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The global aerostat systems market reached a value of US$ 9.7 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 20.5 Billion by 2026, exhibiting a CAGR of 13.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aerostat systems market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on payload, sub-system, product type, propulsion system and class.
Breakup by Payload:
Breakup by Sub-System:
Breakup by Product Type:
Breakup by Propulsion System:
Breakup by Class:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Payload, Sub-System, Product Type, Propulsion System, Class, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||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|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global aerostat systems market was valued at US$ 9.7 Billion in 2020.
We expect the global aerostat systems market to exhibit a CAGR of 13.2% during 2021-2026.
The widespread applications of aerostat systems, including information gathering, and surveillance and scientific research activities, are primarily driving the global aerostat systems market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting halt in manufacturing units and delay in R&D activities.
Based on the payload, the global aerostat systems market can be segmented into surveillance radars, inertial navigation systems, thermal imaging cameras, electro-optical sensors, electronic intelligence, and communication intelligence. Currently, surveillance radars hold the majority of the total market share.
Based on the subsystem, the global aerostat systems market has been segregated into aerostat, ground control station (GCS), and payload, where payload currently represents the largest segment.
Based on the product type, the global aerostat systems market can be categorized into balloon, airship, and hybrid. Among these, balloon currently exhibits a clear dominance in the market.
Based on the propulsion system, the global aerostat systems market has been segmented into powered aerostats and unpowered aerostats. Currently, unpowered aerostats represent the largest segment.
Based on the class, the global aerostat systems market can be divided into compact-sized aerostats, mid-sized aerostats, and large-sized aerostats. Amongst these, compact-sized aerostats currently account for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global aerostat systems market include 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.
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