As per the report titled ‘Airborne Pods Market Share, Size, Trends, Industry Analysis Report By Aircraft Type; By Pod Type; By Material Type; By Sensors Type; By Regions, Segment Forecast, 2020 - 2026’, available with Market Study Report, global airborne pods market is projected to reach a valuation of USD 3,839.1 million by the year 2026.
 

Rising defense expenditure in tandem with increasing procurement of combat aircrafts across various nations serve as major catalysts for global airborne pods market expansion. More importantly, emphasis on intelligence, surveillance, and reconnaissance missions due to rising geographical and security threats is adding considerable traction to industry growth, cites the study.
 

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Based on aircraft type, combat aircraft held majority of global airborne pods market share in 2019 and expected to showcase robust growth over the projected timeline. According to credible sources, it is estimated that airborne pods amounting to USD 800 million are likely to be procured during 2019-2026 worldwide, wherein North America is touted to be the largest market for the segment growth with USA leading the way.
 

Meanwhile, UAV segment of global airborne pods industry is anticipated to witness significant gains by 2026, attributable to increasing acquisition and deployment of these aircrafts in defense forces as they can perform various missions without the physical requirement of military personnel. 
 

Elaborating on pod type, ISR segment secured majority of global airborne pods market share in the recent past and is anticipated to showcase strong growth trends in the upcoming years, attributable to their use in surveillance and gathering intelligence. ISR comprises air-to-ground data link system, imagery data recording system, and EO/IR sensor providing capability for day/night missions.
 

On the other hand, targeting pods segment is slated to expand at a robust pace through 2026, owing to rising procurement of combat aircraft models with specialized weaponry such as Dassault Rafale, F-16, F-35, and F-22 across the world.
 

In terms of material type, composite segment led the growth of worldwide airborne pods market in 2019, owing to escalating demand and deployment of lightweight pods for improving overall mission. Longer range, and higher fuel efficiency are the key benefits boosting the demand for composites for the manufacturing of airborne pods.
 

Considering sensor type, EO/IR sensors segment in airborne pods market is touted to grow substantially over the forecast duration, due to increasing deployment of these sensors in aircrafts for strengthening security at borders and various government confidential sites.
 

On the geographical front, North America currently holds a major portion of global airborne pods industry size, with U.S. contributing to 92% of the regional share in 2019. One-third of global military expenditure, along with increasing aircraft upgradation programs, and presence of largest combat aircraft fleet are propelling the industry growth in North America.
 

Key players influencing global airborne pods industry trends are Ultra Electronics Holdings, Thales Group, Terma A/S, Saab AB, Raytheon Company, Northrop Grumman Corp., Lockheed Martin Corp., Harris Corp., Collins Aerospace, and Advanced Technologies Group.