Aerostat Systems Market 2019-2023 | Global Industry to Grow at CAGR of 13% With Leading Players- Aero Drum, AUGUR, Drone Aviation, ILC Dover, Lindstrand Technologies, Lockheed Martin, Raven Industries and Raytheon
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.).
An aerostat is a system that uses lighter than air gases, such as helium, hydrogen, and hot air gases, to provide a lift to the aerostat from the ground surface. They are used for intelligence, surveillance, and reconnaissance by military forces and also in civilian observation. The operating cost associated with aerostat is low when compared to 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 wide range of applications provided by aerostat systems generates a large demand for persistent ISR solutions, which drives the market. The latest trend in the industry is the HD thermal imaging, a new feature of the aerostat systems, which provides images, during day and night, by eliminating the obstacles of terrains. Moreover, the joint developments of companies have led to the enhancement of aerostat systems.
Get a FREE Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1302
• Distributor & Supplier companies
• Consultants and Investment Bankers
• Government as well as Independent Regulatory Authorities
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 to new investments. For example, Lockheed Martin received a contract for Persistent Threat Detection aerostat systems from the U.S. Army. The main purpose of this investment is to detect improvised explosive devices and the system can provide round-the-clock surveillance for long-range distances. Moreover, Lockheed Martin has delivered 8,000 aerostats for commercial and military use and had contracts to supply aerostat surveillance systems to deploy in Iraq. In Addition, the RAID program by the U.S., which utilizes surveillance equipment, has led the U.S. army to monitor important locations. The aerostats used in the U.S. Army program, named persistent ground surveillance system, has low operating cost when compared to using UAV, which likely contributes to the growth of the market. In recent years, vendors are facing high acquisition risk due to significant technical challenges, such as difficulties in software development and overweight components, which has driven up the costs and delays in schedule. For example, the Pentagon is facing difficulties in developing aerostats for gathering intelligence and reconnaissance, due to technical and design problems, which has resulted in delays in schedule and making the aerostat more expensive.
As aerostats are lighter than air vehicles, they are facing significant operational hazards. Wind speed, lightning, and visibility are the major limiting factors for aerostat capabilities, which pose threats to the operations of aerostats. Its operations must be ceased before the arrival of hazardous weather conditions and the platform used must be lowered to prevent damage to payload or platform. Moreover, high winds can make the aerostat difficult to control, reduce on-station endurance, and increase fuel consumption.
Aerostat systems with long endurance have faced problems due to the shortage of helium gas for refill. In Afghanistan, one of the airships ran into a problem as it needed helium gas, but DLA Energy (the supplier of helium) was unable to provide helium on time due to shortage. Manufacturing helium in bulk is a very lengthy process and hence, it has become one of the major challenges.
The aerostat systems market is estimated to grow at a CAGR of over 13%, during the forecast period of 2017-2023.
GLOBAL AEROSTAT SYSTEMS MARKET
BY PRODUCT TYPE
• North America
• Asia Pacific
• Middle East & Africa
• South America
• Thermal Imaging Camera
Send an Enquiry For More Information @ https://www.marketresearchfuture.com/enquiry/1302
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.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
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
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Ask for your specific company profile and country level customization on reports.
Get More Information on Report @ https://www.marketresearchfuture.com/press-release/aerostat-systems-market
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
Office No. 524/528
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aerostat Systems Market 2019-2023 | Global Industry to Grow at CAGR of 13% With Leading Players- Aero Drum, AUGUR, Drone Aviation, ILC Dover, Lindstrand Technologies, Lockheed Martin, Raven Industries and Raytheon here
News-ID: 1671762 • Views: 232
More Releases from Market Research Future
Medical Aesthetics Industry Size, Market Growth, Key Company Profile, Comprehens …
The “Global Medical Aesthetics Market Is Showing High Probabilities Of Achieving A CAGR Of 11% Between 2018 And 2023”. Medical aesthetics Industry covers the aesthetical aspect of the healthcare sector and includes well-being, noticeable skin changes, peripheral appearance, and image of the patient. Medical aesthetics include fuses beauty and healthcare services and are getting substantial traction not just from demand for upliftment of the looks but anti-aging as well. There are several
Clinical Trial Management System Market Demand, Industry Share, Size, Applicatio …
Clinical Trial Management System Market Analysis by Type (Enterprise Clinical Trial Management System), Delivery Model (Licensed Enterprise), Component (Service) and End-User (Medical Device Manufacturers), and Regional Competitive Share, Size and Trends, 2018-2023 Market Overview Clinical Trial Management System Market is mostly a software system which helps to plan, prepare, and manage a large amount of clinical trials data that is produced by biotechnological and pharmaceutical companies. Drug research has gained momentum in
Reusable Satellite Launch Vehicle (RSLV) Market 2019-2023 | Report Information b …
Global Reusable Satellite Launch Vehicle Market Report Information by Configuration (Single Stage, Multiple Stage), by Type (Partially Reusable, Fully Reusable), Vehicle Weight (Up to 4,000lbs, 4000-9000lbs, Over 9000lbs), & by Region - Forecast Till 2023 The Reusable satellite launch vehicle market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023. The key players in the reusable satellite launch vehicle market are Airbus S.A.S
Bakery Enzymes Market Global Research Report and Top Key Players: AB Enzymes Gmb …
Market Overview The increasing demand for bakery products in the food and beverage industry including, bread, cookies, and pastries are raising the demand for bakery enzymes at a global level. Enzymes are an important ingredient used in most bakery products. There are two scenarios regarding the use of enzymes, either the enzymes are used to convert the raw material into the main product, or the enzymes are used as additives to
More Releases for Aero
AERO STRUCTURE EQUIPMENT GLOBAL MARKET 2017-2021
Press Release - 18 June 2018 Research and Development News -- . . Latest Update "Global aero structure equipment market 2017-2021" with Industries Survey | Global Current Growth and Future. ' ' - About Aero Structure Equipment An aero structure is a component of an aircraft's airframe. This may include all or part of the fuselage, wings, or flight control surfaces. Companies that specialize in constructing these components are referred to as "aero structures manufacturers,"
Aero Engineering Service 2017 Global Market Key Players – Aero Engineering & M …
Efficiency of Aero engine Aero engines work on the whole different in criteria and aspects to those in other auto industry. As one cannot able to repair or rectify breakdown while in the sky, unwavering quality has been the matter of first vital need. These outlines have been used for a considerable length of time, and pretty much every conceivable bug has been planned out. They are additionally intended to give
Aero-domains for aviation professionals
A professional online presence is essential for aviation professionals, since the first contact with a potential customer or other professionals is often by email or through a website. The aero-domain not only immediately communicates the area of expertise / profession, but will help convey a professional image. Registration in .aero is not available to everyone. Unlike generic TLDs, the aero-domain applies a process which ensures that each registrant
The future of aero-domains
Ever since the .aero domain was opened for business in March 2002, only members of the aviation community – including airlines, airports, aerospace companies, organizations, associations, government agencies and qualified individuals – have been able to register a .aero name. Those registering for the first time must still obtain a .aero ID before signing up with a registrar currently offering the service. The first of these, and still one of the
Aero-Domains for Pilots and Private Pilots
SITA has changed recently the .aero policy: The group \"pilot\" consists now of commercial and private pilots. By this change it is easier for private pilots to get recognized and to register an aero-domain. Pilots and Private Pilots can use the pilot\'s licence, private pilots can use the membership card of the aviation club and both can use the address of their domain or URL with aviation content, in
Aero-domains for aviation sports
There are already many aero-domains registered within the recreational aviation registrant groups comprising air sports clubs and their members, federations, national associations, organizers of competitions linked to air sports, and suppliers of air sports equipment. \"We hope that the new policy introduced for this group, as well as the new simplified process of registration, will attract and encourage more users of this group. The aero-domain has already attracted a number