Pune, India -- (SBWire) -- 07/05/2018 --Market Highlights:
An aerostat is a platform which utilizes lighter than air gases such as hydrogen, helium and hot air gases. These gases help the aerostat to produce lift with the same overall as air. Aerostats include powered airships and unpowered balloons. These balloons are tethered to the ground. The components of aerostat include light weight skin which comprises of helium gas to provide payload, buoyancy and ground station. Aerostat is used for intelligence, surveillance and reconnaissance by military forces and also in civilian observation.
Aerostat has wide range of applications in the commercial and military forces. The operating cost associated with aerostat is low when compared with unmanned aerial systems which are expensive and have limited endurance. Aerostat requires less crew for its operation and also the maintenance is low because it has less mechanical parts. The versatility of applications provided by aerostat is producing the demand for persistent ISR and also for the homeland security which is driving the market.
The vendors are facing technical difficulties which are driving up the costs and also resulting in the delays in the schedule. Also, there are operational hazards associated with aerostats during the lightning and high wind speed. So, the operating the aerostat in those condition has become one of the major threat.
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Major Key Players
AUGUR-RosAeroSystems,
Raven Industries Inc.,
Lockheed Martin,
Raytheon,
Exelis Inc.,
Allsopp Helikites Ltd.,
ILC Dover, L.P.,
Israel Aerospace Industries,
Lindstrand Technologies Limited, and Drone Aviation
Global Aerostat Systems Market is expected to grow at a CAGR of around 13% during 2016-2023. The factors behind such significant growth are growing demand of surveillance and intelligence from military and homeland security agencies.
Competitive Analysis
The aerospace and defense industry value chain has evolved, moving from a traditional approach, where OEMs were involved in handling end-to-end manufacturing, to that of a design and systems integrator. The value chain consists of research and development (R&D), design, manufacturing, assembly, sales, and aftermarket services delivered to end customers.
With increasing aerospace activities, aerospace OEMs are moving from vertically integrated manufacturing to design and systems integration, and the industry structure has changed to a tier-based system of suppliers. Today, the majority of work is outsourced to partners with proven competencies across these areas. These partners invest in R&D activities and other processes together, sharing risks and revenues, which indicates that a larger share of manufacturing and assembly activities is available with Tier 2 and Tier 3 suppliers.
Regional Analysis
Aerostat is used for surveillance and border security and US being a largest military spender across the world are investing in aerostat systems. Some of the investments such as, Drone Aviation received an order to enhance the aerostat systems from a prime contractor of defense in US. The main purpose is to enhance systems where new technologies such as advanced optics, wireless electronics, infrared images and communication package are used.
The pentagon also has plans to deliver USD 1 billion weapon systems to Iraq that will help them to protect from terrorist. The systems include seven aerostats, 14 rapid aerostat initial deployment tower systems with an estimated cost of USD 90 million including the other equipment's and services which is likely to contribute for the growth of the market.
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Intended Audience
- Distributor & Supplier companies
- End-Users
- Consultants and Investment Bankers
- Government as well as Independent Regulatory Authorities
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Aerostat Systems Market 2016-2023: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects