The global aerostat system market is anticipated to grow at a CAGR of 11.5% during the forecast period (2024-2031). Aerostat systems are used in a variety of applications due to their ability to provide a vantage point for monitoring large areas. These applications include surveillance, defense and military functions, border security, disaster management, communication relays, environmental monitoring, scientific research, and telecommunications. Aerostats are used for surveillance, providing intelligence, surveillance, and reconnaissance (ISR) capabilities, early warning systems, detecting unauthorized border crossings, situational awareness in disaster response scenarios, communication relays, environmental research, and extending network coverage. The market’s growth is attributed to monitoring and security detection.
Long-range threat detection is an important factor for safety and security. Aerostat systems that incorporate this capability can be used for military, border security, disaster response, and protecting important infrastructure. The innovative development of the High Availability Aerostat System (HAAS) utilizing innovative radar technology by the Israel Missile Defense Organization (IMDO) in cooperation with TCOM, the US Missile Defense Agency, and Elta, a division of the main contractor Israel Aerospace Industries. For instance, in November 2021, The Israeli Ministry of Defense (MoD) launched the Israel Missile Defense Organization (IMDO) was testing an aerostat with a new radar capable of detecting long-range threats. The High Availability Aerostat System (HAAS) was manufactured by the US company TCOM. The radar was developed with the US Missile Defense Agency and Elta, a subsidiary of Israel Aerospace Industries' prime contractor.
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• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
· By Product Type
· By Propulsion System
· By Class
· By Payload
Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape- includes CNIM Group, Icarus Training Systems & Airborne Industries, ILC Dover, LP, Lindstrand Technologies Ltd., Lockheed Martin Corp., and others.
Aerostat System Market Report Segment
By Product Type
• Balloon
• Airship
• Hybrid
By Propulsion System
• Powered Aerostats
• Unpowered Aerostats
By Class
• Compact-Sized Aerostats
• Mid-Sized Aerostats
• Large-Sized Aerostats
By Payload
• Surveillance Radar
• Inertial Navigation Systems
• Camera
• Communication Intelligence (Comint)
• Electro-Optic/Infrared Sensor (EO/IR)
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Aerostat System Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
· CNIM Group
· Icarus Training Systems & Airborne Industries
· ILC Dover, LP
· Lindstrand Technologies Ltd.
· Lockheed Martin Corp.
· Otonom Technology
· Raven Industries, Inc.
· Rheinmetall AG
· RT LTA Systems Ltd
· TCOM, LP,
· Worldwide Aeros Corp.
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