Report : Asia Pacific Airborne Pods Market Forecast to 2030 - Regional Analysis - by Aircraft Type (Combat Aircraft, Helicopters, UAVs, and Others), Pod Type (ISR, Targeting, and Countermeasure), Sensor Technology (EO/IR, EW/EA, and IRCM), and Range (Short, Long, and Intermediate)
At 6.7% CAGR, Asia Pacific Airborne Pods Market is Speculated to be Worth US$ 1,033.28 Million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific airborne pods market was valued at US$ 616.08 million in 2022 and is expected to reach US$ 1,033.28 million by 2030, registering a CAGR of 6.7% from 2022 to 2030. Deployment of airborne pods in unmanned aerial vehicles (UAVs), increasing number of contracts for supply of airborne pods, and increasing procurement of military aircraft and helicopters are among the critical factors attributed to the Asia Pacific airborne pods market expansion.
The increasing application of unmanned aerial vehicles for various purposes, including weapon delivery, surveillance, and disruption, boosts the demand for airborne pods. Navigation, communication, and surveillance systems are crucial in detecting and tracking UAVs and providing early warning and situational awareness. The increasing adoption of UAVs requires advanced airborne pods with improved detection capabilities to counter the airborne or ground-based threats effectively. As the threat from UAVs becomes more evident, governments and defense organizations worldwide prioritize developing and acquiring communication and surveillance defense systems to counter this evolving threat.
On the contrary, technological obsolescence hampers the Asia Pacific airborne pods market.
Based on aircraft type, the Asia Pacific airborne pods market is segmented into combat aircraft, helicopter, UAVs, and others. The combat aircraft segment held 65.3% share of Asia Pacific airborne pods market in 2022, amassing US$ 402.34 million. It is projected to garner US$ 664.26 million by 2030 to expand at 6.5% CAGR during 2022-2030.
In terms of pod type, the Asia Pacific airborne pods market is categorized into ISR, targeting, and self-protection/countermeasure. The ISR segment held 49.9% share of Asia Pacific airborne pods market in 2022, amassing US$ 307.66 million. It is projected to garner US$ 508.65 million by 2030 to expand at 6.5% CAGR during 2022-2030.
Based on sensor technology, the Asia Pacific airborne pods market is segmented into EO/IR, EW/EA, and IRCM. The EO/IR segment held 59.5% share of Asia Pacific airborne pods market in 2022, amassing US$ 366.35 million. It is projected to garner US$ 604.71 million by 2030 to expand at 6.5% CAGR during 2022-2030.
In terms of range, the Asia Pacific airborne pods market is categorized into short range, intermediate range, and long range. The long-range segment held 45.0% share of Asia Pacific airborne pods market in 2022, amassing US$ 277.27 million. It is projected to garner US$ 482.23 million by 2030 to expand at 7.2% CAGR during 2022-2030.
By country, the Asia Pacific airborne pods market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.7% share of Asia Pacific airborne pods market in 2022. It was assessed at US$ 201.23 million in 2022 and is likely to hit US$ 319.05 million by 2030, exhibiting a CAGR of 5.9% during 2022-2030.
Key players operating in the Asia Pacific airborne pods market are BAE Systems Plc, L3Harris Technologies Inc, Lockheed Martin Corp, Northrop Grumman Corp, Saab AB, Terma AS, Thales SA, Ultra-Electronics Holdings Ltd, and Raytheon Technologies Corp, among others.
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