Increasing demand for aerostats in military and homeland security applications are driving the global aerostat systems market, which is anticipated to expand at a CAGR of 13.8% during the forecast period from 2015 to 2022. The overall aerostat systems market was valued at US$ 3,604.7 Mn in 2014. The key drivers for the market include the high endurance, high-resolution image-transmission capabilities, and cost effectiveness of the aerostat systems.
Albany, NY -- (SBWIRE) -- 08/12/2016 -- This report aims to provide a comprehensive strategic analysis of the global aerostat systems market along with the market size and growth forecast for the period from 2012 to 2022. Rising demand for aerostat systems majorly drives the global aerostat systems market. The demand is primarily due to aerostat systems' versatility of application, low operational costs, easy deployment, cost effectiveness, and ease of use. Moreover, strong demand from the weather, military, homeland security, surveillance, and communication sectors is expected to lead to the growth of the aerostat systems market.
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This research study on the global aerostat systems market provides a detailed analysis of how different countries across the globe are using aerostat systems in order to improve their intelligence, reconnaissance, and surveillance capabilities. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2022. The report includes a comprehensive coverage of the underlying economical, environmental, and technological factors influencing the aerostat systems market. It also provides the competitive landscape of the key players in the aerostat systems market in order to highlight the prevalent competition in this market. The report provides a detailed competitive analysis of the key players in the aerostat systems market and identifies various business strategies adopted by these leading players. The study explains the penetration of each market segment within various geographies and how they have accelerated the growth of the aerostat systems market.
Based on balloon type, the aerostat systems market is segmented into spheroidal and ellipsoidal aerostat systems. On the basis of class, the market is segmented into small-class, medium-class and large-class aerostat systems. On the basis of applications the aerostat systems market is segmented into military, homeland security, environmental research, and commercial applications. Moreover, based on payload, the market for aerostat systems is segmented into communication relays, electro-optics, surveillance radar, and navigation systems. Depending on their specific requirements and priority, defense organizations can opt between one or more of the aforementioned payloads to efficiently perform their surveillance and intelligence operations.
The report aims to provide a comprehensive, cross-sectional analysis of the aerostat systems market across geographical segments such as North America (the U.S. and the rest of North America), Europe (the U.K., Italy, Germany, Russia, and the rest of Europe), Asia Pacific (Japan, China, India, Australia, and the rest of APAC), the Middle East and Africa (Israel, the UAE, Saudi Arabia, Qatar, South Africa, and the rest of MEA), and Latin America (Brazil and the rest of Latin America).
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The report includes an overview of the market strategies, annual revenues, and recent developments of the key companies operating in the market. The key market participants profiled in the study include Lockheed Martin Corporation, Aerostar International, Inc., TCOM LP, Linstrand Technologies Ltd., RosAeroSystems International Ltd., ILC Dover LP, RT Aerostat Systems, Inc., Worldwide Aeros Corporation, and Israel Aerospace Industries. The report provides comprehensive analysis of aerostat systems market offered by leading players in the market. In-depth insights on research and development activities, new product launches, and upcoming technologies are also included in the report.
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