Everything You've Ever Wanted to Know About Aerostat

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The global aerostat market accounted for US$ 6.11 Bn in 2018 and is expected to grow at a CAGR of 10.3% over the forecast period 2019-2027.

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The less operational cost aerostat and continuous technological up grades led to the rise in adoption of aerostat. Agreements and partnerships are the key strategies adopted by the key players to ensure higher growth in the aerostat systems market. The demand for high payload capacity, cost-effective high altitude persistent surveillance, capable of multiple mission-specific sensor mix are some of the major factors that are driving the global aerostat market. Companies across the world are highly emphasizing on offering aerostat for various use. For instance, Lockheed Martin, a US-based aerospace and defense company, provides Persistent Threat Detection System (PTDS), a helium-filled lighter than air system to deliver soldiers long-range ISR and communication assistance.



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The major companies operating in the aerostat market include Aeros, Allsopp Helikites Ltd., ILC Dover, Israel Aerospace Industries (IAI) Ltd., Lindstrand Technologies Limited, Raven Industries, Inc., Raytheon Company, Lockheed Martin Corporation, RT, and TCOM, L.P. Several other companies are also operating in the aerostat market, and are contributing substantial revenues year on year.

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