By Application, 2017–2024 (USD Million)
Table 21 Military Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 22 Target Acquisition Systems Market for Homeland Security, By Application, 2017–2024 (USD Million)
Table 23 Homeland Security Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 24 Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 25 Long Range Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 26 Medium Range Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 27 Short Range Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 28 Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 29 North America Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 30 North America Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 31 North America Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 32 North America Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 33 North America Target Acquisition Systems Market Size, By Country, 2017–2024 (USD Million)
Table 34 US Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 35 US Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 36 Canada Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 37 Canada Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 38 Europe Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 39 Europe Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 40 Europe Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 41 Europe Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 42 Europe Target Acquisition Systems Market Size, By Country, 2017–2024 (USD Million)
Table 43 UK Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 44 UK Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 45 Russia Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 46 Russia Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 47 France Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 48 France Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 49 Italy Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 50 Italy Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 51 Germany Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 52 Germany Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 53 Rest of Europe Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 54 Rest of Europe Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 55 Asia Pacific Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 56 Asia Pacific Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 57 Asia Pacific Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 58 Asia Pacific Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 59 Asia Pacific Target Acquisition Systems Market Size, By Country, 2017–2024 (USD Million)
Table 60 China Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 61 China Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 62 Japan Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 63 Japan Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 64 India Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 65 India Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 66 South Korea Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 67 South Korea Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 68 Rest of Asia Pacific Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 69 Rest of Asia Pacific Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 70 Middle East Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 71 Middle East Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 72 Middle East Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 73 Middle East Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 74 Middle East Target Acquisition Systems Market Size, By Country, 2017–2024 (USD Million)
Table 75 Israel Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 76 Israel Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 77 Saudi Arabia Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 78 Saudi Arabia Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 79 Rest of the Middle East Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 80 Rest of the Middle East Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 81 Rest of the World Target Acquisition Systems Market Size, By Sub-System, 2017–2024 (USD Million)
Table 82 Rest of the World Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 83 Rest of the World Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 84 Rest of the World Target Acquisition Systems Market Size, By Range, 2017–2024 (USD Million)
Table 85 Rest of the World Target Acquisition Systems Market Size, By Region, 2017–2024 (USD Million)
Table 86 Africa Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 87 Africa Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 88 South America Target Acquisition Systems Market Size, By End Use, 2017–2024 (USD Million)
Table 89 South America Target Acquisition Systems Market Size, By Platform, 2017–2024 (USD Million)
Table 90 New Product Launches, 2018
Table 91 Contracts, December 2015–February 2019
Table 92 Partnerships & Agreements, 2018
Table 93 Bae Systems PLC: Company Snapshot
List of Figures
Figure 1 Research Flow
Figure 2 Target Acquisition Systems Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Land Segment Projected to Lead Target Acquisition Systems Market From 2019 to 2024
Figure 9 Military Segment Projected to Lead Target Acquisition Systems Market From 2019 to 2024
Figure 10 Detecting & Locating Systems Segment Projected to Lead Target Acquisition Systems Market From 2019 to 2024
Figure 11 North America is Projected to Lead Target Acquisition Systems Market From 2019 to 2024
Figure 12 Rising Demand for Border Surveillance and Ongoing Military Modernization Programs are Some of the Major Factors Driving the Target Acquisition Systems Market
Figure 13 Armored Vehicles Segment Expected to Lead Land Target Acquisition Systems Market From 2019 to 2024
Figure 14 Combat Aircraft Segment Expected to Lead Airborne Target Acquisition Systems Market From 2019 to 2024
Figure 15 Medium Range (8–250 Km) Segment Expected to Lead Target Acquisition Systems Market During Forecast Period
Figure 16 Intelligence, Surveillance & Reconnaissance Segment Expected to Lead Military Target Acquisition Systems Market From 2019 to 2024
Figure 17 The Asia Pacific Expected to Lead Target Acquisition Systems Market During the Forecast Period
Figure 18 Target Acquisition Systems Market: Drivers, Opportunities & Challenges
Figure 19 Defense Spending of Countries, 2012–2045 (USD Billion)
Figure 20 Development of Autonomy in Weapon Systems: Frequency of Weapon Systems Compared With Unarmed Systems, Field of Use & Status of Development
Figure 21 Autonomous Functions in Existing Military Systems, By Capability Area
Figure 22 Artillery Systems Market (2016–2022), USD Billion
Figure 23 The Detecting & Locating Systems Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 24 The Naval Based Target Acquisition Systems Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 25 The Military Target Acquisition Systems Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 26 The Short Range Target Acquisition Systems Segment is Projected to Grow at the Highest CAGR During Forecast Period
Figure 27 Target Acquisition Systems Market Snapshot
Figure 28 North America Target Acquisition Systems Market Snapshot
Figure 29 Europe Target Acquisition Systems Market Snapshot
Figure 30 Asia Pacific Target Acquisition Systems Market Snapshot
Figure 31 Middle East Target Acquisition Systems Market Snapshot
Figure 32 Companies Adopted Contracts as Key Growth Strategy From April 2013 to February 2019
Figure 33 Key Players in Target Acquisition Systems Market, 2018
Figure 34 Target Acquisition Systems Market Competitive Leadership Mapping, 2018
Figure 35 Aselsan: Company Snapshot
Figure 36 Elbit Systems Ltd.: Company Snapshot
Figure 37 Israel Aerospace Industries: Company Snapshot
Figure 38 Leonardo: Company Snapshot
Figure 39 Lockheed Martin Corporation: Company Snapshot
Figure 40 Raytheon: Company Snapshot
Figure 41 Rheinmetall AG: Company Snapshot
Figure 42 Safran: Company Snapshot
Figure 43 Thales Group: Company Snapshot

Executive Summary

Companies Mentioned

  • Aselsan A.S.
  • BAE Systems PLC
  • Elbit Systems Ltd.
  • Hensoldt
  • Iacit
  • Instro Precision Limited
  • Israel Aerospace Industries
  • Kearfott Corporation
  • Leonardo
  • Lockheed Martin Corporation
  • Raytheon
  • Rheinmetall AG
  • Safran Group
  • Thales
  • Wuhan Joho Technology Co. Ltd.

Table Information

Report AttributeDetails
No. of Pages148
PublishedMay 2019
Forecast Period2019 - 2024
Estimated Market Value ( USD ) in 2019 $ 11.9 billion
Forecasted Market Value ( USD ) by 2024 $ 15.5 billion
Compound Annual Growth Rate5.4%
Regions CoveredGlobal
No. of Companies Mentioned15

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