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United States Aerostat Systems Market Size, Share, Growth: By Product Type: Balloon, Airship, Hybrid; By Sub-System: Aerostat, Ground Control Station (GCS), Payload; By Class: Compact-Sized Aerostats, Mid-Sized Aerostats, Large-Sized Aerostats; By Propulsion System; By Payload; Regional Analysis; Competitive Landscape; 2024-2032
United States Aerostat Systems Market Outlook
The United States aerostat systems market size reached approximately USD 4.95 billion in 2023. The market is estimated to grow at a CAGR of 10.2% in the forecast period of 2024-2032, reaching a value of around USD 11.95 billion by 2032.
Key Trends in the Market
An aerostat is a very lightweight aircraft that gains lift through the help of lighter-than-air gases such as helium and hydrogen, among others. Some of its common applications include surveillance, tactical communication, and advertising, among others.
- Aerostat systems provide an inexpensive day-night solution for border control and surveillance as they can track any unauthorised personnel, smugglers, as well as hostile forces in rough terrains.
- Growing usage of aerostats such as hot-air balloons for aerial advertising is one of the key United States aerostat systems market trends. These balloons can serve as floating billboards or carry a large-sized banner to increase their visibility among viewers.
- Telecommunications providers in the country are also increasingly relying on aerostats to provide cellular and network coverage in remote areas, in emergencies, and during disaster relief operations.
- Increased integration of electro-optic and infrared sensors in tethered aerostat systems to enhance situational awareness as well as threat detection also boosts the United States aerostat systems market growth.
Market Analysis
Based on product type, the market is divided into balloon, airship, and hybrid. On the basis of sub-system, the market is classified into aerostat, ground control station (GCS), and payload. Based on class, the market is categorised into compact-sized aerostats, mid-sized aerostats, and large-sized aerostats.
The United States aerostat systems market segmentation, on the basis of propulsion system, includes powered aerostats and unpowered aerostats. Based on payload, the market is segmented into surveillance radar, camera, inertial navigation systems, communication intelligence, electro-optic/infrared sensor (EO/IR), and electronic intelligence. The major regional markets of aerostat system in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States aerostat systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Lockheed Martin Corporation
- Raven Industries, Inc.
- TCOM Holdings, LLC
- ILC Dover, LP
- Worldwide Aeros Corp.
- Drone Aviation Corp.
- Israel Aerospace Industries (IAI) Ltd.
- Altaeros
- Peraton Corp.
- Carolina Unmanned Vehicles Inc.
- Others
Market Share by Product Type
As per the United States aerostat systems market analysis, airships occupy a significant share of the US market as they provide an economical solution for military reconnaissance and surveillance activities compared to high-end drones. These airships are capable of flying low and providing clear-quality images of the area during military operations, which also boosts their demand.
Subsequently, increased innovations by several market players are also expected to fuel the segment's growth. For example, in Nov 2023, LTA research unveiled the world’s largest airship, Pathfinder 1, which measures around 400 metres in length and is in its initial stages of flight testing.
Market Share by Payload
Cameras occupy a substantial portion of the United States aerostat systems market share, owing to the growing applications of aerial photography in military and defence, climate and weather monitoring, and commercial sectors, among others. These cameras are also used to provide a wireless video feed of an event or music festival being held in the country.
Favourable US government initiatives to support national security missions are also expected to heighten the segment’s growth. For example, in Nov 2023, QinetiQ US received a contract of around $170M from US law enforcement for customs and border protection programmes.
Competitive Landscape
Lockheed Martin Corporation, established in 1995, is an aerospace and security company, headquartered in Maryland, the United States. It offers a comprehensive range of solutions in aircraft, cyber, maritime systems, space, and sustainment and training systems, among others.
Raven Industries, Inc., founded in 1956, is a pioneer of advanced farming technology, with its headquarters in South Dakota, the United States. The company also offers high-end aerostat systems with integrated radar and sensors for surveillance of an area.
TCOM Holdings, LLC, is an airborne surveillance solutions company, incorporated in 1971 and based in Columbia, the United States. The company offers the designing, manufacturing, installation, and operation of aerostat systems.
Other United States aerostat systems market players include ILC Dover, LP, Worldwide Aeros Corp., Drone Aviation Corp., Israel Aerospace Industries (IAI) Ltd., Altaeros, Peraton Corp., and Carolina Unmanned Vehicles Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Sub-System |
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| Breakup by Class |
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| Breakup by Propulsion System |
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| Breakup by Payload |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Aerostat Systems Market Overview
8.1 Key Industry Highlights
8.2 North America Aerostat Systems Historical Market (2018-2023)
8.3 North America Aerostat Systems Market Forecast (2024-2032)
8.4 North America Aerostat Systems Market Breakup by Region
8.4.1 United States
8.4.2 Canada
9 United States Aerostat Systems Market Overview
9.1 Key Industry Highlights
9.2 United States Aerostat Systems Historical Market (2018-2023)
9.3 United States Aerostat Systems Market Forecast (2024-2032)
10 United States Aerostat Systems Market by Product Type
10.1 Balloon
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Airship
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Hybrid
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Aerostat Systems Market by Sub-System
11.1 Aerostat
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Ground Control Station (GCS)
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Payload
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United States Aerostat Systems Market by Class
12.1 Compact-Sized Aerostats
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mid-Sized Aerostats
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Large-Sized Aerostats
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Aerostat Systems Market by Propulsion System
13.1 Powered Aerostats
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Unpowered Aerostats
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 United States Aerostat Systems Market by Payload
14.1 Surveillance Radar
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Camera
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Inertial Navigation Systems
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Communication Intelligence
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Electro-Optic/Infrared Sensor (EO/IR)
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Electronic Intelligence
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
15 United States Aerostat Systems Market by Region
15.1 New England
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Mideast
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Great Lakes
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Plains
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Southeast
15.5.1 Historical Trend (2018-2023)
15.5.2 Forecast Trend (2024-2032)
15.6 Southwest
15.6.1 Historical Trend (2018-2023)
15.6.2 Forecast Trend (2024-2032)
15.7 Rocky Mountain
15.7.1 Historical Trend (2018-2023)
15.7.2 Forecast Trend (2024-2032)
15.8 Far West
15.8.1 Historical Trend (2018-2023)
15.8.2 Forecast Trend (2024-2032)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lockheed Martin Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Raven Industries, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 TCOM Holdings, LLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 ILC Dover, LP
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Worldwide Aeros Corp.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Drone Aviation Corp.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Israel Aerospace Industries (IAI) Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Altaeros
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Peraton Corp.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Carolina Unmanned Vehicles Inc.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Aerostat Systems Market: Key Industry Highlights, 2018 and 2032
2. United States Aerostat Systems Market: Key Industry Highlights, 2018 and 2032
3. United States Aerostat Systems Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. United States Aerostat Systems Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. United States Aerostat Systems Historical Market: Breakup by Sub-System (USD Billion), 2018-2023
6. United States Aerostat Systems Market Forecast: Breakup by Sub-System (USD Billion), 2024-2032
7. United States Aerostat Systems Historical Market: Breakup by Class (USD Billion), 2018-2023
8. United States Aerostat Systems Market Forecast: Breakup by Class (USD Billion), 2024-2032
9. United States Aerostat Systems Historical Market: Breakup by Propulsion System (USD Billion), 2018-2023
10. United States Aerostat Systems Market Forecast: Breakup by Propulsion System (USD Billion), 2024-2032
11. United States Aerostat Systems Historical Market: Breakup by Payload (USD Billion), 2018-2023
12. United States Aerostat Systems Market Forecast: Breakup by Payload (USD Billion), 2024-2032
13. United States Aerostat Systems Historical Market: Breakup by Region (USD Billion), 2018-2023
14. United States Aerostat Systems Market Forecast: Breakup by Region (USD Billion), 2024-2032
15. United States Aerostat Systems Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.95 billion.
The market is projected to grow at a CAGR of 10.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 11.95 billion by 2032.
The major market drivers are the growing military applications of aerostats, rising disputes at the border, and technological advancements.
The key trends of the market include increased utilisation of aerostat systems for border control and surveillance, growing usage of aerostats such as hot-air balloons for aerial advertising, rising deployment of aerostat systems for network coverage, and increased integration of electro-optic and infrared sensors in tethered aerostat systems.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different product types are balloon, airship, and hybrid.
The key players in the market are Lockheed Martin Corporation, Raven Industries, Inc., TCOM Holdings, LLC, ILC Dover, LP, Worldwide Aeros Corp., Drone Aviation Corp., Israel Aerospace Industries (IAI) Ltd., Altaeros, Peraton Corp., and Carolina Unmanned Vehicles Inc., among others.
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