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Aerostat Systems Market size is set to grow by USD 14.15 billion from 2024-2028, Better performance and cost benefits compared with geostationary satellites boost the market, Technavio

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NEW YORK, Aug. 21, 2024 /PRNewswire/ –The global aerostat systems market size is estimated to grow by USD 14.15 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 17.11% during the forecast period. Better performance and cost benefits compared with geostationary satellites is driving market growth, with a trend towards growing demand for surveillance and intelligence. However, vulnerable to extreme weather conditions poses a challenge. Key market players include Aero Drum Ltd., Aeroscraft Corp., Airborne Industries Ltd., Altaeros, AUGUR RosAeroSystems, CNH Industrial NV, CNIM SA, Drona Aviation Pvt. Ltd., Forecast International Inc., Hybrid Air Vehicles Ltd., ILC Dover LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corp., Rafael Advanced Defense Systems Ltd., RT, Solar Ship Inc., TCOM LP, Thales Group, and Zero 2 Infinity S.L..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Aerostat Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 17.11%

Market growth 2024-2028

USD 14155.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.21

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 28%

Key countries

US, France, China, UK, and Russia

Key companies profiled

Aero Drum Ltd., Aeroscraft Corp., Airborne Industries Ltd., Altaeros, AUGUR RosAeroSystems, CNH Industrial NV, CNIM SA, Drona Aviation Pvt. Ltd., Forecast International Inc., Hybrid Air Vehicles Ltd., ILC Dover LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corp., Rafael Advanced Defense Systems Ltd., RT, Solar Ship Inc., TCOM LP, Thales Group, and Zero 2 Infinity S.L.

 

Market Driver

Aerostat systems have gained significant attention from countries and organizations due to their unique capabilities in providing persistent aerial surveillance and real-time intelligence. These systems offer an elevated vantage point, enabling comprehensive monitoring of large areas for extended periods, sometimes weeks or even months. Their benefits include persistent surveillance, rapid response to emerging threats, and effective monitoring of remote and challenging terrains. Aerostat systems are extensively used for border and coastal security, maritime surveillance, and detecting illegal activities such as smuggling and piracy. Advancements in sensor technology have enhanced their capabilities, allowing for multi-modal data collection through high-resolution cameras, radar systems, infrared sensors, and communication equipment. The global aerostat systems market is expected to grow due to these factors, making aerostat systems an attractive option for countries seeking cost-effective and long-enduring solutions for security and surveillance needs. 

Aerostat systems, which include balloons, airships, and hybrids, are gaining popularity in various sectors due to their ability to provide extended flight duration and increased payload capacity. Communication systems integrated with these systems enable better connectivity for remote areas. In the defense sector, aerostat systems are used for military surveillance, border control, and infrastructure protection. Drone evolution has led to the development of tethered UAV systems, which can be integrated with aerostats for enhanced reconnaissance capabilities. Small-class to large-class aerostat systems cater to different applications. For instance, medium-sized systems are ideal for disaster response and traffic monitoring, while large-sized systems are used for military and homeland security applications. RT aerostat systems, powered or unpowered, are equipped with cellular geolocation systems and AI algorithms for data analytics. Original Equipment Manufacturers, Sub-component Manufacturers, and Technology Support Providers are key players in this market. The future of aerostat systems lies in the integration of AI and advanced data analytics for more effective surveillance operations. 

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Market Challenges

Aerostat systems involve large balloon-like structures filled with helium or other lifting gases, susceptible to damage from extreme weather conditions. Adverse weather, including strong winds and storms, can cause structural damage or rupture, leading to costly repairs and downtime. Lightning poses a significant risk, potentially causing electrical failures and damaging sensitive equipment. Ensuring personnel safety during challenging weather is crucial. Weather disruptions can halt critical missions, such as surveillance, border security, or disaster response, resulting in lost intelligence. Deployment and recovery are complicated by inclement weather, making launches and landings challenging and potentially disrupting mission execution. These factors may hinder the growth of the global aerostat systems market.Aerostat systems, including balloons, airships, and hybrids, offer solutions for various applications such as infrastructure protection, traffic monitoring, and surveillance operations in the defense sector. These systems come in different sizes – small-class, medium-class, and large-class – and can be powered or unpowered. In the defense industry, aerostat systems are used for military applications and homeland security. In the commercial sector, they find use in environmental research and commercial applications. Challenges in this market include the need for advanced electro-optic sensors, infrared sensors, communication intelligence, cameras, electronic intelligence, and surveillance radar. Additionally, there is a growing demand for compact-sized and mid-sized aerostats for cost-effective solutions. Original Equipment Manufacturers (OEMs), Sub-component Manufacturers, and Technology Support Providers are key players in this market. The use of drones and anti-drones, UAVs, and aerial vehicles adds complexity to the market, requiring advanced inertial navigation systems and payload capabilities.

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Segment Overview 

This aerostat systems market report extensively covers market segmentation by

Type 1.1 Balloons1.2 Airships1.3 Hybrid airshipsPropulsion 2.1 Powered2.2 UnpoweredGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Balloons- Aerostat systems, specifically high-altitude balloons, are utilized for various applications such as atmospheric and climatic research, weather surveillance, remote sensing, and submillimeter astronomy. These structures are helium or hydrogen-filled, elliptical or spheroid-shaped hollow constructions that can remain inflated with the help of a hot air blower system or solar panels. High-altitude balloons can reach the near-space zone, between 12 to 62 miles above sea level, where they provide Internet connectivity in remote areas and offer longer endurance than conventional balloons. Telecom operators, including Google with Project Loon, are exploring the potential of aerostats to diversify their revenue streams and facilitate growth. The technology’s financial stability and investment capabilities are expected to fuel its growth, leading to the development of new business models and partnerships in the value chain. Innovative solutions like end-to-end commercial aerostat services and on-demand live video data acquisition can further boost business development in the aerostat systems market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Aerostat systems, also known as tethered aerial vehicles, offer a unique solution for communication systems and surveillance operations in various industries. These systems consist of airships, such as spheroidal or ellipsoidal balloons and hybrid airships, which can remain aloft for extended periods. Communication systems integrated with aerostats enable long-range, high-bandwidth data transfer, making them ideal for remote areas or disaster response situations. Surveillance applications of aerostat systems include the use of electro-optic and infrared sensors for reconnaissance and anti-drone measures. Small-class, mid-sized, and large-class aerostat systems cater to different requirements, from compact-sized units for specific missions to large-sized systems for extensive coverage. Drone evolution has led to the development of tethered UAV systems, which combine the advantages of drones with the endurance and stability of aerostats. Cellular geolocation systems and AI enhance the capabilities of these systems, providing real-time data processing and analysis. Unpowered and powered aerostat systems offer flexibility in terms of operational requirements and environmental conditions. Aerostat systems are revolutionizing the way we conduct surveillance and communication operations, offering cost-effective, versatile, and efficient solutions.

Market Research Overview

Aerostat systems are floating platforms used for various applications, including communication systems, surveillance, and reconnaissance. These systems consist of tethered UAVs, such as spheroidal or ellipsoidal balloons, airships, and hybrid designs, available in compact-sized, mid-sized, and large-sized options. They are employed in various sectors, including military and defense, homeland security, and commercial applications. Communication systems are a crucial component of aerostat systems, enabling long-range connectivity for remote areas. Surveillance operations use electro-optic sensors, infrared sensors, cameras, and surveillance radar for real-time monitoring. AI algorithms and data analytics enhance the capabilities of these systems, providing valuable insights for military surveillance, disaster response, border control, infrastructure protection, traffic monitoring, and environmental research. The defense sector relies on aerostat systems for intelligence gathering, while the commercial application sector uses them for communication and data services, meteorological research, and even entertainment. Original Equipment Manufacturers (OEMs), Sub-component Manufacturers, and Technology Support Providers contribute to the development and deployment of these advanced systems. Aerostat systems are evolving, with the integration of cellular geolocation systems, drone evolution, and anti-drone technologies, expanding their capabilities and versatility. The future of aerostat systems holds promise for continued innovation and growth in the defense, surveillance, and commercial sectors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBalloonsAirshipsHybrid AirshipsPropulsionPoweredUnpoweredGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Molex Unveils Versatile VaporConnect Optical Feedthrough Modules Enabling Thermal Management Innovations to Address AI-Driven Data Center Growth

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First-to-market, cassette-based solution for two-phase immersion cooling slashes time and cost associated with installing and upgrading hyperscale data centersPlug-and-play deployment easily connects immersion-tank optical transceivers to cabling infrastructure via fully upgradeable sealed modulesFuture-proof capabilities include flexibility to change connector types and shuffle circuit configurations without impacting mechanical interfaces or tank design

LISLE, Ill., Sept. 23, 2024 /PRNewswire/ — Molex, a global electronics leader and connectivity innovator, today introduced a thermal management solution that reduces the time and cost of deploying and upgrading high-performance data centers to meet unrelenting demand for generative AI and machine learning workflows. Molex VaporConnect™ Optical Feedthrough Modules for two-phase immersion cooling address constant increases in data center speed and capacity by leveraging a unique, cassette-based design that bolts directly onto immersion tanks and enables optical transceivers and network cabling infrastructure to be swapped out without changing mechanical interfaces or impacting immersion tank architecture. Reference designs for the new modules will be available commercially in Q1 of 2025.

“Molex continually embraces innovative optical solutions to ease data center deployments and upgrades while alleviating critical thermal management challenges,” said Trevor Smith, general manager, Optical Connectivity, Molex. “VaporConnect gives customers the flexibility to upgrade connectivity and scale cooling system designs to keep pace with data center growth by simply deploying a different module, which will accelerate upgrades while reducing overall energy, cooling and technology costs.”

Streamlining Two-Phase Immersion Cooling
Molex VaporConnect Optical Feedthrough Modules simplify the connections between optical transceivers contained within immersion tanks and cabling infrastructure that exists outside the tank using fully upgradeable sealed modules. With VaporConnect, sealing and cabling is accomplished inside the module, giving customers the opportunity to upgrade connectors without impacting immersion tank design or architecture. Additionally, customers have the flexibility to re-use standard cabling infrastructure for multiple product generations, which further reduces deployment time, cost and complexity.

A full range of industry-standard and Molex optical connector form factors are available for single- and multi-mode fiber solutions. They also feature mix-and-match functionality to facilitate system upgrades to newer or denser connectors. Customizable module footprints are available to fit specific space and application requirements. Also, Molex VaporConnect Optical Feedthrough Modules are designed to minimize external patching and shuffle requirements by leveraging Molex FlexPlane™ optical circuitry technology. As a result, complex optical shuffles and high-density fiber routing are integrated seamlessly within the module for simpler installation and plug-and-play operation.

Reliable, Versatile, Upgradeable Optical Interconnects
A sealing gasket comes with every VaporConnect module, which is thoroughly tested using industry-standard, helium-leak testing to ensure a reliable seal with the tank wall. This also assures a seamless transition from the server line cards inside the tank to outside cabling infrastructure. Testing is underway for compliance with industry-standard GR-1435-CORE.

VaporConnect modules are designed to accommodate customer specifications, with the number of fiber channels dependent on the number and type of connectors used. As many as 576 fibers can be integrated into a single module. A range of form factor options are available, including MPO, LC and very small form factor (VSFF) options, such as MMC, MDC, SN and SN-MT. This ensures conformance to existing infrastructure and streamlines system upgrades. As part of Molex’s continued investment in this area, an EBO connector option is currently in development, with availability slated for the first half of 2025.

Molex’s Commitment to Optical Network Innovations on Display at ECOC 2024
As the largest manufacturer of Optical Feedthrough Modules for two-phase immersion cooling, Molex has shipped more than 350,000 optical channels to date. At this year’s ECOC’24, Molex will reinforce its commitment to optical network infrastructure innovations with on-site product displays, including the new VaporConnect Optical Feedthrough Modules. The company’s extensive line of optical connectivity products, optoelectronics solutions and wavelength management systems also are being featured at Stand C75. As a participating member in OIF, Molex is part of an interoperability demonstration, which takes place at Booth B83, to spotlight optical networking innovations and solutions for data centers, AI/ML technologies and disaggregated systems.

About Molex
Molex is a global electronics leader committed to making the world a better, more-connected place. With a presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit www.molex.com.

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SOURCE Molex Incorporated

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Technology

CASIO Aims to Capture the Capital’s Fashion-Centric Urban Youth with its New Exclusive Store at Kamla Nagar

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NEW DELHI, Sept. 23, 2024 /PRNewswire/ — Casio Computer Co. Ltd, headquartered in Japan and the parent company of Casio India, launches its exclusive store in Kamla Nagar. With this endeavour, the brand has strengthened its retail footprint to 64 stores across India with the fifth exclusive Casio store in New Delhi.

Located in the heart of Kamla Nagar market, a vibrant hub for Delhi University students, the new Casio Exclusive store is poised to become an emblem of trendsetting timepieces, blending Japanese quality and craftsmanship with sophisticated style. The store features G-SHOCK’s Limited-Edition drops, all iconic styles of 5000, 5600, 6900, 110 & 2100 Series and the latest launches from the G-STEEL range. Customers will find timepieces that showcase precision and design—from the rugged durability of G-SHOCK to the timeless elegance of Casio watches to the sophisticated chronographs of Edifice, and the nostalgic appeal of Vintage—catering to a wide array of tastes and preferences.

Speaking about the launch, Mr. Hideki Imai, Managing Director of Casio India, said, “We are thrilled to announce the opening of our newest CASIO store in Kamla Nagar, marking our fifth milestone in Delhi and our 64th across India. This launch represents a significant step in our nationwide expansion and our commitment to engaging with the students and watch enthusiasts who frequently visit and reside in the North campus of Delhi University.

“Kamla Nagar, with its vibrant community of young, creative minds, is the ideal location for our newest store. This launch reinforces our dedication to delivering unique and immersive experiences to our consumers in Delhi NCR, aligning with their evolving lifestyles and preferences. We look forward to welcoming our customers to the new store, where they can experience a fine blend of Japanese craftsmanship, unmatched durability and trendsetting style.”

Set to open its doors to Delhi University’s fashion and watch enthusiasts who value individuality and a unique sense of style, this store promises an enthralling experience unlike any other. Located at Shop No. 33/34, Kamla Nehru Marg, Bungalow Road, the brand invites visitors to explore its newly curated space, where every corner embodies the spirit of innovation and creativity. The store is operational from 10:30 AM to 09:30 PM on all days of the week.

About Casio India Co. Pvt. Ltd.:

Casio India Co. Pvt. Ltd.(CIC) is the Indian subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world’s leading manufacturers of consumer electronics and business equipment solutions. Casio India has established a dynamic presence in the Indian market since 1996, emerging as a leading and cherished consumer goods manufacturer. Casio India’s range of products includes the sales and marketing of Timepieces, Electronic Musical Instruments, Desktop Calculators, Scientific Calculators, Label Printers, and Clocks.

 Setting the benchmark for excellence, Casio India is dedicated to embodying the spirit of innovation and quality that defines the Casio legacy. With a strong commitment to its corporate creed of ‘creativity and contribution,’ Casio has consistently translated this ethos into the creation of innovative products making a positive impact on society.

For more information, visit https://www.casio.com/in/

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Hospital in Greenland chooses Sectra’s radiology solution–enhanced cross-country collaboration for improved patient care

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LINKÖPING, Sweden, Sept. 23, 2024 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra (STO: SECT B) will provide its enterprise imaging solution to Dronning Ingrids hospital (DIH) in Greenland. The solution will enhance DIH’s ongoing collaboration with hospitals in Denmark, addressing resource and subspecialty challenges, and ultimately improving patient care in the region. 

“The partnerships we have with hospitals in Denmark are highly important to us as we, being sparsely populated, struggle to recruit staff and cover medical specialties locally. To deliver care at the speed and quality we want, we need to both increase the efficiency of our internal radiology workflows and facilitate the cooperation with healthcare providers in Denmark. Sectra’s unified platform enables this by providing easy access to images, data, patient portfolio and necessary tools, along with the ability to efficiently share information,” says Cosmus Pyndt, Manager of the diagnostic and therapeutic department in the region.

DIH is Greenland’s central hospital. It is located in the city of Nuuk, also supporting 15 clinics spread around the country. The contract for Sectra’s enterprise imaging solution was signed in the second quarter of Sectra’s 2024/2025 fiscal year following a donation to the hospital from Kirsten og Freddy Johansens Fond. DIH will initially utilize the solution’s module for radiology.

“Sharing resources, expertise and workload between hospitals within a region or, as in this case, even across borders, is crucial in handling the increasing workloads in healthcare and resource shortages. Therefore, the sharing of information and images between hospitals should be efficient and easy. It is encouraging to witness the collaboration between DIH and hospitals in Denmark. The involvement of Rigshospitalet in Denmark, which went live with Sectra this summer, and particularly the expertise of Chief Radiologist Martin Lundsgaard Hansen, has been helpful in shaping this project,” says Sune Henriksen, Managing Director, Sectra Denmark.

He continues: “I am honored to support Dronning Ingrids hospital in delivering high-quality patient care, and we are excited about this new chapter for Sectra as we extend to support healthcare in Greenland.”

Sectra’s enterprise imaging solution provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in ‘Best in KLAS‘.

About Sectra
Sectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2023/2024 fiscal year totaled SEK 2,964 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.

For further information, please contact:
Dr. Torbjörn Kronander, CEO and President Sectra AB, +46 (0)705 23 52 27
Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, +46 (0)708 23 56 10

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