Aerostat Systems Market Report

The global aerostat systems market has been projected to grow at the CAGR of 9.4% market during 2020-2027. In 2016, the market has generated a revenue of $4.27 billion and now it has been expected to cross the $9 billion mark by 2025.

The aerostat systems market is estimated to witness sustained growth during the forecast period with the steadily rising expenditure over surveillance systems across different countries. Consistent rise in border conflicts across various countries has been the major factor pushing the adoption of aerostat systems for surveillance and intelligence gathering. Further, the market growth is also driven by the expanding application area of aerostat systems. Aerostat systems are now being explored for wireless communication network so as to provide internet connectivity in remote and rural areas. Continual efforts towards the betterment of wireless communication networks would spur the penetration of aerostat systems in the communication sector. In addition, benefits such as low operating costs as compared to unmanned aerial systems, easy operation, and long endurance is another important factor propelling the market growth.

Market Segment Insights

The global aerostat systems market for the purpose of this study is studied for balloon shape, aerostat class, payload, and application. Based on balloon shape, the market is segmented into ellipsoidal and spheroidal. On the basis of aerostat class, the market is segmented into small (less than 20m), medium (20m to 50m), and large (more than 50m) class aerostat systems. According to payloads, the market is categorized into surveillance radar, electro-optical (EO/IR) systems, communication, and navigation systems. By applications, the market is segmented into defense, homeland security, and commercial.

1. Global Aerostat Systems Market, by Shape, 2018–2027 ($ Million)
   • Spheroidal
   • Ellipsoidal
2. Global Aerostat Systems Market, by Aerostat Class, 2018–2027 ($ Million)
   • Small (Less than 20m)
   • Medium (20m to 50m)
   • Large (More than 50m)
3. Global Aerostat Systems Market, by Payload, 2018–2027 ($ Million)
   • Communication Systems
   • Radar Systems
   • Electro-optical Payloads
   • Navigation Systems
   • Multiple Payloads
4. Global Aerostat Systems Market, by Application, 2018–2027 ($ Million)
   • Defense
   • Homeland Security
   • Commercial
5. Global Aerostat Systems Market, by Geography, 2018-2027 ($ Million)

• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Insights

For the purpose of this study, the global aerostat systems market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA) markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global aerostat systems market, with the U.S. being the largest country-level market. The country has the highest spending on the defense sector resulting in higher demand for aerostat systems. In addition, the presence of a large number of companies is another major factor supporting the market growth here.

Market Competition Assessment:

The global market is quite consolidated in nature, with few major players contributing to more than 40% of the total market revenue. The major players currently operating in the global aerostat systems market include TCOM L.P., Raytheon Company, Lockheed Martin Corporation, Aerostar International, Inc. and Israel Aerospace Industries Ltd. among others.

List of Key Companies:

• TCOM L.P.
• Raytheon Company
• Lockheed Martin Corporation
• Israel Aerospace Industries Ltd.
• Rafael Advanced Defense Systems Ltd.
• ILC Dover L.P.
• Aerostar International, Inc

Table of Content
Chapter 1 Preface

1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Aerostat Systems Market
2.2 Global Aerostat Systems Market, By Shape
2.3 Global Aerostat Systems Market, By Class
2.4 Global Aerostat Systems Market, By Payload
2.5 Global Aerostat Systems Market, By Application
2.6 Global Aerostat Systems Market, By Geography

Chapter 3 Market Dynamics

3.1 Product Insights and Market Overview
3.1.1 Global Aerostat Systems Market Revenue, 2018 – 2027, ($ Million)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.1 Impact Analysis of Drivers and Restraints
3.5 Competitive Analysis
3.5.1 Market Positioning of Key Market Players

Chapter 4 Global Aerostat Systems Introduction, by Shape

4.1 Introduction
4.2 Spheroidal
4.3 Ellipsoidal

Chapter 5 Global Aerostat Systems Introduction, by Class

5.1 Introduction
5.2 Small (<20m)
5.3 Medium (20m to 50m)
5.4 Large (>50m)

Chapter 6 Global Aerostat Systems Introduction, by Payload

6.1 Introduction
6.2 Communication Systems
6.3 Electro-optical/Infrared (EO/IR) Systems
6.4 Surveillance Radar
6.5 Navigation Systems

Chapter 7 Global Aerostat Systems Introduction, by Application

7.1 Introduction
7.2 Defense
7.3 Homeland Security
7.4 Commercial
7.5 Others

Chapter 8 North America Aerostat Systems Introduction

8.1 Overview
8.2 North America Aerostat Systems Introduction, By Shape, 2018 – 2027
8.2.1 Comparative Analysis
8.3 North America Aerostat Systems Introduction, By Class, 2018 – 2027
8.3.1 Comparative Analysis
8.4 North America Aerostat Systems Introduction, By Payload, 2018 – 2027
8.4.1 Comparative Analysis
8.5 North America Aerostat Systems Introduction, By Application, 2018 – 2027
8.5.1 Comparative Analysis
8.6 North America Aerostat Systems Introduction, By Region, 2018 – 2027
8.6.1 Comparative Analysis

Chapter 9 Europe Aerostat Systems Introduction

9.1 Overview
9.2 Europe Aerostat Systems Introduction, By Shape, 2018 – 2027
9.2.1 Comparative Analysis
9.3 Europe Aerostat Systems Introduction, By Class, 2018 – 2027
9.3.1 Comparative Analysis
9.4 Europe Aerostat Systems Introduction, By Payload, 2018 – 2027
9.4.1 Comparative Analysis
9.5 Europe Aerostat Systems Introduction, By Application, 2018 – 2027
9.5.1 Comparative Analysis
9.6 Europe Aerostat Systems Introduction, By Region, 2018 – 2027
9.6.1 Comparative Analysis

Chapter 10 Asia Pacific Aerostat Systems Introduction

10.1 Overview
10.2 Asia Pacific Aerostat Systems Introduction, By Shape, 2018 – 2027
10.2.1 Comparative Analysis
10.3 Asia Pacific Aerostat Systems Introduction, By Class, 2018 – 2027
10.3.1 Comparative Analysis
10.4 Asia Pacific Aerostat Systems Introduction, By Payload, 2018 – 2027
10.4.1 Comparative Analysis
10.5 Asia Pacific Aerostat Systems Introduction, By Application, 2018 – 2027
10.5.1 Comparative Analysis
10.6 Asia Pacific Aerostat Systems Introduction, By Region, 2018 – 2027
10.6.1 Comparative Analysis

Chapter 11 Middle East & Africa (MEA) Aerostat Systems Introduction

11.1 Overview
11.2 MEA Aerostat Systems Introduction, By Shape, 2018 – 2027
11.2.1 Comparative Analysis
11.3 MEA Aerostat Systems Introduction, By Class, 2018 – 2027
11.3.1 Comparative Analysis
11.4 MEA Aerostat Systems Introduction, By Payload, 2018 – 2027
11.4.1 Comparative Analysis
11.5 MEA Aerostat Systems Introduction, By Application, 2018 – 2027
11.5.1 Comparative Analysis
11.6 MEA Aerostat Systems Introduction, By Region, 2018 – 2027
11.6.1 Comparative Analysis

Chapter 12 Latin America Aerostat Systems Introduction

12.1 Overview
12.2 Latin America Aerostat Systems Introduction, By Shape, 2018 – 2027
12.2.1 Comparative Analysis
12.3 Latin America Aerostat Systems Introduction, By Class, 2018 – 2027
12.3.1 Comparative Analysis
12.4 Latin America Aerostat Systems Introduction, By Payload, 2018 – 2027
12.4.1 Comparative Analysis
12.5 Latin America Aerostat Systems Introduction, By Application, 2018 – 2027
12.5.1 Comparative Analysis
12.6 Latin America Aerostat Systems Introduction, By Region, 2018 – 2027
12.6.1 Comparative Analysis

Chapter 13 Company Profiles

13.1 TCOM L.P.
13.2 Lockheed Martin Corporation
13.3 Raytheon Company
13.4 Lindstrand Technologies Ltd.
13.5 Israel Aerospace Industries Ltd.
13.6 ILC Dover L.P.
13.7 Rafael Advanced Defense Systems Ltd.
13.8 Aerostar International, Inc. (Raven Industries, Inc.)
13.9 Worldwide Aeros Corporation
13.10 RosAeroSystems International Ltd.