The targeting pods market was valued at USD 3.06 Billion in 2016 and is projected to reach USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. Factors such as the growing demand for targeting systems and increasing number of military aircraft upgradation programs are expected to drive the market in the coming years. This report forecasts the targeting pods market and its dynamics over the next five years. It also identifies the market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscape. The base year considered is 2016 and the forecast period is from 2017 to 2022.

Market size estimations for various segments and subsegments of the targeting pods market were arrived at through extensive secondary research and government sources (Federal Aviation Authority, International Air Transport Association, Airport Authority of India, and International Civil Aviation Organization); company websites; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations, among others. Corroboration with primaries and further market triangulation with the help of statistical techniques using econometric tools were carried out. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

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The ecosystem of the targeting pods market comprises manufacturers, component suppliers, raw material suppliers, distributors, service providers. and end users. The key end users of the market are the armed forces and militaries. Key manufacturers in the targeting pods include Lockheed Martin (US), Aselsan (Turkey), Thales Group (France), and Raytheon Company (US).

�This study answers several questions for stakeholders, primarily, which segments they need to focus upon over the next five years to prioritize their efforts and investments.�

Target Audience

Targeting Pod Manufacturers

Component Manufacturers

Aircraft Manufacturers

Military Forces

Scope of the report

This research report categorizes the targeting pods market into the following segments and subsegments:

Targeting Pods Market, By Type FLIR & Laser Designator Pods Laser Designator Pods FLIR Pods Laser Spot Tracker

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

Targeting Pods Market, By Fit OEM Fit Upgradation

Targeting Pods Market, By Platform Combat Aircraft Unmanned Aerial Vehicles (UAVs) Attack Helicopters Bombers

Targeting Pods Market, By Region North America Europe Asia Pacific Rest of the World (RoW)



Customizations available for the report

With the given market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

Country-level Analysis Comprehensive market projections for countries categorized under the Rest of Europe, Rest of Asia Pacific, and Rest of the World

Company Information Detailed analysis and profiles of additional market players (up to five)



The targeting pods market is estimated to be USD 3.26 Billion in 2017 and projected to reach USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. The growth of the market can be attributed to increasing military aircraft procurement as well as upgradation of existing aircraft across the world. The increasing military aircraft procurement by various countries has led to an increase in demand for aircraft payload-based targeting system, i.e. targeting pods for capability enhancement in precision targeting.

The targeting pods market has been segmented based on type, component, platform, and fit. Based on type, the market has been further segmented into laser spot tracker, laser designator pods, FLIR pods, and FLIR & laser designator pods. The FLIR & laser designator pods segment is projected to lead the market during the forecast period. The increasing use of forward-looking infrared sensors, along with laser designators for targeting and surveillance, is driving the growth of the FLIR & laser designator pods segment.

Based on component, the targeting pods market has been segmented into environmental control unit, FLIR sensor, CCD camera, moving map system (MMS), HD TV, video datalink, digital data recorder, and processor. The FLIR sensor segment is projected to lead the market during the forecast period owing to the increase in spending on aircraft with precision attack capabilities at low light conditions.

Based on platform, the targeting pods market has been segmented into combat aircraft, attack helicopters, bombers, and unmanned aerial vehicles (UAVs). The combat aircraft segment is projected to lead the market during the forecast period owing to the increase in spending on upgradation of existing aircraft and new aircraft procurement programs, especially for precision ground attack capabilities. The UAVs segment is projected to witness the highest CAGR during the forecast period owing to the increase in spending on reconnaissance and surveillance operations.

Based on fit, the targeting pods market has been segmented into OEM fit and upgradation. The OEM fit segment is projected to lead the market during the forecast period owing to the increase in spending for airborne targeting and laser designation systems.

Europe accounted for the largest share of the targeting pods market in 2017, followed by Asia Pacific and North America. Europe�s large share can be attributed to the increased spending on advanced airborne targeting systems by countries such as the UK, France, and Russia and the upgradation and procurement of targeting pod-based aircraft. Russia is estimated to be the leading market for targeting pods in Europe in 2017. The reason for Russia�s dominance of the Europe targeting pods market can be attributed to the country�s aircraft upgradation programs.

Major challenges faced by the manufacturers of targeting pods are mostly related to technical aspects of the targeting pod. At present, manufacturing a targeting pod that works optimally in bad weather and low light conditions is a challenge for the targeting pod providers.

The major players in the targeting pods market include Lockheed Martin (US), Raytheon Company (US), and Thales (France). These manufacturers are mostly focused on acquiring long-term contracts to grow in the market.

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