Target Acquisition Systems Market worth $15.5 billion by 2024 - PowerPoint PPT Presentation

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Target Acquisition Systems Market worth $15.5 billion by 2024

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The global 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. – PowerPoint PPT presentation

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Title: Target Acquisition Systems Market worth $15.5 billion by 2024


1
Target Acquisition Systems Market worth 15.5
billion by 2024
According to the new market research report
Target Acquisition Systems Market by Subsystem
(Cameras, Scopes Sights, Detecting Locating
Systems, Modules), Platform (Land,
Airborne, Naval), End Use (Military,
Homeland Range, and
Security), Region
  • Global Forecast to 2024?, The global 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. This growth can be attributed to the
    advancements in automatic weapons, increasing
    defense expenditure of countries, and rise in
    demand for
  • artillery systems by military forces, and ongoing
    military modernization programs worldwide.
  • Browse 93 market data Tables and 43 Figures
    spread through 147 Pages and in- depth TOC on
    Target Acquisition Systems Market Global
    Forecast to 2024
  • View detailed Table of Content _at_
  • https//www.marketsandmarkets.com/Market-Reports/t
    arget-acquisition-system- market-89317342.html
  • Based on platform, the land segment is expected
    to lead the target acquisition systems market
    during the forecast period.
  • Based on platform, the target acquisition systems
    market is projected to be led by the land
    segment from 2019 to 2024. Target acquisition
    systems bolster the defense capabilities of land
    platforms and provide greater safety to soldiers
    during war and anti- terrorist operations.
    Countries such as the US, Russia, China, Saudi
    Arabia, and India have increased their defense
    expenditure, and the expansion of military
    capabilities by emerging nations have
    accelerated the demand for target acquisition
    systems for different classes of armored
    vehicles.

2
Download PDF Brochure _at_ https//www.marketsandmar
kets.com/pdfdownloadNew.asp?id89317342 The
military segment is expected to lead the target
acquisition systems market during the forecast
period. Based on end use, the military segment
of the target acquisition systems market is
projected to lead from 2019 to 2024. This growth
can be attributed to the ongoing military
modernization programs worldwide, adoption of
target acquisition systems by military forces,
and increasing defense expenditure of countries
globally. The detecting locating systems
segment is expected to lead the target
acquisition systems market during the forecast
period. Based on sub-system, the detecting
locating systems segment is projected to lead the
target acquisition systems market from 2019 to
2024. This growth of this segment can be
attributed to the increase in demand for advanced
laser rangefinders, laser target designators,
and target acquisition radars/tracking radars,
among others for various platforms, such as
land, airborne, and naval. North America is
expected to lead the market for target
acquisition systems during the forecast
period. The target acquisition systems market in
North America is expected to witness substantial
growth during the forecast period due to the high
demand for target acquisition systems from the
US Department of Defense. Target acquisition
systems are integrated into larger advanced
platforms for enhanced target acquisition and
firing. Advanced target acquisition systems are
manufactured mainly by the US defense companies,
such as Lockheed Martin Corporation (US) and
Raytheon Company (US). Key Market Players Major
players operating in the target acquisition
systems market include companies, such as
Hensoldt (Germany), Elbit Systems (Israel),
Israel Aerospace Industries (Israel), Aselsan
A.S. (Turkey), Rheinmetall (Germany), BAE Systems
(UK), and Leonardo (Italy), and Raytheon Company
(US). Dont miss out on business opportunities
in Target Acquisition Systems Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow. About
MarketsandMarkets MarketsandMarkets provides
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3
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