According to the latest report by IMARC Group, titled “Aerostat Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global aerostat systems market reached a value of US$ 9.7 Billion in 2020. Aerostats represent low-level airborne systems utilized for ground surveillance. They consist of large fabric envelopes filled with helium or hot air and are capable of reaching around 4,600 m in height. Aerostat systems aid in lifting light payloads and are commonly used as tactical airborne platforms for different scientific equipment, including radar systems, communication equipment, cameras, etc. They are designed and manufactured based on specific parameters, such as operating temperature, wind speed, altitude, payload carrying capacity, etc. Aerostat systems are also cost-effective, durable, eco-friendly, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The increasing number of research and development (R&D) activities aimed at improving the product performance in adverse environmental conditions, including extreme cold or heat, is primarily driving the aerostats systems market. Moreover, numerous organizations are utilizing intelligent video surveillance systems owing to their various advantages, such as object recognition and video analytics, and thereby further catalyzing the market growth. Apart from this, the escalating demand for high-quality aerostat systems on account of the growing territorial disputes is augmenting the global market. Furthermore, the government bodies of several countries are promoting the product utilization for various military applications, including reconnaissance and border security. This, in turn, is expected to propel the aerostat systems market across the globe over the forecasted period. 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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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
Breakup by Payload:
- Surveillance Radar
- Inertial Navigation System
- Thermal Imaging Camera
- Electro-Optical Sensor
- Electronic Intelligence
- Communication Intelligence
Breakup by Sub-System:
- Ground Control Station (GCS)
Breakup by Product Type:
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
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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