Tactical Aerostat Systems Market Growth, Trends, Covid-19 impact, and Forecasts (2021 - 2027)

Latest released, the research study on Global Tactical Aerostat Systems Market Research Report 2021, report comprises growth rate, size, analysis by type, market segment by Application, market competition by manufacturers, share by region, manufacturing cost analysis, Also, the Tactical Aerostat Systems Market offers market breakdown, competitive situation and trends, key raw materials analysis, dynamics, forecast by type, by application and revenue estimates with covid-19 impact till 2027.

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The Tactical Aerostat Systems Market is expected to register a CAGR of 7.8% over the forecast period 2021 – 2027.

The study covers competitive landscape of top manufacturers are: Lockheed Martin, General Dynamics, Northrop Grumman, Raven Aerostar, TCOM, Vigilance, Peraton, Aeroscraft Corporation, NADATS, ELTA Systems, Drone Aviation Holding, Aeronautics Ltd.

Recent Developments:

Northrop Grumman has acquired 20 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 14 assets.

Northrop Grumman’s largest acquisition to date was in 2017, when it acquired Orbital ATK for $9.2B. It’s largest disclosed sale occurred in 2020, when it sold Northrop Grumman - Federal IT & Mission Support Services Business to Peraton for $3.4B. Northrop Grumman has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include aerospace (35%) and information technology (20%).

Global Tactical Aerostat Systems Market Segmentation:

Segmentation By Type:

Military Monitoring

Wildlife Monitoring

Geospatial Imaging

Oil and Gas Monitoring

Wildfire Management

Other

Segmentation By Application:

Payload < 50Kg

Payload ? 50Kg

Market Overview:

Factors like growing terrorism, increasing territorial tensions, and border infiltrations around the world are propelling the militaries to enhance their battlefield data-sharing capabilities. Though UAVs are becoming popular for ISR missions, UAVs cannot offer continuous wide-area surveillance for several days continuously. This has resulted in several countries adopting aerostats as an alternative. Aerostat systems can operate 24/7 for weeks or even months at a time, offering persistent surveillance.

Other than military applications, aerostats are becoming popular for environmental research and commercial applications, like internet connectivity. Aerostats are now being used to expand LTE networks and 5G technology in remote areas at a significantly low cost and energy.

Regional Analysis:

North America is Expected to Dominate the Market During the Forecast Period

North America held the largest market share in 2020, and the region is also expected to exhibit the highest growth rate during the forecast period. The United States is the largest market for aerostat systems in the world and is also investing heavily in aerostat systems for communication and surveillance purpose. In February 2020, Peraton received a USD 277.5 million contract for Tethered Aerostat Radar Systems (TARS) from the US Department of Homeland Security for low-range border and maritime surveillance operations. Likewise, Raven Industries also received a USD 10.4 million contract in 2019 for its TIF-25K aerostat systems to be deployed in Afghanistan. 

The Tactical Aerostat Systems Market research offers an in-depth analysis of market growth and other factors in key nations (regions), including:

-              North America (United States, Canada and Mexico)

-              Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

-              Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

-              South America (Brazil, Argentina, Colombia, and Rest of South America)

-              Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Report Link:

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Highlights of Tactical Aerostat Systems Market report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market

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Table of Contents:

Global Tactical Aerostat Systems Market Research Report 2021

Chapter 1 - Market Overview

Chapter 2 - Industry's Global Economic Impact

Chapter 3 - Manufacturers' Global Market Competition

Chapter 4 - Revenue (Value) by Region for Global Productions

Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import

Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type

Chapter 7- Global Market Analysis by Application

Chapter 8 - Manufacturing Cost Analysis

Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers

Chapter 10 - Marketing Strategy Analysis, Distributors/Traders

Chapter 11- Market Effect Factors Analysis

Chapter 12- Global Tactical Aerostat Systems Market Forecast

Customization:

The Global Tactical Aerostat Systems Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.

Impact of Covid-19:

The influence of COVID-19 on market growth is considered in the research. The effect of the COVID-19 epidemic on the Tactical Aerostat Systems Market and its major segments is enclosed in depth in this report. It also addresses the pandemic's present and future consequences, as well as a post-COVID-19 scenario to provide for a more in-depth knowledge of dynamic changes in the market.

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