PUNE, India, March 9, 2016 /PRNewswire/ --
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", published by MarketsandMarkets, The global market is projected to reach USD 10.95 Billion by 2021, registering a CAGR of 15.10% during the forecast period.
Browse 67 Tables and 112 Figures spread through 159 Pages and in-depth TOC on "Aerostat Systems Market"
Early buyers will receive 10% customization on this report.
The market analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Asia-Pacific, Europe, and the Rest of the World.
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.
IniBefore Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=193315635
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.
Browse Related Reports
Unmanned Aerial Vehicles Market by Class (Small, Tactical, Strategic, Special Purpose), Subsystem (Data Link, GCS, and Software), Application (Military, Commercial and Homeland Security), Procurement by Purpose (Procurements, RDT&E, O&M), Payload & Geography - Global Forecast to 2020
Unmanned Ground Vehicles (UGV) Market by Application (Defense, Commercial), Mode of Operation, Size, Mobility, Payload, and Region (North America, Europe, Asia-Pacific, Middle East, Rest of the World) - Global Forecasts to 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M's flagship competitive intelligence and market research platform, "RT" connect over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arriving and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets