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The objective of the Targeting Pods Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Targeting Pods Market.
Market Insights – The Targeting Pods Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Targeting Pods Market are-
Aselsan Corporation
FLIR Systems
Israel Aerospace Industries
Lockheed Martin Corporation
L-3 Communications
Northrop Grumman Corporation
Raytheon Company
Rafael Advanced Defense Systems Ltd.
Ultra-Electronics Holdings.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Targeting Pods Market value and growth drivers over the trend period of 2022-27. According to the report -
Targeting Pods market is likely to witness an impressive CAGR of 7.2% during the forecast period. The unprecedented growth of the market can be ascribed to the rising military aircraft procurement along with the upgradation of prevalent aircraft across the globe. The escalating military aircraft procurement by different countries has triggered off an upsurge in the demand for aircraft payload-based targeting system, i.e. targeting pods for capability improvement in precision targeting.
Segment Analysis:
Based on Component Type:
Based on the component type, the market is segmented as FLIR sensor, Charge Coupled Device (CCD) Camera, Environmental Control Unit (ECU), Moving Map System (MMS), video datalink, digital data recorder, processor, and high definition (HD) TV. The FLIR sensor segment is expected to remain dominant in the coming five years. The market is driven by the rise in spending on aircraft with precision attack capabilities under low light conditions.
Based on Region:
In terms of regions, Europe held the largest share of the targeting pods market in 2018, followed by Asia-Pacific and North America. Europe’s large share can be ascribed to the rising expenditure on advanced airborne targeting systems by economies, such as the UK, France, and Russia and upgradation and procurement of targeting pod-based aircraft. Russia was expected to emerge out as the leading market for targeting pods in Europe in 2018. The prime reason for Russia’s dominance of the European targeting pods market is owing to the country’s aircraft upgradation programs. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Targeting Pods Market?
l How the Targeting Pods Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Targeting Pods Market?
l What are the key strategies adopted by the major vendors to lead in the Targeting Pods Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Targeting Pods Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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