Stratview Research’s latest publication on the global airborne pods market is a comprehensive study providing the detailed analysis of the market dynamics.
Consolidating Market for Airborne Pods
The global airborne pods market is characterised by a high level of consolidation with the presence of less than 50 global and regional active players. The top five players are Lockheed Martin, UTC Aerospace Systems, Raytheon Company, Thales Group, and Northrop Grumman Corporation which together accounted for >75% share of the market in 2017. All the major players have a vast product portfolio, an excellent product development capability, a wide geographical reach, an excellent distribution network, and long-term customer relationships.
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The airborne pods market is experiencing a gradual market consolidation as major players are taking a sheer interest in acquiring other companies in order to gain share in the market. For instance, in 2015, UTC Aerospace Systems acquired N2 Imaging Systems of Irvine, California which supplies advanced optical systems for military and commercial markets. Through this acquisition UTC will be able to complement its ISR business & add new technology to the portfolio of capabilities supporting the US military across global strategic, operational, and tactical operations.
Lockheed Martin Corporation was the market leader in the global airborne pods market. The company offers a wide range of airborne pods products for different types of applications, such as Sniper Advanced Targeting Pod (ATP), and Legion Pod. The company mainly supplies targeting pods in most of the countries and its airborne solutions are applicable on various platforms such as F-16, F-15, B-1B, CF-18, Harrier, A-10, B-52, and Tornado aircraft.
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UTC Aerospace Systems was the 2nd largest player in the global airborne pods market. The company is the global leader in long range reconnaissance pods market as it provides ISR pods of different ranges for different types of missions. Its DB-110 and TacSAR pod are the most widely used reconnaissance pods globally. In 2012, it acquired Goodrich Corporation which supplies DB-110 long range reconnaissance sensors, is now a part of UTC Aerospace Systems. In 2017, UTC Aerospace Systems proposed to acquire Rockwell Collins Inc., a leader in aviation and high-integrity solutions for commercial and military customers.
Raytheon Company was the third largest player in the global airborne pods market. Recently in 2016, it has won a contract to provide 15 next generation jammer pods to the U. S. Navy. The contract period is of five years. Earlier in 2013 as well the company had a contract to provide next generation jammer pods to the U.S. Navy for three years.
Thales Group and Northrop Grumman Corporation are the remaining among the top five players in the market. Other major players in the market include CPI Aero, Harris Corporation, S.G.D. Engineering Ltd, Airborne Technologies GmbH, Israel Aerospace Industries, Ultra Electronics Holdings Plc, Rafael Advanced Defense Systems Ltd, SAAB Group, and Advanced Technologies Group (ATGI).
Market Forecast
According to Stratview Research the global airborne pods market is likely to grow at a modest compound annual growth rate of 3.5% over the next five years to reach an annual sales of US$ 3,167.9 million in 2023. Growing military expenditure, especially in the developing economies including China and India, an emergence of ISR due to security reasons, an increasing demand for advanced targeting systems, and rising military aircraft upgrade are the major growth factors that are burgeoning the demand for airborne pods in various countries. 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.
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https://www.stratviewresearch.com/334/Airborne-Pods-Market.html
Stratview Research has done a rigorous study on the airborne pods market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the airborne pods market and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the six ways in which the market is segmented:
Airborne Pods Market, By Aircraft Type
Airborne Pods Market, By Pod Type
Airborne Pods Market, By Enclosure Type
Airborne Pods Market, By Sensor Type
Airborne Pods Market, By Range Type
Airborne Pods Market, By Region
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