The latest report on “Aerostat Systems Market (Sub-system – Aerostat, Ground Control Station (GCS), and Payload; Product Type – Balloon, Hybrid, and Airship; Propulsion System – Powered, and Unpowered; Class – Compact-sized, Mid-sized, and Large-sized; Payload – Surveillance Radar, Camera, Inertial Navigation Systems, Communication Intelligence, Infrared Sensor/Electro-optic, and Electronic Intelligence): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global aerostat systems market is projected to grow at a CAGR of 16.1% over the forecast period of 2019-2025.
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Aerostat systems are large fabric envelopes filled with hot air or helium. These systems are used for elevating light payloads. The aerostat systems market is growing within a variety of application sectors. Companies operating in the global aerostat systems market are focusing on market share maximization through strategies such as mergers, acquisitions, and new product launches.
High Structural Integrity of Aerostat Systems Stimulates the Growth of the Aerostat Systems Market
The surge in the use of aerostat in a variety of applications such as information gathering, scientific research, and surveillance drives the growth of the aerostat systems market. Aerostat systems are eco-friendly and durable. The high structural integrity of aerostat systems stimulates the growth of the aerostat systems market. The growing use of aerostat systems in various military applications for border security and reconnaissance contributes to the growth of the aerostat systems market. The increasing demand for aerostat systems for communicating signs that indicate civil unrest, natural disasters, and crimes promotes the growth of the aerostat systems market.
In addition, factors such as low personnel expertise, low operational cost, and cost-effectiveness of aerostat systems boost the growth of the aerostat systems market. On the flip side, limitations aerostat systems such as operational hazards, wind speed, lightning, and visibility hinder the growth of the aerostat systems market. Moreover, the growing research and development in aerostat systems encourage innovations creating numerous opportunities for the growth of the aerostat systems market.
North America is Expected to Have a Premium Share in the Global Aerostat Systems Market
Based on geography, the global aerostat systems market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global aerostat systems market. The growing use of aerostat systems in the U.S for surveillance purposes drives the growth of the aerostat systems market in North America. The Asia-Pacific region is anticipated to grow in the global aerostat systems market with a significant CAGR over the forecast period. The rising threat of criminal activity and increasing terrorist instigated violence in the Asia-Pacific region contributes to the growth of the Asia-Pacific aerostat systems market. Europe is showing growth in the global aerostat systems market.
The report on the global aerostat systems market covers segments such as sub-system, product type, propulsion system, class, and payload. On the basis of the sub-system, the sub-markets include aerostat, ground control station (GCS), and payload. On the basis of product type, the sub-markets include a balloon, hybrid, and airship. On the basis of the propulsion system, the sub-markets include powered, and unpowered. On the basis of class, the sub-markets include compact-sized, mid-sized, and large-sized. On the basis of payload, the sub-markets include surveillance radar, camera, inertial navigation systems, communication intelligence, infrared sensor/electro-optic, and electronic intelligence.
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The report provides profiles of the companies in the market such as Allsopp Helikites Ltd., ILC Dover, LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Limited, Raytheon Company, Lockheed Martin Corporation, TCOM LP, Exelis Inc., Raven Industries Inc., BAE Systems Inc, and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the aerostat systems.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.