MRO Magazine

Global Aerostat Systems Market Will Boom Following the Demand for Persistent ISR Systems From 2015-2019: Technavio


October 14, 2015
By Business Wire News

LONDON

Technavio has published a new report on the global aerostat systems market,which is expected to grow at a CAGR of close to 11% from 2015-2019.

About the Report

According to the new report by Technavio, intelligence, surveillance, and reconnaissance (ISR) systems assist soldiers in getting close to an opponent’s position and observing their activities. This involves high risk to soldiers, but with advances in technology, persistent ISR systems have come to the attention of military forces.

“Lockheed Martin developed a persistent threat detection for the US Army, which provides more than one million hours of surveillance. Therefore, the demand for persistent ISR will drive the market growth during the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also accentuates the growing use of aerostat systems by military forces, especially in reconnaissance, surveillance, gathering information about the enemy as well as in air strikes.

“Previously, troops were used to gather enemy information, which put a soldier’s life at risk. However, advances in aerostat systems have made it easy for military forces to protect their borders and gather enemy intelligence without risking human life,” says Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the global aerostat systems market from 2015-2019. The report provides a global overview, market shares, segmentation by payload type, and growth prospects by region (the Americas, APAC, and EMEA).

Key Information Covered in the Report:

  • Key Vendors:
    • AUGUR-RosAeroSystems
    • Lockheed Martin
    • Raven Aerostar
    • Raytheon
    • RT
  • Market Growth Drivers:
  • Market Challenges:
  • Market Trends:

Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the ISR market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com