Aerostat,Systems,Market,Driven technology Aerostat Systems Market Driven by Need for High-Security Sol

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Aerostat systems are used in military and homeland security applications. The upsurge in demand for Aerostat systems has propelled growth of the global market for the same and the overall market is anticipated to grow at a promising CAGR of 13.8% over the next few years.Persistent Surveillance Capabilities, Accuracy, Cost Effectiveness Major Market DriversAerostat systems offer improved alternatives as compared to unmanned surveillance aircrafts or drones. Aerostat systems have many benefits including higher operation times without lapses, persistent surveillance, and reconnaissance ISR without frequent maintenance or refueling. Due to these advantages, aerostat systems are preferred over other types of unmanned surveillance platforms. Aerostat systems are built with advanced payload systems, offer communication links and surveillance accurately, and hence reduce threats. These systems have flight spans of several thousand hours, which has impacted the market positively. Hence, the demand for aerostat systems is anticipated to increase substantially during the next few years.A complete brochure for this research is available for download.Other advantages of aerostat systems such as high-resolution image transmission, high endurance, and cost-effectiveness are factors that promote the market for these systems. Aerostat systems use fewer mechanical parts as compared to other surveillance aircraft, resulting in lower need for maintenance and low costs. Deployment and assembly is quicker in aerostat systems and payload carrying capacity is more, ranging to five tons. This capability enables aerostat systems to mount communication payloads and high performance surveillance systems for receiving accurate and real time data.Ellipsoidal Balloon-Shaped, Medium Class, and Surveillance Radar Segments, Hold Largest Market ShareAerostat systems are segmented based on balloon shape into spheroidal and ellipsoidal shapes. Ellipsoidal aerostat systems were favored in 2014 and held 75% of the overall market. Conversely, spheroidal aerostat systems are foreseen to develop at a vigorous CAGR of 15% during 2015-2022.Aerostat systems are segmented based on class and these include large, medium, and small class. In 2014, medium class aerostat systems had the largest market share, with 60%, but large class aerostat systems are anticipated to grow substantially during the next few years.Based on payload types, categories of the market include electro-optics, surveillance radar, and communication relays; the surveillance radar segment had the largest share in revenue with 44% in 2014. The electro-optics segment in payload types is projected to witness the strongest growth during the coming years.In the application-based segmentation of the aerostat systems market, military application recorded a revenue share of 68% in 2014 and this segment is estimated to continue its dominant position in the global market in the coming years.Due to the demand from U.S. military and homeland security, North America has grown as the largest market for aerostat systems among the geographic regions. However, due to intense market penetration, the growth pattern for the near-saturated aerostat systems market is expected to remain stagnant during the next few years. In the global aerostat systems market, the maximum sales are from the defense sector and manufacturers acquire the contracts through tenders issued by defense ministries. The U.S. Department of Defense is the largest customer for aerostat systems. The key players in the market for aerostat systems are RT Aerostat Systems, Inc., RosAeroSystems International Ltd., TCOM LP, Israel Aerospace Industries., and Worldwide Aeros Corporation.Browse the full Aerostat Systems Market report at



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