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Naval Target Acquisition Systems Market by Sub System, by Platform, Mid-Range and Long Range : Global Opportunity Analysis and Industry Forecast, 2020–2027
NEW CASTLE, DELAWARE, UNITED STATES, October 4, 2023 /EINPresswire.com/ — Target acquisition systems are multi-use weapon systems that are used for identification, location & detection of the target to permit the effective employment of lethal & non-lethal weapons. Target includes a wide array of resource 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. Target acquisition system can be categorized into land, airborne, and naval target acquisition system. Naval target acquisition system is a detection, tracking, identification, threat evaluation, and weapon assignment system, which is designed to use against high-speed, small cross-section targets which approach the ship either from over-the-horizon at very low altitudes or from very high altitudes at near vertical angles.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/11666
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
• Due to COVID-19 situation, the research & development in naval target acquisition system industries across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
• Production rate of naval target acquisition system has been hampered due to COVID-19 pandemic.
• Supply chain of spare parts of naval target acquisition systems has also been negatively affected due to temporarily closing down of several defense industries.
• There will be considerable rise in demand in global naval target acquisition system market in near future as world is moving toward normalcy.
• Post COVID-19, the naval target acquisition system market can see a significant growth as several countries have either already ordered or planning to procure such systems for their forces.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/11666
𝐓𝐨𝐩 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬: 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐝𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐢𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Advancements in automatic weapons, increasing defense expenditure of countries, rising demand for maritime security, and ongoing military modernization programs worldwide are some of the major factors that drive the global naval target acquisition systems market. However, the high operational cost of target acquisition systems is hampering the growth of the naval 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 contribute further in the growth of the global naval target acquisition systems market.
𝐑𝐢𝐬𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐦𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲
Naval forces face several challenges in maritime security such as human trafficking, drugs supply, terrorism etc. Such threats increase the importance of maritime security. Therefore, in such kind of situation, the naval target acquisition systems help the naval troops by providing the intelligence, and improving the efficiency of weapons. Hence, the demand for naval target acquisition systems is also increasing. For instance, in December 2018, USA navy signed the contract of worth 40 million USD with Raytheon (a defense contractor company) for repair of the multi spectral targeting systems of the H-60 aircraft. Hence, the rising demand for maritime security is driving the global naval target acquisition systems market.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/naval-target-acquisition-systems-market/purchase-options
𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
• This study presents the analytical depiction of the global naval 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 naval target acquisition systems market share.
• The current market is quantitatively analysed to highlight the global naval 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 naval target acquisition systems market analysis based on competitive intensity and how the competition will take shape in coming years.
𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐚𝐯𝐚𝐥 𝐭𝐚𝐫𝐠𝐞𝐭 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:
• Which are the leading market players active in the global naval target acquisition systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
David Correa
Allied Market Research
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