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The global aerostat systems market was valued at US$ 11.0 Billion in 2021.
We expect the global aerostat systems market to exhibit a CAGR of 12.9% during 2022-2027.
The widespread applications of aerostat systems, including information gathering, and surveillance and
scientific research activities, are currently driving the global aerostat systems market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of various manufacturing units of
Based on the payload, the global aerostat systems market can be segregated into surveillance radar,
inertial navigation system, thermal imaging camera, electro-optical sensor, electronic intelligence, and
communication intelligence. Currently, surveillance radar holds the majority of the total market share.
Based on the sub-system, the global aerostat systems market has been bifurcated into aerostat, Ground
Control Station (GCS), and payload. Among these, payload subsystem represents the largest segment.
Based on the product type, the global aerostat systems market can be categorized into balloon, airship,
and hybrid, where balloon type 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 share.
Based on the class, the global aerostat systems market can be divided into compact-sized aerostats,
mid-sized aerostats, and large-sized aerostats. Among these, compact-sized aerostats 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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