San Francisco, 22 January, Targeting Pods Market Size, Share & Trends
Analysis Report By Type (FLIR & Laser Designator, Laser Designator, FLIR),
By Component, By Fit, By Platform, By Region, And Segment Forecasts, 2018 –
2025.
The global targeting pods market size is expected to reach USD 5.21 billion by 2025,
according to a study conducted by Grand View Research, Inc., exhibiting a CAGR
of 6.3% during the forecast period. Rise in terrorist activities across the
globe and growing adoption of targeting pods by developing countries have
boosted the market. These devices provide users with enhanced security and targeting
capabilities.
Rising interest of targeting
pod companies in gaining a significant share in the defense market in regions
such as Middle East is expected to drive the adoption of targeting pods. For
instance, Raytheon Company formed a new subsidiary named Raytheon Emirates with
an aim to enhance its position in the UAE defense market. Additionally,
presence of prominent targeting pod providers such as Israel Aerospace
Industries Ltd. is driving market growth in the region.
The Asia Pacific market is
expected to witness considerable growth owing to increasing need for public
safety. Development activities undertaken by defense organizations in countries
such as India is also leading to the growth of the market. Additionally, increased
defense budgets of developing countries in the region is boosting the market.
However, decreased defense
expenditure in developed countries may hamper market growth. Additionally, high
costs of development and maintenance of targeting pods are expected to hinder
market growth. Therefore, device providers are focusing on developing
affordable solutions that can be used in other markets such as naval and
defense.
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Report On Targeting Pods Market Analysis:
Further key findings from the study suggest:
·
FLIR and laser designator pods
offer Ground Moving Target Indication (GMTI) capability. Therefore, the segment
is expected to register the highest CAGR over the forecast period on the basis
of type
·
FLIR sensors provide two-way
communication and long-range target acquisitions. Thus, based on component, the
segment is likely to exhibit the fastest growth rate through 2025
·
The OEM fit segment is
anticipated to clock in the highest CAGR owing to increasing adoption of
targeting pods by governments to enhance security measures
·
By way of platform, the UAV
segment is anticipated to exhibit the highest CAGR owing to benefits offered
such as convenience and enhanced battery life
·
Asia Pacific is expected to
emerge as the fastest-growing region over the forecast period owing to
increased defense expenditure by countries such as China and India
·
Prominent industry participants
include Thales Group; FLIR Systems, Inc.; L3 Technologies, Inc.; Raytheon
Company; Lockheed Martin Corporation; and Smiths Detection Inc.
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Grand View Research has segmented the
global targeting pods market based on type, component, fit, platform, and
region:
Targeting Pods Type (Revenue,
USD Million, 2014 - 2025)
·
FLIR & Laser Designator
Pods
·
Laser Designator Pods
·
FLIR Pods
·
Laser Spot Tracker Pods
Targeting Pods Component
Outlook (Revenue, USD Million, 2014 - 2025)
·
FLIR Sensor
·
Charge Coupled Device (CCD)
Camera
·
Environmental Control Unit
(ECU)
·
Moving Map System (MMS)
·
Video Datalink
·
Digital Data Recorder
·
Processor
·
High Definition (HD) TV
Targeting Pods Fit Outlook
(Revenue, USD Million, 2014 - 2025)
·
OEM Fit
·
Upgrades
Targeting Pods Platform Outlook
(Revenue, USD Million, 2014 - 2025)
·
Combat Aircraft
·
Unmanned Aerial Vehicle (UAV)
·
Attack Helicopters
·
Bombers
Targeting Pods Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
France
o
Germany
o
Russia
·
Asia Pacific
o
China
o
Japan
o
India
·
RoW
o
Israel
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
