Study papers on Targeting Pods market and regional forecast. Targeting Pods market players are Lockheed Martin(US),Raytheon Company (US),Thales Group (France), and Israel Aerospace Industries(Israel).
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targeting pods market is projected to grow from USD 3.26 billion in 2017to 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 up gradation 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.
- Targeting Pod Manufacturers
- Component Manufacturers
- Aircraft Manufacturers
- Military Forces
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 up gradation programs for military aircraft are expected to drive the targeting pods market in the coming years.
Targeting Pods Market, By Component
2 FLIR Sensor
3 Charge Coupled Device (CCD) Camera
4 Environmental Control Unit (ECU)
5 Moving Map System (MMS)
6 Video Datalink
7 Digital Data Recorder
9 High Definition (HD) TV
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.
Targeting Pods Market, By Platform
2 Combat Aircraft
3 Unmanned Aerial Vehicle (UAV)
4 Attack Helicopters
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This report provides detailed information and forecasts the targeting pods market from 2017 to 2022. The targeting pods market has been segmented on the basis of type, component, platform, fit, and region. Based on type, the FLIR &laser designator pods segment is projected to dominate the market during the forecast period.
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