Aerostat Systems Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43791
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The aerostat systems market share is expected to increase by USD 6.73 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 14%.

This aerostat systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aerostat systems market segmentation by type (balloons, airships, and hybrid airships) and geography (North America, Europe, APAC, South America, and MEA). The aerostat systems market report also offers information on several market vendors, including Drone Aviation, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corp., Raven Industries Inc., Raytheon Technologies Corp., RT, TCOM LP, Thales Group, and Zero 2 Infinity SL among others.

What will the Aerostat Systems Market Size be During the Forecast Period?

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Aerostat Systems Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The better performance and cost benefits compared with geostationary satellites are notably driving the aerostat systems market growth, although factors such as spectrum management challenges reducing adoption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aerostat systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aerostat Systems Market Driver

One of the key factors driving growth in the aerostat systems market is the better performance and cost benefits compared with geostationary satellites. The increased demand for high-capacity wireless services, especially last-mile delivery, poses serious challenges to telecommunication service providers. As numerous base stations are required to provide good wireless communication services, the coverage of terrestrial networks is limited in some regions, and the operation involves high costs. In the last couple of decades, high-altitude aerostats have drawn interest as they combine the best features of terrestrial and satellite-based systems. Owing to their advanced propagation characteristics, they are able to deliver efficient, cost-effective broadband services and are a viable alternative infrastructure for the long-term provision of broadband access to users. A solitary high-altitude aerostat can act as a replacement for numerous terrestrial masts and significantly reduce operating costs. Technavio anticipates that the telecommunication service providers and satellite operators to invest heavily in the development and operation of cost-effective aerostat systems during the forecast period, which will drive the global aerostat systems market

Key Aerostat Systems Market Challenge

The spectrum management challenges reducing adoption will be a major challenge for the aerostat systems market during the forecast period. Congestion in certain frequency bands can be attributed to the rapid increase in the number of wireless devices. The allocation of dynamic frequencies of the spectrum becomes difficult during conflicts or disaster relief operations. The deployment of highly advanced autonomous airborne platforms for coordinated missions by military agencies has led to the development of real-time spectrum sharing capabilities. The increase in the adoption of mobile warfare reflects a large volume of data consumption and transfer and has led to excessive load on the microwave devices deployed in the spectrum band. Recent developments include the auctioning bandwidth for 5G services by numerous countries. As a part of the spectrum, which is to be auctioned, lies in the C-band satellite frequency range in the US (3,700-4,200 MHz), the US has been focusing on standardizing frequencies that can be used to compete in the global race to deploy 5G. This can jeopardize the full-arc coverage of the C-band, which is critical due to the flexibility and variety of services that it can provide within a limited timeframe. Therefore, the inadequate allocation and management of spectrum may restrict the deployment of high-altitude aerostat systems during the forecast period.

This aerostat systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Aerostat Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Drone Aviation
  • Israel Aerospace Industries Ltd.
  • Lindstrand Technologies Ltd.
  • Lockheed Martin Corp.
  • Raven Industries Inc.
  • Raytheon Technologies Corp.
  • RT
  • TCOM LP
  • Thales Group
  • Zero 2 Infinity SL

 

This statistical study of the aerostat systems market encompasses successful business strategies deployed by the key vendors. The aerostat systems market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aerostat systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aerostat Systems Market?

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27% of the market’s growth will originate from North America during the forecast period. The US is the key market for aerostat systems in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC, and MEA regions.

The vast expanse of national borders of countries such as the US necessitates the deployment of alternate surveillance equipment aboard aerostats and UAVs to ensure continuous coverage in regions that are unreachable by patrol forces. This will facilitate the aerostat systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Aerostat Systems Market?

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The aerostat systems market share growth by the balloons segment will be significant during the forecast period. The technology is expected to witness rapid deployment and is currently being subjected to pilot runs in certain countries like India to introspect the possibility of widespread adoption.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aerostat systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Aerostat Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14%

Market growth 2021-2025

$ 6.73 billion

Market structure

Concentrated

YoY growth (%)

8.35

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 27%

Key consumer countries

US, France, China, UK, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Drone Aviation, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corp., Raven Industries Inc., Raytheon Technologies Corp., RT, TCOM LP, Thales Group, and Zero 2 Infinity SL

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Aerostat Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aerostat systems market growth during the next five years
  • Precise estimation of the aerostat systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aerostat systems industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aerostat systems market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Balloons - Market size and forecast 2020-2025
    • Airships - Market size and forecast 2020-2025
    • Hybrid airships - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Drone Aviation
    • Israel Aerospace Industries Ltd.
    • Lindstrand Technologies Ltd.
    • Lockheed Martin Corp.
    • Raven Industries Inc.
    • Raytheon Technologies Corp.
    • RT
    • TCOM LP
    • Thales Group
    • Zero 2 Infinity SL

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The aerostat systems market growth will increase by $5.58 billion during 2019-2024.
    The aerostat systems market is expected to grow at a CAGR of 12.57% during 2019-2024.
    Technavio has segmented the aerostat systems market by type (Balloons, Airships, and Hybrid airships) and geographic (North America, Europe, APAC, South America, and MEA).
    Alphabet Inc., COMSovereign Holding Corp., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Raven Industries Inc., Raytheon Technologies Corp., RT, TCOM LP, Thales Group, Zero 2 Infinity SL are a few of the key vendors in the aerostat systems market.
    APAC will register the highest growth rate of 27.42% among the other regions. Therefore, the aerostat systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • France
    • UK
    • China
    • Russian Federation
    The key factors driving the aerostat systems market growth are:
    • Better performance and cost benefits compared with geostationary satellites
    • Increasing use of advanced materials
    The aerostat systems market vendors should focus on grabbing business opportunities from the balloons segment as it accounted for the largest market share in the base year.
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