Press Release
Press Release
According to a new report by EMR titled, ‘The United States Aerostat Systems Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 4.95 billion in 2023. The market is estimated to grow at a CAGR of 10.2% between 2024 and 2032 to reach USD 11.95 billion by 2032.
The United States aerostat systems market expansion is being fuelled by the increasing demand for border control and surveillance day-night solutions. Aerostats, lightweight aircraft using helium or hydrogen for lift, are increasingly adopted for applications like surveillance, tactical communication, and advertising. Growing terrorism, territorial tensions, and border infiltrations drive militaries to enhance battlefield data-sharing capabilities. Unlike UAVs, aerostats offer continuous wide-area surveillance for extended periods, making them a preferred choice for persistent surveillance operations.
Figure: Military expenditure (% of GDP) in Major Countries, 2018-2022
Aerostat systems are increasingly deployed by military and law enforcement agencies for use in intelligence, surveillance, and reconnaissance missions, and enhanced network communications on land and sea. As shipboard and ground-based aerostats offer continuous, wide-area surveillance and timely target information, their demand for detecting illegal immigration monitoring, early intrusion alerts, anti-terrorism, fishing activity surveillance, and smuggling deterrence is increasing.
Beyond military use, aerostats are gaining popularity in environmental research and commercial applications, such as providing internet connectivity. They help expand LTE networks and 5G technology in remote areas cost-effectively. The increased integration of electro-optic and infrared sensors in tethered aerostat systems enhances situational awareness and threat detection, driving the market growth.
Telecom providers are increasingly using aerostats to deliver cellular and network coverage in remote areas, emergencies, and disaster relief operations. Rapid technological advancements are also propelling the market development. Innovations in sensor technology, communication systems, and materials are enhancing the efficiency and adaptability of aerostat systems for surveillance, reconnaissance, and communication, driving the market growth.
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The major players in the United States aerostat systems 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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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