Market by Pod Class, Application, Component, Fitment Type, and Regional Outlook | Forecast 2023-2030
Targeting pods are tools used by attack aircraft to identify targets and
direct precision-guided weapons systems, such as laser-guided bombs, toward
them. These pods can identify moving ground vehicles due to the ground moving
target indication (GMTI) feature, distinguishing between moving and stationary
objects. Targeting pods offer an option to record mission histories, allowing
users to save a lot of information. As a result, several governments are
investing and enhancing their capacities by awarding contracts, helping them
meet the demands of the combatants, including reliability and sniper
availability.
According to Triton Market Research’s analysis, the Global Targeting Pods Market was valued at $XX million in 2022 and is expected to reach $XX million by 2030, growing at a CAGR of 6.30% during the forecast period 2023-2030.
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MARKET PERFORMANCE: DRIVERS,
CHALLENGES, AND TRENDS
The rising demand for aircraft modernization and
increasing government spending in the defense industry drive the overall
market’s growth. Optical
targeting pods (OTPs) in aircraft has gained significant prominence in the
global defense industry. In this regard, the introduction of a precision
targeting system wherein optical targeting facilitators employ laser beams to
define, classify, and track targets are driving this segment. Over the years,
enhancements in optical electro-targeting systems have significantly soared the
adoption of these pods. As a result, governments have soared their defense
spending. For instance, the Indian government recently announced its budget,
which included INR 5.94 trillion for defense spending in 2023, including a
capital outlay of INR 1.62 trillion for military modernization, a 13% increase
over last year’s budget estimates, and a 2% increase over the revised estimates
for 2022-23.
On
the flip side, expensive development and maintenance costs for targeting pods
and declining defense spending in wealthy nations are projected to restrain
market expansion. Fighter
aircraft targeting pods are expensive to deploy. A targeting pod costs around
$3 million. Furthermore, the costs of maintaining and repairing targeting pods
are high. The market is also
anticipated to be hampered by strict government restrictions governing the
import and export of defense goods.
Nevertheless,
technological advancements and rapid innovations in sensor technology are
expected to generate novel opportunities for the market. Accurate object detection and tracking are
essential for several vision-based applications, including surveillance,
vehicle navigation, driver assistance, activity recognition, etc. Numerous
strategies have been recommended to solve problems caused by distinctions in
occlusion circumstances, object appearance, sensor ego motion, etc. Researchers
have been concentrating on the visible light spectrum for a long time, along
with monocular or stereo camera systems for single and multiple cameras.
Unfortunately, methods that use visible light sensors in low-light situations
have not delivered satisfying results.
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KEY
GEOGRAPHIES COVERED:
●
North America: United States and Canada
●
Europe: United Kingdom, France, Germany, Spain, Italy, and Rest of
Europe
●
Asia-Pacific: China, Japan, India, Australia & New Zealand,
South Korea, ASEAN Countries, and Rest of Asia-Pacific
●
Latin America: Brazil, Mexico, and Rest of Latin America
●
Middle East and Africa: Saudi Arabia, Turkey, United Arab
Emirates, South Africa, and Rest of Middle East & Africa
SEGMENTATION ANALYSIS –
TARGETING PODS MARKET:
• Market by Pod Class:
o FLIR
and Laser Designator Pods
o Laser
Designator Pods
o FLIR
Pods
• Market by Application:
o Fighter
Aircraft
During the forecast period, the fighter aircraft
segment is expected to witness fast growth in terms of application. This growth will be supported by an increase
in expenditure on upgrading existing aircraft and new aircraft procurement
programs, primarily for precision ground attack capabilities. Combat aircraft
are outfitted with laser rangefinders, which allow pilots to estimate the
distance to a target using a laser beam. They also provide access to a laser rangefinder
with an eye-safe mode, which improves user safety.
o Attack
Rotary Platforms
o Bombers
o Unmanned
Aerial Vehicles
• Market by Component:
o Sensors
The market is being driven by an increase in spending on aircraft with
low-light precision attack capabilities. Improved features, including web
browser GUI control and Battle Damage Assessment (BDA) capability, are offered
by FLIR sensors. Pilots can analyze the damage done to a target and find
targets in a cloudy environment with the help of short-wave IR imaging.
o Environmental
Control Units
o Moving
Map System
o Display
System
o Connectors
o Image
Processors
o Video
Datalinks
o Digital
Data Recorder
o Charged
Coupled Device Camera
• Market by Size:
o Line
Fit
o Retro
Fit
COMPETITIVE LANDSCAPE
The targeting pods market by company profile helps dive into data about
the key players in this industry. The strategic initiatives for each of the
companies considered have been covered in detail.
Contract
(February 2022): Jordan Air Force and Lockheed Martin
The Royal Jordanian Air Force announced the purchase of 12 Lockheed
Martin F-16 Block 70 fighter jets from Lockheed Martin. Communication systems,
targeting pods, and munitions components such as guided missile tail kits were
all included to improve Jordan’s combat readiness and interoperability with its
American ally.
Collaboration (September
2022): US Navy and Northrop Grumman
Northrop Grumman Corporation’s LITENING advanced targeting pod completed
its first test flights on the F/A-18 Super Hornet of the United States Navy.
The Navy chose LITENING to replace the legacy targeting pods on the fleet.
KEY BENEFITS OF THE REPORT:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
●
The scope of the market report comprises the current scenario of
the global targeting pods market, along with a detailed overview of the
industry outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2023-2030.
FAQs:
Q 1) Which are the major
players in the targeting pods market?
ASELSAN AS., Thales Group, Raytheon Company, FLIR Systems Inc, Ultra
Electronics Holdings Plc, L3 Technologies Inc, and Northrop Grumman Corporation
are some of the major players in the market.
Q 2) What are the major
drivers for the targeting pods market?
Increasing demand for aircraft modernization and technological
advancements are among the major drivers for the targeting pods market.
1. GLOBAL
TARGETING PODS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE TARGETING PODS MARKET
2.2. KEY
INSIGHTS
2.2.1. ADVANCEMENTS
IN SENSOR TECHNOLOGY
2.2.2. IMPROVEMENTS
IN OPTICAL TARGETING SYSTEMS
2.2.3. IMPROVED
EFFICIENCY WHEN USED WITH LASER WEAPONS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.7. REGULATORY
FRAMEWORK
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT
LAUNCHES
2.8.3. INVESTMENTS
& EXPANSIONS
2.9. MARKET
DRIVERS
2.9.1. DEMAND
FOR AIRCRAFT MODERNIZATION
2.9.2. INCREASE
IN GOVERNMENT SPENDING IN THE DEFENSE INDUSTRY
2.9.3. UPSURGE
IN BORDER DISPUTES
2.10. MARKET
CHALLENGES
2.10.1. HIGH
MAINTENANCE AND INSTALLATION COSTS
2.10.2. REGULATIONS
AGAINST THE IMPORT AND EXPORT OF DEFENSE GOODS
2.11. MARKET
OPPORTUNITIES
2.11.1. EASY
TRAINING AND NAVIGATION
2.11.2. INCREASING
ADOPTION OF SWIR (SHORT WAVE INFRARED) IMAGING
3. GLOBAL
TARGETING PODS MARKET OUTLOOK - BY POD CLASS
3.1. FLIR
AND LASER DESIGNATOR PODS
3.2. LASER
DESIGNATOR PODS
3.3. FLIR
PODS
4. GLOBAL
TARGETING PODS MARKET OUTLOOK - BY APPLICATION
4.1. FIGHTER
AIRCRAFT
4.2. ATTACK
ROTARY PLATFORM
4.3. BOMBERS
4.4. UNMANNED
AERIAL VEHICLES
5. GLOBAL
TARGETING PODS MARKET OUTLOOK - BY COMPONENT
5.1. SENSORS
5.2. ENVIRONMENTAL
CONTROL UNITS
5.3. MOVING
MAP SYSTEM
5.4. DISPLAY
SYSTEM
5.5. CONNECTORS
5.6. IMAGE
PROCESSORS
5.7. VIDEO
DATALINKS
5.8. DIGITAL
DATA RECORDER
5.9. CHARGED
COUPLED DEVICE CAMERA
6. GLOBAL
TARGETING PODS MARKET OUTLOOK - BY FITMENT TYPE
6.1. LINE
FIT
6.2. RETRO
FIT
7. GLOBAL
TARGETING PODS MARKET – BY REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
OUTLOOK BY POD CLASS
7.1.2. MARKET
OUTLOOK BY APPLICATION
7.1.3. MARKET
OUTLOOK BY COMPONENT
7.1.4. MARKET
OUTLOOK BY FITMENT TYPE
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
OUTLOOK BY POD CLASS
7.2.2. MARKET
OUTLOOK BY APPLICATION
7.2.3. MARKET
OUTLOOK BY COMPONENT
7.2.4. MARKET
OUTLOOK BY FITMENT TYPE
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. SPAIN
7.2.5.5. ITALY
7.2.5.6. POLAND
7.2.5.7. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
OUTLOOK BY POD CLASS
7.3.2. MARKET
OUTLOOK BY APPLICATION
7.3.3. MARKET
OUTLOOK BY COMPONENT
7.3.4. MARKET
OUTLOOK BY FITMENT TYPE
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
& NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
OUTLOOK BY POD CLASS
7.4.2. MARKET
OUTLOOK BY APPLICATION
7.4.3. MARKET
OUTLOOK BY COMPONENT
7.4.4. MARKET
OUTLOOK BY FITMENT TYPE
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
OUTLOOK BY POD CLASS
7.5.2. MARKET
OUTLOOK BY APPLICATION
7.5.3. MARKET
OUTLOOK BY COMPONENT
7.5.4. MARKET
OUTLOOK BY FITMENT TYPE
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. SAUDI
ARABIA
7.5.5.3. TURKEY
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. THALES
GROUP
8.2. LOCKHEED
MARTIN CORPORATION
8.3. NORTHROP
GRUMMAN
8.4. THE RAYTHEON
COMPANY
8.5. FLIR
SYSTEMS
8.6. BAE
SYSTEMS PLC
8.7. SAAB
AB
8.8. L3
TECHNOLOGIES INC
8.9. QI
OPTIK
8.10. ISRAEL
AEROSPACE INDUSTRIES LTD
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL TARGETING PODS
MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF INVESTMENTS
& EXPANSIONS
TABLE 6: GLOBAL TARGETING PODS
MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 7: GLOBAL TARGETING PODS
MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 8: GLOBAL TARGETING PODS
MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 9: GLOBAL TARGETING PODS
MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 10: GLOBAL TARGETING
PODS MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA
TARGETING PODS MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA
TARGETING PODS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 13: NORTH AMERICA
TARGETING PODS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 14: NORTH AMERICA
TARGETING PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 15: NORTH AMERICA
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 16: EUROPE TARGETING
PODS MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 17: EUROPE TARGETING
PODS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 18: EUROPE TARGETING
PODS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 19: EUROPE TARGETING
PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 20: EUROPE TARGETING
PODS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC
TARGETING PODS MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
TARGETING PODS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC
TARGETING PODS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC
TARGETING PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 25: ASIA-PACIFIC
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 26: LATIN AMERICA
TARGETING PODS MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 27: LATIN AMERICA
TARGETING PODS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 28: LATIN AMERICA
TARGETING PODS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 29: LATIN AMERICA
TARGETING PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 30: LATIN AMERICA
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 31: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY POD CLASS, 2023-2030 (IN $ MILLION)
TABLE 32: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 33: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
TABLE 35: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL TARGETING
PODS MARKET, BY POD CLASS, 2022 & 2030 (IN %)
FIGURE 3: GLOBAL TARGETING
PODS MARKET, BY FLIR AND DESIGNATOR PODS, 2023-2030 (IN $ MILLION)
FIGURE 4: GLOBAL TARGETING
PODS MARKET, BY LASER DESIGNATOR PODS, 2023-2030 (IN $ MILLION)
FIGURE 5: GLOBAL TARGETING
PODS MARKET, BY FLIR PODS, 2023-2030 (IN $ MILLION)
FIGURE 6: GLOBAL TARGETING
PODS MARKET, BY APPLICATION, 2022 & 2030 (IN %)
FIGURE 7: GLOBAL TARGETING
PODS MARKET, BY FIGHTER AIRCRAFT, 2023-2030 (IN $ MILLION)
FIGURE 8: GLOBAL TARGETING
PODS MARKET, BY ATTACK ROTARY PLATFORMS, 2023-2030 (IN $ MILLION)
FIGURE 9: GLOBAL TARGETING
PODS MARKET, BY BOMBERS, 2023-2030 (IN $ MILLION)
FIGURE 10: GLOBAL TARGETING PODS
MARKET, BY UNMANNED AERIAL VEHICLES, 2023-2030 (IN $ MILLION)
FIGURE 11: GLOBAL TARGETING
PODS MARKET, BY COMPONENT, 2022 & 2030 (IN %)
FIGURE 12: GLOBAL TARGETING
PODS MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)
FIGURE 13: GLOBAL TARGETING
PODS MARKET, BY ENVIRONMENTAL CONTROL UNITS, 2023-2030 (IN $ MILLION)
FIGURE 14: GLOBAL TARGETING
PODS MARKET, BY MOVING MAP SYSTEM, 2023-2030 (IN $ MILLION)
FIGURE 15: GLOBAL TARGETING
PODS MARKET, BY DISPLAY SYSTEMS, 2023-2030 (IN $ MILLION)
FIGURE 16: GLOBAL TARGETING
PODS MARKET, BY CONNECTORS, 2023-2030 (IN $ MILLION)
FIGURE 17: GLOBAL TARGETING
PODS MARKET, BY IMAGE PROCESSORS, 2023-2030 (IN $ MILLION)
FIGURE 18: GLOBAL TARGETING
PODS MARKET, BY VIDEO DATALINKS, 2023-2030 (IN $ MILLION)
FIGURE 19: GLOBAL TARGETING
PODS MARKET, BY DIGITAL DATA RECORDER, 2023-2030 (IN $ MILLION)
FIGURE 20: GLOBAL TARGETING
PODS MARKET, BY CHARGED COUPLED DEVICE CAMERA, 2023-2030 (IN $ MILLION)
FIGURE 21: GLOBAL TARGETING
PODS MARKET, BY FITMENT TYPE, 2023-2030 (IN $ MILLION)
FIGURE 22: GLOBAL TARGETING
PODS MARKET, BY LINE FIT, 2023-2030 (IN $ MILLION)
FIGURE 23: GLOBAL TARGETING
PODS MARKET, BY RETRO FIT, 2023-2030 (IN $ MILLION)
FIGURE 24: GLOBAL TARGETING
PODS MARKET, BY REGIONAL OUTLOOK, 2022 & 2030 (IN %)
FIGURE 25: NORTH AMERICA
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 26: UNITED STATES
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: CANADA TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: EUROPE TARGETING
PODS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 29: UNITED KINGDOM
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 30: GERMANY TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 31: FRANCE TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: SPAIN TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: ITALY TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 34: POLAND TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 35: REST OF EUROPE
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 36: ASIA-PACIFIC
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 37: CHINA TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 38: JAPAN TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 39: INDIA TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 40: SOUTH KOREA
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 41: ASEAN COUNTRIES
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 42: AUSTRALIA & NEW
ZEALAND TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 43: REST OF
ASIA-PACIFIC TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 44: LATIN AMERICA
TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 45: BRAZIL TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 46: MEXICO TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 47: REST OF LATIN
AMERICA TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 48: MIDDLE EAST AND
AFRICA TARGETING PODS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 49: UNITED ARAB
EMIRATES TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 50: SAUDI ARABIA
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 51: TURKEY TARGETING
PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 52: SOUTH AFRICA
TARGETING PODS MARKET 2023-2030 (IN $ MILLION)
FIGURE 53: REST OF MIDDLE EAST
& AFRICA TARGETING PODS MARKET 2023-2030 (IN $ MILLION)