Global Targeting Pods Market 2018-2022 - Lockheed Martin, Raytheon Company, and Thales are Dominating the Projected $4.5 Billion Market - ResearchAndMarkets.com

DUBLIN--()--The "Targeting Pods Market by Type (FLIR & Laser Designator Pods, Laser Spot Tracker), Component (FLIR Sensor, CCD Camera, MMS, ECU, HD TV, Video Datalink), Platform (Combat Aircraft, Helicopters, UAV), Fit & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

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.

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.

Market Dynamics

Drivers

  • Demand for Better Targeting Systems

Restraints

  • Increasing Adoption of Fifth-Generation Aircrafts Worldwide With Embedded Targeting Systems

Opportunities

  • Increasing Aircraft Upgradation Programs

Challenges

  • Limited Operational Range of Targeting Pods
  • Proven Capability and Reliability of Radars

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Targeting Pods Market, by Type

8 Targeting Pods Market, by Component

9 Targeting Pods Market, by Fit

10 Targeting Pods Market, by Platform

11 Targeting Pods Market, by Region

12 Competitive Landscape

13 Company Profiles

  • Aselsan
  • Flir Systems
  • Israel Aerospace Industries
  • L-3 Communications
  • Lockheed Martin
  • Moog
  • Qi Optik
  • Raytheon Company
  • Thales Group
  • Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/research/sm3p54/global_targeting?w=4

Contacts

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Related Topics: Military Aerospace and Defense

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Military Aerospace and Defense