The Target Acquisition Systems market is expected to register a CAGR of over 5% during the forecast period. As the need to ensure national security against a variety of threats continues to grow, global defense spending is increasing, either to procure new platforms with advanced target acquisition systems or to upgrade existing assets through the integration of these sophisticated systems to upgrade existing assets.
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Key Market Players
Major players in the target acquisition systems market include Rheinmetall (Germany), BAE Systems (UK), Israel Aerospace Industries (Israel), Aselsan A.S. (Turkey), Elbit Systems (Israel), Hensoldt (Germany), Leonardo (Italy), and Raytheon Company (US), among others. These players have adopted various growth strategies, such as contracts, agreements, and partnerships, to further expand their presence in the global target acquisition systems market.
Target Acquisition Systems Market- Segmentation
Based on Sub-system
• Cameras
• Scopes & Sights
• Detecting & Locating Systems:
• Modules
• Others
• Add-on Systems
Based on Platform
• Land
• Airborne
• Naval
Based on End Use
• Military
• Homeland Security
Based on Range
• Short Range (0–8 km)
• Medium Range (8–250 km)
• Long Range (Above 250 km)
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