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Targeting Pods Market 2018-2023 | Leading Players : Lockheed Martin, Aselsan, RADS, Thales, Raytheon, Northrop Grumman, L-3, Aerospace Industries, MOOG

08-29-2018 01:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Targeting Pods

Targeting Pods

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

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).

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Market Highlights:

Targeting pods are electronic devices 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. 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 to the market players. The factors driving the growth of the global targeting pods market are increasing military aircraft procurement and upgrades of existing aircraft across the world. However, there are some shortcomings in the operative performance of the targeting pods such as technical constraints of manufacturing targeting pods. The market for targeting pods is estimated to witness 7% CAGR during the forecast period.

On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. In the European region, the increased spending on advanced airborne targeting systems by countries such as the U.K, France, and Russia and the upgrade and procurement of targeting pod-based aircraft. In the Asia Pacific region, there is an increasing need for national security and increased defense budgets of developing countries, which will boost the targeting pods market during the forecast period. Meanwhile, Northrop Grumman was awarded a contract worth USD 116 million by 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.

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.

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.

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Scope Of Report

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.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

Continued....

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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