Scope of the Study
Target Acquisition refers to the identification, detection and location of the target with detailed information to permit effective weapon employment. The target here is an entity or object that is considered for possible engagement or other action. TAS provides long-range sensor and anti-armour which enables the soldiers to shape the battlefield at long range with tube launched, optically tracked, wireless guided missiles or directing the employment of other weapon systems to destroy those targets. Advancement in automation weapons and increasing defence expenditure of countries are the major factor driving the target acquisition system market.
The market study is being classified and major geographies with country level break-up.
BAE Systems (United Kingdom), Hensoldt (Germany), Leonardo (Italy), Raytheon Company (United States), Elbit Systems (Israel), Israel Aerospace Industries (Israel), Aselsan A.S. (Turkey), Rheinmetall AG (Germany), Lockheed Martin Corporation (United States), Safran Group (France) and Thales (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Instro Precision Limited (Netherlands), Wuhan Joho Technology Co. Ltd. (China) and Kearfott Corporation (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Target Acquisition System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Target Acquisition System market by Type, Application and Region.
On the basis of geography, the market of Target Acquisition System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by End Use, the sub-segment i.e. Military will boost the Target Acquisition System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform , the sub-segment i.e. Land will boost the Target Acquisition System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sub System, the sub-segment i.e. Cameras will boost the Target Acquisition System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Defense Expenditure of Countries
- Rise in Demand for Artillery System by Military Forces
- Ongoing Military Modernization Program around the Globe
- Growing Demand for Autonomy in Weapon Systems
- Integrated Weapon Systems and Trajectory Correction Systems (TCS) are in Trend
- Squad Binocular Night Vision Goggles
- Next Generation Electro Optical Laser Target Locator
- High Cost Associated With Target Acquisition System
- Increased R&D Investment for Technological Advancements in Defense Operation
- Integration of Automatic Weapon System With A Wide Range of Platform
- Accuracy of Target Acquisition System is Hampered In Extreme Weather Condition
Market Leaders and their expansionary development strategies
In February 2019, Hensoldt partnered with Electtronica, Indra, and Thales to develop a Medium Altitude Long Endurance (MALE) PROGRAM with a future-proof Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR) function.
In November 2018, Elbit Systems Israel-based international defence electronics company, launched a new Forward Observer system, HattoriX, which can acquire Category 1 (CAT-1) targets with a target location error of a few meters.
Key Target AudienceTarget Acquisition System Support Providers, Target Acquisition System Suppliers, Armed Forces and Defense Regulatory Bodies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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