Aerostat Systems Market is estimated to register a CAGR of over 7% during the forecast period (2021-2027).
Global GDP fell more than 4% in 2020 due to the economic impact of the COVID-19 pandemic. However, according to the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% to reach $198 billion in 2020. Nevertheless, defense spending could decline in the near future due to global economic crises such as: It is caused by an infectious disease. These factors are expected to challenge the growth of the aerostart systems market during the forecast period.
A full report of Aerostat systems Market available at: https://www.orionmarketreports.com/aerostats-system-market/38025/
Aerostat systems Market- Segmentation
By Product Type
• Balloon
• Airship
• Hybrid
By Propulsion System
• Powered
• Unpowered
By Class
• Compact-sized
• Mid-sized
• Large sized
By Payload
• Electro-optic/Infrared sensors (EO/IR)
• Communication intelligence
• Cameras
• Electronic intelligence
• Surveillance radar
• Inertial navigation system
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Major Players
• Lockheed Martin Corporation
• Raven Industries Inc.
• Israel Aerospace Industries Limited
• TCOM, L.P.
• RT LTA Systems Ltd.
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