DUBLIN, November 24, 2021--(BUSINESS WIRE)--The "Aerostat Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Aerostat Systems estimated at US$8.1 Billion in the year 2020, is projected to reach a revised size of US$20.9 Billion by 2027, growing at a CAGR of 14.5% over the analysis period 2020-2027.
Balloon, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$10.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airships segment is readjusted to a revised 16.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 14% CAGR
The Aerostat Systems market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 14% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.
Hybrid Segment to Record 12.8% CAGR
In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$850.3 Million in the year 2020 will reach a projected size of US$2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027.
Select Competitors (Total 44 Featured):
Allsopp Helikites Ltd.
Israel Aerospace Industries Ltd. (IAI)
Lindstrand Technologies Limited
Lockheed Martin Corporation
Raven Industries, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
World Market Trajectories
Aerostat Systems: An Introductory Prelude
Future Prospects Remain Favorable for Aerostat Systems Market
Healthy Trajectory in Geospatial Technology Industry Boosts Prospects for Aerostat Systems: A Review of Capabilities and Functions of Various Geospatial Technologies
Aerostat Deployments on Growth Vertical Across the Geographies
Aerostats: Mainstay in ISR Strategies of the US Military
Europe Remains a Lucrative Market
India Warms Up to Aerostat Technology
Impact of Covid-19 and a Looming Global Recession
Exceptional Performance in Air, Land & Sea Surveillance Applications: Cornerstone for Present & Future Adoption of Aerostat Systems
Aerostat Systems Grab Attention in Airborne Surveillance Applications
Operational Class Aerostat Systems for Low-Cost Surveillance Applications
Strategic Aerostat Systems for Detection of Low-Flying, Fast-Moving Objects
Tactical Aerostat Systems Gain Traction as Persistent Surveillance Solutions
Recent Activity in Spy Balloons Vertical: A Review
China's Hi-Tech Balloons Spy on India from Tibet
Indian Authorities Seize Pakistani Spy Balloons
Spy Balloons Become Vogue in Military Strategies in Afghanistan
Germany to Deploy Aerostats in Mali-based U.N. Peacekeeping Mission
Aerostats Set to Make Big Gains in Maritime Surveillance
Tethered Aerostat Systems Drive Momentum in the Overall Aerostats Market
Tethered Aerostat Radar System (TARS): Highly Effective in Customs & Border Protection Applications
Aerostat Systems Increasingly Gaining Traction in Geo Spatial Intelligence
Evolving Role of Geospatial Data as the Key to Visualizing Data in Commercial Applications: Among the Primary Market Drivers for Aerostat Systems
A Peek into Usability and Relevancy of Geospatial Data in Select Core Sectors
Technology Improvements & Product Upgrades Continue to Widen Market Prospects: Select Recently Unveiled Aerostat Solutions
Otonom Teknoloji's Doruk-133B Can Endure High Wind and Harsh Weather Conditions
CSIR Rolls Out Third Generation Aerostat with Better Aerodynamic Efficiency
Lockheed Martin Enhances 74K Aerostat System with Advanced Radar Capabilities
New SkyStar 120 Mobile Micro-Tactical Aerostat System from RT LTA Systems
RT LTA Unveils Improved Bladder Material for Aerostat Systems
Aero-T Develops SkyGuard1 Aerostat System with Multiple Intelligence Sensors
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/ryoznp
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Laura Wood, Senior Press Manager
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