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Aerostat Systems - Global Market Trajectory & Analytics

  • ID: 4804494
  • Report
  • April 2021
  • Region: Global
  • 142 Pages
  • Global Industry Analysts, Inc
Global Aerostat Systems Market to Reach $20.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Aerostat Systems estimated at US$8.1 Billion in the year 2020, is projected to reach a revised size of US$20.9 Billion by 2027, growing at a CAGR of 14.5% over the analysis period 2020-2027. Balloon, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$10.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airships segment is readjusted to a revised 16.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 14% CAGR

The Aerostat Systems market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.

Hybrid Segment to Record 12.8% CAGR

In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$850.3 Million in the year 2020 will reach a projected size of US$2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027.

Select Competitors (Total 44 Featured):
  • Allsopp Helikites Ltd.
  • Harris Corporation
  • ILC Dover
  • Israel Aerospace Industries Ltd. (IAI)
  • Lindstrand Technologies Limited
  • Lockheed Martin Corporation
  • Raven Industries, Inc.
  • Raytheon Company
  • Tcom L.P.
Frequently Asked Questions about the Global Market for Aerostat Systems

What is the estimated value of the Global Market for Aerostat Systems?

The Global Market for Aerostat Systems was estimated to be valued at $8.1 Billion in 2020.

What is the growth rate of the Global Market for Aerostat Systems?

The growth rate of the Global Market for Aerostat Systems is 14.5%, with an estimated value of $20.9 Billion by 2027.

What is the forecasted size of the Global Market for Aerostat Systems?

The Global Market for Aerostat Systems is estimated to be worth $20.9 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aerostat Systems: An Introductory Prelude
  • Future Prospects Remain Favorable for Aerostat Systems Market
  • Healthy Trajectory in Geospatial Technology Industry Boosts Prospects for Aerostat Systems: A Review of Capabilities and Functions of Various Geospatial Technologies
  • Aerostat Deployments on Growth Vertical Across the Geographies
  • Aerostats: Mainstay in ISR Strategies of the US Military
  • Europe Remains a Lucrative Market
  • India Warms Up to Aerostat Technology
  • Impact of Covid-19 and a Looming Global Recession
  • Exceptional Performance in Air, Land & Sea Surveillance Applications: Cornerstone for Present & Future Adoption of Aerostat Systems
  • Aerostat Systems Grab Attention in Airborne Surveillance Applications
  • Operational Class Aerostat Systems for Low-Cost Surveillance Applications
  • Strategic Aerostat Systems for Detection of Low-Flying, Fast-Moving Objects
  • Tactical Aerostat Systems Gain Traction as Persistent Surveillance Solutions
  • Recent Activity in Spy Balloons Vertical: A Review
  • China’s Hi-Tech Balloons Spy on India from Tibet
  • Indian Authorities Seize Pakistani Spy Balloons
  • Spy Balloons Become Vogue in Military Strategies in Afghanistan
  • Germany to Deploy Aerostats in Mali-based U.N. Peacekeeping Mission
  • Aerostats Set to Make Big Gains in Maritime Surveillance
  • Tethered Aerostat Systems Drive Momentum in the Overall Aerostats Market
  • Tethered Aerostat Radar System (TARS): Highly Effective in Customs & Border Protection Applications
  • Aerostat Systems Increasingly Gaining Traction in Geo Spatial Intelligence
  • Evolving Role of Geospatial Data as the Key to Visualizing Data in Commercial Applications: Among the Primary Market Drivers for Aerostat Systems
  • A Peek into Usability and Relevancy of Geospatial Data in Select Core Sectors
  • Retail
  • Healthcare
  • Financial Services
  • Transportation/Logistics
  • Technology Improvements & Product Upgrades Continue to Widen Market Prospects: Select Recently Unveiled Aerostat Solutions
  • Otonom Teknoloji’s Doruk-133B Can Endure High Wind and Harsh Weather Conditions
  • CSIR Rolls Out Third Generation Aerostat with Better Aerodynamic Efficiency
  • Lockheed Martin Enhances 74K Aerostat System with Advanced Radar Capabilities
  • New SkyStar 120 Mobile Micro-Tactical Aerostat System from RT LTA Systems
  • RT LTA Unveils Improved Bladder Material for Aerostat Systems
  • Aero-T Develops SkyGuard1 Aerostat System with Multiple Intelligence Sensors
  • Table 1: World Current & Future Analysis for Aerostat Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Aerostat Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Balloon by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Balloon by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Airships by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Airships by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Hybrid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Hybrid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Unpowered by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Unpowered by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World Current & Future Analysis for Powered by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Powered by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027

III. MARKET ANALYSIS
  • Table 13: USA Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: USA 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 15: USA Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: USA 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 17: Canada Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Canada 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 19: Canada Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Canada 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 21: Japan Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Japan 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 23: Japan Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Japan 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 25: China Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: China 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 27: China Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: China 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 29: Europe Current & Future Analysis for Aerostat Systems by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 30: Europe 7-Year Perspective for Aerostat Systems by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 31: Europe Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Europe 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 33: Europe Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 34: Europe 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 35: France Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: France 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 37: France Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: France 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 39: Germany Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 40: Germany 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 41: Germany Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: Germany 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 43: Italy Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Italy 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 45: Italy Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: Italy 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 47: UK Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: UK 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 49: UK Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: UK 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 51: Rest of Europe Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 52: Rest of Europe 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 53: Rest of Europe Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: Rest of Europe 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 55: Asia-Pacific Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Asia-Pacific 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 57: Asia-Pacific Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 58: Asia-Pacific 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027
  • Table 59: Rest of World Current & Future Analysis for Aerostat Systems by Product Type - Balloon, Airships and Hybrid - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Rest of World 7-Year Perspective for Aerostat Systems by Product Type - Percentage Breakdown of Value Sales for Balloon, Airships and Hybrid for the Years 2020 & 2027
  • Table 61: Rest of World Current & Future Analysis for Aerostat Systems by Propulsion System - Unpowered and Powered - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 62: Rest of World 7-Year Perspective for Aerostat Systems by Propulsion System - Percentage Breakdown of Value Sales for Unpowered and Powered for the Years 2020 & 2027

IV. COMPETITION
  • Total Companies Profiled: 44
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