Global Targeting Pods Market

Targeting Pods Market Size, Share, Growth Analysis, By Type(OEM and upgrade), By Fit(FLIR segment, CCD Camera, MMS, ECU), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2043 | Region: Global | Published Date: April, 2024
Pages: 202 |Tables: 64 |Figures: 78

Targeting Pods Market Insights

Global Targeting Pods Market size was valued at USD 4.05 billion in 2022 and is poised to grow from USD 4.33 billion in 2023 to USD 7.46 billion by 2031, at a CAGR of 7.02% during the forecast period (2024-2031).

The targeting pods are used especially in ground-attack aircraft for identifying the targets. The targeting pods, it is easy to accurately hit the targets. This product is essential for military operations, and is crucial for ensuring success.

The virtual targeting pods are used to detect specific targets, like bombs and other laser-guided weapons. The use of radar targeting pods in air to ground attacks is beneficial because they use laser trackers to ensure accurate strikes. The advancement of technology is enabling more accurate and efficient virtual targeting pods.

The growth of infrared technologies, such as thermally cooled infrared devices and other infrared technologies, is boosting the growth of the laser market.

The aircraft market is growing rapidly, and this is likely to continue in the future. This is because there is a need for target pods. Pods offer advanced features such as integrated GPS, which helps users to receive precise target location as well as store and share data with other users wirelessly.

In addition, they allow users to obtain clear images of targets identified using a color touch display. Ground Moving Target Indication (GMTI) capability is offered on targeting pods, which can help users detect moving ground vehicles. It helps the child figure out what is moving and what is not, by distinguishing between moving and unmoving objects. Among these are its ability to store large amounts of data, as well as its mission history recording capability.

US Targeting Pods Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 4.05 billion

Largest Segment

OEM

Fastest Growth

Upgrade types

Growth Rate

7.02% CAGR

Global Targeting Pods Market ($ Bn)
Country Share for North America Region (%)

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Targeting Pods Market Segmental Analysis

The Targeting pods is segmented into the on the basis of type, Fit, Component, Platform, and region. Whereas, by type it is segmented into FLIR, laser designator, and laser spot tracker. By Fit Targeting Pods Market is sub segmented into OEM and upgrade types. By Component Targeting Pods Market is sub segmented into FLIR segment, CCD Camera, MMS, ECU, HD TV, and Video Datalink. By Platform is sub segmented into combat aircraft, helicopters, and UAVs. Region is classified into North America, Asia Pacific, Europe, MEA, and Latin America.

Targeting Pods Market Analysis by Type

Based on the type, The FLIR and laser designator pod segment is expected to lead the market through the forecast period. The growth of the FLIR laser targeting and surveillance market is due to the increasing demand for these devices.

Targeting Pods Market Analysis by Fit

Based on the Fit, Both the original equipment manufacturer (OEM) and the target market hold a large share of the global targeting pods market. The demand for laser targeting systems is on the rise, and this segment is seeing a big expansion in the market.

Targeting Pods Market Analysis by Platform

Based on the Platform, The combat aircraft segment is estimated to be the largest in the market, due to the increase in spending on new aircraft procurement and upgrades to existing aircraft for precision ground attack abilities. The UAV market is expected to be the fastest segment during the forecast period owing to increasing spending in surveillance and reconnaissance business.

Global Targeting pods Market By Fit Type (%), 2023 (%)

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Targeting Pods Market Regional Insights

Europe is expected to be the dominant player in the targeting pod market during the forecast period, thanks to increased investment in upgrading programs for targeting pods and advanced technologies by countries such as the U.K. and France. The region has a number of technologically advanced companies, which has helped to promote economic growth.

The Asia Pacific market is expected to grow rapidly during the forecast period as geopolitical tensions between India, China, South Korea, and others lead to increased demand for targeting pods in Western countries and growing awareness of advanced products. Defense development activities in countries such as India and China are helping to fuel the growth of the defense market.

Global Targeting pods Market By Region, 2024-2031
  • Largest
  • Fastest

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Targeting Pods Market Dynamics

Targeting Pods Market Drivers

Development of Defense Infrastructure to Bolster Demand for Targeting Pods

  • The pod is an electronic device that can assist ground attack by identifying targets at a low altitude and directing the munitions to those targets. The need for enhancing air force defense systems around the world is expected to drive the pod market. As infrared technologies become more popular, the market is opening up new opportunities for companies that produce infrared devices and forward-thinking infrared technologies. This will create growth for the market players. The targeting pod provider needs to find a pod that works well in low light and bad weather conditions.

Targeting Pods Market Restraints

Stringent Regulations to Hinder Market Growth

  • There are a number of factors that are likely to keep the growth of the targeting pod market subdued, including high costs associated with developing and maintaining targeting pods, and decreasing defense spending in developed countries. The government's strict regulations about importing and exporting defense articles are likely to have a negative effect on the market.

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Targeting Pods Market Competitive Landscape

The Targeting Pod Market is seeing growth around the globe. This is thanks to the industries that are contributing their best to the market. The company is focusing on growth factors and marketing opportunities to help the market reach its goals. Lockheed Martin is promoting its Sniper advanced targeting pod to military buyers around the world; the pod is expanding its reach into the Middle East military market.

Targeting Pods Market Top players company profiles

  • Lockheed Martin Corporation
  • Thales Group
  • Raytheon Company
  • Northrop Grumman Corporation
  • L3Harris Technologies, Inc.
  • Aselsan A.S.
  • FLIR Systems, Inc.
  • Rafael Advanced Defense Systems Ltd.
  • Ultra Electronics Holdings PLC
  • MOOG, Inc.
  • Elbit Systems Ltd.
  • Sagem (Safran)
  • Hensoldt
  • Terma A/S
  • Qioptiq Ltd.
  • Collins Aerospace (Raytheon Technologies)
  • Israel Aerospace Industries Ltd.
  • Leonardo S.p.A.
  • Rheinmetall AG
  • Boeing Defense, Space & Security

Targeting Pods Market Recent Developments

  • In January 2024, Researchers at Southeast University in Nanjing, China, unveiled the design of their next-generation electronic warfare (EW) weapon in a peer-reviewed journal. Distinguishing itself from existing EW weapons, the Chinese-developed weapon purportedly has the capability to emit multiple beams of electromagnetic waves from a single antenna, enabling it to target multiple objects simultaneously. 
  • In February 2024, The US Air Force is embarking on an innovative partnership with defense giant Northrop Grumman to introduce a groundbreaking advancement to the skies—the LITENING Large Aperture (LA) targeting pod. Revealed by Northrop Grumman on Tuesday, February 13, this collaboration represents more than just an enhancement; it signifies a revolution in illuminating the darkness and targeting elusive entities. 
  • In October 2023, SAP SE honored six global partners with awards for excellence in the Intelligent Spend and Business Network line of business (LoB) during the SAP Spend Connect Live event held in Vienna.

Targeting Pods Key Market Trends

  • Pods are used for combat missions for surveillance and attacking targets located on the ground. They can be deployed on multiple platforms, including fighter aircraft, helicopters, and unmanned aerial vehicles. With the advent of new technology, the targeting pod technology is evolving to better meet the needs of challenging combat missions. Several well-known manufacturers, including Northrop Grumman Corporation, Thales Group, and Raytheon Company, are constantly upgrading their targeting pods to meet the demand from air force agencies across the globe for technologically advanced targeting pods.

Targeting Pods Market SkyQuest Analysis

Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, Due to their versatility in conducting both aerial warfare and ground-support tasks, combat aircraft are essential for defense against aerial threats. By promoting the domestic development of fifth-generation and the anticipated sixth-generation combat aircraft, global military superpowers like the United States, the United Kingdom, China, France, and Japan are vying to achieve a profound reconceptualization of contemporary aerial warfare techniques.

Due to its adaptable performance to successfully meet the requirements of the end-user forces for a range of tasks, the F-16 is one of Lockheed Martin's most popular combat aircraft designs. Countries in Africa, South America, and Asia-Pacific, which are now unable to purchase an F-35, are the main drivers of the market for F-16s.

Report Metric Details
Market size value in 2023 USD 4.05 billion
Market size value in 2031 USD 7.46 billion
Growth Rate 7.02%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • OEM and upgrade
  • Fit
    • FLIR segment, CCD Camera, MMS, ECU, HD TV, and Video Datalink
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lockheed Martin Corporation
  • Thales Group
  • Raytheon Company
  • Northrop Grumman Corporation
  • L3Harris Technologies, Inc.
  • Aselsan A.S.
  • FLIR Systems, Inc.
  • Rafael Advanced Defense Systems Ltd.
  • Ultra Electronics Holdings PLC
  • MOOG, Inc.
  • Elbit Systems Ltd.
  • Sagem (Safran)
  • Hensoldt
  • Terma A/S
  • Qioptiq Ltd.
  • Collins Aerospace (Raytheon Technologies)
  • Israel Aerospace Industries Ltd.
  • Leonardo S.p.A.
  • Rheinmetall AG
  • Boeing Defense, Space & Security

Targeting Pods Market Recent Developments

  • In January 2024, Researchers at Southeast University in Nanjing, China, unveiled the design of their next-generation electronic warfare (EW) weapon in a peer-reviewed journal. Distinguishing itself from existing EW weapons, the Chinese-developed weapon purportedly has the capability to emit multiple beams of electromagnetic waves from a single antenna, enabling it to target multiple objects simultaneously. 
  • In February 2024, The US Air Force is embarking on an innovative partnership with defense giant Northrop Grumman to introduce a groundbreaking advancement to the skies—the LITENING Large Aperture (LA) targeting pod. Revealed by Northrop Grumman on Tuesday, February 13, this collaboration represents more than just an enhancement; it signifies a revolution in illuminating the darkness and targeting elusive entities. 
  • In October 2023, SAP SE honored six global partners with awards for excellence in the Intelligent Spend and Business Network line of business (LoB) during the SAP Spend Connect Live event held in Vienna.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Targeting Pods Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Targeting Pods Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Targeting Pods Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Targeting Pods Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Targeting Pods Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Targeting Pods Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Targeting Pods Market size was valued at USD 4.05 billion in 2022 and is poised to grow from USD 4.33 billion in 2023 to USD 7.46 billion by 2031, at a CAGR of 7.02% during the forecast period (2024-2031).

The Targeting Pod Market is seeing growth around the globe. This is thanks to the industries that are contributing their best to the market. The company is focusing on growth factors and marketing opportunities to help the market reach its goals. Lockheed Martin is promoting its Sniper advanced targeting pod to military buyers around the world; the pod is expanding its reach into the Middle East military market. 'Lockheed Martin Corporation', 'Thales Group', 'Raytheon Company', 'Northrop Grumman Corporation', 'L3Harris Technologies, Inc.', 'Aselsan A.S.', 'FLIR Systems, Inc.', 'Rafael Advanced Defense Systems Ltd.', 'Ultra Electronics Holdings PLC', 'MOOG, Inc.', 'Elbit Systems Ltd.', 'Sagem (Safran)', 'Hensoldt', 'Terma A/S', 'Qioptiq Ltd.', 'Collins Aerospace (Raytheon Technologies)', 'Israel Aerospace Industries Ltd.', 'Leonardo S.p.A.', 'Rheinmetall AG', 'Boeing Defense, Space & Security', 'In January 2024, Researchers at Southeast University in Nanjing, China, unveiled the design of their next-generation electronic warfare (EW) weapon in a peer-reviewed journal. Distinguishing itself from existing EW weapons, the Chinese-developed weapon purportedly has the capability to emit multiple beams of electromagnetic waves from a single antenna, enabling it to target multiple objects simultaneously. ', 'In February 2024, The US Air Force is embarking on an innovative partnership with defense giant Northrop Grumman to introduce a groundbreaking advancement to the skies—the LITENING Large Aperture (LA) targeting pod. Revealed by Northrop Grumman on Tuesday, February 13, this collaboration represents more than just an enhancement; it signifies a revolution in illuminating the darkness and targeting elusive entities. ', 'In October 2023, SAP SE honored six partners with awards for excellence in the Intelligent Spend and Business Network line of business (LoB) during the SAP Spend Connect Live event held in Vienna.'

The pod is an electronic device that can assist ground attack by identifying targets at a low altitude and directing the munitions to those targets. The need for enhancing air force defense systems around the world is expected to drive the pod market. As infrared technologies become more popular, the market is opening up new opportunities for companies that produce infrared devices and forward-thinking infrared technologies. This will create growth for the market players. The targeting pod provider needs to find a pod that works well in low light and bad weather conditions.

Pods are used for combat missions for surveillance and attacking targets located on the ground. They can be deployed on multiple platforms, including fighter aircraft, helicopters, and unmanned aerial vehicles. With the advent of new technology, the targeting pod technology is evolving to better meet the needs of challenging combat missions. Several well-known manufacturers, including Northrop Grumman Corporation, Thales Group, and Raytheon Company, are constantly upgrading their targeting pods to meet the demand from air force agencies across the globe for technologically advanced targeting pods.

Europe is expected to be the dominant player in the targeting pod market during the forecast period, thanks to increased investment in upgrading programs for targeting pods and advanced technologies by countries such as the U.K. and France. The region has a number of technologically advanced companies, which has helped to promote economic growth.

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Global Targeting Pods Market

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