Global Targeting Pods Market: Key Highlights
Global Targeting Pods Market: Key Market Dynamics
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Global Targeting Pods Market: Regional Overview
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.
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 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 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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