The global aerostat systems market size reached US$ 14.1 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 37.2 Billion by 2032, exhibiting a growth rate (CAGR) of 11.4% during 2023-2032.
Aerostats are low-level airborne systems that are used for ground supervision. They are made of large fabric envelops filled with helium or hot air and have an optimal reach of around 4,600 m in height. Aerostat systems are considered suitable for elevating light payloads and are generally used in the form of tactical airborne platforms for radar systems, cameras and communication equipment along with other scientific equipment. These systems are designed and manufactured according to the specific parameter requirements such as operating temperature, wind speed, altitude and payload carrying capacity.
Over the past few years, there has been a rise in the number of investments made by manufacturers for R&D activities. These investments are aimed to improve the functioning of aerostat systems in adverse environmental conditions such as extreme cold or heat.
There are numerous organizations which have started employing intelligent video surveillance systems owing to several advantages offered by them, such as object recognition and video analytics. Other than this, the demand for high-quality aerostat systems has also escalated on account of rising territorial disputes in regions like Asia Pacific.
Governments across the globe have started promoting the utilization of aerostat systems for different military applications which include reconnaissance and border security. Additionally, these systems are increasingly being used for communicating signs that indicate natural disasters, civil unrest and crimes within a country.
2. What is the expected growth rate of the global aerostat systems market during 2024-2032?
3. What are the key factors driving the global aerostat systems market?
4. What has been the impact of COVID-19 on the global aerostat systems market?
5. What is the breakup of the global aerostat systems market based on the payload?
6. What is the breakup of the global aerostat systems market based on the sub-system?
7. What is the breakup of the global aerostat systems market based on the product type?
8. What is the breakup of the global aerostat systems market based on the propulsion system?
9. What is the breakup of the global aerostat systems market based on the class?
10. What are the key regions in the global aerostat systems market?
11. Who are the key players/companies in the global aerostat systems market?
Aerostats are low-level airborne systems that are used for ground supervision. They are made of large fabric envelops filled with helium or hot air and have an optimal reach of around 4,600 m in height. Aerostat systems are considered suitable for elevating light payloads and are generally used in the form of tactical airborne platforms for radar systems, cameras and communication equipment along with other scientific equipment. These systems are designed and manufactured according to the specific parameter requirements such as operating temperature, wind speed, altitude and payload carrying capacity.
Global Aerostat Systems Market Drivers:
Aerostat systems are used for a wide variety of applications including information gathering, surveillance and scientific research. They are cost-effective, durable and eco-friendly as well as have high structural integrity. These are some of the features which are expected to augment the demand for these systems across the globe.Over the past few years, there has been a rise in the number of investments made by manufacturers for R&D activities. These investments are aimed to improve the functioning of aerostat systems in adverse environmental conditions such as extreme cold or heat.
There are numerous organizations which have started employing intelligent video surveillance systems owing to several advantages offered by them, such as object recognition and video analytics. Other than this, the demand for high-quality aerostat systems has also escalated on account of rising territorial disputes in regions like Asia Pacific.
Governments across the globe have started promoting the utilization of aerostat systems for different military applications which include reconnaissance and border security. Additionally, these systems are increasingly being used for communicating signs that indicate natural disasters, civil unrest and crimes within a country.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global aerostat systems market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on payload, sub-system, product type, propulsion system and class.Breakup by Payload:
- Surveillance Radar
- Inertial Navigation System
- Thermal Imaging Camera
- Electro-Optical Sensor
- Electronic Intelligence
- Communication Intelligence
Breakup by Sub-System:
- Aerostat
- Ground Control Station (GCS)
- Payload
Breakup by Product Type:
- Balloon
- Airship
- Hybrid
Breakup by Propulsion System:
- Powered Aerostats
- Unpowered Aerostats
Breakup by Class:
- Compact-Sized Aerostats
- Mid-Sized Aerostats
- Large-Sized Aerostats
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aerostar International, Inc., ILC Dover LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corporation., RosAeroSystems, International Ltd., RT Aerostat Systems Inc., TCOM L.P., Worldwide Aeros Corporation, Raytheon Company, Rafael Advanced Defense Systems Ltd, etc.Key Questions Answered in This Report
1. What was the size of the global aerostat systems market in 2023?2. What is the expected growth rate of the global aerostat systems market during 2024-2032?
3. What are the key factors driving the global aerostat systems market?
4. What has been the impact of COVID-19 on the global aerostat systems market?
5. What is the breakup of the global aerostat systems market based on the payload?
6. What is the breakup of the global aerostat systems market based on the sub-system?
7. What is the breakup of the global aerostat systems market based on the product type?
8. What is the breakup of the global aerostat systems market based on the propulsion system?
9. What is the breakup of the global aerostat systems market based on the class?
10. What are the key regions in the global aerostat systems market?
11. Who are the key players/companies in the global aerostat systems market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Aerostat Systems Industry
6 Market Breakup by Payload
7 Market Breakup by Sub-System
8 Market Breakup by Product Type
9 Market Breakup by Propulsion System
10 Market Breakup by Class
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aerostar International Inc.
- ILC Dover LP
- Israel Aerospace Industries Ltd.
- Lindstrand Technologies Ltd.
- Lockheed Martin Corporation.
- RosAeroSystems
- International Ltd.
- RT Aerostat Systems Inc.
- TCOM L.P.
- Worldwide Aeros Corporation
- Raytheon Company and Rafael Advanced Defense Systems Ltd
Methodology
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