Targeting Pods Market is projected to witness approximately 6.40% CAGR by 2030

May, 2023 Research Report on The Global Targeting Pods market projected to register at CAGR 6.40% from 2022 to 2030.

Market Highlights:

Targeting Pods Market Size Valued at USD 4.5 Billion, market Grow at a CAGR Of 6.40% by 2022-2030

Targeting pods are electronic devices used by ground-attack aircraft for identifying targets and guiding Precision-Guided Munitions (PGM), such as laser-guided bombs, to those targets. This will benefit the air-to-ground attacks in autonomous or cooperative mode, using integrated laser spot tracker.

The increased need for futuristic technologies, such as infrared technologies, thermally cooled infrared devices, and forward-looking infrared technology, will enable the manufacturers to offer new growth opportunities to the market players. The factors driving the growth of the global targeting pods market are increasing military aircraft procurement and upgrades of existing aircraft across the world. However, there are some shortcomings in the operative performance of the targeting pods such as technical constraints of manufacturing targeting pods.

On the basis of region, the targeting pods market is segmented into America, Asia Pacific, Europe, and Rest of the World. In the European region, the increased spending on advanced airborne targeting systems by countries such as the U.K, France, and Russia and the upgrade and procurement of targeting pod-based aircraft. In the Asia Pacific region, there is an increasing need for national security and increased defense budgets of developing countries, which will boost the targeting pods market during the forecast period.

Key Players

The key players in global Targeting Pods market are Lockheed Martin (U.S.), Aselsan (Turkey), Thales Group (France), Raytheon Company (U.S.), Northrop Grumman (U.S.), L-3 Technologies  (U.S.), Ultra Electronics (U.K), Israel Aerospace Industries (Israel), MOOG Inc. (U.S.), Flir Systems (U.S.), Rafael Advanced Defense Systems Ltd. (Israel), and Qioptik (Paris).

Meanwhile, Northrop Grumman was awarded a contract worth USD 116 million by the U.S. military to modernize the latter’s advanced targeting systems. These upgrades would improve the range and resolution capabilities of targeting pods. Similarly, Ultra Electronic Holdings Plc signed a contract with the U.K. Eurofighter Typhoon aircraft to provide airborne laser targeting pods.  

The scope of the Report

This study provides an overview of the Global Targeting Pods Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Targeting Pods market by its type, component, platform, fit, and region.

By Type

• FLIR & Laser Designator


• Laser Spot Tracker

By Component

• FLIR Sensor


• CCD Camera


• MMS


• ECU


• HD TV


• Video Datalink

By Platform

• Combat Aircraft


• Helicopters


• A.V.


• By Fit


• OEM Fit


• Upgrade

By Region

• America


• Europe


• Asia Pacific


• The Middle East & Africa


• South America