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3. Ultra Electronics (UK), and Israel Aerospace Industries (Israel) are Some of the Leading Players in the Targeting Pods Market

The targeting pods market is estimated to grow from an estimated USD 3.26 Billion in 2017 to USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. The targeting pods market is a technologically advanced and a very product-specific market with a limited number of players. Factors such as growing demand for better targeting systems and increasing number of fighter aircraft upgradation programs by air forces and militaries worldwide are expected to drive the targeting pods market in the coming years.

The industry players concentrate on acquiring long-term contracts to grow in the targeting pods market. They also focus on long-term opportunities from emerging economies. Their core competency is their wide geographical presence. The key players in the targeting pods market have been identified through the annual market revenue generated by them from various business segments, and from contracts for the delivery of targeting pods and upgradation programs of various militaries. Lockheed Martin (US), Aselsan (Turkey), L-3 Communications Holding (US), Ultra Electronics (UK), and Israel Aerospace Industries (Israel) are some of the leading players in the targeting pods market. Europe and Asia Pacific are the leading markets for targeting pods market.

Lockheed Martin was founded in 1995 and is headquartered in Bethesda (US). The company has its presence in aerospace & defense, energy and space sectors. The company serves its customers through research, design, development, integration, and manufacture of advanced technology systems and related products and services in the aerospace, defense, security, and advanced technologies sectors. In 2017, the company received a contract from Bahrain for the sale of sniper targeting pods for Bahrain Defense Force’s existing fleet of F-16s. In 2016, Lockheed Martin received a contract for the sale of sniper targeting pods for the Eurofighter Typhoon Swing role fighters. The company focused on new product launches and acquisition of long-term contracts to grow in the targeting pods market.

Founded in 1975 and headquartered in Yenimahalle, Turkey, Aselsan provides military communication systems, naval systems, electronic warfare systems, space technologies, unmanned systems, energy systems, weapon systems, radar systems, electro-optics systems, and transportation systems. The company is active in the areas of defense, government electronics, and information technology. ASELPOD is a targeting pod system manufactured by the company and supplied under the electro-optics systems. Aselsan has adopted organic growth strategies to strengthen its presence in the targeting pods market. In May 2017, the company received a contract worth USD 24.9 million for the supply of its ASELPOD targeting pods from the Pakistan Air Force.

Related Reports:

Targeting Pods Market by Type (FLIR & Laser Designator Pods, Laser Spot Tracker), Component (FLIR Sensor, CCD Camera, MMS, ECU, HD TV, Video Datalink), Platform (Combat Aircraft, Helicopters, UAV), Fit (OEM Fit & Upgradation), and Region - Global Forecast to 2022

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