FLIR & Laser Designator Targeting Pods Market: by Component (Environmental Control Unit, Charged Coupled Device (CCD) Camera, Moving Map System, Digital Data Recorder, Processor, FLIR Sensor and Others), Fit (OEM Fit and Upgradation), and Platform (UAV, Combat Aircraft, Attack Helicopter and Bombers): Global Opportunity Analysis and Industry Forecast, 2021-2027 Market

FLIR & Laser Designator Targeting Pods Market Outlook – 2027 

The global FLIR (forward-looking infrared) & laser designator targeting pods market is experiencing a significant growth due to increasing demand for enhanced targeting systems. Forward-looking infrared & laser designator uses a thermographic camera that senses infrared radiation and a laser light source is used to designate a target. Targeting pods are target designation devices that identify & guide weapons on the designated target. In addition, targeting pods can be of various types depending on the technology usage for target designation such as laser designator, electro-optical sensor, and radar. Moreover, targeting pods can be used as surveillance system to detect, auto-track, and identify targets over long distances utilizing laser spot tracker for receiving reflected range-finder signal.

COVID-19 scenario analysis: 

• Targeting pod system manufacturers are forced to shut down production operations due to government-imposed lockdown to slow the spread of COVID-19.
• Military agencies are witnessing delay in procurement of targeting pods due to disruption in supply chain caused by the government initiatives to control the COVID-19 outbreak.
• Governments worldwide are diverting financial resources to healthcare services as priority in the wake of COVID-19 pandemic, hence creating budget constraints for military agencies.
• Research & development of targeting pod system is adversely affected due to lack of workforce caused by the travel bans imposed by governments globally to slow the spread of COVID-19.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Surge in military aircraft upgradation program, increase in demand for aircraft payload-based targeting systems, and rise in adoption of short-wave infrared (SWIR) are the factors that drive the global FLIR & laser designator targeting pods market. However, high cost associated with development & development of targeting pods and stringent policies against transfer of technology hinder the market growth. On the contrary, developments in optical electro-targeting systems, space warfare technology, and fifth-generation fighter aircrafts present new pathways in the industry.

The global FLIR & laser designator targeting pods market trends are as follows:

Surge in military aircraft upgradation program

Military agencies are investing in procurement of modern targeting pods for integration into aging aircrafts to enhance target engagement capabilities. For instance, in 2020, Lockheed Martin Corporation was awarded contract under terms of a 485 million USD to build new versions of legacy electro-optical combat jet target systems for US allies. Further, US Air Force has asked the Lockheed Martin to build the sniper advanced targeting pods (ATP) system; upgraded versions of the low altitude navigation and targeting infrared for night (LANTIRN) navigation pod; and aircraft infrared search and track (IRST) system. The sniper advanced targeting pod provides precision targeting and situational awareness to combat aircraft crews, and is among the most widely deployed targeting system for fixed-wing aircraft in use by the US Air Force and US allies. Such surge in military aircraft upgradation program is expected to boost the global FLIR & laser designator targeting pods market.

Key benefits of the report:

• This study presents the analytical depiction of the global FLIR & laser designator targeting pods industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global FLIR & laser designator targeting pods market share.
• The current market is quantitatively analyzed to highlight the global FLIR & laser designator targeting pods market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global FLIR & laser designator targeting pods market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the FLIR & laser designator targeting pods market research report:

• Which are the leading market players active in the FLIR & laser designator targeting pods market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 FLIR & Laser Designator Targeting Pods Market: by Component Report Highlights