DUBLIN, May 3, 2019 /PRNewswire/ -- The "Aerostat Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global aerostat systems market reached a value of US$ 5.5 Billion in 2018.
Aerostats are low-level airborne systems that are used for ground supervision. They are made of large fabric envelops filled with helium or hot air and have an optimal reach of around 4,600 m in height.
Aerostat systems are considered suitable for elevating light payloads and are generally used in the form of tactical airborne platforms for radar systems, cameras and communication equipment along with other scientific equipment. These systems are designed and manufactured according to the specific parameter requirements such as operating temperature, wind speed, altitude and payload carrying capacity.
Looking forward, the market is expected to reach a value of US$ 10.3 Billion by 2024, registering a CAGR of around 11% during 2019-2024.
Global Aerostat Systems Market Drivers:
Aerostat systems are used for a wide variety of applications including information gathering, surveillance and scientific research. They are cost-effective, durable and eco-friendly as well as have high structural integrity. These are some of the features which are expected to augment the demand for these systems across the globe.
Over the past few years, there has been a rise in the number of investments made by manufacturers for R&D activities. These investments are aimed to improve the functioning of aerostat systems in adverse environmental conditions such as extreme cold or heat.
There are numerous organizations which have started employing intelligent video surveillance systems owing to several advantages offered by them, such as object recognition and video analytics. Other than this, the demand for high-quality aerostat systems has also escalated on account of rising territorial disputes in regions like Asia Pacific.
Governments across the globe have started promoting the utilization of aerostat systems for different military applications which include reconnaissance and border security. Additionally, these systems are increasingly being used for communicating signs that indicate natural disasters, civil unrest and crimes within a country.
Key Questions Answered in This Report:
- How has the global aerostat systems market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global aerostat systems industry?
- What is the breakup of the global aerostat systems market based on the payload?
- What is the breakup of the global aerostat systems market based on the sub-system?
- What is the breakup of the global aerostat systems market based on the product type?
- What is the breakup of the global aerostat systems market based on the propulsion system?
- What is the breakup of the global aerostat systems market based on the class?
- What are the various stages in the value chain of the global aerostat systems market?
- What are the key driving factors and challenges in the global aerostat systems market?
- What is the structure of the global aerostat systems market and who are the key players?
- What is the degree of competition in the global aerostat systems market?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Aerostat Systems Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Payload
5.4 Market Breakup by Sub-System
5.5 Market Breakup by Product Type
5.6 Market Breakup by Propulsion System
5.7 Market Breakup by Class
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Payload
6.1 Surveillance Radar
6.2 Inertial Navigation System
6.3 Thermal Imaging Camera
6.4 Electro-Optical Sensor
6.5 Electronic Intelligence
6.6 Communication Intelligence
7 Market Breakup by Sub-System
7.2 Ground Control Station (GCS)
8 Market Breakup by Product Type
9 Market Breakup by Propulsion System
9.1 Powered Aerostats
9.2 Unpowered Aerostats
10 Market Breakup by Class
10.1 Compact-Sized Aerostats
10.2 Mid-Sized Aerostats
10.3 Large-Sized Aerostats
11 Market Breakup by Region
11.1 North America
11.3 Asia Pacific
11.4 Middle East and Africa
11.5 Latin America
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aerostar International Inc.
16.3.2 ILC Dover L.P.
16.3.3 Israel Aerospace Industries Ltd.
16.3.4 Lindstrand Technologies Ltd.
16.3.5 Lockheed Martin Corporation
16.3.6 RosAeroSystems International Ltd.
16.3.7 RT Aerostat Systems Inc.
16.3.8 TCOM L.P.
16.3.9 Worldwide Aeros Corporation
16.3.10 Raytheon Company
16.3.11 Rafael Advanced Defense Systems Ltd.
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