In terms of revenue, the global ballistic targeting system software market stood at around US$ 18.97 Mn in 2018 and is anticipated to reach around US$ 27.75 Mn by 2027, expanding at a CAGR of over 4% during the forecast period. Ballistics deals with the study of projectile motion undertaken by ammunition from various weapons. Dedicated software is provided by companies that are focused on enhancing the aiming/targeting capabilities of the shooters.
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Calvin Hooker Goddard is referred to as the father of ballistics owing to the advancements in the technology put forth by him along with his foray into forensic pathology. The research and development commenced in order to improve the effectiveness of weapons has led weapon manufacturers and end users to look for alternatives to traditional approaches. Companies are willing to invest towards enhancing accuracy of ballistic weapons used in hunting and security applications. Accessories in weapons include iron sights, LASER sights, and other allied systems. Even though rigid sights are provided in weapons nowadays, there is a requirement for support from a digital solution for higher accuracy. Players active in ballistic targeting system software market provide solutions for windows, Mac and mobile devices and for equipment that aims to improve targeting.
The users for ballistic targeting system software include military personnel, professional shooters as well as recreational users. Professional shooters demand equipment that are high in accuracy and which could shoot a moving target efficiently. Military organizations expect the very best in terms of technology for their personnel since any lapses in operations may raise major concerns. As a result, military organizations look for the most optimal solutions that could help their shooters in strategizing their approach to various shooting conditions. However, the advent of free and open-source software for ballistic targeting is expected to limit the growth of the ballistic targeting system software market. In order to cope with these challenges, market participants are expected to market dedicated software made for individual users, teams, and associations.
The report provides both, qualitative and quantitative research on ballistic targeting system software market, as well as provides comprehensive insights and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specifications.
Some of the major players operating in the global ballistic targeting system software market are Applied Ballistics, Kennedy Development, LLC, Horus Vision Reticle Technologies, Lex Talus Corporation, Nikon Inc., Patagonia Ballistics, Recreational Software, Inc., Sierra Bullets, SITELITE Mag Laser, and SWAROVSKI OPTIK amongst others.
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Global Ballistic Targeting System Software Market-
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By Type
Application for Managing Applied Ballistic Embedded Devices
Stand Alone Application for Firing Solution
By Device Type
Mobile
Desktop
Embedded Device
By End User
Professional Shooters
Military Service
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Application for Managing Applied Ballistic Embedded Devices
Stand Alone Application for Firing Solution
Mobile
Desktop
Embedded Device
Professional Shooters
Military Service
Others
North America
Europe
Asia Pacific
Middle East & Africa
Latin America