Targeting Pods Market Outlook - 2027
The global targeting pods market is experiencing a significant growth due to increasing demand for enhanced targeting systems. Targeting pods are target designation devices that identify & guide weapons on the designated target. Targeting pods are used in precision-guided munitions (PGM) such as laser-guided weaponry. In addition, targeting pods can be of various types depending on the technology usage for target designation such as laser designator, electro-optical sensor, and radar. Moreover, targeting pods can be used as surveillance system to detect, auto-track, and identify targets over long distances utilizing laser spot tracker for receiving reflected range-finder signal.
COVID-19 scenario analysis:
Targeting pod system manufacturers are forced to shut down production operations due to government-imposed lockdown to slow the spread of COVID-19.
Military agencies are witnessing delay in procurement of targeting pods due to disruption in supply chain caused by the government initiatives to control the COVID-19 outbreak.
Governments worldwide are diverting financial resources to healthcare services as priority in the wake of COVID-19 pandemic, hence creating budget constraints for military agencies.
Research & development of targeting pod system is adversely affected due to lack of workforce caused by the travel bans imposed by governments globally to slow the spread of COVID-19.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in military aircraft upgradation program, demand for aircraft payload-based targeting systems, and rise in adoption of short-wave infrared (SWIR) are the factors that drive the global targeting pods market. However, high cost associated with development & development of targeting pods and stringent policies against transfer of technology hinder the market growth. Contrarily, developments in optical electro-targeting systems, space warfare technology, and fifth-generation fighter aircrafts present new pathways in the industry.
The global targeting pods market trends are as follows:
Surge in military aircraft upgradation program
Military agencies are investing in procurement of modern targeting pods for integration into aging aircrafts to enhance target engagement capabilities. For instance, in 2020, United Arab Emirates Air Force & Air Defense (UAE-AFAD) awarded a contract to Lockheed Martin Corporation (defense & aerospace manufacturer headquartered in Maryland, US) for delivery of sniper advanced targeting pods (SATP) to be integrated with UAE’s existing Mirage 2000 fleet. SATP will enhance precision targeting capability of Mirage 2000, which is a fourth-generation multi-role jet fighter developed by Dassault Aviation (aerospace & defense manufacturer based in Paris, France). Such military aircraft upgradation program is expected to boost the global targeting pods market.
Rise in adoption short-wave infrared (SWIR)
Short-wave infrared usage in targeting systems enable enhanced visibility in presence of any obscurant such as smoke or fog. Recently, in 2020, Rafael Aerospace Defense Systems (aerospace & defense manufacturer headquartered in Haifa, Israel) received an order for 5th generation Litening targeting pod for an undisclosed customer. Litening 5 is a multi-spectral airborne targeting pod that deliver real-time high-definition images using FLIR, SWIR, and day HD color camera. Moreover, Litening 5 can be integrated with all air-to-surface smart weapon systems such as GPS-guided, laser-guided, and IR-guided munitions. Such adoption of short-wave infrared (SWIR) in targeting pods will drive the global targeting pods market.
Key benefits of the report:
- This study presents the analytical depiction of the global targeting pods industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global targeting pods market share.
- The current market is quantitatively analyzed to highlight the global targeting pods market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global targeting pods market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the targeting pods market research report:
- Which are the leading market players active in the targeting pods market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Targeting Pods Market Report Highlights
| Aspects | Details |
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 Key Market Players | Rafael Advanced Defense Systems Ltd, FLIR Systems, Oioptik., MOOG Inc., Raytheon Company, Israel Aerospace Industries, Northrop Grumman, Ultra Electronics, Thales Group, Lockheed Martin Corporation |
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