News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, April 19, 2017 ) The report "Aerostat Systems Market by Sub-System, by Product Type (Balloon, Airship, Hybrid), by Propulsion System (Powered, Unpowered), by Class (Compact-Sized, Mid-Sized, Large-Sized), by Payload, by Geography - Global Forecast to 2021", that analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Asia-Pacific, Europe, and the Rest of the World.
Browse 67 tables and 112 figures spread through 159 Pages and in-depth TOC on "Aerostat Systems Market - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
The global aerostat systems market is projected to reach USD 10.95 Billion by 2021, registering a CAGR of 15.10% during the forecast period.
A number of factors, such as the ability of aerostats to provide persistent surveillance in addition to vital geospatial information are expected to drive this market. The increased focus by defense departments of various countries towards using economical solutions for surveillance is also expected to bolster the growth of the said market.
Airships projected to be the fastest-growing segment in the aerostat systems market, segmented based on product type.
This segment is expected to register the highest growth rate, primarily driven by the capability of airships to provide effective surveillance even in turbulent conditions and their capability to carry heavier payloads.
Powered aerostats projected to witness the fastest growth in the aerostat market, segmented based on propulsion type.
The segment comprising powered aerostats is expected to witness a higher CAGR owing to their lesser fuel consumption, which makes them a viable alternative to unpowered aerostats.
Communication intelligence is expected to register the highest growth in the aerostat market, segmented based on payload.
The rapid growth of the aerostat systems for military applications in areas such as surveillance, communication, reconnaissance, intelligence, and border security, has increased the requirement for various payloads.
The aerostat systems equipment market is expected to witness the highest growth in the Middle East.
This growth can be attributed to the increasing emphasis by governments in the region on strengthening their surveillance capabilities in lieu of rise in terrorism. These aerostat systems are also extensively being used in countries such as Israel to spot any potential public unrest situations such as riots.
Lockheed Martin Corporation (U.S.): One of the key players in the aerostat systems market.
The major players in this market have been identified to be TCOM L.P (U.S.), Lockheed Martin (U.S.), Augur Rosaerosystems (Russia), RT LTA systems ltd (Israel), Raytheon (U.S.), and Raven Industries Inc. (U.S.).The report classifies the aerostat systems equipment market based on product type, class, propulsion system, and payload.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
