Global Targeting Pods Market is valued USD 3.1 billion in 2016 is anticipated to grow USD 5.6 billion with the compounded annual growth of 6.70% over the forecast period 2018-2025.

New York 21 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Targeting Pods Market industry is poised to raise USD 5.6 billion by 2025. The growth of the market can be attributed to increasing military aircraft procurement as well as upgradation of existing aircraft across the world. The increasing military aircraft procurement by various countries has led to an increase in demand for aircraft payload-based targeting system, i.e. targeting pods for capability enhancement in precision targeting. The targeting pods market has been segmented based on type, component, platform, and fit. Based on type, the market has been further segmented into laser spot tracker, laser designator pods, FLIR pods, and FLIR & laser designator pods. The FLIR & laser designator pods segment is projected to lead the market during the forecast period. The increasing use of forward-looking infrared sensors, along with laser designators for targeting and surveillance, is driving the growth of the FLIR & laser designator pods segment.

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Global Targeting Pods Market Size study by Type (Flir & Laser Designator Pods, Laser Designator Pods, Flir Pods, Laser Spot Pods) by Component, by Fit (OEM Fit, Upgradation), by Platform (Combat Aircraft, Unmanned Aerial Vehicle, Attack Helicopter, Bomber) and by Regional Forecasts 2018-2025

The industry is seeming to be fairly competitive. Some of the leading market players Lockheed Martin, Aselsan, Thales Group, Raytheon Company, Northrop Grumman, L-3 Communications, Ultra Electronics, Israel Aerospace Industries, Moog, Flir System., QL Optik

and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Key findings of the study:

  • Europe accounted for the largest share of the targeting pods market in 2017, followed by Asia Pacific and North America.
  • Manufacturing a targeting pod that works optimally in bad weather and low light conditions is a challenge for the targeting pod providers.

Bizwit Research & Consulting LLP has considered following segments for the study:

By Type:

  • Flir & Laser Designator Pods
  • Laser Designator Pods
  • Flir Pods
  • Laser Spot Pods

By Component:

  • Flir Sensor
  • Charge Coupled Device Camera
  • Environmental Control Unit.
  • Moving Map System
  • Video Datalink
  • Processor
  • High Definition (HD) TV

By Fit:

  • OEM Fit
  • Upgradation

By Platform:

  • Combat Aircraft
  • Unmanned Aerial Vehicle
  • Attack Helicopter
  • Bomber

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

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