What is the global market size of the Targeting Pods Market?

The global market size of the Targeting Pods Market was valued at USD 4.11 billion in 2021 and is projected to grow from USD 4.46 billion in 2022 to USD 8.64 billion by 2030, with a CAGR of 8.6% during the forecast period (2023-2030).

Who are the key vendors in the Global Targeting Pods Market?

Key vendors in the Global Targeting Pods Market include 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, and Boeing Defense, Space & Security.

What is the key driver of the Global Targeting Pods Market?

The key driver of the Global Targeting Pods Market is the increasing need for enhancing air force defense systems worldwide. As infrared technologies gain popularity, new opportunities are emerging for companies producing infrared devices and technologies. Manufacturers are focusing on developing targeting pods that perform well in low light and adverse weather conditions.

What is the key market trend for the Global Targeting Pods Market?

The key market trend for the Global Targeting Pods Market is the evolution of targeting pod technology to meet the demands of challenging combat missions. Manufacturers such as Northrop Grumman Corporation, Thales Group, and Raytheon Company are constantly upgrading their targeting pods to meet the demands for technologically advanced solutions from air force agencies worldwide.

Top Targeting Pods Companies

Q: Which region accounted for the largest share in the Global Targeting Pods Market?

Europe is expected to account for the largest share in the Global Targeting Pods Market during the forecast period. This is attributed to increased investment in upgrading programs for targeting pods and advanced technologies by countries such as the U.K. and France. Europe has several technologically advanced companies contributing to the market's growth.

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Targeting Pods Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Targeting Pods industry players.

Targeting Pods Market Competitive Landscape

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.

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FAQs

Targeting Pods Market size was valued at USD 5.28 Billion in 2024 and is poised to grow from USD 5.63 Billion in 2025 to USD 9.46 Billion by 2033, growing at a CAGR of 6.7% during the forecast period (2026–2033).

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 (USA)', 'Northrop Grumman Corporation (USA) ', 'Leonardo S.p.A. (Italy) ', 'Thales Group (France) ', 'L3Harris Technologies (USA) ', 'BAE Systems (UK) ', 'Elbit Systems Ltd. (Israel) ', 'General Atomics (USA) ', 'Rafael Advanced Defense Systems (Israel) ', 'Israel Aerospace Industries Ltd. (Israel) ', 'FLIR Systems, Inc. (USA) ', 'Ultra Electronics Holdings plc (UK) ', 'Moog Inc. (USA) ', 'Textron Inc. (USA) ', 'Aselsan A.S. (Turkey) ', 'Bharat Electronics Limited (India) ', 'CACI International Inc. (USA)'

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.

Top Targeting Pods Companies

Targeting Pods Market Competitive Landscape

FAQs

What is the global market size of Targeting Pods Market?

Who are the key vendors in the Targeting Pods Market?

What is the key driver of Targeting Pods Market?

What is the key market trend for Targeting Pods Market?

Which region accounted for the largest share in Targeting Pods Market?

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