Aerostat Systems Market

Aerostat Systems Market by Applications (Military and Law Enforcement, and Commercial and Research) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AD-998
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 160
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The global aerostat systems market size was valued at USD 9.7 billion in 2020 and is expanding at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to border infiltrations.

A tethered hot air balloon composed of a big envelope-like fabric is known as an aerostat. At the low-level airborne ground, the aerostat surveillance system is utilized. Temperature, wind, altitude, and load capacity all influence the aerostat's sign. Light air gases such as hydrogen, hot air, and helium are used to power the aerostat. They can be used for research as well as commercial reasons. Surveillance, intelligence, and reconnaissance are now used by the military aerostat. The aerostat can move in the direction of the drag force. When the drag force is significant, however, tethers are used to regulate the displacement.

Aerostat Systems Market Key Takeaways

The economic effects of the COVID-19 pandemic are expected to reduce global GDP by more than 4% in 2020. The COVID-19 pandemic has resulted in unanticipated losses in worldwide companies. The pandemic has impacted the aerostat company's supply-demand chain. The manufacture of aerostats has been halted due to the worldwide shutdown. The business sector's air balloons also sustained a significant loss. The market for covid 19 aerostats is on the decline. The aerostat market size, on the other hand, is showing signs of improvement as manufacturing resumes. The worldwide aerostat market is improving, and demand is growing by the day.

Though UAVs are becoming more popular for ISR missions, they are unable to provide continuous wide-area observation for several days. As a result, some governments have adopted aerostats as a viable option. Aerostat devices can provide continuous observation for weeks or even months at a time. Aerostats are currently being utilized to expand LTE networks and 5G technologies in remote regions at a cheap cost and with minimal energy use. The US army's and other defense sector's increasing investments are providing the industry with a plethora of development prospects.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising terrorism and territorial disputes are estimated to drive market growth in the coming years.
  • Growing awareness about aerostats for environmental research and commercial uses, like internet connectivity, is anticipated to boost market expansion in the coming years.
  • Operational altitude and weather survival are projected to impede market growth.
  • Lack of availability of helium and other gases present major challenges that can hamper the market expansion during the forecast period.
  • Surge in R&D investments and technological advancements are expected to create opportunities for the market players.

Scope of the Report

The report on the global aerostat systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Aerostat Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Military and Law Enforcement, and Commercial and Research)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

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


Market Segment Insights

Military and law enforcement segment is projected to account for a key market share
In terms of applications, the aerostat systems market is divided into military and law enforcement, and commercial and research. The military and law enforcement segment is expected to account for a key share of the market in the coming years due to the rise in demand for aerostat systems to assist intelligence, surveillance, and reconnaissance operations, as well as to improve network communications capabilities on land and marine platforms. In addition, aerostats, both on the ground and onboard ships are effective and cheap devices that provide continuous, wide-area surveillance and timely target information. They may be used for early intrusion detection, illegal immigration monitoring, anti-terrorism, fishing activity surveillance, and smuggling deterrent, among other uses.

In 2019, the European Border and Coast Guard Agency (Frontex) conducted successful experiments in conjunction with the Hellenic Coast Guard, demonstrating that aerostats may be utilized successfully for maritime border monitoring. Following that, FRONTEX said that in 2020, they would begin a new pilot programme to evaluate the capacity and cost-effectiveness of aerostat platforms for maritime surveillance, as well as to adapt and optimize the equipment utilized. Such projects are likely to boost the military and law enforcement sectors' prospects in the coming years.

Aerostat Systems Market By Applications

North America is anticipated to dominate the market
On the basis of regions, the aerostat systems market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to dominate the market CAGR during the forecast period. The regional market growth can be attributed to substantial spending on communication and surveillance aerostat systems.  

The US Department of Homeland Security awarded Peraton a USD 277.5 million contract for Tethered Aerostat Radar Systems (TARS) for low-range border and marine surveillance activities in February 2020. However, the US Customs and Border Protection's recent decision to discontinue the seven-year-old surveillance blimp programme is likely to stifle the country's market growth. Many aerostat manufacturers in the United States are cooperating with telecommunication service providers to deliver improved communications network quality to consumers in the commercial and research segments.

Aerostat Systems Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerostat Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aerostat Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aerostat Systems Market - Supply Chain
  4.5. Global Aerostat Systems Market Forecast
     4.5.1. Aerostat Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aerostat Systems Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Aerostat Systems Market Absolute $ Opportunity
5. Global Aerostat Systems Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Aerostat Systems Market Size and Volume Forecast by Applications
     5.3.1. Military and Law Enforcement Commercial and Research
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Aerostat Systems Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Aerostat Systems Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Aerostat Systems Demand Share Forecast, 2019-2026
7. North America Aerostat Systems Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Aerostat Systems Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Aerostat Systems Market Size and Volume Forecast by Applications
     7.4.1. Military and Law Enforcement Commercial and Research
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Aerostat Systems Demand Share Forecast, 2019-2026
8. Latin America Aerostat Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Aerostat Systems Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Aerostat Systems Market Size and Volume Forecast by Applications
     8.4.1. Military and Law Enforcement Commercial and Research
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Aerostat Systems Demand Share Forecast, 2019-2026
9. Europe Aerostat Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Aerostat Systems Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Aerostat Systems Market Size and Volume Forecast by Applications
     9.4.1. Military and Law Enforcement Commercial and Research
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Aerostat Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Aerostat Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Aerostat Systems Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Aerostat Systems Market Size and Volume Forecast by Applications
     10.4.1. Military and Law Enforcement Commercial and Research
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Aerostat Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Aerostat Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Aerostat Systems Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Aerostat Systems Market Size and Volume Forecast by Applications
     11.4.1. Military and Law Enforcement Commercial and Research
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Aerostat Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Aerostat Systems Market: Market Share Analysis
  12.2. Aerostat Systems Distributors and Customers
  12.3. Aerostat Systems Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Aerostar International, Inc. ILC Dover LP Israel Aerospace Industries Ltd. Lindstrand Technologies Ltd. Lockheed Martin Corporation.
Segments Covered in the Report
The global aerostat systems market has been segmented on the basis of

Applications
  • Military and Law Enforcement
  • Commercial and Research
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
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

Key players competing in the 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, and Rafael Advanced Defense Systems Ltd.

 Aerostat Systems Market By Key Players

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