San
Francisco 7 May 2019 The Report 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.
Access Research Report of Targeting Pods
Market @ https://www.grandviewresearch.com/industry-analysis/targeting-pods-market
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.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
·
Europe
·
Asia Pacific
·
RoW
Access Press Release of
Targeting Pods Market@ https://www.grandviewresearch.com/press-release/global-targeting-pods-market
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.
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