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2023 Global Aerostat System Market Size, Share, Growth, Trends, Industry Analysis And Forecast To 2032
Aerostat System Market Report
Aerostat System Market Size, Growth Rate, And Forecast:
The global aerostat system market size is expected to grow from $9.73 billion in 2022 to $11.32 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerostat system market size is expected to reach $19.90 billion in 2027 at a CAGR of 15.2%.
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Aerostat System Market Drivers:
The growing use of persistent intelligence, surveillance, and reconnaissance is driving the growth of the aerostat systems market going forward. Persistent intelligence, surveillance, and reconnaissance (ISR) refer to an integrated intelligence and operations function that collects and analyzes information to support the decision-making process and enhance national security. Aerostat systems are used to provide real-time border security by offering a multi-mode surveillance approach to larger areas with lower maintenance requirements as compared to conventional aircraft and drones.
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Aerostat System Market Segments
•By Product: Balloon, Airship, Hybrid
•By Propulsion System: Powered, Unpowered
•By Payload: Electro-optic or Infrared Sensors (EO/IR), Communication Intelligence, Cameras, Electronic Intelligence, Surveillance Radar, Inertial Navigation System
•By Class: Compact Sized, Mid-Sized, Large Sized
•By Application: Military, Law Enforcement, Commercial, Environmental Research
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aerostat System market.
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Aerostat System Market Key Players:
Major competitors in the aerostat system market include Lockheed Martin Corporation, Raytheon Technologies Corporation, TCOM L.P, Raven Industries, AUGUR - RosAeroSystems, ILC Dover LP, RT LTA systems Ltd., Lindstrand Technologies Ltd., Aeroscraft Corporation, Rafael Advanced Defense Systems Ltd., RT Aerostats Systems, Israel Aerospace Industries, Aero Drum Ltd., Drone Aviation Corp, Worldwide Aeros Corp, Aerostar International Inc., Hybrid Air Vehicles Limited, Allsopp Helikites, Exelis Inc., Rheinmetall Canada Inc., Altaeros, Thales Group, Cameron Balloons, Aeros, Airborne Industries Inc., Otonom Teknoloji, Skydoc Systems Inc., and Carolina Unmanned Vehicles Inc.
The Business Research Company's "Global Aerostat System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Aerostat System Market Include:
1. Executive Summary
2. Aerostat System Market Characteristics
3. Aerostat System Market Trends And Strategies
4. Aerostat System Market - Macro Economic Scenario
5. Aerostat System Market Size And Growth
....
26. Africa Aerostat System Market
27. Aerostat System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerostat System Market
29. Aerostat System Market Future Outlook and Potential Analysis
30. Appendix
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