Ballistic Targeting Software Market Trends and Forecast
The future of the global ballistic targeting software market looks promising with opportunities in the personal and commercial markets. The global ballistic targeting software market is expected to reach an estimated $32.5 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are rising adoption of integrated targeting solutions and growing demand for advanced precision in the military operations.
• Lucintel forecasts that on premise is expected to witness higher growth over the forecast period.
• Within this market, personal is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Ballistic Targeting Software Market
• United States: Several companies like Applied Ballistics and Sierra Bullets have announced new ballistic software versions with enhanced precision and integration capabilities. The US government aims to integrate advanced targeting systems across military branches to improve accuracy in long-range engagements.
• Germany: Rheinmetall AG has launched new ballistic software modules aimed at enhancing accuracy for German armed forces. The German government has set targets to modernize artillery systems with integrated targeting software by 2025.
• Russia: Kalashnikov Concern has developed advanced ballistic targeting software for the military and law enforcement applications. The Russian government plans to equip its armed forces with state-of-the-art targeting systems to bolster operational effectiveness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Ballistic Targeting Software Market by Segment
The study includes a forecast for the global ballistic targeting software market by type, application, and region.
Ballistic Targeting Software Market by Type [Value from 2018 to 2030]:
• On Premise
• Cloud Based
Ballistic Targeting Software Market by Application [Value from 2018 to 2030]:
• Personal
• Commercial
Ballistic Targeting Software Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Ballistic Targeting Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ballistic targeting software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ballistic targeting software companies profiled in this report include-
• Dexadine
• JBM Ballistics
• Lex Talus
• Shooter
• Sierra
• Strelok
• Applied Ballistics
• Isnipe
• Nosler Ballistics
• Patagonia Ballistics
Recent Development in the Ballistic Targeting Software Market
• Lockheed Martin: Lockheed Martin has advanced its ballistic targeting software by integrating AI-driven predictive analytics, enhancing precision and accuracy for the military and law enforcement applications. Their software now includes real-time wind mapping and trajectory adjustments based on atmospheric conditions.
• Northrop Grumman: Northrop Grumman has developed a next-generation ballistic targeting software suite that offers enhanced target tracking capabilities and interoperability with unmanned aerial systems (UAS). This software leverages machine learning algorithms to predict target movements and improve shooting accuracy in dynamic environments.
• Boeing Defense, Space & Security: BoeingÄX%$%Xs ballistic targeting software has been updated with augmented reality (AR) overlays, providing shooters with real-time tactical data visualization. This technology enhances situational awareness by overlaying target information and trajectory calculations onto the shooterÄX%$%Xs field of view through smart glasses or helmet-mounted displays.
• BAE Systems: BAE Systems has introduced a modular ballistic targeting software platform that supports customizable ballistic profiles for various firearms and ammunition types. This platform integrates with advanced optics and sensors, enabling precise long-range targeting solutions for military snipers and special operations forces.
• L3Harris Technologies: L3Harris Technologies has enhanced its ballistic targeting software with cloud-based data analytics capabilities, allowing users to access historical shooting data and perform predictive analysis for future engagements. This software also supports connectivity with IoT devices for real-time telemetry and performance monitoring during shooting exercises.
Features of the Global Ballistic Targeting Software Market
Market Size Estimates: Ballistic targeting software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ballistic targeting software market size by type, application, and region in terms of value ($B).
Regional Analysis: Ballistic targeting software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the ballistic targeting software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ballistic targeting software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the ballistic targeting software market size?
Answer: The global ballistic targeting software market is expected to reach an estimated $32.5 billion by 2030.
Q2. What is the growth forecast for ballistic targeting software market?
Answer: The global ballistic targeting software market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the ballistic targeting software market?
Answer: The major drivers for this market are rising adoption of integrated targeting solutions and growing demand for advanced precision in the military operations.
Q4. What are the major segments for ballistic targeting software market?
Answer: The future of the ballistic targeting software market looks promising with opportunities in the personal and commercial markets.
Q5. Who are the key ballistic targeting software market companies?
Answer: Some of the key ballistic targeting software companies are as follows:
• Dexadine
• JBM Ballistics
• Lex Talus
• Shooter
• Sierra
• Strelok
• Applied Ballistics
• Isnipe
• Nosler Ballistics
• Patagonia Ballistics
Q6. Which ballistic targeting software market segment will be the largest in future?
Answer: Lucintel forecasts that on premise is expected to witness higher growth over the forecast period.
Q7. In ballistic targeting software market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ballistic targeting software market by type (on premise and cloud based), application (personal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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