DUBLIN--(BUSINESS WIRE)--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
