openPR Logo
Press release

Aerostat Systems Market to Reach US$ 9.86 Bn by 2022

04-27-2016 11:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Credence Research Inc

Aerostat Systems Market to Reach US$ 9.86 Bn by 2022

According to a new market research report published by Credence Research, Inc. “Aerostat Systems (Communication Systems, Surveillance Radar, Electro-optical/Infrared (EO/IR) Systems and Navigation Systems) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the global aerostat systems market was valued at US$ 3,758.9 Mn in 2014 and is estimated to expand with a CAGR of 12.9% from 2015 to 2022.

The complete report is available at http://www.credenceresearch.com/report/aerostat-systems-market

Market Insights

Aerostat systems are airborne platforms that are designed to stay aloft for several days using a tethering cable. These systems gain the lift using various lighter-than-air (LTA) gases such as hydrogen, helium and hot air. Aerostat systems are equipped with different payloads, depending upon the application, such as surveillance radar, EO/IR imaging systems, communication relays and navigation systems. As of 2014, surveillance radar segment accounts for the largest share, in terms of revenue, of more than 40% of the global market. Nevertheless, with increasing adoption of aerostat systems in the wireless communication sector, the communication systems segment is estimated to register the highest growth in the coming years.

Based upon the product class of aerostats, the market is segmented into small class, medium class and large class aerostat systems. Currently, the medium class aerostat systems segment accounts for the largest market share, in terms of revenue, globally. These aerostat systems are fairly large and cheap and hence are suited for most of the low-medium altitude applications. Hence, the segment is expected to retain its dominant position in the market throughout the forecast period. Nevertheless, large class aerostat systems segment is projected to witness the highest growth in the coming years, globally. These class of aerostat systems are capable of carrying large payloads and can be operated at altitudes ranging up to 65,000 feet from the Earth’s surface. Further, with emergence of projects such as the Project Loon and Internet.org which intend to deliver wireless communication using high altitude aerostats, the large aerostats segment is expected to witness high demand in the near future.

For More Reports To similar category @ http://www.credenceresearch.com/industry/aerospace-and-defense-market

Competitive Insights:

The global aerostat systems market is consolidated in nature with few major companies dominating the global market. Major players in the market include TCOM L.P., Lockheed Martin Corporation, Raytheon Company, Raven Industries, Inc. and others. Most of these companies focus on acquiring government contracts for deployment of aerostat systems. Apart from this, these companies also focus on development of advanced fabric materials for better sustaining of aerostats in adverse weather conditions.

Key Trends:

Development of high performance fabrics for aerostats envelope
Focus on acquiring international customers for aerostat systems
Development of high performance aerostat systems suitable for operating in the high altitude category
Aerostat systems for various other untapped applications such as time synchronization, satellite backup etc.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 to Reach US$ 9.86 Bn by 2022 here

News-ID: 336167 • Views:

More Releases from Credence Research Inc

Digital Printing Packaging Market Projected to Hit USD 61159.2 Million by 2032, Expanding at 9.6 % CAGR: Credence Research
Digital Printing Packaging Market Projected to Hit USD 61159.2 Million by 2032, …
Market Outlook The Digital Printing Packaging Market is set for strong growth as brands move toward fast, flexible, and high-impact packaging formats. The market reached USD 29,375 million in 2024 and is projected to hit USD 61,159.2 million by 2032 at a CAGR of 9.6%. Demand increases as food, beverage, cosmetics, and pharmaceutical brands adopt short-run printing, rapid customization, and variable data printing to improve shelf appeal and customer engagement. Companies
Robotics Kinematics & Control ASIC Market Projected to Hit USD 55,878.90 Million by 2032, Expanding at 14.90% CAGR: Credence Research
Robotics Kinematics & Control ASIC Market Projected to Hit USD 55,878.90 Million …
Market Outlook The Robotics Kinematics & Control ASIC Market is poised for significant growth, with a market size valued at USD 17,069.05 million in 2024. This growth trajectory is fueled by the increasing demand for advanced robotics solutions across various industries, including manufacturing, healthcare, automotive, and logistics. Robotics kinematics and control ASICs (Application-Specific Integrated Circuits) are essential for improving the efficiency, precision, and speed of robotic systems, driving their widespread adoption.
Global Tire Air Gauge Market to Reach USD 1,837.5 million by 2032 at 3.59% CAGR - Credence Research
Global Tire Air Gauge Market to Reach USD 1,837.5 million by 2032 at 3.59% CAGR …
Market Overview The Global Tire Air Gauge Market size was valued at USD W million in 2018, USD 1,388.4 million in 2024, and is anticipated to reach USD 1,837.5 million by 2032, at a CAGR of 3.59% during the forecast period. This steady growth reflects rising attention to vehicle safety, better tire-pressure monitoring practices, and expanding automotive maintenance demand across consumer and commercial segments. Growing focus on safer driving, improved fuel efficiency,
Automated E Commerce Packaging Market Projected to Hit USD 1671.2 Million by 2032, Expanding at 13.9 % CAGR: Credence Research
Automated E Commerce Packaging Market Projected to Hit USD 1671.2 Million by 203 …
Market Outlook The Automated E-Commerce Packaging Market is set for steady expansion as online retail activity grows and brands seek faster fulfillment. The market reached USD 590 million in 2024 and is expected to reach USD 1,671.2 million by 2032, posting a 13.9% CAGR. Growth accelerates as retailers automate packing lines to reduce labor strain, limit material waste, and manage seasonal order peaks. Demand strengthens in apparel, electronics, and fast-moving consumer

All 5 Releases


More Releases for Aerostat

Aerostat Systems Market Soars With The Surge In Persistent ISR Demand: A Key Fac …
How Are the key drivers contributing to the expansion of the aerostat system market? The aerostat systems market's expansion is being propelled forward by the increasing utilization of persistent intelligence, surveillance, and reconnaissance. This integrated intelligence and operations feature, which gathers and scrutinizes information to supplement decision-making processes and fortify national security, is commonly referred to as persistent intelligence, surveillance, and reconnaissance (ISR). Aerostat systems contribute to real-time border security by
Aerostat System Market 2023 Driving Factors Forecast Research 2029
Aerostat system market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). A significant factor propelling the Aerostat System Market is the implementation of innovative search and rescue technology into the SkyStar 140 aerostat system that renders it easier to rapidly locate individuals that are missing or trapped in the ravages of terrorist acts or natural disasters. This innovative system, with its low-SWaP passive sensors,
2021 Aerostat Systems Industry Global Analysis Report
Stratistics MRC 2021 Aerostat Systems Market report is aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. An aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. It offers many advantages like consuming less fuel, being stationary, and carrying a large payload with minimum expenditure. The designing and the manufacturing of
Aerostat Systems Industry Report Analysis By opportunities
Stratistics MRC's Aerostat Systems Market report provides readers with an understanding of market details, overview, drivers and segmentation with types. An aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. It offers many advantages like consuming less fuel, being stationary, and carrying a large payload with minimum expenditure. The designing and the manufacturing of the aerostat systems depend upon parameters such
2021 Aerostat Systems Industry Global Analysis Report
Stratistics MRC 2021 Aerostat Systems Market report is aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. An aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. It offers many advantages like consuming less fuel, being stationary, and carrying a large payload with minimum expenditure. The designing and the manufacturing of
2021 Aerostat Systems Industry Global Analysis Report
Stratistics MRC 2021 Aerostat Systems Market report is aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. An aerostat is a lighter than an air aircraft that gains its lift through the use of a buoyant gas. It offers many advantages like consuming less fuel, being stationary, and carrying a large payload with minimum expenditure. The designing and the manufacturing of