Aerostat Systems Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The military and law enforcement segment accounted for a major market share, primarily due to increased demand for aerostat systems to support intelligence, surveillance, and reconnaissance missions and enhance network communications capabilities in land and sea platforms. Ground-based and shipboard aerostats are effective and affordable systems that offer continuous, wide-area surveillance and timely provision of target information. They may be used for applications including early intrusion alerts, illegal immigration monitoring, anti-terrorism, fishing activity surveillance, and smuggling deterrence.

Several military and law enforcement end users are considering procuring various monitoring options in the coming years. Aerostat systems are expected to be one of the viable options for procurement due to their advantage in obtaining highly accurate and real-time surveillance data at a remarkably low total cost of ownership. Furthermore, the ease of integrating advanced ISR payloads, such as electro-optical/infrared cameras, radar, and communications relays, is expected to support their procurement plans. 

The aerostat systems market is estimated to register a CAGR of more than 7% during the forecast period.

Despite the considerable impact of the COVID-19 pandemic on the global economy, the growth in international conflicts led to increased military expenditure by various countries. The global military expenditure exceeded over USD 2.1 trillion as of 2021. The rise in military spending is expected to drive investments in aerostat systems by military end users.

Factors like growing terrorism, increasing territorial tensions, and border infiltrations globally are propelling the militaries to enhance their battlefield data-sharing capabilities. Though UAVs are becoming popular for ISR missions, UAVs cannot offer continuous wide-area surveillance for several days, resulting in several countries adopting aerostats as an alternative. Aerostat systems may operate 24/7 for weeks or even months at a time, offering persistent surveillance.

Other than military applications, aerostats are becoming popular for environmental research and commercial applications, like internet connectivity. Aerostats are being used to expand LTE networks and 5G technology in remote areas at a significantly low cost and energy.

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