Target Acquisition Systems Market Report Scope & Overview:

The Target Acquisition Systems Market Size was valued at USD 14.08 billion in 2022 and is expected to reach USD 21.59 billion by 2030 with a growing CAGR of 5.49% over the forecast period 2023-2030.

Target acquisition systems are multi-purpose weapon systems that are used to identify, locate, and detect targets in order to employ lethal and non-lethal weapons effectively. An enemy commander can use a wide range of resources to conduct operations, including mobile and stationary units, forces, equipment, capabilities, facilities, people, and functions. Target acquisition, as opposed to surveillance on one and target tracking, is the process by which a weapon system decides which object to lock on to. Because of their increased use in intelligence, surveillance, and reconnaissance (ISR) missions, talent acquisition systems are in high demand. Target acquisition systems work in tandem with missile and bomb guidance mechanisms, as well as battlefield management systems. Advances in automatic weapons, increases in national defense spending, increased demand for artillery systems by military forces, and ongoing military modernization programs globally are some of the major factors predicted to drive the progress of the target acquisition systems market. The high operational cost of target acquisition systems, on the other hand, may limit the global target acquisition systems market's growth. Increasing investment in research and development (R&D) for the development of technologically advanced systems for defense applications, on the other hand, is an opportunity for the future.

Target Acquisition Systems Market Revenue Analysis

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  • Advancing technology

  • Automatic weapon

  • High budget


  • High Cost

  • Hamper growth

  • Bad weather condition


  • High revenue for the market player

  • Demand for artillery system

  • Investment in R&D sector


  • This is included in the final report.


Due to the nature of the COVID-19, the procurement industries targeted for research and development worldwide, have been disrupted due to announced closures and government restrictions on public gatherings. The production rate of the target acquisition system is disrupted due to the COVID-19 epidemic. The supply chain for the remaining parts of the talent acquisition programs has also been adversely affected by the temporary closure of a few defense industries.

There will be a huge increase in demand in the global targeted acquisition systems market soon as the world moves towards normalcy. After COVID-19, the target acquisition system market could see significant growth as several countries have already ordered or planned to purchase their own systems for such systems.

By Range

The short-range (0–8 km) segment is expected to grow at the fastest CAGR during the forecast period. The expansion of the short-range segment can be attributed to the increasing demand for short-range target acquisition systems with higher accuracy than long-range artillery systems.

By Platform

The naval segment of the target acquisition systems market is expected to grow at the fastest CAGR during the forecast period, based on the platform. The acquisition of widely used target acquisition systems, such as destroyers, corvettes, frigates, offshore patrol vessels, unmanned surface vessels, and amphibious ships, has contributed to the growth of this segment.

By End-use

The military segment of the target acquisition systems market is expected to grow at a faster CAGR during the forecast period than the homeland security segment. The increasing use of unmanned surveillance systems is expected to drive demand for target acquisition systems used in ISR applications. The United States makes a significant contribution to military modernization programmers, and companies look to the United States because it has a large defense budget.


By Platform

  • Land

  • Airborne

  • Naval

By Sub-systems

  • Cameras

  • Scopes & sights

  • Detecting & locating systems

  • Modules

  • others

By Range

  • Short range

  • Medium range

  • Long range

By End-use

  • Military

  • Homeland

  • Security

Target Acquisition Systems Market Segmentation Analysis

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Regional Analysis

The presence of prominent players and a large military budget are factors driving the target market's growth in North America. North America is expected to account for the majority of revenue over the forecast period. Furthermore, rising demand for target acquisition systems, particularly in the United States, is propelling the target market in this region forward. Asia Pacific is expected to account for the second-largest revenue share in the near future, followed by Europe, the Middle East and Africa, and Latin America. Increased defense budgets in countries such as India and China, as well as increased adoption of technologically advanced systems, are expected to drive growth in the target acquisition systems market over the next 10 years.


North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America


The Major players are Rheinmetall, BAE Systems, Israel Aerospace Industries, Aselsan A.S., Elbit Systems, Hensoldt, Leonardo, Raytheon Company, and Other Players

Elbit Systems-Company Financial Analysis

Target Acquisition Systems Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 14.08 Billion
Market Size by 2030 US$ 21.59 Billion
CAGR CAGR of 5.49% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Sub-Systems (Cameras, Scopes & Sights, Detecting & Locating Systems, Modules, Others)
• By End-Use (Military, Homeland Security)
• By Platform (Land, Airborne, Naval)
• By Range (Short Range, Medium Range, Long Range)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Rheinmetall, BAE Systems, Israel Aerospace Industries, Aselsan A.S., Elbit Systems, Hensoldt, Leonardo, and Raytheon Company, among others.
DRIVERS • Advancing technology
• Automatic weapon
• High budget
• Hamper growth
• Bad weather condition

Frequently Asked Questions

The market size of the Target Acquisition Systems Market was valued at USD 14.08 billion in 2022.

The growth rate of the Target Acquisition Systems Market is 5.49% over the forecast period 2023-2030.

The key players of the Target Acquisition Systems Market are Rheinmetall, BAE Systems, Israel Aerospace Industries, Aselsan A.S., Elbit Systems, Hensoldt, Leonardo, and Raytheon Company.

The Target Acquisition Systems Market is segmented into 3 types: By Range, By Platform, and By End-user.

North America region dominated the Target Acquisition Systems Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Target Acquisition Systems Market Segmentation, By Platform

8.1 Land

8.2 Airborne

8.3 Naval

9. Global Target Acquisition Systems Market Segmentation, By Sub-systems

9.1 Cameras

9.2 Scopes & sights

9.3 Detecting & locating systems

9.4 Modules

9.5 others

10. Global Target Acquisition Systems Market Segmentation, By Range

10.1 Short range

10.2 Medium range

10.3 Long range

11. Global Target Acquisition Systems Market Segmentation, By End-use

11.1 Military

11.2 Homeland

11.3 Security

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13. Company Profiles

13.1 Rheinmetall

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 BAE Systems

13.3 Israel Aerospace Industries

13.4 Aselsan A.S.

13.5 Elbit Systems

13.6 Hensoldt

13.7 Leonardo

13.8 Raytheon Company

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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