Aerostat Systems Market

The global aerostat systems market was valued at US$ XX in 2017 and is projected to reach US$ XX by 2022, growing at a CAGR of XX% during the period 2017-2022.

Aerostat systems are equipment latched onto aerostats to render them useful for specific purposes such as surveillance, thermal imaging and weather forecast, and navigation. Aerostats consist of both balloons (tethered or free-flying) as well as airships that make use of aerostatic lift to stay afloat (as opposed to movement in surrounding air mass required by heavy aerodynes to function).

Market Dynamics

The market is expected to register a healthy growth during the forecast period, with growing demands for intelligence and surveillance being the primary driving factors. The market has also been registering notable growth prospects amidst rising cross-border disputes and extremist attacks on a global scale. Also, aerostat systems can be of specific assistance during emergency situations that include surveillance and communications during natural calamities such as floods, cyclones, and earthquakes. Moreover, aerostat systems are being increasingly invested in by major global economies, notably the US and Japan.
Investments in ISR (intelligence, surveillance, reconnaissance) payloads have been on recent highs, primarily to enhance military intelligence and border security
Technological advancement in the integrated software systems in aerostat payloads are to be considered another potential driving factor, especially with ongoing research and development activities rendering older systems far behind newer models. With the markets investors and clients expecting only the latest, healthy sales are to be assured amidst advancement in specific technicalities and features products can offer.

Market Segmentation

The global aerostat systems market is segmented

> Based on Payload into communication intelligence, electro-optical sensor, electronic intelligence, thermal imaging camera, inertial navigation system, and surveillance radar. Amongst these, the surveillance radar segment dominates the market owing to growing investments towards surveillance systems in military exercises. Also, the communication intelligence segment is expected to register healthy growth through the forecast period in coherence with growing requirements related to surveillance, communication, intelligence, reconnaissance, border security, and other military activities.
> Based on Propulsion Type the market is also segmented into unpowered balloons and powered airships on the . With respect to this segmentation, the powered airships segment dominates the market owing to lower fuel consumption, thus making them far more viable than unpowered aerostats.

Geographical Analysis

Regionally, the market is segmented into the Americas, EMEA (Europe, Middle East and Africa), and Asia-Pacific. The Americas have the highest market share presently, owing to increasing investments towards aerostat systems in the region (highest in the US). The market has also been witnessing growth in the Middle East over ongoing unrest and terrorism threats in the region.

Key players

Key players in the global aerostat systems market include AUGUR RosAeroSystems, Lockheed Martin, RT, Raytheon, Raven Aerostar, TCOM, ILC Dover, Lindstrand Technologies, Drone Aviation, and FLIR Systems.

Report Contents:

> Aerostat Systems Market segments
> Aerostat Systems Market Drivers, Restraints and Opportunities
> Aerostat Systems Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Aerostat Systems Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players

Regional Analysis:

> North America

>>US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Westren Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastren Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Aerostat Systems Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Aerostat Systems Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

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