Aerostat radar systems, which are similar to radars, are used in the Aerostat System, a low-level surface-to-air missile defense system. Surface-to-air missiles, aerial bombardment of ground targets, tracking of enemy troop movements, weather atmospheric tracking, and military maneuvers are all applications of the Aerostat System. Aerostat systems are used by the U.S. Army's Electro-optical Integration Function (EOIB), Joint Reconnaissance Anti-radiation Technology (JTRAM), and Electronic warfare technologies to track the positions of hostile troops. The technologies used to locate hostile troop locations are the same in the EMR and JLENS systems. These frameworks use information provided by the administrators and information given by the satellites to control the airplane.

Market Dynamics:

Over the course of the forecast period, the global aerostat system market is anticipated to expand as a result of rising terrorist activities and international territorial tensions. In 2017, approximately 26,445 people worldwide were killed by terrorism, with 95 percent of those deaths occurring in the Middle East, South Asia, and Africa, as reported by Our World in Data. An aerostat system has been implemented for effective cross-border surveillance due to the large number of terrorist deaths.

In addition, it is anticipated that the global aerostat system market will expand at a faster rate in the not-too-distant future as a result of improved capabilities to provide crucial geospatial evidence.

Key features of the study:

• This report provides in-depth analysis of the global aerostat system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global aerostat system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Aerostar International, Inc., Raytheon Company, ILC Dover LP, Worldwide Aeros Corporation, Israel Aerospace Industries Ltd., TCOM L.P., Lindstrand Technologies, Ltd., RT Aerostat Systems, Inc., Lockheed Martin Corporation, and RosAeroSystems, International Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global aerostat system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Aerostat System Market

Detailed Segmentation:

• Global Aerostat System Market, By Product Type
  • Airship
  • Balloon
  • Hybrid
• Global Aerostat System Market, By Class
  • Small-class Aerostat
  • Medium-class Aerostat
  • Large-class Aerostat
• Global Aerostat System Market, By Application
  • Military
  • Homeland Security
  • Commercial Applications
  • Environmental Research
• Global Aerostat System Market, By Payload
  • Communication Relays
  • Electro-Optics
  • Surveillance Radar
  • Aerostat Navigation Systems
• Global Aerostat System Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
• Company Profiles:
  • Aerostar International, Inc.
  • Raytheon Company
  • ILC Dover LP
  • Worldwide Aeros Corporation
  • Israel Aerospace Industries Ltd.
  • TCOM L.P.
  • Lindstrand Technologies, Ltd.
  • RT Aerostat Systems, Inc.
  • Lockheed Martin Corporation
  • RosAeroSystems, International Ltd.