What is the current Target Acquisition Systems Market size?

The Target Acquisition Systems Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029) Read More

Who are the key players in Target Acquisition Systems Market?

Elbit Systems Ltd, Leonardo SpA, Safran SA, Thales Group and Raytheon Technologies Corporation are the major companies operating in the Target Acquisition Systems Market. Read More

Which is the fastest growing region in Target Acquisition Systems Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Target Acquisition Systems Market?

In 2024, the North America accounts for the largest market share in Target Acquisition Systems Market. Read More

What years does this Target Acquisition Systems Market cover?

The report covers the Target Acquisition Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Target Acquisition Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Target Acquisition Systems Market - Share, Size & Revenue

Target Acquisition Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Target Acquisition Systems Market Analysis and it is Segmented by Platform (Land, Airborne, and Naval) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Target Acquisition Systems Industry Overview

Some of the prominent players in the target acquisition systems market are Elbit Systems Ltd, Leonardo SpA, Raytheon Technologies Corporation, Safran SA, and Thales Group, among others. The defense manufacturing industry is highly competitive, and with the evolving global battlefield environment, companies must align their product portfolios to the evolving requirements of end users. In order to gain long-term contracts and enhance the market share, players are investing significantly in the R&D of sophisticated product offerings. Furthermore, continuous R&D has been fostering the technological advancements in platforms and associated products and solutions of the active players in the target acquisition systems market. For instance, in June 2020, Thales unveiled the Sophie Optima Long Range handheld targeting system, the latest addition to its Sophie family of systems. According to the company, the new member of the Thales targeting binoculars portfolio offers better ergonomics, size, weight, and power (SWaP) characteristics, and superior performance. Such developments are expected to help the growth of the players during the forecast period.