Research and Markets: Military Aircraft Modernization Efforts to Help Drive Targeting Pod Market Growth

A Research and Markets report forecasts the worldwide market for targeting pods will experience a 6.61 percent compound annual growth rate in the next five years as military agencies increase aircraft procurement and modernization efforts.

The targeting pods market’s value is projected to increase from $3.3 billion in 2017 to $4.5 billion by 2022, Research Markets said Thursday.

Lockheed Martin, L3 Technologies, Raytheon, Flir Systems, Thales, Ultra Electronics, Aselsan, Israel Aerospace Industries, Moog and Qi Optik are among the companies featured in the report.

The report also offers information on market dynamics including challenges, drivers, opportunities and restraints along with insights, industry trends, competitive landscape and competitors.