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Pods Market in Aerospace industry is projected to grow at a healthy rate over the next five years to reach US$ 3,167.9 million in 2023. – Stratview Research Market Report

04-09-2019 09:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Pods Market in Aerospace industry is projected to grow at

The research studies Airborne Pods Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under five segments - by Aircraft Type (Combat Aircraft, Helicopter, UAV, and Others), by Pod Type (ISR, Targeting, Self-Protection/Countermeasure, and Others), by Enclosure Type (Composite and Metal), by Sensor Type (EO/IR, EW/EA, IRCM, and Others), by Range Type (Short, Intermediate, and Long), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

The study finds –
 North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of combat aircraft across the world.
 The market is segmented into Electro-Optical (EO)/ Infrared (IR), Electronic Warfare (EW)/Electronic Attack (EA), Infrared Countermeasure (IRCM), and Others. The EO/IR segment is projected to maintain its dominance in the market over the next five years.
 The market is segmented into Composite Pods and Metal Pods. Composite enclosure is likely to remain the more dominant and faster-growing segment of the airborne pods market during the forecast period.
 The market is bifurcated into Intelligence, Surveillance, & Reconnaissance (ISR), Targeting, Self-Protection/Countermeasure, and Others.

Click here to read the detailed description: https://www.stratviewresearch.com/334/Airborne-Pods-Market.html

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Pods-Market.html

Airborne pods refer to an external pod structure, which is designed to provide a better aerial detection, recognition, identification, targeting, communication, data linking, and self-defensive capabilities to an aircraft. It is used to convert a normal aircraft into a warfare or surveillance aircraft. Previously, systems and components of these pods were individually used in different sections of an aircraft. For instance; camera, radars, and sensors could be equipped in wings, fuselage, or the nose of the cockpit of an aircraft, whereas sensors, radars, and their components, are used separately in some warfare helicopters, such as Apache and Black Hawk.

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In an airborne pod, there are many components including data link systems, sensors, radars, environment cooling system, and modem assembly that help an aircraft to overcome the problems and difficulties, such as detecting, recognizing, and aiming a target in different ranges. Every component inside a pod has its own importance, such as data link system provides real-time data linking from air-to-air, air-to-ground, and air-to-water operations in different ranges where range depends upon a lot of factors, such as size and lenses of camera and sensors.

The communication system offers the capability of clear and real-time communication between an aircraft and the base. Environment cooling system keeps the atmosphere cool inside the pod when it gets heated due to fast processing of systems and high-speed of aircraft, especially in the combat aircraft, at higher altitudes. It is very necessary for a sensor or camera lenses to withstand at required atmosphere for clear image processing.

Previously, metals, such as aluminum and steel, were mainly used to manufacture airborne pods. But, due to their higher weight and significant maintenance cost, the industry has started shifting towards composite materials. In the last few decades, composite materials have become the perennial choice in fabricating components and structure of pods as the materials not only offer the advantages of lightweight and high strength-to-weight ratio, but also improve the overall pod aesthetics.

The modernized aircraft pod design is rich in composites with reduced aerodynamic drag, due to its smooth airflow design. This further helps in carrying more components inside a pod, due to its lightweight and more cabin space inside the pod. This, in turn, helps the manufactures to offer multi-functionality in single pod.

The global airborne pods market is projected to grow at a healthy rate over the next five years to reach US$ 3,167.9 million in 2023. Growing military expenditure, especially in the developing economies including China and India, an emergence of ISR due to security reasons, an increasing demand for advanced targeting systems, and rising military aircraft upgrade are the major growth factors that are burgeoning the demand for airborne pods in various countries. Asia-Pacific and North America are the biggest demand generators with a current combined share of more than two-third of the total airborne pods market.

The global airborne pods market is segmented based on the aircraft type as Combat Aircraft, Helicopter, UAV, and Others. Combat aircraft and UAVs are likely to remain the growth engines of the market during the forecast period. Rising global tension is compelling various countries to rapidly upgrade their defense capabilities in order to protect themselves from uncertainty and to further solidify their borders. Major developed markets, such as the USA, freeze very high defense budget with a purpose to remain the leading market and to provide the highest security to their civilians, whereas developing economies, such as China, Saudi Arabia, and India, are continuously increasing their defense budgets to quickly advance their existing defense capabilities. This is primarily driving the demand for airborne pods in the combat aircraft and UAV segments in the coming years. Additional drivers are emergence of ISR, rising demand for better targeting systems, and an increasing demand for lightweight pods, which are acting as the catalyst to the overall demand for airborne pods in these segments.

Based on the pod type, the market is bifurcated into Intelligence, Surveillance, & Reconnaissance (ISR), Targeting, Self-Protection/Countermeasure, and Others. ISR is likely to remain the most dominant segment of the global airborne pods market over the next five years. ISR pod offers a wide array of advantages, such as precise identification, detection, and recognition of targets. It also converts a normal combat aircraft or a helicopter to a surveillance and reconnaissance aircraft/helicopter by adding such features to it. Its capability is based on the sensors which are situated inside the pod.

The larger the sensor and lenses of the camera, the larger the range of the pod. Whereas, targeting pods are likely to be the fastest-growing segment of the global airborne pods market, mainly driven by increasing military aircraft procurement and upgradation of the existing fleet of military aircraft across the world.

Based on the enclosure type, the market is segmented into Composite Pods and Metal Pods. Composite enclosure is likely to remain the more dominant and faster-growing segment of the airborne pods market during the forecast period. It provides numerous advantages over its counterpart (metal pods), such as good product performance, low maintenance cost, and excellent corrosion resistance. Composite enclosure further helps in reducing the aerodynamic drag due to its smooth structure. It is expected that there would be a continuous shift from metal enclosures to composite enclosures in the coming years.

Based on the sensor type, the market is segmented into Electro-Optical (EO)/ Infrared (IR), Electronic Warfare (EW)/Electronic Attack (EA), Infrared Countermeasure (IRCM), and Others. The EO/IR segment is projected to maintain its dominance in the market over the next five years. Increasing demand for ISR pods and rising emergence of ISR due to security reasons are the major growth drivers of EO/IR sensors in the global airborne pods market. Electronic warfare/electronic attack (EW/EA) sensors are likely to be the fastest-growing segment of the global airborne pods market during the forecast period 2018-2023.

Based on regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of combat aircraft across the world. Rising military aircraft fleet size with a high focus on their upgrade is likely to further boost the overall demand for airborne pods in the region in the foreseeable future. Additionally, all the major pod manufacturers are located in the region to support the defense department and OEMs, helping the country to own more advanced airborne pods.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing defense budget of China, India, and South Korea, continuous upgrade of existing aircraft fleet, and higher investment in developing and procuring UAVs, due to rising tensions in different parts of the region.

The supply chain of this market comprises raw material suppliers, pod manufacturers, tier-1 players, and end-users. The key airborne pod companies are Thales Group, Lockheed Martin Corporation, UTC Aerospace Systems, Northrop Grumman Corporation, Raytheon Company, Harris Corporation, S.G.D. Engineering Ltd., Airborne Technologies, Ultra Electronics Holdings PLC, CPI Aerostructures, Rafael Advanced Defense Systems Ltd., and SAAB AB. Development of advanced pods and formation of long-term contracts are some of the most common strategies adopted by the major players in order to remain competitive in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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