PUBLISHER: Grand View Research | PRODUCT CODE: 1701361
PUBLISHER: Grand View Research | PRODUCT CODE: 1701361
The global targeting pods market size is estimated to reach USD 8.55 billion by 2030, registering a CAGR of 8.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rise in terrorist activities across the globe and the growing adoption of targeting pods by developing countries have boosted the market. These devices provide users with enhanced security and targeting capabilities.
Rising interest in targeting pod companies in gaining a significant share in the defense market in regions such as Middle East is expected to drive the adoption of targeting pods. For instance, Raytheon Company formed a new subsidiary named the Raytheon Emirates with an aim to enhance its position in the UAE defense market. Additionally, the presence of prominent targeting pod providers such as Israel Aerospace Industries Ltd. is driving market growth in the region.
The Asia Pacific market is expected to witness considerable growth owing to the increasing need for public safety. Development activities undertaken by defense organizations in countries such as India are also leading to the growth of the market. Additionally, increased defense budgets of developing countries in the region are boosting the market.
However, decreased defense expenditure in developed countries may hamper the market growth. Additionally, high costs of development and maintenance of targeting pods are expected to hinder the market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other markets such as naval and defense.