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Aerostat Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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. 

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, 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:

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Aerostat Systems Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Payload
    5.5    Market Breakup by Sub-System
    5.6    Market Breakup by Product Type
    5.7    Market Breakup by Propulsion System
    5.8    Market Breakup by Class
    5.9    Market Breakup by Region
    5.10    Market Forecast
6    Market Breakup by Payload
    6.1    Surveillance Radar
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Inertial Navigation System
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Thermal Imaging Camera
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Electro-Optical Sensor
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Electronic Intelligence
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    Communication Intelligence
        6.6.1    Market Trends
        6.6.2    Market Forecast
7    Market Breakup by Sub-System
    7.1    Aerostat
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Ground Control Station (GCS)
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Payload
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Product Type
    8.1    Balloon
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Airship
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Hybrid
        8.3.1    Market Trends
        8.3.2    Market Forecast
9    Market Breakup by Propulsion System
    9.1    Powered Aerostats
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Unpowered Aerostats
        9.2.1    Market Trends
        9.2.2    Market Forecast
10    Market Breakup by Class
    10.1    Compact-Sized Aerostats
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Mid-Sized Aerostats
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Large-Sized Aerostats
        10.3.1    Market Trends
        10.3.2    Market Forecast
11    Market Breakup by Region 
    11.1    North America 
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe 
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific 
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
    13.1    Overview
    13.2    Research and Development
    13.3    Raw Material Procurement
    13.4    Manufacturing
    13.5    Marketing
    13.6    Distribution
    13.7    End-Use
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
    15.1    Key Price Indicators 
    15.2    Price Structure 
    15.3    Margin Analysis 
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Aerostar International, Inc.
        16.3.2    ILC Dover LP
        16.3.3    Israel Aerospace Industries Ltd.
        16.3.4    Lindstrand Technologies, Ltd.
        16.3.5    Lockheed Martin Corporation.
        16.3.6    RosAeroSystems, International Ltd.
        16.3.7    RT Aerostat Systems, Inc.
        16.3.8    TCOM L.P.
        16.3.9    Worldwide Aeros Corporation 
        16.3.10     Raytheon Company 
        16.3.11    Rafael Advanced Defense Systems Ltd 


List of Figures

Figure 1: Global: Aerostat Systems Market: Major Drivers and Challenges
Figure 2: Global: Aerostat Systems Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Aerostat Systems Market: Breakup by Payload (in %), 2020
Figure 4: Global: Aerostat Systems Market: Breakup by Sub-System (in %), 2020
Figure 5: Global: Aerostat Systems Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Aerostat Systems Market: Breakup by Propulsion System (in %), 2020
Figure 7: Global: Aerostat Systems Market: Breakup by Class (in %), 2020
Figure 8: Global: Aerostat Systems Market: Breakup by Region (in %), 2020
Figure 9: Global: Aerostat Systems Industry: SWOT Analysis
Figure 10: Global: Aerostat Systems Industry: Value Chain Analysis
Figure 11: Global: Aerostat Systems Industry: Porter’s Five Forces Analysis
Figure 12: Global: Aerostat Systems Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 13: Global: Aerostat Systems (Surveillance Radar) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Aerostat Systems (Surveillance Radar) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Aerostat Systems (Inertial Navigation System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Aerostat Systems (Inertial Navigation System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Aerostat Systems (Thermal Imaging Camera) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Aerostat Systems (Thermal Imaging Camera) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Aerostat Systems (Electro-Optical Sensor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Aerostat Systems (Electro-Optical Sensor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Aerostat Systems (Electronic Intelligence) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Aerostat Systems (Electronic Intelligence) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Aerostat Systems (Communication Intelligence) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Aerostat Systems (Communication Intelligence) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Aerostat Systems (Aerostat) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Aerostat Systems (Aerostat) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Aerostat Systems (Ground Control Station) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Aerostat Systems (Ground Control Station) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Aerostat Systems (Payload) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Aerostat Systems (Payload) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Aerostat Systems (Balloon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Aerostat Systems (Balloon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Aerostat Systems (Airship) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Aerostat Systems (Airship) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Aerostat Systems (Hybrid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Aerostat Systems (Hybrid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Aerostat Systems (Powered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Aerostat Systems (Powered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Aerostat Systems (Unpowered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Aerostat Systems (Unpowered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Aerostat Systems (Compact-Sized) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Aerostat Systems (Compact-Sized) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Aerostat Systems (Mid-Sized) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Aerostat Systems (Mid-Sized) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Global: Aerostat Systems (Large-Sized) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Aerostat Systems (Large-Sized) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: North America: Aerostat Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: North America: Aerostat Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Aerostat Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Aerostat Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Asia Pacific: Aerostat Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Asia Pacific: Aerostat Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Middle East and Africa: Aerostat Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Middle East and Africa: Aerostat Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Latin America: Aerostat Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Latin America: Aerostat Systems Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Aerostat Systems Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Aerostat Systems Market Forecast: Breakup by Payload (in Million US$), 2021-2026
Table 3: Global: Aerostat Systems Market Forecast: Breakup by Sub-System (in Million US$), 2021-2026
Table 4: Global: Aerostat Systems Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 5: Global: Aerostat Systems Market Forecast: Breakup by Propulsion System (in Million US$), 2021-2026
Table 6: Global: Aerostat Systems Market Forecast: Breakup by Class (in Million US$), 2021-2026
Table 7: Global: Aerostat Systems Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Aerostat Systems Market Structure
Table 9: Global: Aerostat Systems Market: Key Players

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Key Question Answered in this Report

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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