Lithium Market Size, Share, Industry Analysis and Forecast 2024-2031

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HomeBusiness NewsGlobal Airborne Pods Market Size, Share, Industry, Forecast and Outlook (2023-2030)

Global Airborne Pods Market Size, Share, Industry, Forecast and Outlook (2023-2030)

Market Overview:

Airborne pods are exterior pod structures that improve an aircraft’s aerial targeting, recognition, detection, data connecting, identification, communication, and self-defence capabilities. It transforms a standard Aeroplan into a combat or surveillance aircraft at higher altitudes, and the environment cooling system helps keep the atmosphere cool.

Systems and pod components were previously used singly in various aircraft units. For instance, cameras, radars, and sensors may be installed in the wings or the fuselage, but other military helicopters employ the components independently.

The several parts of an airborne pod, including data connection systems, sensors, environment cooling systems, radars, and modem assemblies, assist an aircraft in overcoming challenges like identifying, detecting, and targeting a target at varying distances.

The data link system offers real-time data connecting for air-to-air, air-to-water, and air-to-ground operations at different ranges. The range relies on various elements, including the lenses, camera size, and sensor size.

Market Size and Future Outlook:

Global Airborne Pods Market is expected to grow at a CAGR of 4.2% during the forecast period 2023 – 2030. Due to the benefit it gives aircraft, the global market for airborne pods has continuously increased over time.

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Market Drivers: Rising Demand for Modernization of Aircraft.

Composite materials have increasingly been used to create components since they are lightweight, have an excellent strength-to-weight ratio, and enhance the pod’s overall appearance. The market for aircraft pods will grow as a result.

Due to its smooth airflow design, the modernized aircraft pod is constructed of composites with decreased aerodynamic drag. Due to its reduced weight and increased interior cabin space, it makes it possible to fit more components inside a pod, fueling the worldwide market for flying pods.

Airborne Pods Market Opportunities:

The military operations are setting wide opportunities for the Airborne Pods Market. The availability of manufacturers focusing on designing, manufacturing operations, and producing products smoothly to the destination improves the global market trend. The demand for radar Airborne pods in military missions, especially in the Air Force, is a huge opportunity for the Airborne Pods Market. This opportunity will continue in the future years.

Market Segmentation Analysis:

As per research analysis, the global airborne pods market is segmented by aircraft type into combat aircraft, helicopter, UAV, and others; pod type into ISR, targeting, self-protection/countermeasure, and others; enclosure type into composite and metal, by sensors type into electro-optical and infrared (EO/IR) sensors, electronic warfare/electronic attack (EW/EA), IRCM, and others, by range type; short-range airborne pods, intermediate-range airborne pods, and long airborne pods.

  • Based on Aircraft Type, the global airborne pods market is segmented based on Combat aircraft, and UAVs are likely to remain the growth engines of the market during the forecast period. Rising global anxiety is forcing a number of nations to quickly improve their military capabilities in an effort to safeguard their borders and defend themselves from uncertainty. To maintain their position as the top market and to offer the highest level of security to their citizens, major developed economies like the USA freeze very high defence budgets.

 

In contrast, developing economies like China, Saudi Arabia, and India are steadily increasing their defence budgets in order to quickly advance their current defence capabilities. In the next years, this will be the main factor influencing demand for airborne pods in the combat aircraft and UAV markets. Additional factors that are catalyzing the total demand for airborne pods in these markets include the introduction of ISR, a rise in the need for improved targeting systems, and a rise in the desire for lightweight pods.

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Recent Developments:

  • There have been several mergers and acquisitions in the market over the years. In November 2018, United Technologies announced the completion of its Rockwell Collins acquisition, after which it merged its newly acquired business with UTC Aerospace Systems to form Collins Aerospace.

Later in 2020, Raytheon and United Technologies merged, bringing under one umbrella companies like Collins Aerospace (formerly Rockwell Collins) and engine maker Pratt & Whitney. Another major merger was the L3 Technologies and Harris Corporation merger.

  • On August 20, 2021, Collins Aerospace announced the acquisition of FlightAware for an undisclosed amount. FlightAware is a technology company that provides real-time, historical, and predictive flight data and flight-tracking products

Geographical Analysis:

The global Airborne Pods Market is segmented into major regions, including North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

North America is dominating the global airborne market.

North America is dominating the global airborne market, and it is expected to grow in the forecasting period Due to the largest fleet of combat aircraft in the US. Rising military aircraft fleet size with a major focus on their upgrade boosts the demand for airborne pods market in North America.

Competitive Landscape:

A few of the key market players in the global Airborne Pods Market are

  • Advanced Technologies Group (ATGI)
  • UTC Aerospace Systems
  • Ultra-Electronic Holdings PLC
  • Raytheon Company
  • Lockheed Martin Corporation

UTC Aerospace Systems:

Collins Aerospace owns Ithaco Space Systems, Inc., formerly owned by Goodrich Company and its successor, UTC Aerospace Systems. Collins Aerospace is an American technology company that is one of the world’s largest suppliers of aerospace and defence products.

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