Target Acquisition Systems

Target Acquisition Systems

Global Target Acquisition Systems Market to Reach US$22.2 Billion by 2030

The global market for Target Acquisition Systems estimated at US$16.5 Billion in the year 2023, is expected to reach US$22.2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2023-2030. Land Platform, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$13.8 Billion by the end of the analysis period. Growth in the Airborne Platform segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 4.0% CAGR

The Target Acquisition Systems market in the U.S. is estimated at US$4.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 4.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Target Acquisition Systems Market - Key Trends and Drivers Summarized

How Are Target Acquisition Systems Enhancing Military and Defense Operations?

Target acquisition systems are advanced military technologies used to detect, identify, and track targets in combat scenarios. These systems integrate a variety of sensors, imaging devices, and algorithms to provide accurate, real-time information to operators, enhancing precision and operational effectiveness. Commonly used in applications like surveillance, reconnaissance, air defense, and artillery guidance, target acquisition systems are essential in modern warfare, ensuring accurate target identification and engagement. As military forces globally invest in advanced defense capabilities, target acquisition systems have become critical in maintaining strategic superiority and operational readiness.

What Are the Key Segments in the Target Acquisition Systems Market?

Key platforms include land-based, airborne, and naval systems, with land-based systems holding the largest market share due to their extensive use in ground warfare, surveillance, and artillery operations. Technologies include electro-optical/infrared (EO/IR), radar, laser designation, and GPS guidance, with EO/IR systems leading the market owing to their versatility and effectiveness in all-weather and low-visibility conditions. End-users include military forces, homeland security agencies, and defense contractors, with military forces representing the dominant segment driven by the need for advanced battlefield capabilities.

How Are Target Acquisition Systems Integrated Across Military Applications?

In land-based operations, target acquisition systems are used in surveillance vehicles, armored combat vehicles, and artillery units to identify and engage enemy targets with high accuracy. In airborne applications, these systems support intelligence, surveillance, and reconnaissance (ISR) missions, enabling real-time detection and tracking of enemy aircraft, ground troops, and infrastructure. Naval forces utilize target acquisition systems for shipboard defense, anti-aircraft engagements, and missile guidance, enhancing maritime security and operational effectiveness. Additionally, these systems play a key role in unmanned aerial vehicles (UAVs) and drones, supporting remote surveillance, targeting, and strike missions with precision.

What Factors Are Driving the Growth in the Target Acquisition Systems Market?

The growth in the Target Acquisition Systems market is driven by several factors, including increasing defense spending, rising demand for advanced battlefield technologies, and advancements in sensor and imaging technologies. Innovations like AI-powered targeting, high-resolution EO/IR sensors, and integrated radar systems have supported broader applications in military operations, enhancing accuracy and situational awareness. The focus on modernizing defense forces, improving threat detection, and supporting strategic missions has further fueled demand, as target acquisition systems are integral to achieving tactical superiority. Additionally, geopolitical tensions, expanding UAV deployments, and investments in next-generation warfare capabilities have contributed to market growth, encouraging the deployment of advanced target acquisition systems across global defense forces.

SCOPE OF STUDY:

The report analyzes the Target Acquisition Systems market in terms of US$ Million by the following End-Use; Platform, and Geographic Regions/Countries:

Segments:
Platform (Land, Airborne, Naval); End-Use (Military, Homeland Security)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 34 Featured) -

• Alpha Design Technologies Pvt Ltd.
• Elbit Systems Ltd.
• Hensoldt AG
• Instro Precision Limited
• Israel Aerospace Industries Ltd.
• Monocrom SL
• Raytheon Missiles & Defense
• Rolta India Ltd.
• Safran S.A.
• Thales Group

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.