Targeting Pods Market Size and Shares, Industry Research Report | Lockheed Martin Corporation, Moog, Inc., Thales Group, Raytheon Company, Israel Aerospace Industries Ltd, Northrop Grumman Corporation, Aselsan A.S, Ultra Electronics Holdings Plc., FLIR Sy

A recent report published by QMI on targeting pods market is a detailed assessment of the most important market dynamics. After carrying out thorough research of targeting pods market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for targeting pods during the forecast period. It can enable manufacturers of targeting pods to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Lockheed Martin Corporation
2) Moog, Inc.
3) Thales Group
4) Raytheon Company
5) Israel Aerospace Industries Ltd
6) Northrop Grumman Corporation
7) Aselsan A.S
8) Ultra Electronics Holdings Plc.
9) FLIR Systems, Inc.
10) L3 Technologies Inc.

According to the report, the increasing demand for high-tech & smart targeting systems is expected to drive the growth of targeting pods market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Targeting pods helps to identify, laser-designate, and track tiny tactical targets at long distances or ranges automatically along with providing superior air-to-air and air-to-ground capabilities. In addition, the targeting pods also support the use of GPS and laser-guided weapons against moving targets and were able to be used across multinational and typhoon aircraft. The targeting pods show a target-to-aircrew infrared image as it includes a high-resolution forward-looking infrared (FLIR) sensor with a broad field of search capability. Governments around the globe are investing and upgrading their capacities through contracting, allowing warfare fighters to react to needs such as reliability rates and availability of sniper.

The globally targeting pods market has been segmented into type, component, fit, platform. Based on Type, this market is split into FLIR & Laser designator Pods, Laser designator pods, FLIR pods, Laser spot tracker. The FLIR & Laser designator pods segment is anticipated high demand in this market because of the increasing use of forward-looking infrared sensors, along with laser designators for targeting and surveillance. The FLIR sensor segment is anticipated to boom in this market based on the component segment owing to enhanced spending on precise aircraft attack capabilities under low light conditions. By 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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By platform, the combat aircraft segment is anticipated to meet the largest demand in the targeting pods market owing to enhanced spending on upgrading existing aircraft and new aircraft procurement programs, especially capabilities for ground attack accuracy.

Factors that will have a significant impact on the market growth are:

o Increasing adoption of targeting pods by aviation, naval, and automotive sectors
o Emerging demand for high-tech targeting systems
o Military aircraft upgrading and technological advancements in systems

Insights about regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market. For targeting pods market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the targeting pods market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost aerospace & defense sector. In addition, some of the major countries like the US, France, UK, and Canada has been global exporters of aerospace & defense technologies due to established research & development centers, and others. Also, some of the major companies operating in targeting pods market are headquartered in these regions.

The Asia Pacific region is estimated to register fastest growing targeting pods market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these countries have witnessed strong government spending on defense infrastructure, as well as promoting air transport and space research. During the forecast period, the Middle East region is estimated to be a potential region for targeting pods market in the aerospace and defense sector. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market with increasing demand.

Market Segmentation:

By Type:
o FLIR & Laser Designator Pods
o Laser Designator Pods
o FLIR Pods
o Laser Spot Tracker

By Component:
o FLIR Sensor
o Charge Coupled Device (CCD) Camera
o Environmental Control Unit (ECU)
o Moving Map System (MMS)
o Digital Data Recorder, Processor
o Video Data Link
o High Definition (HD) TV

By Fit:
o OEM Fit
o Up-Gradation

By Platform:
o Combat Aircraft
o Unmanned Aerial Vehicles (UAVs)
o Attack Helicopter
o Bombers

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This release was published on openPR.