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 (OEM Fit & Upgradation), and Region - Global Forecast to 2022
The targeting pods market was valued at USD 3.06 Billion in 2016 and is projected to reach USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. Factors such as the growing demand for targeting systems and increasing number of military aircraft upgradation programs are expected to drive the market in the coming years. This report forecasts the targeting pods market and its dynamics over the next five years. It also identifies the market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscape. The base year considered is 2016 and the forecast period is from 2017 to 2022.
Market size estimations for various segments and subsegments of the targeting pods market were arrived at through extensive secondary research and government sources (Federal Aviation Authority, International Air Transport Association, Airport Authority of India, and International Civil Aviation Organization); company websites; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations, among others. Corroboration with primaries and further market triangulation with the help of statistical techniques using econometric tools were carried out. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets, and presented in this report.
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The ecosystem of the targeting pods market comprises manufacturers, component suppliers, raw material suppliers, distributors, service providers. and end users. The key end users of the market are the armed forces and militaries. Key manufacturers in the targeting pods include Lockheed Martin (US), Aselsan (Turkey), Thales Group (France), and Raytheon Company (US).
“This study answers several questions for stakeholders, primarily, which segments they need to focus upon over the next five years to prioritize their efforts and investments.”
Target Audience
- Targeting Pod Manufacturers
- Component Manufacturers
- Aircraft Manufacturers
- Military Forces
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This research report categorizes the targeting pods market into the following segments and subsegments:
- Targeting Pods Market, By Type
- FLIR & Laser Designator Pods
- Laser Designator Pods
- FLIR Pods
- Laser Spot Tracker
- Targeting Pods Market, By Component
- FLIR Sensor
- Charge Coupled Device (CCD) Camera
- Environmental Control Unit (ECU)
- Moving Map System (MMS)
- Digital Data Recorder
- Processor
- Video Data Link
- High Definition (HD) TV
- Targeting Pods Market, By Fit
- OEM Fit
- Upgradation
- Targeting Pods Market, By Platform
- Combat Aircraft
- Unmanned Aerial Vehicles (UAVs)
- Attack Helicopters
- Bombers
- Targeting Pods Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Customizations available for the report
With the given market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:
- Country-level Analysis
- Comprehensive market projections for countries categorized under the Rest of Europe, Rest of Asia Pacific, and Rest of the World
- Company Information
- Detailed analysis and profiles of additional market players (up to five)
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.
The targeting pods market has been segmented based on type, component, platform, and fit. Based on type, the market has been further segmented into laser spot tracker, laser designator pods, FLIR pods, and FLIR & laser designator pods. The FLIR & laser designator pods segment is projected to lead the market during the forecast period. The increasing use of forward-looking infrared sensors, along with laser designators for targeting and surveillance, is driving the growth of the FLIR & laser designator pods segment.
Based on component, the targeting pods market has been segmented into environmental control unit, FLIR sensor, CCD camera, moving map system (MMS), HD TV, video datalink, digital data recorder, and processor. The FLIR sensor segment is projected to lead the market during the forecast period owing to the increase in spending on aircraft with precision attack capabilities at low light conditions.
Based on platform, the targeting pods market has been segmented into combat aircraft, attack helicopters, bombers, and unmanned aerial vehicles (UAVs). The combat aircraft segment is projected to lead the market during the forecast period owing to the increase in spending on upgradation of existing aircraft and new aircraft procurement programs, especially for precision ground attack capabilities. The UAVs segment is projected to witness the highest CAGR during the forecast period owing to the increase in spending on reconnaissance and surveillance operations.
Based on fit, the targeting pods market has been segmented into OEM fit and upgradation. The OEM fit segment is projected to lead the market during the forecast period owing to the increase in spending for airborne targeting and laser designation systems.
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.
Major challenges faced by the manufacturers of targeting pods are mostly related to technical aspects of the targeting pod. At present, manufacturing a targeting pod that works optimally in bad weather and low light conditions is a challenge for the targeting pod providers.
The major players in the targeting pods market include Lockheed Martin (US), Raytheon Company (US), and Thales (France). These manufacturers are mostly focused on acquiring long-term contracts to grow in the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Source
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Targeting Pods Market
4.2 Market, By Type
4.3 Market, By Component
4.4 Market, By Platform
4.5 Market, By Fit
4.6 Market Share, By Country
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Demand for Better Targeting Systems
5.2.2 Restraints
5.2.2.1 Increasing Adoption of Fifth-Generation Aircrafts Worldwide With Embedded Targeting Systems
5.2.3 Opportunities
5.2.3.1 Increasing Aircraft Upgradation Programs
5.2.4 Challenges
5.2.4.1 Limited Operational Range of Targeting Pods
5.2.4.2 Proven Capability and Reliability of Radars
6 Industry Trends (Page No. - 37)
6.1 Introduction
6.2 Future Trends
6.3 Technology Trends
6.3.1 Infrared Technologies
6.3.2 Thermally Cooled Infrared Devices
6.3.3 Forward Looking Infrared Technology
6.4 Patent/ Patent Applications
7 Targeting Pods Market, By Type (Page No. - 39)
7.1 Introduction
7.2 Flir & Laser Designator Pods
7.3 Laser Designator Pods
7.4 Flir Pods
7.5 Laser Spot Tracker Pods
8 Targeting Pod Market, By Component (Page No. - 42)
8.1 Introduction
8.2 Flir Sensor
8.3 Charge Coupled Device (CCD) Camera
8.4 Environmental Control Unit (ECU)
8.5 Moving Map System (MMS)
8.6 Video Datalink
8.7 Digital Data Recorder
8.8 Processor
8.9 High Definition (HD) TV
9 Targeting Pod Market, By Fit (Page No. - 46)
9.1 Introduction
9.2 OEM Fit
9.3 Upgradation
10 Targeting Pod Market, By Platform (Page No. - 49)
10.1 Introduction
10.2 Combat Aircraft
10.3 Unmanned Aerial Vehicle (UAV)
10.4 Attack Helicopters
10.5 Bombers
11 Targeting Pod Market, By Region (Page No. - 53)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 France
11.3.3 Germany
11.3.4 Russia
11.3.5 Sweden
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Saudi Arabia
11.5.2 Brazil
12 Competitive Landscape (Page No. - 90)
12.1 Introduction
12.2 Market Ranking Analysis, 2016
12.3 Competitive Situations and Trends
12.3.1 Contracts
13 Company Profiles (Page No. - 93)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments)*
13.1 Lockheed Martin
13.2 Aselsan
13.3 Thales Group
13.4 Raytheon Company
13.5 Northrop Grumman
13.6 L-3 Communications
13.7 Ultra Electronics
13.8 Israel Aerospace Industries
13.9 Moog
13.10 Flir Systems
13.11 Rafael Advanced Defense Systems Ltd.
13.12 QI Optik
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 116)
14.1 Discussion Guide
14.2 Introducing RT: Real-Time Market Intelligence
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (83 Tables)
Table 1 Innovation & Patent Registrations, 2000-2017
Table 2 Targeting Pods Size, By Type, 2015-2022 (USD Million)
Table 3 Market Size, By Component, 2017-2022 (USD Million)
Table 4 Targeting Pods Size, By Fit, 2015-2022 (USD Billion)
Table 5 Market Size, By Platform, 2015-2022 (USD Million)
Table 6 Targeting Pods Size, By Region, 2015-2022 (USD Million)
Table 7 North America Targeting Pods Size, By Type, 2015-2022 (USD Million)
Table 8 North America Market Size, By Component, 2015-2022 (USD Million)
Table 9 North America Targeting Pods Size, By Platform, 2015-2022 (USD Million)
Table 10 North America Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 11 North America Targeting Pod Market Size, By Country, 2015-2022 (USD Million)
Table 12 US Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 13 US Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 14 US Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 15 US Targeting Pods Size, By Fit, 2015-2022 (USD Million)
Table 16 Canada Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 17 Canada Targeting Pod Market Size, By Component, 2015-2022 (USD Tousands)
Table 18 Canada Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 19 Canada Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 20 Europe Targeting Pod Market, By Type, 2015-2022 (USD Million)
Table 21 Europe Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 22 Europe Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 23 Europe Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 24 Europe Targeting Pod Market Size, By Country, 2015-2022 (USD Million)
Table 25 UK Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 26 UK Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 27 UK Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 28 UK Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 29 France Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 30 France Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 31 France Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 32 France Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 33 Germany Market Size, By Type, 2015-2022 (USD Million)
Table 34 Germany Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 35 Germany Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 36 Germany Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 37 Russian Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 38 Russia Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 39 Russia Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 40 Russia Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 41 Sweden Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 42 Sweden Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 43 Sweden Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 44 Sweden Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 45 Rest of Europe Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 46 Rest of Europe Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 47 Rest of Europe Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 48 Rest of Europe Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 49 Asia Pacific Targeting Pod Market, By Type, 2015-2022 (USD Million)
Table 50 Asia Pacific Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 51 Asia Pacific Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 52 Asia Pacific Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 53 Asia Pacific Targeting Pod Market Size, By Country, 2015-2022 (USD Million)
Table 54 China Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 55 China Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 56 China Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 57 China Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 58 India Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 59 India Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 60 India Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 61 India Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 62 Japan Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 63 Japan Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 64 Japan Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 65 Japan Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 66 Rest of Asia Pacific Targeting Pod Market Size, By Type, 2015-2022 (USD Million)
Table 67 Rest of Asia Pacific Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 68 Rest of Asia Pacific Targeting Pod Market Size, By Platform, 2015-2022 (USD Million)
Table 69 Rest of Asia Pacific Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 70 Rest of the World Targeting Pod Market, By Type, 2015-2022 (USD Million)
Table 71 Rest of the World Market Size, By Component, 2015-2022 (USD Million)
Table 72 Rest of the World Market Size, By Platform, 2015-2022 (USD Million)
Table 73 Rest of the World Market Size, By Fit, 2015-2022 (USD Million)
Table 74 Rest of the World Market Size, By Country, 2015-2022 (USD Million)
Table 75 Saudi Arabia Market Size, By Type, 2015-2022 (USD Million)
Table 76 Saudi Arabia Targeting Pod Market Size, By Component, 2015-2022 (USD Million)
Table 77 Saudi Arabia Market Size, By Platform, 2015-2022 (USD Million)
Table 78 Saudi Arabia Market Size, By Fit, 2015-2022 (USD Million)
Table 79 Brazil Market Size, By Type, 2015-2022 (USD Million)
Table 80 Brazil Market Size, By Component, 2015-2022 (USD Million)
Table 81 Brazil Market Size, By Platform, 2015-2022 (USD Million)
Table 82 Brazil Targeting Pod Market Size, By Fit, 2015-2022 (USD Million)
Table 83 Contracts, January 2015 - October 2017
List of Figures (42 Figures)
Figure 1 Research Process Flow
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation & Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Flir & Laser Designation Pods Segment to Dominate the Market During the Forecast Period
Figure 8 Flir Sensor Segment to Dominate the Targeting Pod Market During the Forecast Period
Figure 9 Combat Aircraft Segment to Dominate the Market During the Forecast Period
Figure 10 OEM Fit Segment to Dominate the Targeting Pod Market During the Forecast Period
Figure 11 Europe is Estimated to Account for the Largest Share of the Targeting Pod Market in 2017
Figure 12 Increased Focus on Having Better Targeting Systems is Expected to Fuel the Growth of the Targeting Pod Market During the Forecast Period
Figure 13 The Flir Pods Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 The Flir Sensor Segment is Projected to Be the Largest Component Segment Till 2022
Figure 15 Combat Aircraft Segment is Projected to Be the Largest Platform Segment By 2022
Figure 16 The OEM Fit Segment is Projected to Have A Higher Market Share During the Forecast Period
Figure 17 India is Projected to Be the Fastest-Growing Market for Targeting Pods During the Forecast Period
Figure 18 Market Dynamics for the Market
Figure 19 The Flir Pods Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 20 The Flir Sensor Component Segment is Expected to Have the Highest Share of the Market During the Forecast Period
Figure 21 The Upgradation Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 22 The UAV Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America Market Snapshot
Figure 24 Europe Market Snapshot
Figure 25 Asia Pacific Market Snapshot
Figure 26 Companies Adopted Contracts as the Growth Strategy Between January 2015 and October 2017
Figure 27 Revenue and Product-Based Rank Analysis of Top Players in the Targeting Pod Market
Figure 28 Lockheed Martin: Company Snapshot
Figure 29 Lockheed Martin: SWOT Analysis
Figure 30 Aselsan : Company Snapshot
Figure 31 Aselsan : SWOT Analysis
Figure 32 Thales Group: Company Snapshot
Figure 33 SWOT Analysis Thales Group
Figure 34 Raytheon Company: Company Snapshot
Figure 35 Raytheon Company: SWOT Analysis
Figure 36 Northrop Grumman: Company Snapshot
Figure 37 Northrop Grumman: SWOT Analysis
Figure 38 L-3 Communication : Company Snapshot
Figure 39 Ultra Electronics : Company Snapshot
Figure 40 Israel Aerospace Industries: SWOT Analysis
Figure 41 Moog : Company Snapshot
Figure 42 Flir Systems: Company Snapshot
Growth opportunities and latent adjacency in Targeting Pods Market