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.
One of the major regions driving the airborne pods market growth across the world is Europe. Europe is one of the major regions across the globe in terms of advancements in the defense sector. The rising geopolitical volatility among countries such as Ukraine and Russia drive the demand for strong and advanced aerial detection, identification, recognition, communication, and targeting sensors in the Air Force. Germany, Russia, France, Italy, and the UK are the leading countries across the region in terms of military expenditure. The proliferation of modernized and upgraded sensors and cameras for detecting missiles, focusing on target areas, and capturing clear images is one of the major trends in the airborne pods market forecasts. Moreover, the increasing integration of countermeasure systems into fighter aircrafts to combat airborne attacks is one of the key driving factors for the airborne pods market growth. The growing defense budget allocation in Russia, the UK, France, and Italy signifies the governmental focus on technological advancement in the air defense sector. In Central Europe, Poland, Romania, Hungary, and Slovakia are a few of the prominent countries that considerably contributed to the military expenditure in 2022. In Eastern Europe, Russia and Ukraine are the foremost countries contributing to the rising defense sector spending. In Western Europe, the UK, Italy, France, Germany, Spain, and the Netherlands are key countries focusing on military expenditure. In 2022, Russia's military expenditure was US$ 86,373 million, while the UK's defense expenditure was US$ 68,462 million. In addition, Germany's and France’s military expenditures were US$ 55,759.7 million and US$ 53,638.7 million in 2022, respectively. Such military expenditure is boosting the procurement of different aircraft and aircraft systems that are used for various military missions which is another major factor catalyzing the airborne pods market growth. Apart from ground-based and naval platforms, the military expenditure also caters to technological advancements in communication, telemetry, countermeasure, and navigation equipment for airborne platforms that is also driving the airborne pods market growth. In 2023, Europe accounted for 8,793 units of military aircraft fleets. The growing number of defense aircraft helicopters and deployment of unmanned aerial vehicles are also anticipated to boost the application of airborne pods in Europe in the coming years. Such factors are likely to catalyze the airborne pods market growth in the coming years.
Key Findings of Market Study:
The global airborne pods market has experienced growth in the pre-COVID-19 pandemic period, led by increased demand in the defense sector. The growing government's focus on encouraging advancement in the defense sector (in terms of technologies and overall infrastructure development) boosts the demand for airborne pods. There was a rise in investments in the development of the defense sector for better management of national security and reinforcement of air defense forces with advanced airborne pods for tracking, surveillance, targeting, and countermeasures from airborne threats. The increasing instances of conflicts and war-like situations boosted the airborne pods market size in 2023.
The gradually rising unstable geopolitical scenarios enhance the demand and application of airborne pods in Russia's Air Forces. The cumulative demand for advanced technologies catering to aerial missile detection, target identification, navigation, countermeasure, and surveillance is anticipated to boost the demand for airborne pods in Russia. In 2023, Russia unveiled an advanced unmanned armored vehicle called Zubilo at the Army-2023 Expo. In 2020, Russia had a military expenditure of US$ 61,712.5 million, which increased to US$ 65,907.7 million in 2021. In 2022, the military expenditure was US$ 86,373.1 million. The rising finances for defense expenditure indicate the country's attention on advancing the defense sector to meet the mounting need for security. Russia accounted for 4,182 units of military aircraft fleets as of 2023. In 2022, Russia also announced its plan to start mass production of unmanned aerial vehicles as they have been proven effective in combating modern war situations. Thus, the growing need for advanced airborne threat detection and countermeasure capabilities to cater to modern battlefield requirements is boosting the growth for airborne pods market in Russia.
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