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
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Global Targeting Pods Market valued approximately USD 3.1 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2017-2025. Rise in terrorist activities across the globe and growing adoption of targeting pods by developing countries have boosted the market. These devices provide users with enhanced security and targeting capabilities. Rising interest of targeting pod companies in gaining a significant share in the defense market in regions such as Middle East is expected to drive the adoption of targeting pods. For instance, Raytheon Company formed a new subsidiary named Raytheon Emirates with an aim to enhance its position in the UAE defense market. Additionally, presence of prominent targeting pod providers such as Israel Aerospace Industries Ltd. is driving market growth in the region.
The Asia Pacific market is expected to witness considerable growth owing to increasing need for public safety. Development activities undertaken by defense organizations in countries such as India is also leading to the growth of the market. Additionally, increased defense budgets of developing countries in the region is boosting the market. However, decreased defense expenditure in developed countries may hamper market growth. Additionally, high costs of development and maintenance of targeting pods are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other markets such as naval and defense.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
By Regions:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include 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. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Targeting Pods Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
The Research Methodology for Global Targeting Pods Market Study deeply focuses on the entire value chain of the market. However, all of the statistical estimates are purely based on the consumption/implementation side of the value chain wherein the market sizes have been calculated by analyzing the prices i.e. sale price or cost prices along with the average demand/ procedures/usage/ deployment/execution of Targeting Pods across various industries / end-use/applications.
The whole Targeting Pods industry has been divided into various segments i.e. Type, Component, Fit, Platform and Regions and each of which is studied as an individual study by our research analysts and consultants. Each of the subsegments has been analyzed and estimated at country level to form a regional scope. After finalizing the regional and segmental revenues the total revenue for Global Targeting Pods Market is calculated as a sum of all the different segments.
Some of the key data points considered under the Research Methodology to calculate the revenue for Global Targeting Pods Market includes:
- Revenues from key companies
- Company market share analysis
- Consumer spending analysis
- Regional export and import analysis
- Regulatory Trends
- Sales revenue generated by various products/applications in different countries/geographies
The Research Methodology starts with extensive data mining, using paid & free authentic information sources such as white papers, industry journals, trade magazines, Hoovers, Factiva, Statista, news websites, technical publications, independent studies etc. a team of dedicated research analysts and associates work on all of the gathered data to extract relevant information. Key factors such as ongoing & upcoming industry trends, external & internal driving factors, restraining factors, growth opportunities and value chain analysis have been verified in order form qualitative part of the report and to back the estimation team for quantitative analysis.
We utilize a combination of top-down and bottom-up methodology for industry estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the estimates and forecasts through primary interviews and feedbacks. An extensive primary and secondary research have been conducted with the key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify industry trends and estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.
All of the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from another. These models are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts. Both the types are used collectively in order to derive market estimates for the base year as well as for forecast period.