Press release
Aerostat System Market 2023 - Market Size, Top Segments And Industry Forecast To 2032
Aerostat System Market
The Business Research Company's Aerostat System Global Market Report 2023 identifies growing use of persistent intelligence as the major driver for the Aerostat System market's growth in the forecast period. 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.
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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Major competitors in the Aerostat System market are Lockheed Martin Corporation, Raytheon Technologies Corporation, TCOM L.P, Raven Industries, AUGUR - RosAeroSystems, ILC Dover LP, RT LTA systems Ltd.
A key trend in the Aerostat System market includes technological advancement. Major companies operating in the market are focused on developing advanced innovations to sustain their market position. For instance, in July 2021, Altaeros, a US-based company operating in the aerial platform, launched ST-Flex, a portable, rapidly deployable autonomous aerostat SuperTower designed to simplify and accelerate network deployments for rural connectivity, disaster response, industrial IoT, and many other critical applications. ST-Flex is a portable and rapidly deployable tower designed to accelerate network deployments for rural connectivity for wireless communication and is capable of covering the same area as 10+ ground-based towers.
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The Aerostat System market is segmented -
• 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.
The Business Research Company's "Global Aerostat System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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