Aerostat System Market - By Component (Envelope/Bladder, Tether, Payload, Payload Platform, Communication Systems, Ground Control Station), By Application, By Product Type, By Class, By Propulsion & Forecast, 2023

Description

List of Tables

Aerostat System Market size is poised to expand at over 8% CAGR from 2023 to 2032 driven by the ongoing military modernization programs across the globe. Multiple governments worldwide, particularly in regions, such as the Asia Pacific and Middle East, are heavily investing on upgrading their defense capabilities. Aerostat systems are essential for modernization as they provide cost-effective and versatile solutions for persistent surveillance and reconnaissance. The demand for advanced military technologies coupled with the higher need for border security and threat detection will also contribute to the rising acceptance of aerostat systems as integral components of modernized defense strategies.

Furthermore, the introduction of more sophisticated and versatile aerostat solutions through new product launches to address the evolving market demands as well as attract defense agencies and security organizations seeking cutting-edge aerial surveillance tools will augment the market outlook. To cite an instance, in October 2023, World Mobile launched its first aerostat in Mozambique for fully implementing its sharing economy and commercial model in the nation after overcoming legal obstacles in Zanzibar, Tanzania.

The aerostat system industry is segmented into component, application, product type, class, propulsion, and region.

Based on component, the market size from the communication systems segment is projected to gain significant traction between 2023 and 2032. Aerostats, equipped with advanced communication payloads, serve as effective platforms for relaying signals and enhancing communication capabilities. Communication systems, comprising sophisticated technologies, including radars and sensors, cater to the increasing demand for seamless and resilient communication in defense and security operations. Additionally, multiple governments and defense organizations are heavily investing in integrated and efficient communication solutions, fueling the segment growth.

In terms of application, the aerostat system industry size from the infrastructure protection segment witnessed high demand in 2022 and is estimated to record considerable growth through 2032. Aerostats provide a cost-effective and versatile solution for safeguarding critical infrastructure, such as power plants, transportation networks, and borders. Furthermore, several governments and organizations worldwide are increasingly recognizing the effectiveness of aerostats in protecting vital assets, such as power plants, transportation networks, and strategic installations, propelling the segment expansion.

Regionally, the Asia Pacific aerostat system market accounted for a substantial revenue share in 2022 and is set to exhibit robust growth through 2032. Nations, such as India, China, and Japan are investing significantly in aerostat surveillance systems for border security, maritime surveillance, and disaster management. The heightened focus on military modernization coupled with the increasing need for persistent surveillance is driving the demand for aerostat systems in the region. Moreover, the diverse geographical challenges and security concerns are amplifying the appeal of aerostat systems, adding to the regional market outlook.

Product Code: 7562

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Aerostat system market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Component trends
2.4 Application trends
2.5 Product type trends
2.6 Class trends
2.7 Propulsion trends

Chapter 3 Aerostat System Industry Insights

3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
- 3.7.1 Partnership/Collaboration
- 3.7.2 Merger/Acquisition
- 3.7.3 Investment
- 3.7.4 Level of autonomy launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Increasing demand for persistent surveillance
  - 3.9.1.2 Growing adoption in commercial applications
  - 3.9.1.3 Increasing geopolitical tensions around the world
  - 3.9.1.4 Increasing technological advancements
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 Operational limitations due to adverse weather conditions
  - 3.9.2.2 High significant upfront investments
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Hybrid Air Vehicles
- 4.3.2 ILC Dover LP
- 4.3.3 Israel Aerospace Industries Limited
- 4.3.4 Lockheed Martin Corporation
- 4.3.5 Rafael Advanced Defense Systems Ltd.
- 4.3.6 RTX
- 4.3.7 TCOM, L.P.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Aerostat System Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 Envelope/Bladder
5.3 Tether
5.4 Payload
5.5 Payload Platform
5.6 Communication Systems
5.7 Ground Control Station
5.8 Others

Chapter 6 Aerostat System Market Estimates & Forecast, By Application (Revenue)

6.1 Key trends, by application
6.2 Defence
6.3 Environmental Monitoring
6.4 Infrastructure Protection
6.5 Traffic Monitoring

Chapter 7 Aerostat System Market Estimates & Forecast, By Product Type (Revenue)

7.1 Key trends, by product type
7.2 Balloon
7.3 Airship
7.4 Hybrid

Chapter 8 Aerostat System Market Estimates & Forecast, By Class (Revenue)

8.1 Key trends, by class
8.2 Large
8.3 Medium
8.4 Compact

Chapter 9 Aerostat System Market Estimates & Forecast, By Propulsion (Revenue)

9.1 Key trends, by propulsion
9.2 Powered
9.3 Unpowered

Chapter 10 Aerostat System Market Estimates & Forecast, By Region (Revenue)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 U.K.
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Russia
- 10.3.6 Nordics
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia

Chapter 11 Company Profiles

11.1 Aeroscraft Corporation
11.2 Augur Rosaerosystems
11.3 Drone Aviation Holding Corp.
11.4 Global Telesat Corp. (GTC)
11.5 Hybrid Air Vehicles
11.6 ILC Dover LP
11.7 Israel Aerospace Industries Limited
11.8 Lockheed Martin Corporation
11.9 Northrop Grumman Corporation
11.10 Rafael Advanced Defense Systems Ltd.
11.11 Raven Industries
11.12 Raytheon Technologies Corporation
11.13 RTX
11.14 Stratospheric Platforms Ltd.
11.15 TCOM, L.P.