A recent report published by Infinium Global Research on the aerostat systems market provides an in-depth analysis of segments and sub-segments in the global as well as regional aerostat systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aerostat systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global aerostat systems market. According to the report, the global aerostat systems market is projected to grow at a CAGR of 16.1% over the forecast period of 2019-2025.
Aerostat systems are large fabric envelopes filled with hot air or helium. These systems are used for elevating light payloads. The aerostat systems market is growing within a variety of application sectors. Companies operating in the global aerostat systems market are focusing on market share maximization through strategies such as mergers, acquisitions, and new product launches.
The surge in the use of aerostat in a variety of applications such as information gathering, scientific research, and surveillance drives the growth of the aerostat systems market. Aerostat systems are eco-friendly and durable. The high structural integrity of aerostat systems stimulates the growth of the aerostat systems market. The growing use of aerostat systems in various military applications for border security and reconnaissance contributes to the growth of the aerostat systems market. The increasing demand for aerostat systems for communicating signs that indicate civil unrest, natural disasters, and crimes promotes the growth of the aerostat systems market. In addition, factors such as low personnel expertise, low operational cost, and cost-effectiveness of aerostat systems boost the growth of the aerostat systems market. On the flip side, limitations aerostat systems such as operational hazards, wind speed, lightning, and visibility hinder the growth of the aerostat systems market. Moreover, the growing research and development in aerostat systems encourage innovations creating numerous opportunities for the growth of the aerostat systems market.
Based on geography, the global aerostat systems market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global aerostat systems market. The growing use of aerostat systems in the U.S for surveillance purposes drives the growth of the aerostat systems market in North America. The Asia-Pacific region is anticipated to grow in the global aerostat systems market with a significant CAGR over the forecast period. The rising threat of criminal activity and increasing terrorist instigated violence in the Asia-Pacific region contributes to the growth of the Asia-Pacific aerostat systems market. Europe is showing growth in the global aerostat systems market.
The report on global aerostat systems market covers segments such as sub-system, product type, propulsion system, class, and payload. On the basis of sub-system, the sub-markets include aerostat, ground control station (GCS), and payload. On the basis of product type, the sub-markets include balloon, hybrid, and airship. On the basis of propulsion system, the sub-markets include powered, and unpowered. On the basis of class, the sub-markets include compact-sized, mid-sized, and large-sized. On the basis of payload, the sub-markets include surveillance radar, camera, inertial navigation systems, communication intelligence, infrared sensor/electro-optic, and electronic intelligence.
The report provides profiles of the companies in the market such as Allsopp Helikites Ltd., ILC Dover, LP, Israel Aerospace Industries Ltd., Lindstrand Technologies Limited, Raytheon Company, Lockheed Martin Corporation, TCOM LP, Exelis Inc., Raven Industries Inc., BAE Systems Inc, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the aerostat systems market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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