Targeting Pods Market To Reach USD 5.2 Billion In 2027 | CAGR 6.6% - Forencis Research

Global Targeting Pods Market: Key Highlights

• According to the new market research report “Targeting Pods Market by Type (Laser Spot Tracker Pods, Laser Designator Pods, FLIR and Laser Designator Pods and FLIR Pods), by Component (CCD (Charge Coupled Device) Camera, Video Data Link, Environmental Control Unit (ECU), Processor and Digital Data Recorder), by Platform (UAVs, Combat Aircraft, Attack Helicopters), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2018 to 2027)”, the global TARGETING PODS market is estimated to reach USD 5.2 Billion in 2025 at a CAGR of 6.6% during forecast period 2018-2027.
• Demand for shortwave infrared laser improves the targeting capabilities in low and haze light which is expected to boost the market in the forecast period.
• However, the increasing adoption of fifth-generation aircraft is expected to hinder the growth of the market during the forecast period.

Global Targeting Pods Market: Key Market Dynamics

• Demand for advanced targeting systems for autonomous tracking with GPS coordination is anticipated to boost the targeting pods market growth.
• The increasing adoption of fifth-generation aircraft is expected to hinder the targeting pods market during the forecast period.
• Increasing government investment for developing and adoption of advanced technologic which are projected to boost the growth on the market.

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Global Targeting Pods Market: Regional Overview

• North America

The targeting pods market in North American is growing owing to rise in military and defense sector. Also, higher spending on military equipment and aircraft in the region is further the market growth. In north America the military spending reached USD 670 billion in 2017, which represented 4.4% increase compare to 2007.

• Europe

Increase in European military expenditure is likely to grow the market in the forecast period. The goal of European Union defense budget to increase the Defence spending by USD 24.9 billion in coming ten years. In addition to this, the Increase in Defence budgets by Europe countries 4.2% in real-terms in 2018 is likely to push the market.

Global Targeting Pods Market: Key Players Overview

• Thales Group:

Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation and security markets. The company is a global technology leader for the Aerospace, Space, Defence Thales is the provider in Europe to steer and scan sensors for fighter-type platforms.

• ASELSAN A.Ş.:

ASELSAN is the largest defense electronics company in Turkey. The company provides radar and electronic warfare, electro-optics, unmanned systems, land, naval and weapon systems, air defense and missile systems, command and control systems, transportation, security, traffic, automation, and medical systems. ASELPOD is designed as the new generation targeting pod for fighter aircraft.

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