As per Stratview Research, the global airborne pods market offers healthy growth opportunity during the forecast period and reach an estimated value of $3,167.9 million in 2023. 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.

Based on the pod type, ISR is likely to remain the most dominant segment of the global airborne pods market over the next five years. It offers a wide array of advantages, such as precise identification, detection, and recognition of targets. 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.

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 (metals), such as good product performance, low maintenance cost, and excellent corrosion resistance.

In terms of sensor type, Electro-Optical (EO)/ Infrared (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.

As per the study, 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 upgrades is likely to further boost the overall demand for airborne pods in the region in the foreseeable future. However, 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.