Aerostat Systems Market 2018-2023 | Global Leading Players Overview - Aero Drum, AUGUR, Drone Aviation, ILC Dover, Lindstrand, Lockheed Martin, Raven and Raytheon

Aerostat Systems Market Research Report 2018 published By Market Research Future, provides information on Global Aerostat Systems Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product Type (Balloon, Airship, and Hybrid), by Class (Compact-Sized, Mid-Sized, and Large-Sized), by Payloads (EO/IS, CI, INS, Radar, and Thermal Imaging Camera), and by Region - Forecast to 2023.

The aerostat systems market is estimated to grow at a CAGR of over 13%, during the forecast period of 2017-2023.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1302

Aerostat Systems Market – Market Overview

An aerostat is a platform which utilizes lighter than air gases such as hydrogen, helium and hot air gases. These gases helps the aerostat to produce lift with the same overall as air. Aerostats include powered airships and unpowered balloons. These balloons are tethered to the ground. The components of aerostat include light weight skin which comprises of helium gas to provide payload, buoyancy and ground station. Aerostat are used for intelligence, surveillance and reconnaissance by military forces and also in civilian observation.

Aerostat has wide range of applications in the commercial and military forces. The operating cost associated with aerostat is low when compared with unmanned aerial systems which are expensive and have limited endurance. Aerostat requires less crew for its operation and also the maintenance is low because it has less mechanical parts. The versatility of applications provided by aerostat is producing the demand for persistent ISR and also for the homeland security which is driving the market.

The vendors are facing technical difficulties which are driving up the costs and also resulting in the delays in the schedule. Also, there are operational hazards associated with aerostats during the lightning and high wind speed. So, the operating the aerostat in those condition has become one of the major threat.

The demand for aerostat systems is continuously increasing due to its wide range of applications, cost effectiveness, low operational costs, easy to deploy and low personnel expertise. There is a strong demand from military and homeland security for surveillance, intelligence and reconnaissance, which has led new investments such as Lockheed Martin received a contract for Persistent Threat Detection aerostat systems from US Army worth USD 142 million. The main purpose of this investment is to detect the improvised explosive devices and the system can provide round the clock surveillance for long range areas.

Key Players:

The key players for this market are Aero Drum Ltd (U.K), AUGUR - RosAeroSystems (Russia), Drone Aviation (U.S.), ILC Dover (U.S.), Lindstrand Technologies Limited (U.S.), Lockheed Martin Corporation (U.S.), Raven Industries Inc. (U.S.), Raytheon Company (U.S.), RT LTA systems ltd (Israel), and TCOM L.P (U.S.).

Aerostat Systems Market – Competitive Analysis

The aerospace and defense industry value chain has evolved, moving from a traditional approach, where OEMs were involved in handling end-to-end manufacturing, to that of a design and systems integrator. The value chain consists of research and development (R&D), design, manufacturing, assembly, sales, and aftermarket services delivered to end customers.

With increasing aerospace activities, aerospace OEMs are moving from vertically integrated manufacturing to design and systems integration, and the industry structure has changed to a tier-based system of suppliers. Today, the majority of work is outsourced to partners with proven competencies across these areas. These partners invest in R&D activities and other processes together, sharing risks and revenues, which indicates that a larger share of manufacturing and assembly activities is available with Tier 2 and Tier 3 suppliers.

Industry/ Innovation/ Related News:

July 23, 2015: Reliance Unmanned Systems has signed a Memorandum of Understanding (MOU) with Augur Overseas Operation of Singapore to manufacture Aerostats and Airships in India.

June 1, 2015 — Raven Industries has been awarded a firm-fixed price (FFP) contract through the Naval Air Warfare Center Aircraft Division Lakehurst, N.J. for the procurement of Exportable Persistent Ground Surveillance Systems (EPGSS), spare equipment and technical support. The tethered aerostat contract was awarded for approximately $6 million and is expected to be delivered over the next 12 months.

June 2015: AUGUR-RosAeroSystems announces to build lighter-than-air military airships capable of carrying 200 personnel and travelling up to 105 mph without the need for a runaway

Aerostat Systems Market – Segments

For the convenience of the report and enhanced understanding; The Aerostat Systems Market is segmented in to 4 key dynamics

Segmentation by Type: Ballon, Airship, and Hybrid.
Segmentation by Class: Compact-Sized, Mid-Sized, Large-Sized.
Segmentation by Payloads: EO/IS, CI, INS, Radar, Thermal Imaging Camera.
Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin), Europe, APAC and Middle East & Africa.

Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1302

Regional Analysis:

The U.S., being the largest military spender across the world, is investing in aerostat systems for the purpose of surveillance and border security. Some of the investments, such as Drone Aviation, received an order to enhance the aerostat systems from a prime contractor of defense in the U.S. The main purpose is to enhance systems where new technologies, such as advanced optics, wireless electronics, infrared images, and communication package, are used. The U.S. Army will provide intelligence systems to Afghanistan, which will enable the soldiers to hear enemy radio communication and detect enemy's location.

The growth in Europe Middle East & Africa (EMEA) is majorly contributed by the Middle East due to increasing budgets and continuous need for the nation's safety. Gulf States, such as UAE and Kuwait, have invested in aerostat systems to monitor borders and airspace. In the year 2014, a total of 353 aerostats was sold and by 2018, it is further expected to deliver 962 aerostats that will contribute to the growth in the market.

TCOM and Bintang Kencana signed a MOU to supply aerostat system for the maritime security and safety for Malaysian citizens, which is likely to contribute to the growth of the market. Similarly, in 2011, it was reported that Augur-RosAero Systems had an agreement with China, to supply an aerostat system for the country, which is the third largest tethered aerostat.

Furthermore, the Pentagon has plans to deliver weapon systems to Iraq that will help them to prevent terrorist activities.

Israel aerospace industries were awarded a contract for providing communication intelligence systems, which would be installed in aerostats and ground vehicles. This configuration will help to monitor large areas and persistent surveillance, while minimizing the obstacles of the terrain. Moreover, the Defence Research and Development Organisation (DRDO), in India, has developed an aerostat, which is equipped with electro-optic and communication intelligence payload. This will help them to perform surveillance in Agra and interception of communication.

Intended Audience
• Distributor & Supplier companies
• End-Users
• Consultants and Investment Bankers
• Government as well as Independent Regulatory Authorities

Table Of Contents :

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

Ask for your specific company profile and country level customization on reports.

Get More Information on Aerostat Systems Market Research Report - Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/aerostat-systems-market-1302

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.