FLIR & Laser Designator Targeting Pods Market Size was valued at USD XX Billion in 2022. The FLIR & Laser Designator Targeting Pods market industry is projected to grow from USD XX Billion in 2023 to USD XX Billion by 2032, exhibiting a compound annual growth rate (CAGR) of XX% during the forecast period (2023 - 2032). Increased demand for growing targeting systems and rising demand for targeting pods are the key market drivers enhancing market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for FLIR & laser designator targeting pods is driven by the rising demand for targeting systems. Targeting pods are becoming increasingly integrated into defense aircraft because they are crucial for locating and hitting targets during combat. Improvements in optical electro-targeting systems over the past three decades have paved the way for better targeting pods. These advancements have led to smaller plug-and-play devices in airplanes as force multipliers.
 Additionally, the considerable advancement in optical targeting systems, where electro-optical sighting throughout the day and infrared sighting at night are gradually employed, is another factor to significantly increase demand for targeting pods. The notable advancement in optical targeting systems, where electro-optical sighting throughout the day and infrared sighting during the night is growing used to ensure aircraft can drive around the clock, is another factor driving significant demand for targeting pods in the anticipated period. Technological advancements have made it viable to create cutting-edge optical targeting pods with advanced components, including infrared radars, laser designators, and electro-optics.
Targeting pods come with cutting-edge capabilities, including built-in GPS, which gives users access to exact target location information and the ability to save and exchange data with other users via wired and wireless connections for improved communication. They also enable users to get clear pictures of targets on touchscreen color displays. Thanks to their Ground Moving Target Indication (GM TI) feature, targeting pods can identify moving ground vehicles. They also provide the option to record mission histories, letting users to save a lot of information. Furthermore, other drivers include ongoing research and development, expanding SWIR and MMP applications, and rising military aircraft purchases by various nations. As a result, demand for FLIR and Laser designator targeting pods is increasing throughout the projection period due to the rising terrorist activities. Thus driving the FLIR & Laser Designator Targeting Pods market revenue.
FLIR & Laser Designator Targeting Pods Component Insights
The  FLIR & Laser Designator Targeting Pods market segmentation, based on components, includes the environment control unit, charged coupled device (CCD) camera, digital data recorder, processor, FLIR Sensor, and others. The FLIR sensor segment dominated the market, accounting for the largest revenue. FLIR sensors offer enhanced functionalities like web browser GUI control and Battle Damage Assessment (BDA) capability. Short-wave IR imaging assists pilots in detecting targets in a foggy climate. Also, it enables them to assess damages inflicted on a target.
FLIR & Laser Designator Targeting Pods Fit Insights
The  FLIR & Laser Designator Targeting Pods market segmentation, based on fit, includes OEM fit and upgradation. The OEM fit category generated the most income. Technological advancements increased defense expenditure in developing countries, and various governments' growing adoption of targeting pods to enhance security measures are driving the OEM fit segment. Technological advances have led to the development of advanced targeting systems such as FLIR Exx-Series that provide users Wi-Fi connectivity and laser-assisted autofocus.
Figure 1: Â FLIR & Laser Designator Targeting Pods Market, by Fit, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
FLIR & Laser Designator Targeting Pods Platform Insights
The  FLIR & Laser Designator Targeting Pods market segmentation, based on platform, include UAVs, combat aircraft, attack helicopter, and bombers. The combat aircraft segment generates the most income due to advantageous characteristics such as stealth design, a big payloader, and an integrated radar. Combat aircraft also come equipped with laser rangefinders, which enable pilots to estimate a target’s distance using a laser beam. They also give the laser rangefinder an eye-safe mode, enhancing user safety.
FLIR & Laser Designator Targeting Pods Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Due to increased expenditure on sophisticated airborne targeting systems by economies, the North American FLIR & Laser Designator Targeting Pods market will lead this market. Furthermore, rising defence spending will drive market expansion in this area.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Â FLIR & LASER DESIGNATOR TARGETING PODS MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe FLIR & Laser Designator Targeting Pods market accounts for the second-largest market share due to the increasing expenditure on advanced airborne targeting systems and the upgradation and procurement of targeting pod-based aircraft. Further, the German FLIR & Laser Designator Targeting Pods market held the largest market share, and the UK FLIR & Laser Designator Targeting Pods market was the fastest growing market in the European region.
The Asia-Pacific FLIR & Laser Designator Targeting Pods Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising demand for public safety. Moreover, China’s FLIR & Laser Designator Targeting Pods market held the largest market share, and the Indian FLIR & Laser Designator Targeting Pods market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the FLIR & Laser Designator Targeting Pods market grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the FLIR & Laser Designator Targeting Pods industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s use in the  FLIR & Laser Designator Targeting Pods industry to benefit clients and increase the market sector. In recent years, the FLIR & Laser Designator Targeting Pods industry has offered some of the most significant advantages to defense sector. Major players in the FLIR & Laser Designator Targeting Pods market, including Oioptik., Raytheon Company, Lockheed Martin Corporation, Ultra Electronics, Northrop Grumman, Thales Group, MOOG Inc., Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries, FLIR Systems, and others, are attempting to increase market demand by investing in R&D operations.
The Lockheed Martin Corporation is an American company with  interests in aerospace, weapons, defense, information security, and technology. Its main office is in North Bethesda, Maryland, near Washington, D.C. In the danger its clients face, the company must innovate at a scale and with greater agility than ever to meet their most difficult issues. Lockheed Martin’s operations are being digitally transformed throughout the design and production process to serve their needs better, providing the highest efficiency level without compromising quality. An interconnected force is a combined force. To boost capabilities and connectivity, its strategy for 21st Century Security incorporates 5G technology into its tried-and-true platforms and the most cutting-edge commercial solutions. In September 2023, the first F-16 Block 70 aircraft belonging to the Slovak Republic was unveiled. The F-16 is a viable and strategic option for many clients worldwide.
Northrop Grumman is a well-known supplier of military technologies and a major  aerospace and defense firm. The company's four business segments comprise innovation systems, technology services, mission systems, and aircraft systems. Its main office is in Falls Church, Virginia, in the US. To address the constantly changing requirements of its customers ly, Northrop Grumman novelties solutions to the most stimulating problems in space, aeronautics, defense, and cyberspace. In September 2022, Northrop Grumman declared that testing of the LITENING advanced targeting pod on the F/A-18 Super Hornet of the US Navy had been successful. Aviators utilize it to conduct search and rescue operations, intelligence, surveillance, humanitarian aid, and targeting.
Key Companies in the FLIR & Laser Designator Targeting Pods market include
For Instance May 2022 Thales Group reported that the French defense procurement agency (DGA) has placed a second order for 21 TALIOS pods in addition to the previous contract for 46 TALIOS systems. By 2025, TALIOS Pods will equipped with the French Navy, Air Force, and Space Force.
For Instance May 2021 The maiden flight test of the F/A-18E/F Super Hornet equipped with Sniper® Advanced Targeting Pod (ATP) for the Kuwait Air Force, thanks to the cooperation of Lockheed Martin and the US Navy.
FLIR & Laser Designator Targeting Pods Component Outlook
FLIR & Laser Designator Targeting Pods Fit Outlook
FLIR & Laser Designator Targeting Pods Platform Outlook
FLIR & Laser Designator Targeting Pods Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD XX Billion |
| Market Size 2023 | USD XX Billion |
| Market Size 2032 | USD XX Billion |
| Compound Annual Growth Rate (CAGR) | XX% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Fit, Platform, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Oioptik, Raytheon Company, Lockheed Martin Corporation, Ultra Electronics, Northrop Grumman, Thales Group, MOOG Inc., Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries, FLIR Systems |
| Key Market Opportunities | Product innovation and development |
| Key Market Dynamics | Increasing demand for rising targeting systems |
Frequently Asked Questions (FAQ) :
The FLIR & Laser Designator Targeting Pods market size was valued at USD XX Billion in 2022.
The market is projected to grow at a CAGR of XX% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Oioptik, Raytheon Company, Lockheed Martin Corporation, Ultra Electronics, Northrop Grumman, Thales Group, MOOG Inc., Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries, and FLIR Systems.
The OEM fit category dominated the market in 2022.
The bombers had the largest share in the market.
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