Targeting Pods Market

Targeting Pods Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Targeting Pods Market Research Report - Forecast to 2023
Global Targeting Pods Market by Type (FLIR & Laser Designator, Laser Spot Tracker), Component (FLIR
Sensor, CCD Camera, MMS, ECU, HD TV, Video Datalink), Platform (Combat Aircraft, Helicopters, UAV), Fit
(OEM Fit, Upgrade) & Region–Global Forecast till 2023
Targeting pods are an electronic device used by ground-attack aircraft for identifying targets and guiding Precision-Guided
Munitions (PGM), such as laser-guided bombs to those targets. This will benefit the air-to-ground attacks in autonomous or
cooperative mode, using integrated laser spot tracker and laser market. The increasing military aircraft procurement by
various countries has led to an increase in the demand for aircraft payload-based targeting system, which are targeting
pods, for capability enhancement in precision targeting. Therefore, significant investment has been made on the
development of the targeting pods design, which would witness a rapid growth during the forecast period. However, major
restraint of the market is the technical constraints of manufacturing targeting pods. To overcome the manufacturing issues,
the Russian Air Force made a breakthrough in manufacturing piezoelectric ceramic film strips, leading to a breakthrough in
building targeting pods.
The increased need for futuristic technologies, such as infrared technologies, thermally cooled infrared devices, and
forward-looking infrared technology, will enable the manufacturers to offer new growth opportunities for the market
players. The factors responsible for the growth of the globally targeting pods market are the increasing military aircraft
procurement and upgrades of existing aircraft across the world.
Recently, Northrop Grumman signed a contract with the U.S. military to modernize the latter’s advanced targeting systems.
These upgrades would improve the range and resolution capabilities of targeting pods. Similarly, Ultra Electronic Holdings
Plc signed a contract with the U.K Eurofighter Typhoon aircraft to provide airborne laser targeting pods.
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Targeting Pods Market Research Report - Forecast to 2023
Market Segmentation:
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Targeting Pods Market Research Report - Forecast to 2023
Segmentation
The globally targeting pods market has been segmented into type, component, platform, fit, and region. Based on type, the
FLIR & Laser designator pods segment is widely used and comprises the largest share in the market due to increasing use of
forward-looking infrared sensors, along with laser designators for targeting and surveillance. Based on the component
segment, the FLIR sensor segment is expected to have the largest demand in the targeting pods market during the forecast
period due to increased spending on aircraft with precision attack capabilities in low light conditions. Based on platform,
the combat aircraft segment has the largest demand in the targeting pods market due to the increased spending on
upgrading existing aircraft and new aircraft procurement programs, especially for precision ground attack capabilities.
Among fit segment, OEM has the largest demand in targeting pods market due to increased spending on airborne targeting
and laser designation systems.
Regional Analysis
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South
America. The Europe region is expected to dominate the market in the future, due to increased spending on advanced
airborne targeting systems by countries, such as the U.K, France, and Russia and the upgrades and procurement of targeting
pod-based aircraft. The reason for Russia’s dominance in the Europe targeting pods market can be attributed to the
country’s aircraft upgrades programs. Asia Pacific region is second to the European region in the global targeting pods
market due to the increasing need for public safety and increased defense budgets of developing countries. For instance,
Egypt has signed an agreement with Lockheed Martin to provide Low Altitude Navigation and Targeting Infrared for Night
(LANTIRN) navigation and targeting pod system that allows the host aircraft to fly at low altitudes, at night and under-theweather to attack ground targets with a variety of precision-guided weapons. The system comprises the AN/AAQ-13
navigation pod and AN/AAQ-14 targeting pod. Thus, the global targeting pods market is estimated to witness approximately
7% CAGR from 2018 to 2023.
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Targeting Pods Market Research Report - Forecast to 2023
Key Players
The key players in the global targeting pods market are Lockheed Martin (U.S.), Aselsan (Turkey), Thales Group (France),
Raytheon Company (U.S.), Northrop Grumman (U.S.), L-3 Technologies (U.S.), Ultra Electronics (U.K), Israel Aerospace
Industries (Israel), MOOG Inc. (U.S.), Flir Systems (U.S.), Rafael Advanced Defense Systems Ltd. (Israel), and Qioptik (Paris).
The report for Global Targeting Pods Market of Market Research Future comprises extensive primary research along with
the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain
the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario
which includes historical and projected market size in terms of value and volume, technological advancement, macro
economic and governing factors in the market. The report provides details information and strategies of the top key players
in the industry. The report also gives a broad study of the different market segments and regions.
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Global Targeting Pods Market by Type (FLIR & Laser Designator, Laser Spot Tracker), Component (FLIR Sensor, CCD Camera, MMS, ECU, HD TV, Video Datalink), Platform (Combat Aircraft, Helicopters, UAV), Fit (OEM Fit, Upgrade) & Region–Global Forecast till 2023

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