The Target Acquisition Systems Global Market Report 2023, provides comprehensive information on the target acquisition systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Target Acquisition Systems Global Market Report 2023, the market size is expected to grow from $12.97 billion in 2022 to $13.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global target acquisition systems market size is expected to reach $17.38 billion in 2027 at a CAGR of 5.9%.
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Technological advancements are a key trend gaining popularity in the target acquisition systems market. Major companies operating in the target acquisition systems market are focusing on developing new technologies to sustain their position in the market. For instance, in November 2020, Leonardo S.p.A., an Italy-based aerospace, defense, and security company, launched NOX, the latest uncooled handheld that represents the most advanced medium-range target acquisition technology. It is a portable target localizer that is small, light, and capable of giving optimal accuracy in all weather conditions. The system consists of a dual-day Full HD sensor and an uncooled infrared sensor. The optics use cutting-edge, high-resolution infrared technology and deliver superior outcomes. NOX employs a target marker to identify the target and records information on azimuth, elevation, and distance at the same time to calculate the target’s absolute position. To enhance optical performance and image processing techniques, including image stabilization and a thermal scanner function, it uses an e-Zoom.
The target acquisition systems market is segmented:
1) By Platform: Land, Airborne, Naval
2) By Sub System: Cameras, Scopes And Sights, Detecting And Locating Systems, Modules, Add-On Systems, Other Sub Systems
3) By Range Type: Short Range (0-8 Km), Medium Range (8-250 Km), Long Range (Above 250 Km)
4) By End Use: Military, Homeland Security
North America was the largest region in the target acquisition systems market in 2022.
The table of contents in TBRC’s target acquisition systems market report includes:
1. Executive Summary
2. Target Acquisition Systems Market Characteristics
3. Target Acquisition Systems Market Trends And Strategies
4. Target Acquisition Systems Market – Macro Economic Scenario
5. Target Acquisition Systems Market Size And Growth
…
27. Target Acquisition Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Target Acquisition Systems Market
29. Target Acquisition Systems Market Future Outlook and Potential Analysis
30. Appendix
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