Aerostat System Market 2023 Driving Factors Forecast Research 2029

Aerostat system market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). A significant factor propelling the Aerostat System Market is the implementation of innovative search and rescue technology into the SkyStar 140 aerostat system that renders it easier to rapidly locate individuals that are missing or trapped in the ravages of terrorist acts or natural disasters. This innovative system, with its low-SWaP passive sensors, superior Direction Finding/Geo-Location capabilities, active multi-band IMSI catcher, and effective ground control application, underlines the market's commitment to enhancing disaster response and security and supports the growth and evolution of the market. For instance, in March 2023, RT Aerostat Systems launched the SkyStar 140, a small aerostat placed on a cell phone at DSEI Japan. The innovative search and rescue technology allows it possible to identify individuals that are missing or trapped immediately after a terrorist attack or natural disaster. The SkyStar 140 system consists of three low-SWaP (Size, Weight, and Power) passive sensors carried by three mini-tactical SkyStar aerostat systems, an advanced Direction Finding/Geo-Location system to detect and locate mobile signals, an active multi-band, multi-technology IMSI catcher to trigger inactive cell phones, and a ground control application.

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The global aerostat system market is segmented on the product type, Propulsion System, Class, and Payload. Based on the product type, the market is sub-segmented into balloon, airship, and hybrid. Based on the propulsion system, the market is sub-segmented into powered aerostats, and unpowered aerostats. Based on the class, the market is sub-segmented into compact-sized aerostats

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Aerostat System Market by Product Type
o Balloon
o Airship
o Hybrid

Global Aerostat System Market by Propulsion System
o Powered Aerostats
o Unpowered Aerostats

Global Aerostat System Market by Class
o Compact-Sized Aerostats
o Mid-Sized Aerostats
o Large-Sized Aerostats

Global Aerostat System Market by Payload
o Surveillance Radar
o Inertial Navigation Systems
o Camera
o Communication Intelligence (Comint)
o Electro-Optic/Infrared Sensor (EO/IR)
o Electronic Intelligence (Elint)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o CNIM Group
o Icarus Training Systems & Airborne Industries
o ILC Dover, LP
o Lindstrand Technologies Ltd.
o Lockheed Martin Corp.
o Otonom Technology
o Raven Industries, Inc.
o Rheinmetall AG
o RT LTA Systems Ltd
o TCOM, LP,
o Worldwide Aeros Corp.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global aerostat system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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