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.
Full
Research Report On Global Targeting Pods Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/targeting-pods-market
www.grandviewresearch.com/industry-analysis/targeting-pods-market
Further
key findings from the report 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:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
- U.S.
- Canada
- Europe
- France
- Germany
- Russia
- Asia
Pacific
- China
- Japan
- India
- RoW
- Israel
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-targeting-pods-market
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.
For More
Information: www.grandviewresearch.com
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