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The global targeting pods market is expected to witness growth at a CAGR of 6.30% during the forecast period 2023 to 2030. Get more insights into the blog.
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TargetingPodsMarket:ComponentsRedefineMilitaryOperations Withmilitaryinvestmentsandmodernizationeffortssoaringglobally,thedemandforadvancedtargetingpodshasincreased.AsperTritonMarketResearch’sanalysis,theglobal targeting podsmarketisprojectedtoadvanceataCAGRof6.30%from2023to2030.Thisgrowthisheavilypromptedbytheneedforenhancedsurveillance,intelligencegathering,andaircraftupgradationinmilitaryoperations. AccordingtoStockholmInternationalPeaceResearchInstitute,in2021,globalmilitaryspendingsurgedby0.7%,reachingaround$2113billion.Amongthenations,theUS,India,China,Russia,andtheUKwerethelargestspenders,collectivelyaccountingfor62%ofthetotalexpenditure.ThisrisehaspavedthewayforR&Dtoadvancetargetingpodsbyintegratingcutting-edgecomponents,includingsensors,videodatalinks,CCDcameras,etc. Let’slookdeeperintotherolecomponentsplayinwideningmarketscopeintheglobalbusinesslandscape: 1.EnhancedSensorTechnology: FLIRsensorsareamongthekeycomponentsgainingtraction,owingtotheirabilitytoassistpilotsindetectingtargetsinfoggyclimatesusingshort-waveIRimaging.ThetechnologyalsooffersGUIcontrolandbattledamageassessment.Alongwiththis,sensorsmountedinforward-lookinginfraredcamerasassistpilotsinguidingtheiraircraftinthedarkandfogviainfraredradiationdetection.This haspredominantlyexpandedtheirintegrationformilitaryoperations.
Forinstance,inDecember2022,LeonardoDRSobtainedacontract(wortharound$39.5million)fromtheUSArmytodeployFLIRsensorsforhigh-valueplatformsacrossthearmyfleet.Forinstance,inDecember2022,LeonardoDRSobtainedacontract(wortharound$39.5million)fromtheUSArmytodeployFLIRsensorsforhigh-valueplatformsacrossthearmyfleet. AdvancedResolutionwithCCDCamera: ChargeCoupledDevicesorCCDcamerashavegainedprominenceinrecentyearstocapturestillandmovingimages,accuratelycapturingtargetlocationandmovement.Sincetheyprovideenhancedpicturequalityanddecreasednoise,theyareexpectedtowitnesssubstantialgrowthovertheforecastperiod.Inthisregard,theLITENINGAdvancedTargeting(AT),aprecisiontargetingpod,includesaCCD-TVcameratogaintargetimagesintheelectromagneticspectrum’svisiblesection. ThegrowingdeploymentofunmannedvehicleshasalsoacceleratedtheadoptionofCCDcameras.Forexample,theStarSAFIRE380-HDcbyTeledyneFLIRfeaturesahigh-definitionCCDcamerawithadigitalinertialmeasuringunitandGPSfortargetgeo-locationabilities. PrecisionwithVideoDatalinks: Videodatalinksplayapivotalroleinenhancingthefunctionalityoftargetingpods,offeringreliablemeanstotransmitreal-timedatafromaircrafttogroundstations.Inthisregard,LockheedMartin’stwo-wayvideodatalinkfortheSniperAdvancedTargetingPodenablesforwarddeployingforcestoacquirethelivefootageofSniper,enablinganalysisofuplinkedtacticalvideo.Thevideodatalinkiscustomizableduetothemodularconfigurationofthepod. Further,NorthropGrummanCorporation’sLITENINGAdvancedTargeting(AT)wasselectedtoreplacethelegacytargetingpodsintheUSNavy’sfleet.Inapressrelease,JamesConroy,NorthropGrumman’sVicePresidentofnavigation,targeting,andsurvivability,said,“Thepod’sdigitalvideo,autonomoustargettracking,andlasersensorswillgiveNavalaviatorsanentirelynewsetofcapabilitiesforoperationsoverlandandseatoday,andthegrowthcapabilitiesbuiltintoLITENING’smodulardesignensurethatthepodcanevolvetomeetchangingrequirements.” SuchstrategicstepsandtechnologicaldevelopmentsthusboosttheNorthAmericantargetingpodsmarket,spearheadedbytheUS. Laser-InfusedPodsGrantsTacticalAdvantage Laserandinfraredarepresentlywidelyoptedsystemsoverradarastheyarelessreadilydetectablebyenemies,enablingefficienttargetdetectionandattack.Amongthese,lasersaregainingsignificantfocusforaerialweaponryduetotheirpreciserangedatacomparedtoothersystems.Inthisscenario,everydivisionoftheUSarmedforceshascreateditsnicheforlasertechnologies,rangingfromlaserdesignatorstolaserspottrackers.TheLockheedMartinAN/AAS-38NiteHawkconsistsofalaserdesignatorandtrackerwithlaser-guidedmunitions. Precision-guidedammunitionsenableaccuracyinstrikingtargetsaswellasdecreasecasualtiesandweapons’ wastage.Hence,integratinglasertechnologytoimprovewarfaretechniquesandenableprecisionstrikesisprobabletowidentheglobaltargetingpodsmarketscopeovertheforecastperiod. FAQs:
Q1)Whicharethenotablecompaniesinthetargetingpodsmarket? ThalesGroup,LockheedMartinCorporation,NorthropGrumman,andFLIRSystemsaresomenotablecompaniesinthetargetingpodsmarket. Q2)Whatfactorsdrivethetargetingpodsmarket’sgrowth? Factorssuchasgrowingdemandforaircraftmodernization,increasinggovernmentmilitaryexpenditure,andborderdisputesdrivethetargetingpodsmarket’sgrowth.