DUBLIN--(BUSINESS WIRE)--The "Targeting Pods Market by Type (FLIR & Laser Designator Pods, Laser Spot Tracker), Component, Platform (Combat Aircraft, Helicopters, UAV), Fit (OEM Fit & Upgradation), & 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 increasing number of targeting pod installations on new aircraft and upgradation of system avionics of existing aircraft by integrating with targeting pods are expected to drive the targeting pods market. On the other hand, the increasing adoption of fifth generation aircraft, which have embedded targeting pods, is expected to restrain the market growth.
Based on platform, the UAVs segment is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the growing defense budgets of emerging economies and the increased spending on military infrastructure. With growing defense budgets, modernization and development of military aircraft as well as demand for surveillance and reconnaissance for strategic purposes are also increasing.
The Asia Pacific targeting pods market is projected to grow at the highest CAGR during the forecast period, while Europe accounted for the largest share of the targeting pods market in 2017. Growth in the procurement of new aircraft and upgradation programs for military aircraft are expected to drive the targeting pods market in the coming years.
Major companies profiled in the targeting pods market report include Lockheed Martin (US), Raytheon Company (US), Thales Group (France), and Israel Aerospace Industries (Israel).
- Flir Systems
- Israel Aerospace Industries
- L-3 Communications
- Lockheed Martin
- Northrop Grumman
- QI Optik
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- Thales Group
- Ultra Electronics
Key Topics Covered
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
For more information about this report visit https://www.researchandmarkets.com/research/w9m947/global_targeting?w=4