"Targeting pods market set to grow to $7bn by 2029," states Visiongain

By: Visiongain
 
 
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* Military

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* Business

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* Croydon - London, Greater - England

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CROYDON, England - June 26, 2019 - PRLog -- Targeting pods are tools used by military aircraft to identify targets. It guides precision guided munitions (PGM) such as laser-guided bombs to those targets. The first targeting pods were developed in the mid-1960s. Targeting pods offer advanced features such as integrated GPS that enables users to receive precise target location and allows storing and sharing data with other users, with the help of wired and wireless connection for enhanced communication. Furthermore, they allow users to obtain clear images of targets identified.

The governments are investing and upgrading their capabilities globally by placing contracts and fulfilling the needs of war fighters such as reliability rates and sniper's availability. Moreover, ongoing investments in short-wave infrared to improve targeting capability in low and haze light will boost the market during the forecast period. Additionally, the development of a two-way data-link configuration is estimated to double the capability of targeting pods for providing surveillance, intelligence, and reconnaissance (ISR) solution to the end users.

Leading companies featured in the report who are developing targeting pods includes BAE Systems, Boeing, Lockheed Martin, L3 Technologies, Raytheon Company, Thales, Moog and others.

Related reports:

Military Hyperspectral Imaging Market Forecast 2019-2029

Military Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2019-2029

Electronic Warfare (EW) Market Report 2019-2029

For more defence reports, visit our website:
https://www.visiongain.com/industries/defence/

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on 020 7549 9987

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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