Airborne Pods Market expected to reach US$ 4,287.47 million by 2030

PRESS RELEASE BY The Insight Partners 13 Nov 2023

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Increasing Adoption of Sustainable Aviation Fuel (SAF) Boosting Airborne Pods Market Growth

According to our latest market study on "Airborne Pods Market Forecast to 2030 – Global Analysis – by Aircraft Type, Pod Type, Sensor Technology, and Range," the market was valued at US$ 2,832.45 million in 2022, and it is expected to reach US$ 4,287.47 million by 2030; it is anticipated to register a CAGR of 5.3% from 2022 to 2030.

The airborne pods are an external pod structure primarily fabricated to offer enhanced aerial recognition, identification, communication, targeting, data linking, and self-defensive capabilities to an aircraft. High-end airborne pods with a wide range of advanced sensors and laser technologies can operate in extreme weather conditions, which is also one of the prime factors boosting the application of airborne pods in advanced fighter jets, aircraft, unmanned aerial vehicles, and helicopters. The changing modern warfare scenario has forced governments of various countries across the globe to allocate substantial funds and financial aid toward respective defense and military forces. The growing defense expenditure budget indicates the government's emphasis and importance on modernizing the defense sector to meet the mounting need for security, which is one of the major market drivers.

Airborne Pods Market Share – by Region, 2022

Airborne Pods Market Share – by Region, 2022

Airborne Pods Market Growth Report – Size, Share 2030

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Airborne Pods Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Aircraft Type (Combat Aircraft, Helicopters, UAVs, and Others), Pod Type (ISR, Targeting, and Countermeasure), Sensor Technology (EO/IR, EW/EA, and IRCM), Range (Short, Long, and Intermediate), and Geography

Source: The Insight Partners Analysis

The airborne pods market is segmented based on aircraft type, pod type, sensor technology, and range. In terms of aircraft type, the airborne pods market is categorized into combat aircraft, helicopters, unmanned aerial vehicles (UAVs), and others. The others segment is subsegmented into gliders, small fighter jets, bombers, rotorcrafts, and turbojets. Combat aircraft are specially designed and developed to demolish enemy equipment or personnel utilizing their aircraft weapons. Combat aircraft are normally fabricated and obtained only by military and defense forces.

BAE Systems Plc, Advanced Technologies Group (ATGI), L3Harris Technologies Inc, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Corporation, SaaB AB, Terma A/S, Thales SA, and Ultra-Electronics Holdings Plc are among the major airborne pods market players operating globally. Manufacturers operating in the airborne pods market strongly collaborate with different governments and defense forces to understand their demands and offer them suitable resolutions. Various countries' defense forces provide numerous contracts to airborne pod manufacturers to attain surveillance, intelligence, target, self-protection, and countermeasure systems. Such factors have been driving the airborne pods market growth across different regions.

The growing unstable geopolitical scenario worldwide is boosting the demand for advanced sensors, lasers, and self-protection countermeasure systems. The unstable geopolitical occurrences, such as wars between nations, are jeopardizing common life and increasing the national security threat and uncertainties; hence, there is a growing focus on strengthening the defense forces to combat such situations. Advanced intelligence, surveillance, and target systems facilitate the development of a complete and accurate analysis, aiding more precise threat assessments and target encounters. Advanced warfare scenarios emphasize heightened situational awareness, integrated defense systems, improved target engagement, electronic warfare capabilities, and compliance with evolving threats. Thus, the rising adoption of advanced warfare devices and equipment further drives the development of airborne pods to meet advanced battlefield conditions. Moreover, many companies across the globe are focusing on investing in advanced helicopters and unmanned aerial vehicles equipped with airborne pods and devices to tackle modern warfare. Thus, the growing instances of unstable geopolitical scenarios and the proliferation of modern warfare technologies drive the airborne pods market growth.

The airborne pods market players are strongly focusing on collaborating with different governments and defense forces to understand their respective demands and offer them suitable resolutions. The defense forces of various countries are providing numerous contracts to airborne pod manufacturers to attain surveillance, intelligence, target, self-protection, and countermeasure systems. Moreover, the air defense forces of different nations are investing substantially in obtaining airborne pods such as intelligence, surveillance, and reconnaissance, targeting pods, and countermeasure pods. Airborne pods are fundamental to comprehensive surveillance, targeting, and reconnaissance systems. They enable aircraft, helicopters, and unmanned aerial vehicles to facilitate enhanced target assessment, identifying threats and countermeasures from missiles in aircraft platforms.

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