Airborne Target Acquisition Systems Market by Platform (Combat Aircraft, Unmanned Aerial Vehicles (UAV), and Aerostats) 2020-2027

Target acquisition systems are multi-use weapon systems used for identification, location, & detection of the target to permit the effective employment of lethal & non-lethal weapons. Target includes a wide array of resources that an enemy commander can use to conduct operations including mobile and stationary units, forces, equipment, capabilities, facilities, persons and functions. Target acquisition can be considered as the process of a weapon system to decide which object to lock on to, as opposed to surveillance on one and target tracking. Talent acquisition systems are in high demand due to their increased use in intelligence, surveillance & reconnaissance (ISR) missions. These systems also work parallel with the missile and bomb guidance mechanisms & battlefield management systems.

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Major Market Players:
Elbit Systems Ltd., BAE Systems, ASELSAN A.Ş., IAI, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, Safran, Rheinmetall AG, and INSTRO PRECISION

Advancements in automatic weapons, increasing defense expenditure of countries, increasing need of border surveillance, and ongoing military modernization programs worldwide are some of the major factors which drive the airborne target acquisition systems market. However, the high operational cost of target acquisition systems is a factor that is hampering the growth of the airborne target acquisition systems market. On the contrary, growing investment in the research & development (R&D) sector for the development of technologically advanced systems for defense applications is expected to further contribute in the growth of airborne target acquisition systems market.

Technological advancements in the airborne talent acquisition systems are contributing significantly in the growth of the global airborne target acquisition systems market. Such systems have high demand among several countries. For instance, in November 2018, Israel aerospace industries (IAI) signed a contract of worth 550 million USD from an Asia-Pacific country for the supply of its advanced Sky Capture air defense system (a type of command & control system for anti-aircraft artillery). Such systems are capable of destroy air threats precisely. Hence, advancements in automatic weapons will continue to contribute in the growth of the airborne talent acquisition market.

Key benefits of the report:
• This study presents the analytical depiction of the airborne target acquisition systems industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global airborne target acquisition systems market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global airborne target acquisition systems market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global airborne target acquisition systems market analysis based on competitive intensity and how the competition will take shape in coming years.

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