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.
|Value (USD Million)
|Key Companies Profiled
|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)
This growth is primarily driven by Increasing Defense Expenditure of Countries, Rise in Demand for Artillery System by Military Forces, Ongoing Military Modernization Program around the Globe and Growing Demand for Autonomy in Weapon Systems.
Globally, a noticeable market trend is evident Integrated Weapon Systems and Trajectory Correction Systems (TCS) are in Trend
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Target Acquisition System market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
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.
Integrated Weapon Systems and Trajectory Correction Systems (TCS) are in Trend, Squad Binocular Night Vision Goggles and Next Generation Electro Optical Laser Target Locator
Market Growth Drivers:
Increasing Defense Expenditure of Countries, Rise in Demand for Artillery System by Military Forces, Ongoing Military Modernization Program around the Globe and Growing Demand for Autonomy in Weapon Systems
Integration of Automatic Weapon System With A Wide Range of Platform and Accuracy of Target Acquisition System is Hampered In Extreme Weather Condition
High Cost Associated With Target Acquisition System
Increased R&D Investment for Technological Advancements in Defense Operation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Target Acquisition System Market
- Analysis about New Entrants in Target Acquisition System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Target Acquisition System Study Sheds Light on
The Target Acquisition System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Target Acquisition System industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Target Acquisition System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.