Aerostat Systems Market size to increase by USD 10.58 billion during 2022-2027| Better performance and cost benefits compared with geostationary satellites to drive the market growth- Technavio

jayfer2 0 Comments October 13, 2023

NEW YORK, Oct. 13, 2023 /PRNewswire/ — The Aerostat Systems Market size is expected to grow by USD 10.58 billion, accelerating at a CAGR of almost 15.07% during the forecast period. Better performance and cost benefits compared with geostationary satellites to drive the aerostat systems market growth. However, factors like vulnerable to extreme weather conditions may impede market growth. The market is segmented by Type (Balloons, Airships, and Hybrid airships), Propulsion (Powered and Unpowered), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample

Aerostat Systems Market 2023 – 2027: Key Highlights:

The report recognizes the following as some of the key players in the aerostat systems market: Aero Drum Ltd., Aeroscraft Corp., Airborne Industries Ltd., Altaeros, AUGUR RosAeroSystems, CNH Industrial NV, CNIM SA, Drona Aviation Pvt. Ltd., Forecast International Inc., Hybrid Air Vehicles Ltd., ILC Dover LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corp., Rafael Advanced Defense Systems Ltd., RT, Solar Ship Inc., TCOM LP, Thales Group, and Zero 2 Infinity S.L.
Aerostat Systems Market is fragmented in nature.
Market to observe 13.17% YOY growth in 2023.

Aerostat Systems Market 2023 – 2027: Market Dynamics:

Trends

Aerostat systems are gaining popularity for their persistent aerial surveillance and intelligence capabilities.
They offer a high vantage point, enabling continuous monitoring of areas for security and information gathering.
Increasingly used for maritime surveillance, including monitoring traffic, detecting illegal fishing, and preventing piracy.
Advancements in sensor technology have enhanced the surveillance capabilities of aerostat systems.

Challenges

Aerostats, composed of large balloon like structures, are vulnerable to damage and rupture from strong winds and severe weather events.
Repairs or replacements can be costly and time-consuming, impacting system uptime and efficiency.
Adverse weather can compromise the safety of aerostat flights, posing risks to both personnel and equipment.
Inclement weather conditions can hinder the deployment and recovery of aerostat systems, potentially disrupting mission execution.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing report

Aerostat Systems Market 2023 – 2027: Keg Segments:

The balloons segment is expected to dominate the market’s expansion during the forecast period. These balloons, typically filled with helium or hydrogen, take on elliptical or spheroid shapes and serve purposes such as atmospheric and climatic research, weather surveillance, remote sensing, and submillimeter astronomy. In many instances, an air flow blower system is employed for balloon inflation.

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Related Reports:

High-altitude Pseudo Satellites (HAPS) Market: The high-altitude pseudo satellites (HAPS) market is estimated to grow USD 134.55 million between 2022 and 2027 accelerating at a CAGR of 8.74%.

Marine Engine Monitoring System Market: The marine engine monitoring system market size is estimated to grow at a CAGR of 4.09% between 2022 and 2027 and the size of the market is forecast to increase by USD 132.58 million.

Aerostat Systems Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 15.07%
Market growth 2023-2027	USD 10.58 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	13.17
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 27%
Key countries	US, China, France, UK, and Russia
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Propulsion
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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