Global Targeting Pods Market Analysis by Type, Component, Fit, Platform and Region - Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.
The global targeting pods market size is expected to reach USD 5.21 billion by 2025, 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 is gaining a significant share in the defense market in regions such as the Middle East is expected to drive the adoption of targeting pods. Additionally, presence of prominent targeting pod providers such as Israel Aerospace Industries Ltd. is driving market growth in the region.
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.
Key FindingsFLIR 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. Prominent industry participants include Thales Group; FLIR Systems, Inc.; L3 Technologies, Inc.; Raytheon Company; Lockheed Martin Corporation; and Smiths Detection Inc.
Key Topics Covered
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Targeting Pods Industry Outlook
Chapter 4 Targeting Pods Type Outlook
Chapter 5 Targeting Pods Component Outlook
Chapter 6 Targeting Pods Fit Outlook
Chapter 7 Targeting Pods Platform Outlook
Chapter 8 Targeting Pods Regional Outlook
Chapter 9 Competitive LandscapeASELSAN A.S. Thales Group Raytheon Company Ultra Electronics Holdings PLC L3 Technologies, Inc. Lockheed Martin Corporation FLIR Systems, Inc. Moog, Inc. Israel Aerospace Industries Ltd. Northrop Grumman Corporation
For more information about this report visit https://www.researchandmarkets.com/research/tzvwgp/global_targeting?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005632/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Military Aerospace and Defense
INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 10:40 AM/DISC: 11/07/2018 10:40 AM