As per Inkwood Research, the Global Targeting Pods Market is projected to register a CAGR of around 6% in terms of revenue during the forecasting period of 2023-2032.
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Targeting pods are electronic devices that assist ground attack aircraft in identifying targets at low altitudes and guide the munitions accordingly. The global targeting pods market growth is driven by the need to strengthen the air force defense system. Aligning with this, the rising demand for infrared technologies, forward-looking infrared technologies (FLIR), and thermally cooled infrared devices offer growth opportunities.
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Emergence of New Technologies to increase Battlefield Capability
The three major innovations changing warfare are sustaining the arms race, rising advanced weapons costs, and asymmetric battlefield. The increasing number of non-lethal and disruptive weapons has rendered modern warfare more asymmetrical. This has further raised the need for military forces to provide a strategic defense. In addition, the uncertainty across borders and conflicts among nations have increased demand for sensor-embedded ballistic defense like unmanned vehicles, bulletproof helmets, armored vehicles, autonomous technology, etc.
Furthermore, there has been a rise in detection and visualization features with real-time systems leveraging advanced pattern recognition, massive storage, and data sharing. Also, the Department of Defense (DOD) Information Analysis Center (IAC) has set up a Sensing Information Analysis Center (SENSIAC). It specializes in radar, acoustic, laser, and electro-optical measurement and response techniques and electronic warfare & data fusion alongside chemical, biological, and nuclear sensors. Such developments supplement growth and development opportunities for the analyzed market.
Laser Designator Pods are the Prominent Pod Type
A laser designator is a laser range finder with enhanced capabilities and can be used to direct a laser-guided weapon to a target. It is programmed to ensure the weapon reaches the target. The code on the tracker is a type of Morse code. Coding facilitates versatility since the designator will be in the air or on the ground. When paired with numerous lasers, this versatility offers an infinite range of air-to-ground and ground-to-ground lazing systems and weapons delivery solutions on a battleground.
North America is the Dominating Region
The North America targeting pods market growth is attributed to the strong investments in the air force and the mergers & acquisitions among the prominent market players. For instance, the US Air Force selected Lockheed Martin to update more than 680 snipers with advanced targeting pods on the multinational B-1, F-15, A-10, B-52, etc. and Typhoon aircraft.
Some of the leading players in the global targeting pods market include L3Harris Technologies, Lockheed Martin, Thales Group, etc.
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