Target Acquisition Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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 Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Target Acquisition Systems Market Size

Target Acquisition Systems Market Overview
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 5.50 %
Fastest Growing Market North America
Largest Market North America

Major Players

Target Acquisition Systems Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Target Acquisition Systems Market with other markets in Aerospace & Defense Industry

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Target Acquisition Systems Market Analysis

The Target Acquisition Systems Market is expected to register a CAGR of greater than 5.5% during the forecast period.

The global military spending increased by 2.6% to reach USD 1981 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). Nevertheless, the defense spending may come down in the near future due to the global economic crisis triggered by the ongoing COVID-19 pandemic. This factor is expected to challenge the growth of the target acquisition systems market during the forecast period. The pandemic has resulted in few disruptions in the supply chains of major military vehicle and weapon system programs and has resulted in a reduction in production output. This has also negatively impacted the players in the related supply chains, like the target acquisition system providers.

The ever-increasing need to ensure national security against a variety of threats is forcing the militaries to modernize their military weapons and vehicle fleets with newer generation capabilities. This is driving them to procure new platforms featuring advanced target acquisition systems or to upgrade existing assets by integrating sophisticated sub-systems offering better target acquisition and designation capabilities. This factor is expected to drive the market growth in the years to come.

The ongoing advancements in automatic weapons systems and the increasing use of unmanned systems for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) purposes are expected to propel the growth of the target acquisition systems market during the forecast period.

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.

Target Acquisition Systems Market Leaders

  1. Elbit Systems Ltd

  2. Leonardo SpA

  3. Safran SA

  4. Thales Group

  5. Raytheon Technologies Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Elbit Systems Ltd, Leonardo SpA, Raytheon Technologies Corporation, Safran SA, and Thales Group
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Target Acquisition Systems Market News

In February 2021, Israel Aerospace Industries and Matrix Defense announced their partnership for an artificial intelligence center to develop automated target detection for future battlefields. The two companies will co-develop AI, machine learning (ML), and Big Data-driven solutions, which will be integrated into IAI's satellite and space systems, defense and attack systems, missiles, homing heads, electro-optical payloads, and additional systems.

In January 2021, Elbit Systems completed live demonstrations of its artificial intelligence-enabled target acquisition and fire support system HattoriX for several European militaries. The capability demonstrations focus on the system's targeting capabilities in urban and austere environments in both day and night, simulating a variety of operational scenarios.

In May 2019, Qinetiq Target Systems announced that it had received a USD 51 million contract to help develop a new unmanned aerial system for the Canadian armed forces. Once operational, the system will be used for intelligence, surveillance, target acquisition, and reconnaissance missions.

In September 2021, General Atomics' electromagnetics systems business has signed a cooperative research and development agreement with the U.S. Army to develop sensors for acquiring and tracking targets. The partnership with the Army Combat Capabilities Development Command's Aviation and Missile Center aims to build sensing tools and algorithms to extend the range of missile and weapon systems when deployed in anti-access and area-denial environments

Target Acquisition Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD billion)

  • 5.1 Platform
    • 5.1.1 Land
    • 5.1.2 Airborne
    • 5.1.3 Naval
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 France
    • 5.2.2.4 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 South Korea
    • 5.2.3.4 Rest of Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Rest of Latin America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 United Arab Emirates
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 Turkey
    • 5.2.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Aselsan AS
    • 6.2.2 BAE Systems PLC
    • 6.2.3 Elbit Systems Ltd
    • 6.2.4 Hensoldt
    • 6.2.5 Instro Precision Limited
    • 6.2.6 Israel Aerospace Industries
    • 6.2.7 Wuhan JOHO Technology Co. Ltd
    • 6.2.8 Leonardo SpA
    • 6.2.9 Lockheed Martin Corporation
    • 6.2.10 Raytheon Technologies Corporation
    • 6.2.11 Rheinmetall AG
    • 6.2.12 Safran SA
    • 6.2.13 Thales Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Target Acquisition Systems Industry Segmentation

Target acquisition systems are used by defense operators to detect and identify targets with enough detail to aid in the effective deployment of lethal and non-lethal means to neutralize a stationary or moving target. The target acquisition systems market is segmented by platform into the land, airborne, and naval platforms. The report also offers the market sizes and forecasts for the target acquisition systems market across the major regions in the world. For each segment, the market sizes and forecasts have been done based on value (USD billion).

Platform Land
Airborne
Naval
Geography North America United States
Canada
Europe Germany
United Kingdom
France
Rest of Europe
Asia-Pacific China
India
South Korea
Rest of Asia-Pacific
Latin America Brazil
Rest of Latin America
Middle-East and Africa United Arab Emirates
Saudi Arabia
Turkey
Rest of Middle-East and Africa
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Target Acquisition Systems Market Research FAQs

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 (2025-2030)

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.

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 (2025-2030).

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

In 2025, the North America accounts for the largest market share in Target Acquisition Systems Market.

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, 2023 and 2024. The report also forecasts the Target Acquisition Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Target Acquisition Systems Industry Report

Statistics for the 2025 Target Acquisition Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Target Acquisition Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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