Aerostat Systems Market Report

Market Overview:

The global aerostat systems market sie reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.64% during 2023-2028.

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:

IMARC Group 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 2023-2028. Our 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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States aerostat systems market and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.

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.

Report Coverage: