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Report Overview
The United States aerostat systems market value reached USD 4.95 billion in 2024. The market is estimated to grow at a CAGR of 10.2% in the forecast period of 2025-2034, reaching a value of around USD 11.95 billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Aerostat Systems Market Report Snapshots
United States Aerostat Systems Market Size
United States Aerostat Systems Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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 market is broken down into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Based on product types, the market is broken down into balloon, airship, and hybrid.
The competitive landscape consists of 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.
Based on the propulsion systems, the market is divided into powered aerostats and unpowered aerostats.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124