South Korea Targeting Pods Market Size, Share, and COVID-19 Impact Analysis, By Type (FLIR & Laser Designator, Laser Designator, and Laser Spot Tracker Pods), By Component (OEM Fit), By Fit (FLIR Sensor, and MMS), By Platform (Combat Aircraft, Unmanned Aerial Vehicle, Attack Hellopters, and Bombers), and South Korea Targeting Pods Market Insights, Industry Trend, Forecasts to 2035

South Korea Targeting Pods Market Insights Forecasts to 2035

• The South Korea Targeting Pods Market Size Was Estimated at USD 130.1 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 14.42% from 2025 to 2035
• The South Korea Targeting Pods Market Size is Expected to Reach USD 572.7 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Targeting Pods Market Size is anticipated to reach USD 572.7 Million by 2035, Growing at a CAGR of 14.42% from 2025 to 2035. The growing demand for precision-guided munitions to reduce collateral damage, increased military budget, and geopolitical tensions. Target recognition and engagement capabilities are also being improved by developments in sensor technologies, such as electro-optical and infrared systems, as well as integration with AI and machine learning.

Market Overview

The industry devoted to the creation, manufacturing, and distribution of sophisticated targeting systems that military aircraft use to improve their precision targeting and surveillance capabilities is included in the targeting pods market. These pods, which are usually externally mounted aboard airplanes, contain a variety of sensors, including processing tools, laser designators, and high-resolution cameras (both visible and infrared). They are essential to contemporary combat because they provide precise target recognition and engagement, particularly in low-visibility situations, and they work in tandem with precision-guided weapons. Accurate deployment of precision-guided munitions (PGMs), such as laser-guided bombs, is made possible by targeting pods, which allow exact targeting of enemy positions. This minimizes collateral damage and lowers the chance of striking unwanted targets. The purchase of new military combat aircraft and other aerial assets, such as targeting pods, accounts for a significant amount of the growing military budget. Upgrades to current aircraft and the acquisition of new platforms (fighter jets, helicopters, and UAVs) are common components of modernization initiatives. These systems all depend on targeting pods for optimum performance.

Report Coverage

This research report categorizes the market for South Korea targeting pods market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea targeting pods market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea targeting pods market.

Driving Factors

The increasing demand for precision-guided munitions and enhanced situational awareness in modern combat operations. Rising defense budgets and military modernization programs are accelerating adoption of advanced targeting systems. Technological advancements in electro-optical and infrared sensors, AI integration, and real-time data processing further enhance targeting accuracy.

Restraining Factors

High development and integration costs pose significant barriers for manufacturers and defense buyers. As stringent regulations and cybersecurity requirements tighten, compliance adds complexity and delays new deployments. Export controls further limit market expansion by restricting international sales.

Market Segmentation

The South Korea targeting pods market share is classified into type, component, fit, and platform.

• The FLIR & laser designator segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea targeting pods market is segmented by type into FLIR & laser designator, laser designator, and laser spot tracker pods. Among these, the FLIR & laser designator segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Its dual capability of thermal imaging and precision targeting. These pods enhance situational awareness and strike accuracy in low-visibility conditions, making them essential for modern combat operations and driving strong growth during the forecast period.

• The OEM fit services segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea targeting pods market is segmented by component into OEM fit. Among these, the OEM fit segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The rising integration of advanced targeting systems during initial aircraft manufacturing. Defense modernization programs and demand for seamless, factory-installed solutions enhance performance and reduce retrofit costs.

• The FLIR sensor segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea targeting pods market is segmented by fit into FLIR sensor and MMS. Among these, the FLIR sensor segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its vital role in enhancing night vision, thermal imaging, and target acquisition in all weather conditions. Rising defense needs for real-time situational awareness and precision targeting in modern warfare.

• The combat aircraft segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea targeting pods market is segmented by platform into combat aircraft, unmanned aerial vehicle, attack hellopters, and bombers. Among these, the combat aircraft segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period. High deployment of multirole fighters equipped with advanced targeting systems. Ongoing modernization of air forces, integration of precision strike capabilities, and rising regional security threats are driving demand for targeting pods in combat aircraft.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations or companies involved within the South Korea targeting pods market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hanwha Systems
• Hanwha Aerospace
• Satrec Initiative
• Green Optics Co., Ltd.
• Hyundai WIA
• Samyang Comtech
• Hanwha Vision
• Huneed Technologies
• KAI (Korea Aerospace Industries)
• Northrop Grumman-LIG Nex1 JV
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea targeting pods market based on the below-mentioned segments:

South Korea Targeting Pods Market, By Type

• FLIR & Laser Designator
• Laser Designator
• Laser Spot Tracker Pods

 South Korea Targeting Pods Market, By Component

• OEM Fit

South Korea Targeting Pods Market, By Fit

• FLIR Sensor
• MMS

South Korea Targeting Pods Market, By platform

• Combat Aircraft
• Unmanned Aerial Vehicle
• Attack Hellopters
• Bombers