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The global aerostat systems market is increasing at a continuous pace owing to a vast pool of factors. This includes the easy to deploy nature, its wide range of applications, cost-effectiveness, low personnel expertise, and low operational costs. It is reported that there is a strong demand from homeland and military security for intelligence, surveillance, and reconnaissance, thereby leading to new investments.  The aerostat systems that are used in the US army program named as persistent ground surveillance system has a low operating cost as compared to using UAV. This is expected to contribute to the overall growth of the market. In recent years, it has been noticed that vendors are facing high level of acquisition risk owing to challenges like overweight components and difficulties in software development.

Global aerostat systems market

Due to aerostats being lighter than air vehicles, they face significant operational hazards. Lightning, visibility, and wind speed are some of the major factors limiting the capabilities of the aerostat system market.

In a study undertaken by the team of Market Research Future (MRFR), it was revealed that the global aerostat systems market is expected to grow notably during the forecast period between 2017 and 2023. The report states that the global market will garner a compound annual growth rate of 13% during the mentioned review period.

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