Global Aerostat systems market is estimated to grow up to $10.40 billion by 2021 at 17% CAGR during 2015-2021. An aerostat system uses lighter air such as helium to lift the balloon with a density nearly equivalent to air. A permanently deployed aerostat surveillance system can provide a low-cost long-endurance capability not possible with a fixed wing aircraft. The market is majorly driven by the increasing demand for surveillance in sectors such as military and homeland security applications. Also, aerostat systems are manufactured with advanced technology, thus offer higher performance over the surveillance aircraft. These alternatives such as unmanned aircrafts and drones are battery dependent, which may cause frequent failures for operations.
The report forecasts North America to be the largest market for aerostat systems. The region has huge investments in military and homeland security and the deployment of aerostat systems has increased significantly. Countries are migrating from unmanned surveillance aircrafts to aerostat systems for uninterrupted intelligence, reconnaissance, and surveillance solutions. APAC is expected to be the fastest growing CAGR during the forecasted period. Significant growth in investment in defence and collaborations with other countries for strengthening their military capabilities are expected to be the key driving force for the region.
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The report segmented global aerostat systems market on the basis of size, balloon type, payload, applications, and region. The country level analysis of each geographical region is the USP of our report. The analysis of the report is based on various parameters such as usage of aerostat systems in security sector, usage of aerostat systems in climatic research, commercial usage of aerostat systems and so on. The data is collected through primary and secondary research. The report provides detailed analysis of key market players and their strategies.
1. Aerostar International, Inc
2. ILC Dover LP
3. Israel Aerospace Industries Ltd.
4. Lindstrand Technologies, Ltd
5. Lockheed Martin Corporation
6. RosAeroSystems, International Ltd.
7. RT Aerostat Systems, Inc.
8. TCOM L.P.
9. Worldwide Aeros Corporation
10. Raytheon Company
11. Rafael Advanced Defense Systems Ltd.
12. Raven industries
13. Augur Rosaerosystems
14. Near space systems lnc.
15. Aeroscraft corporation
17. Sky Sentre
18. Henan equipment co. ltd.
19. World surveillance group
20. Spy flight
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This Occams Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2021
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
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