The global aerostat market will reach $10.4 billion by 2021, according to a forecast by research firm Research and Markets. This reflects a compound annual growth rate of 17 percent over 2015.
“Countries are migrating from unmanned surveillance aircrafts to aerostat systems for uninterrupted intelligence, reconnaissance, and surveillance solutions,” the report noted.
North America is predicted to be the largest market for aerostats. “The region has huge investments in military and homeland security, and the deployment of aerostat systems has increased significantly.” However, Asia-Pacific will witness the fastest growth rate.
