Global Aerostat Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Balloon, Airship, and Hybrid.

By Sub-System;

Aerostat, Ground Control Station(GCS), and Payload .

By Propulsion System;

Powered Aerostats, and Unpowered Aerostats.

By Class;

Compact-Sized Aerostats, Mid- Sized Aerostats, and Large-Sized Aerostats.

By Payload;

Surveillance Radar, Inertial Navigation Systems, and Camera.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn726937133 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Aerostat Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Aerostat Systems Market was valued at USD 14,904.73 million. The size of this market is expected to increase to USD 36,614.03 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 13.7%.

An aerostat system, a technologically advanced low-level airborne ground surveillance system utilizing balloon-type structures, relies primarily on helium gas for lifting tethered aerostat platforms. There's a growing trend towards employing hydrogen gas due to its greater availability and lower cost, despite its highly flammable nature. Operating costs for aerostat systems are notably lower compared to unmanned aerial vehicles (UAVs). The increasing utilization of aerostat systems for providing persistent surveillance in homeland security is expected to drive market growth. The growing use of aerostats in missile defense technology is a significant factor fueling market expansion. Ongoing developments aimed at enhancing the efficiency of aerostat systems further contribute to market growth. Opportunities in the aviation industry include the development of low-cost aerostats and Helikites solutions. Limitations related to operational altitude pose challenges to market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Sub-System
    3. Market Snapshot, By Propulsion System
    4. Market Snapshot, By Class
    5. Market Snapshot, By Payload
    6. Market Snapshot, By Region
  4. Global Aerostat Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers :
        1. Persistent Surveillance Demand
        2. Cost-Effectiveness
        3. Growing Focus on Border Security
        4. Advancements in Sensor Technologies
      2. Restraints :
        1. Operational Limitations
        2. Safety Concerns
        3. Vulnerability to Anti-Aerostat Measures
        4. Limited Endurance and Mobility
      3. Opportunities :
        1. Military Modernization Program
        2. Integration with Unmanned Systems
        3. Expansion of Civilian Applications
        4. Focus on Maintenance and Support Services
    2. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
    3. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
  5. Market Segmentation
    1. Global Aerostat Systems Market, By Product Type, 2020 - 2030 (USD Million)
      1. Balloon
      2. Hybrid
      3. Airship
    2. Global Aerostat Systems Market, By Sub-System, 2020 - 2030 (USD Million)
      1. Payload
      2. Ground Control Station
      3. Aerostat
    3. Global Aerostat Systems Market, By Propulsion System, 2020 - 2030 (USD Million)
      1. Powered Aerostats
      2. Unpowered Aerostats
    4. Global Aerostat Systems Market, By Class, 2020 - 2030 (USD Million)
      1. Large-Sized Aerostats
      2. Mid- Sized Aerostats
      3. Compact-Sized Aerostats
    5. Global Aerostat Systems Market, By Payload, 2020 - 2030 (USD Million)
      1. Camera
      2. Inertial Navigation Systems
      3. Surveillance Radar
    6. Global Aerostat Systems Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Allsopp Helikites Ltd.
      2. Exelis Inc.
      3. ILC Dover
      4. L.P.
      5. Israel Aerospace Industries
      6. Lindstrand Technologies Limited
      7. Lockheed Martin Corporation
      8. Raven Industries Inc.
      9. Raytheon Company
      10. Tcom L.P.
  7. Analyst Views
  8. Future Outlook of the Market