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Aerostat Systems Market

Aerostat Systems Market Size, Share & Segmentation by Product Type (Balloon, Airship, Hybrid), by Propulsion System (Powered, Unpowered), by Class (Compact-Sized, Mid-Sized, Large-Sized), by Application (Military and Law Enforcement, and Commercial and Research), and by Regions | Global Market Forecast 2023-2030

Report Id: SNS/A&D/1118 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aerostat Systems Market Size was valued at USD 12.42 billion in 2022 and is expected to reach USD 35.44 billion by 2030, and grow at a CAGR of 14% over the forecast period 2023-2030.

Aerostats are low-flying airborne systems used for ground surveillance. They are made of large fabric envelopes filled with helium or hot air and have a maximum height of around 4,600 meters. Aerostat systems are suitable for elevating light payloads and are commonly used as tactical airborne platforms for radar systems, cameras, communication equipment, and other scientific equipment. These systems are designed and built to meet specific parameters like operating temperature, wind speed, altitude, and payload carrying capacity.

Aerostat Systems Market Revenue Graph

The aerostat is a hot air balloon that is tethered to a large envelope-like fabric. The aerostat surveillance system is used for low-level airborne ground surveillance. The aerostat's sign is determined by temperature, wind, altitude, and load capacity. The aerostat operates on the basis of light air gases such as hydrogen, hot air, and helium. They can be used for both scientific and commercial purposes. Today's military aerostat applications include surveillance, intelligence, and reconnaissance. The aerostat can move in the direction of the drag force.



  • Lightning

  • visibility

  • wind speed


  • Cost expensive

  • Unavailability of gases


  • Growing R&D

  • High growth rate


  • Harsh weather conditions


The covid 19 outbreak has resulted in unexpected losses in global industries. The pandemic has impacted the aerostat company's supply-demand chain. The global shutdown has halted the production of aerostats. Commercial air balloons also suffered significant losses. Furthermore, stringent government regulations governing aerostat company production have increased market challenges. Another major issue in this market is the scarcity of raw materials. The aerostat testing procedures were pushed back. The covid 19 aerostat market trends is decreasing. However, as the manufacturing process resumes, the aerostat market size is increasing. The global aerostat market is reviving, and demand is increasing by the day.

By Product Type:

The aerostat systems market has been divided into three categories based on product type: balloons, airships, and hybrids. The airship segment is expected to be the fastest-growing segment in the aerostat systems market, segmented by product type, registering a significant CAGR from 2022 to 2028. Airships are expected to be used as a mode of transportation to transport troops or cargo in areas with insufficient infrastructure.

By Propulsion System:

The aerostat systems market is divided into powered and unpowered systems based on the propulsion systems. The powered aerostat segment is expected to be the fastest-growing segment in the aerostat systems market by propulsion systems, registering a significant CAGR from 2022 to 2028. Because of their versatility and low fuel consumption, unpowered aerostats such as airships are expected to grow in popularity.

By Class Type:

During the forecast period, Asia Pacific is expected to capture a significant market share of the aerostat system market. The increased use of aerostat systems in developing countries such as China and India to find disaster risk management solutions is driving the market growth. Aerostat technology is widely used in China for search and rescue operations, critical site surveillance, and traffic monitoring. Furthermore, India's growing demand for aerostat systems for law enforcement and national security is driving the market growth.

By Application Type:

  • The aerostat systems market is divided into four segments law enforcement, military,

  • Commercial and research.


Lockheed Martin Corporation, Raytheon Company, TCOM L.P, Raven Industries, Augur Rosaero systems, ILC Dover, Exelis, RT LTA Systems Ltd, Lind strand Technologies, Aeroscraft Corporation, Rafael Advanced Systems (Israel), Allsopp Heli-kites, Hybrid Air Vehicles, Near Space Systems, and other players.


by Product Type

  • Balloon

  • Airship

  • Hybrid

by Propulsion System

  • Powered

  • Unpowered

by Class

  • Compact-Sized

  • Mid-Sized

  • Large-Sized

by Application

  • Military

  • Law Enforcement

  • Commercial

  • Research

Aerostat Systems Market Segment Chart

Regional Analysis:

The aerostat system market is analyzed in four major regions in North America, Europe, Asia Pacific, and the World. Currently, North America is expected to direct the market during the forecast period. This growth was due to the presence of key players, including Exelis Inc., ILC Daver, LP, Lockheed Martin Corporation, Raven Industries Inc., Raytheon Company, Tcom L.P., and others.

Asia Pacific estimates that it will take a significant market share of the aerostat system market during the forecast period. This market growth is due to the increased use of aerostat systems from developing countries such as China and India to find disaster risk management solutions. China makes extensive use of aerostat technology in search & rescue operations, critical site surveillance, and traffic monitoring. In addition, the growing demand for aerostat systems from India for law enforcement and national security is boosting the market growth.


North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Aerostat Systems Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 12.42 Billion
Market Size by 2030 US$ 35.44 Billion
CAGR CAGR of 14% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Balloon, Airship, Hybrid)
• by Propulsion System (Powered, Unpowered)
• by Class (Compact-Sized, Mid-Sized, Large-Sized)
• by Application (Military and Law Enforcement, and Commercial and Research)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Lockheed Martin Corporation, Raytheon Company, TCOM L.P, Raven Industries, Augur Rosaero systems, ILC Dover, Exelis, RT LTA Systems Ltd, Lind strand Technologies, Aeroscraft Corporation, Rafael Advanced Systems (Israel), Allsopp Heli-kites, Hybrid Air Vehicles, Near Space Systems, and other players.
Key Drivers • Lightning
• visibility
RESTRAINTS • Cost expensive
• Unavailability of gases

Frequently Asked Questions (FAQ) :

Table of Contents


1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Aerostat Systems Market, by Product Type 

8.1 Balloon

8.2 Airship

8.3 Hybrid


9.Aerostat Systems Market, by Propulsion System 

9.1 Powered

9.2 Unpowered


10. Aerostat Systems Market, by Class 

10.1 Compact-Sized

10.2 Mid-Sized

10.3 Large-Sized


11. Aerostat Systems Market, by Application

11.1 Military and

11.2 Law Enforcement

11.3 Commercial



12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3    Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4    Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5    The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6    Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America


13. Company Profiles

13.1 Lockheed Martin Corporation

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Raytheon Company

13.3 TCOM L.P

13.4 Raven Industries,

13.5 Augur Rosaero systems

13.6 ILC Dover

13.7 Exelis 

13.8 RT LTA Systems Ltd

13.9 Lind strand Technologies

13.10 Aero craft Corporation

13.11 Rafael Advanced Systems

13.12 Allsopp Heli kites

13.13 Hybrid Air Vehicles

13.14 Near Space Systems


14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments


15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Step 4: QA/QC Process

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