Airborne Pods Market is Forecasted to Reach US$ 3.6 billion in 2027, Says Stratview Research

The global airborne pods market is projected to witness a growth rate of 3.9% annually from 2022 to 2027, with an anticipated size of US$ 3.6 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global airborne pods market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2027: US$ 3.6 billion
Growth (CAGR): 3.9% during 2022-2027
Forecast Period: 2022-2037
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Airborne Pods Market:
The global airborne pods market is segmented based on aircraft type, pod type, enclosure type, sensor type, range type, and region.

Based on 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 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 into 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. Targeting pods are likely to be the fastest-growing segment of the market, mainly driven by an increasing military aircraft procurement and the upgradation of the existing fleet of military aircraft.

Based on the enclosure type - The market is segmented into composite pods and metal pods. The composite enclosure is likely to remain the dominant and faster-growing segment of the airborne pods market during the forecast period. It provides numerous advantages over its counterpart, such as good product performance, low maintenance cost, and excellent corrosion resistance. The composite enclosure further helps in reducing 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), Electronics 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 the rising emergence of ISR due to security reasons are the major growth drivers of EO/IR sensors in the market. Electronic warfare/electronic attack (EW/EA) sensors are likely to be the fastest-growing segment of the market during the forecast period 2022-2027.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/334/Airborne-Pods-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
- 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 upgradation 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.

Airborne Pods Market Drivers:

Some of the key drivers listed in the report are given below.
- Growing military expenditure, especially in the developing economies including China and India, the emergence of ISR due to security reasons.
- Increasing demand for advanced targeting systems, and a rising military aircraft upgradation.

Top Companies in the Airborne Pods Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Lockheed Martin Corporation
• Raytheon Company
• Thales Group
• Northrop Grumman Corporation
• Thales Group
• L3Harris Technologies
• Ultra Electronics Holdings PLC
• BAE Systems
• Rafael Advanced Defense Systems Ltd.
• SAAB AB.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Airborne Pods Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.