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Aerostat Systems Market

Aerostat Systems Market 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 2022-2028

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

Report Scope & Overview:

Aerostat Systems Market Size was valued at USD 10.9 billion in 2021 and is expected to reach USD 27.27 billion by 2028, and grow at a CAGR of 14% over the forecast period 2022-2028.

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.

MARKET DYNAMICS:

KEY DRIVERS:

  • Lightning

  • visibility

  • wind speed

RESTRAINTS:

  • Cost expensive

  • Unavailability of gases

OPPORTUNITIES:

  • Growing R&D

  • High growth rate

CHALLENGES:

  • Harsh weather conditions

THE IMPACT OF COVID-19

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.

COMPETITIVE LANDSCAPE

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 MARKET SEGMENTS:

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.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The 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

Aerostat Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 10.9 Billion
Market Size by 2028 US$ 27.27 Billion
CAGR CAGR of 14% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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
 
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
11.4Research

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
 

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Secondary Research

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