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Aerostat Systems Market by Product Type (Balloon, Airship, and Hybrid), by Propulsion (Powered and Unpowered), by Class (Compact-Sized, Mid-Sized, and Large-Sized), by Application (Intelligence Gathering, Force Protection, Border Security, Rapid Acquisition, Surveillance, Investigation, Critical Infrastructure Security, Communication Relays, Situational Awareness, and Disaster Response), and by End User (Military, Law Enforcement, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09710
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Jan 2021 | 103 Views
 
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COVID-19

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Aerostat Systems Market Outlook – 2027

An aerostat is an aerodynamically structured tethered balloon containing a lighter than air gasses such as helium, hydrogen, and hot air gasses, which generate a large part of the lifting force. Aerostats are commonly used for a range of research and commercial purposes as an aerial framework. They are used for intelligence, surveillance, identification (ISR), and civil observation by military forces. Aerostats are ellipsoidal and suffer from a significant horizontal shift due to environmental winds. When the drag force acting on aerostat is high, the horizontal displacement is higher. The required operating altitude requires a longer tether, which reduces the potential for payloads. Aerostat operating costs are lower than unmanned aerial systems, the latter are costly and have low endurance.

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product type, propulsion, class, application,and enduser.

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

Aero Drum Ltd., ILC Dover, Israel Aerospace Industries, Raytheon Company,DRONE Aviation Corp, Hybrid Air Vehicles Limited, Raven Industries, RT Aerostats Systems, Lockheed Martin Corporation, Lindstrand Technologies, and Augur RosAeroSystems.

 

COVID-19 Scenario Analysis:

  • Because national safety is foremost important and safeguarding soldiers is a prime requirement that needs to be taken care of, therefore even while the world is tackling COVID-19 pandemic, still all the tactical procurement and maintenance related to the defense sector is continuing in majority of the countries.
  • Tech firms are stepping up their emphasis on high-demand innovations and finding new ways to support their consumers, even as the COVID-19 crisis poses problems across sectors and leads to a decline in high technology investment.
  • Major powers like the U.S. have already halted all troop movement, missions, and exercises. Supply-side shocks are indeed some of the most noticeable impacts on the defense sector from the consequences of the pandemic.
  • Defense has a comprehensive surveillance network in tandem with highly trained pilots and these facilities are being used to track the situation of law and order, during such times when the nation is under lockdown.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

It is expected that an increase in the need for accuracy in geospatial information would drive demand and supply of aerostat systems worldwide. The production of aerostat systems for communications, control, intelligence, surveillance, and recognition applications are being driven further by increasing numbers of terrorist activities. Features such as environmentally friendly, safe, low maintenance and operating costs and high structural integrity will continue to encourage the demand of aerostat systems. The growth of the global market should be stimulated through new product developments, innovation, and an increasing number of projects. Major costs associated with initial setup are expected to pose significant business challenges. Furthermore, limitations related to operating altitude and the restrictions associated with payload are further likely to impede market development.

The global aerostat systems market trends are as follows:

New product launches and deals to flourish the market

The United States Department of Homeland Security has awarded Peraton a contract of US$ 277.5 million for Tethered Aerostat Radar Systems (TARS) for low-level border and maritime supervision operations in February 2020. In August 2019, Drone Aviation Holding provided WASP Aerostat Systems in its southwestern border to the United States Border Patrol for operational support. Raven Industries also received a contract for the deployment of its TIF-25 K Aerostat Systems in Afghanistan in 2019 for USD 10.4 million. Also, DARPA in October 2019 announced its use of sensor-based Aerostats to test drone tracking technologies.

Technological advancements along with the use of aerostats for delivering communication services to remote locations

In particular, in the communication category, the aerostat systems have tremendous potential for commercial use. Most aeronautical companies’ partner with telecommunications providers to provide operators with expanded telecom services. Loon LLC, amongst many others, has partners in Peru to provide LTE network coverage with the telecom operators Telkom of Kenya, AT&T, Telefonica, etc. Altaeros launched the SuperTower ST200, the first global aerial cell tower, in February 2019. In the United States, Aerostat systems will also be used as a protection for high-value assets for urban drone tracking operations.

Segments

Sub-segments

Product Type

  • Balloon
  • Airship
  • Hybrid

Propulsion

· Powered

· Unpowered

Class

  • Compact-Sized
  • Mid-Sized
  • Large-Sized

Application

  • Intelligence Gathering
  • Force Protection
  • Border Security
  • Rapid Acquisition
  • Surveillance
  • Investigation
  • Critical Infrastructure Security
  • Communication Relays
  • Situational Awareness
  • Disaster response

End-User

  • Military
  • Law Enforcement
  • Commercial
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global aerostatsystemsindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the aerostat systems market research report:

  • What are the leading market players active in the aerostat systems market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

 

 

 

 

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
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  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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