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Global Targeting Pods Market is valued at USD 3878.1 Million in 2020 and expected to reach USD 6026.4 Million by 2027 with a CAGR of 6.5% over the forecast period.
Increasing defense budgets of various countries and growing demand of aircraft targeting systems are the significant factors driving the growth of the Global Targeting Pods Market.
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Ground attack aircraft use Targeting Pods to identify targets and guide precision guided munitions (PGM) such as laser guided bombs to those targets. The design of laser guided bombs requires “laser spot tracker” that locates reflected pulsed laser light from a designated target. Many Targeting Pods or installations use the sensor as the laser spot tracker to receive the reflected rangefinder signal, so they can perform both ranging and tracking. All sensors are integrated into a single pod in Targeting Pods to enable many missions, such as target detection, recognition, and identification, laser at stand-off, EO tracking of multi-stationary objects, auto detection of multiple dynamic and aerial targets, and so on. There are various types of Targeting Pods like laser spot tracker pods, laser designator pods, FLIR pods, FLIR and laser designator pods and radar homing pods.
Targeting Pods offer superior targeting capabilities via exceptionally long detection, ID ranges, and recognition. It uses MWIR, SWIR, HD color sensors. Targeting Pods enables cooperative missions with target hand-over by laser spot detection and laser marking, utilizing night Vision goggles. Targeting Pods are used in aircraft and military forces i.e. in the defense sector to detect the targets. In 1960 first Targeting Pods were developed in conjunction with the earliest generation of PGMs.
Some major key players for global targeting pods market report cover prominent players like Lockheed Martin (US), Thales group (France), Raytheon Company (US), Aselsan (Turkey), L-3 technologies (US), Northrop Grumman (US), Ultra Electronics(UK), Israel Aerospace Industries (Isreal), MOOG lnc.,(US), Flir Systems (US), Rafeal advanced Defense Systems Ltd. (Isreal) and Qioptik (Paris) and others.
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On October 2 nd , 2020; The French defense ministry had revealed that an Indian Air Force pilot was given a demonstration of a new target acquisition system meant for the Rafale fighter. The French defense ministry informed on its website earlier this week that an Indian Air Force pilot on a Rafale F3R fighter on September 22 that was equipped with the TALIOS target acquisition pod. The TALIOS (Targeting Long-Range Identification Optronic System) was developed by French company Thales and deliveries to French navy and air force began in 2018. The French defense ministry said the purpose of the flight is to demonstrate the capabilities of THLIOS in the air-to-air, air-to-ground and air-to-sea domains.
The Asia Pacific region is expected to witness the fastest growth in the global Targeting Pods market owing to the increasing research and development activities and growing investments in defense services. Europe is expected to capture a significant share in the global targeting pods market over the forecast period due to the presence of prominent targeting pods providers in this region. For instance; according to Russian and Chinese Combat air Trends 2020, Russian aerospace forces maintained an active service inventory of 795 fast jet aircraft alongside 126 heavy bomber aircraft while the naval aviation of the Navy operated a further 126 fast jets. The Su-27 was initially developed by Russia as a superior air fighter. VKS Sukhoi Su-30SM also developed. As per the news published in November 2018, Thales Group reports that its new generation Talios laser targeting pods successfully completed qualification testing by the French defense procurement agency (DGA).
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