Lewes, DE -- (SBWIRE) -- 04/25/2019 -- Global Aerostat Systems Market is accounted for $6.24 billion in 2017 and is expected to reach $29.12 billion by 2026 growing at a CAGR of 18.7% during the forecast period. Some of the key factors propelling the market growth are the ability to provide vital geospatial evidence, increasing focus on using economical solutions for surveillance. However, due to lack of awareness among farmers and forage manufacturers and basic supporting infrastructure is hampering the market growth. Furthermore, the use of aerostats in coordinating missile defense acts as the future growth opportunity for the market.
An aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. Aerostats include unpowered balloons and powered airships. A balloon may be free-flying or tethered. Aerostats offer many advantages like consuming less fuel, being stationary, and carrying a large payload with minimum expenditure. Aerostats act as a deterrent to cross-border smugglers carrying illegal drugs by air. The designing and the manufacturing of the aerostat systems depend upon parameters such as operating temperature, wind speed, altitude, and payload carrying capacity.
Depending on the sub system, Surveillance RADAR segment is estimated to be the significant growing segment because of the growing adoption of electro-optics systems across different applications. On the basis of application, military segment holds the lucrative market share due to high demand for surveillance systems from the segment.
By geography, North America provides potential growth opportunities by its acceptance and already prevalent usage in law enforcement. There has been an increase in the usage of the aerostat systems in the US region for surveillance purposes.
Some of the key players in Aerostat Systems market include Lockheed Martin Corporation, Allsopp Helikites Ltd, RosAeroSystems, International Ltd, Israel Aerospace Industry , Raytheon Company, Lindstrand Technologies Ltd, Aeros Aerostat, Aerostar International Inc, RAVEN Inc., ILC Dover, L.P, Tcom L.P, Exelis Inc., Drone Aviation, Hybrid Air Vehicles Limited, and Aero Drum Ltd.
- Large-Sized Aerostats
- Compact-Sized Aerostats
- Mid-Sized Aerostats
- Ground Control Station (GCS)
Propulsion Systems Covered:
- Unpowered Aerostats
- Powered Aerostats
- Law Enforcement
- Homeland Security
- Environmental Research
- North America
Rest of Europe
- Asia Pacific
Rest of Asia Pacific
- South America
Rest of South America
- Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements.
Spanning over 185 pages "Aerostat Systems - Global Market Outlook (2017-2026)" report covers Executive Summary, Preface, Market Trend Analysis, Porters Five Force Analysis, Global Aerostat Systems Market, By Product, Global Aerostat Systems Market, By Class, Global Aerostat Systems Market, By Sub System, Global Aerostat Systems Market, By Propulsion System, Global Aerostat Systems Market, By Application, Global Aerostat Systems Market, By Geography, Key Developments, Company Profiling.
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