Global Targeting Pods Market report published by Accurize Market Research forecast that the global market is expected to reach $5.21 billion by 2025; growing at a CAGR of 6.4% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Rising investment in air force sector to drive the global market

Some of the factors driving the global targeting pods market are high reliability, superior range performance & maintainability, and growing investments in the air force sector. Though, few issues related to the production of the filmstrips consistently on the screen are estimated to hamper the growth of global targeting pods market during the forecast period. Moreover, safe & easier training, navigation capability at night, accurate stabilization and multi-target tracking are the factors that are likely to create opportunities for targeting pods market expansion.

Market Segmentation

Targeting pods market is split into type, component, platform, fit and geography. On the basis of type, the market has been segmented into laser spot tracker, laser designator pods, FLIR pods, and FLIR & laser designator pods. On the basis of component, the targeting pods market has been segmented into the environmental control unit, FLIR sensor, CCD camera, moving map system (MMS), HD TV, video datalink, digital data recorder, and processor. Based on platform segments, the targeting pods market has been further bifurcated into combat aircraft, attack helicopters, bombers, and unmanned aerial vehicles (UAVs). Based on fit, the targeting pods market is divided into OEM fit and upgradation.

North America, Europe, Asia-Pacific and the Rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S. and Canada. Europe covers countries like Russia, the U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa, and the Middle East.

“FLIR & laser designator pods accounted for the largest market share in the type segment", says Accurize

In the type segment, FLIR&laser designator accounted for the major share in 2017. It is going to continue the dominance, owing to the use in fighter aircraft for surveillance, reconnaissance, ground attack, and air-to-air operations. In the component segment, FLIR sensors accounted for the largest share in 2017.

"Europe dominated the global market with the highest market share over the forecast period", says Accurize

The European region is estimated to account for the largest share of the targeting pods market during the forecast period. The procurement of new aircraft and upgradation of existing fighter aircraft are expected to drive the targeting pods market in the coming years.

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Top players in the market

Major companies operating in the market include Lockheed Martin, Raytheon Company, and Thales, among others.