Aerostat Systems Market Size, Trends and Forecast 2020-2025

Press Release:

Global Aerostat Systems Market to Reach US$ 10.3 Billion, Induced by Need for Precise Geospatial Information

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Aerostat Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global aerostat systems market size reached a value of around US$ 6 Billion in 2019. 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. Looking forward, IMARC Group expects the global aerostat systems market to exhibit strong growth during 2020-2025.

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.

Report Coverage:

Historical, Current and Future Market Trends

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:

How has the global aerostat systems market performed so far and how will it perform in the coming years?
What are the key regional markets in the industry?
What has been the impact of COVID-19 on the global aerostat systems market?
What is the breakup of the global aerostat systems market based on the payload?
What is the breakup of the global aerostat systems market based on the sub-system?
What is the breakup of the global aerostat systems market based on the product type?
What is the breakup of the global aerostat systems market based on the propulsion system?
What is the breakup of the global aerostat systems market based on the class?
What are the various stages in the value chain of the global aerostat systems industry?
What are the key driving factors and challenges in the global aerostat systems industry?
What is the structure of the global aerostat systems market and who are the key players?
What is the degree of competition in the global aerostat systems market?