MRO Magazine

Global Aerostats Systems Market Worth $11 Billion by 2022 – Rise in Demand for Security & Surveillance Purposes – Research and Markets


May 24, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Aerostat Systems Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 – 2022” report to their offering.

The global aerostats systems market is expected to reach $11 billion by 2022 growing at 15% CAGR during 2016-2022.

There is a significant rise in demand for aerostats systems for security and surveillance purpose, which is a major driver for the market. The aerostats systems are cost effective as they acquires low operational cost. Moreover, numerous advantages and versatile applications lead to increase demand from military and weather & communication sectors. Growth in demand from surveillance and homeland security sectors are also expected to create steady rise in demand for these systems on global scale.

However, market competition from alternative technologies such as airships is a major challenge for the market. However, an increasing demand for environmental monitoring will create strong opportunity for the market.

The report segments the global aerostats systems market on the basis of size, balloon type, payload, applications and geography. On the basis of balloon type the market is segmented into two types; spheroidal balloon and ellipsoidal balloon. Currently the market is dominated by ellipsoidal balloon type which is also growing at the highest CAGR during the forecasted period of 2016-2022.

The regional paradigm of global aerostats market is dominated by the North America region, followed by Europe. The growing commercial applications of the aerostats systems in North America region is the major driver. Asia Pacific possess significant market opportunities over the forecasted period due to increasing investments in the security and surveillance sector and rising adoption trends in various application sectors. However, Middle East is expected to grow at the highest CAGR during the forecasted period.

Companies Mentioned:

  • Aeroscraft corporation
  • Aerostar International, Inc
  • Augur Rosaerosystems
  • Henan equipment co. ltd.
  • ILC Dover LP
  • Israel Aerospace Industries Ltd.
  • Lindstrand Technologies, Ltd
  • Lockheed Martin Corporation
  • Near space systems lnc.
  • RT Aerostat Systems, Inc.
  • Rafael Advanced Defense Systems Ltd.
  • Raven industries
  • Raytheon Company
  • RosAeroSystems, International Ltd.
  • Sky Sentre
  • Spy flight
  • TARS
  • TCOM L.P.
  • World surveillance group
  • Worldwide Aeros Corporation

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Sector Analysis

5 Market Segmentation

6. Geographic Analysis

7. Company Profiles

For more information visit http://www.researchandmarkets.com/research/8x9xx9/global_aerostat

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Aircraft, Radar Systems , Military Unmanned Systems