Targeting Pods Market Is Predicted To Raise At A CAGR: 6.3% Till 2025
(firmenpresse) - San Francisco, 12 Aug 2019 - The global targeting pods market size is expected to reach USD 5.21 billion by 2025, according to a study conducted by Grand View Research, Inc., exhibiting a CAGR of 6.3% during the forecast period. Rise in terrorist activities across the globe and growing adoption of targeting pods by developing countries have boosted the market. These devices provide users with enhanced security and targeting capabilities.
Rising interest of targeting pod companies in gaining a significant share in the defense market in regions such as Middle East is expected to drive the adoption of targeting pods. For instance, Raytheon Company formed a new subsidiary named Raytheon Emirates with an aim to enhance its position in the UAE defense market. Additionally, presence of prominent targeting pod providers such as Israel Aerospace Industries Ltd. is driving market growth in the region.
The Asia Pacific market is expected to witness considerable growth owing to increasing need for public safety. Development activities undertaken by defense organizations in countries such as India is also leading to the growth of the market. Additionally, increased defense budgets of developing countries in the region is boosting the market.
However, decreased defense expenditure in developed countries may hamper market growth. Additionally, high costs of development and maintenance of targeting pods are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other markets such as naval and defense.
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Further key findings from the study suggest:
FLIR and laser designator pods offer Ground Moving Target Indication (GMTI) capability. Therefore, the segment is expected to register the highest CAGR over the forecast period on the basis of type
FLIR sensors provide two-way communication and long-range target acquisitions. Thus, based on component, the segment is likely to exhibit the fastest growth rate through 2025
The OEM fit segment is anticipated to clock in the highest CAGR owing to increasing adoption of targeting pods by governments to enhance security measures
By way of platform, the UAV segment is anticipated to exhibit the highest CAGR owing to benefits offered such as convenience and enhanced battery life
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period owing to increased defense expenditure by countries such as China and India
Prominent industry participants include Thales Group; FLIR Systems, Inc.; L3 Technologies, Inc.; Raytheon Company; Lockheed Martin Corporation; and Smiths Detection Inc.
Grand View Research has segmented the global targeting pods market based on type, component, fit, platform, and region:
Targeting Pods Type (Revenue, USD Million, 2014 - 2025)
FLIR & Laser Designator Pods
Laser Designator Pods
FLIR Pods
Laser Spot Tracker Pods
Targeting Pods Component Outlook (Revenue, USD Million, 2014 - 2025)
FLIR Sensor
Charge Coupled Device (CCD) Camera
Environmental Control Unit (ECU)
Moving Map System (MMS)
Video Datalink
Digital Data Recorder
Processor
High Definition (HD) TV
Targeting Pods Fit Outlook (Revenue, USD Million, 2014 - 2025)
OEM Fit
Upgrades
Targeting Pods Platform Outlook (Revenue, USD Million, 2014 - 2025)
Combat Aircraft
Unmanned Aerial Vehicle (UAV)
Attack Helicopters
Bombers
Targeting Pods Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
US.
Canada
Europe
France
Germany
Russia
Asia Pacific
China
Japan
India
RoW
Israel
Unternehmensinformation / Kurzprofil:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 12.08.2019 - 14:39 Uhr
Sprache: Deutsch
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