Infinium Global Research has recently published a report on the aerostat systems market. The report provides in-depth information about the aerostat systems market which is expected to grow at a CAGR of 16.1% over the forecast period.
An aerostat is a tethered balloon with an envelope containing lighter than air gas generating the bulk of the lifting force. Aerostats offer persistent surveillance and vital geospatial information.
Recognizing the evolving technological development, Infinium Global Research
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High Structural Integrity of Aerostat Systems Contributes to the Growth of the Aerostat Systems Market
The growing 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 contributes to the growth of the aerostat systems market. The rising use of aerostat systems in various military applications for border security and reconnaissance stimulates the growth of the aerostat systems market.
The growing demand for aerostat systems for communicating signs that indicate civil unrest, natural disasters, and crimes boosts the growth of the aerostat systems market.
Furthermore, factors such as low personnel expertise, low operational cost, and cost-effectiveness of aerostat systems propel the growth of the aerostat systems market. On the other side, limitations such as operational hazards, wind speed, lightning, and visibility hamper the growth of the aerostat systems market.
Moreover, the rising research and development in aerostat systems promote innovations creating novel opportunities for the growth of the aerostat systems market.
Segments Covered in this Premium Report
The global aerostat systems market is segmented on the basis of the sub-system, product type, propulsion system, class, and payload. The sub-system segment includes aerostat, a ground control station (GCS), and payload.
Based on product type, the aerostat systems market is divided into balloon, hybrid, and airship. The propulsion type segment includes powered and unpowered.
The class segment consists of compact-sized, mid-sized, and large-sized. The payload segment is divided into surveillance radar, camera, inertial navigation systems, communication intelligence, infrared sensor/electro-optic, and electronic intelligence.
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North America Is Anticipated to Hold A Largest Share
Geographically, the global aerostat systems market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a premium share in the global aerostat systems market.
The rising use of aerostat systems in the US for surveillance purposes contributes to the growth of the aerostat systems market in North America. The Asia-Pacific region is expected to grow in the global aerostat systems market with a healthy CAGR over the forecast period.
The growing threat of criminal activity and rising terrorist instigated violence in the Asia-Pacific region stimulates the growth of the Asia-Pacific aerostat systems market. Europe is growing in the global aerostat systems market.
Leading Key Players of Aerostat Systems Industry
The leading players in the global aerostat systems market are 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. The leading players in the global aerostat systems market are investing in research and development that encourages innovations contributing to the global aerostat systems market.
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Reasons to Access this Report:
- Comprehensive analysis of global as well as regional markets of the aerostat systems.
- Complete coverage of all the product type and applications 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.
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