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Aerostat System Market Share

Report ID: GMI7562
Published Date: Dec 2023
Report Format: PDF

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Aerostat System Market Share

The major players operating in the aerostat system industry are-

Hybrid Air Vehicles
ILC Dover LP
Israel Aerospace Industries Limited
Lockheed Martin Corporation
Rafael Advanced Defense Systems Ltd.
RTX
TCOM, L.P.

These companies are recognized in the market due to their expertise, innovation, and established presence in aerospace and defense. Moreover, Lockheed Martin Corporation is one of the major dominating player in the market with market share holding of around 2.5%. They have a track record of delivering high-quality aerostat solutions, advanced technology, and comprehensive services. Their dominance is attributed to their capabilities, experience, and successful implementation of aerostat systems for various applications worldwide.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for aerostat system was valued at USD 13.1 billion in 2022 and is anticipated to record over 8% CAGR between 2023 and 2032 attributed to the rapid technological advancements.

The defense segment accounted for around 35% market share in 2022 and is poised for substantial growth through 2032 as governments are increasingly recognizing the strategic significance of aerostat systems in military surveillance, border control, and threat detection.

North America aerostat industry was worth USD 4.9 billion in 2022 and is poised for significant growth through 2032 owing to increased defense spending, the rising demand for surveillance & border control solutions, and ongoing technological advancements.

Hybrid Air Vehicles, ILC Dover LP, Israel Aerospace Industries Limited, Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., RTX, and TCOM, L.P.