Press release
Global Aerostat Market, Dominates the Demand for Accurate Geospatial Information, Set To Grow To $16.8 Billion By 2024
A new market forecast report published by Inkwood Research has projected that the global aerostat market will grow from $5317 million in 2016 to $16853 million by 2024, at a CAGR of 15.66% between 2017 and 2024.The greatest push for the consolidation and development of this industry comes from the military, which is predictably its single largest market. Demand for cost-friendly but longer route surveillance, as well as more accurate geospatial information to target ammunition better, have resulted in the growth of the aerostat market to hitherto unseen horizons.
Military by far the largest user, ellipsoidal balloons lead the market
As mentioned before, aerostats find their largest applicability in the military divisions where they are used for surveillance as well as warfare against submarines in particular. Their primary advantage against other surveillance techniques is that they continue to remain operational even during bad weather, which is not true for aircraft or UAVs.
Download Free Sample Report with ToC https://www.inkwoodresearch.com/reports/global-aerostat-system-market-forecast-2017-2024
Within this market, ellipsoidal balloons hold the major market share as they are designed to be more agile, as well as versatile as compared to their aircraft counterparts. They are generally employed as unmanned vehicles for situational awareness.
Another balloon, called the spheroidal balloon, which is the market challenger, in this case, owing to its high-pressure sensitivity is most suited for perimeter security and surveillance.
North America largest market at 40%, backed by high defense expenditure
North America geographically dominates the global aerostat market, owing to its high defense spending in this direction, especially towards gathering intelligence and awareness. After USA and Canada, China and Japan are also in throes of developing hi-tech mechanisms and are thus emerging as challengers to the North American Market.
Major players in the Global Aerostat Market include Rafael Advanced Defense Systems, Lockheed Martin Corporation, ILC Dover LP, Raven Industries Inc., Lindstrand Technologies Ltd., Rosaerosystems, International Ltd, , Tcom L.P, Worldwide Aeros Corporation, Raytheon Company Ltd., , Israel Aerospace Industries Ltd, Augur Rosaerosystems, Near Space Systems Inc, Aeroscraft Corporation, World Surveillance Group, Inc, Harris Corporation, RT Aerostat Systems Inc. , Skyship Services, Inc, Airborne Industries Limited, Aerostar International Inc. and Hybrid Air Vehicles.
The Global Aerostat Market Forecast Report forecasts potential growth for the market and discusses the challenges and revenue drivers that the firms playing in this market face in order to stay ahead of each other in this immensely competitive landscape.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services.
Market intelligence studies with relevant fact-based research are customized across industry verticals including technology, automotive, chemicals, materials, healthcare, and energy with objective comprehension acknowledging the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.
323 West Tamar Road
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 Global Aerostat Market, Dominates the Demand for Accurate Geospatial Information, Set To Grow To $16.8 Billion By 2024 here
News-ID: 521762 • Views: …
More Releases from Inkwood Research
United States Wood Coatings Market Analysis 2024-2032
Inkwood Research states that the United States Wood Coatings Market is expected to achieve a compound annual growth rate (CAGR) of 5.02% during the forecast period of 2024-2032, with projected revenues reaching $xx million by 2032.
This growth is driven by a combination of factors, including increasing construction activities, rising consumer preference for aesthetically appealing wood products, and advancements in coating technologies.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/united-states-wood-coatings-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
Prominent companies in the…
Rising Uptake of Industry 4.0 to Amp Motion Control Market Growth
As per a new market research report launched by Inkwood Research, the Global Motion Control Market is predicted to reach $26041.29 million by 2032, growing at a CAGR of 5.13% during the forecasting period, 2024-2032.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/global-motion-control-market-forecast-2024-2032/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects…
Rise in Golf Tourism to Elevate Golf Cart Market Growth
As per a new market research report launched by Inkwood Research, the Global Golf Cart Market is expected to grow at a CAGR of 5.68% during the forecasting period, 2024-2032.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/golf-cart-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by…
Government Rules to Promote the Growth of the Electric Vehicle Power Inverter Ma …
As per a new market research report launched by Inkwood Research, the Global Electric Vehicle Power Inverter Market is expected to reach $34868.78 million by 2032, growing with a CAGR of 14.36% during the forecasting period, 2024-2032.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/electric-vehicle-power-inverter-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all…
More Releases for Aeros
Aeros Completes Construction of eVBA Cargo Bay Iron Bird
Building the Next Generation of High-Margin Air Logistics
May 22, 2025 - LOS ANGELES - Aeros [https://aeroscraft.com/], a pioneer in airship innovation, has successfully completed the construction of its eVBA Cargo Bay Iron Bird, marking a major milestone toward the commercial launch of its electric Variable Buoyancy Airships (eVBA). This newly completed testing platform is designed to validate the airship's cargo handling systems and demonstrates the platform's capacity to meet diverse…
Hybrid Aircraft Market Worth Observing Growth | Aeros Corp, Airbus SE, Solar Shi …
Advance Market Analytics published a new research publication on "Hybrid Aircraft Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hybrid Aircraft market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, request…
Aeros Identifies California And Nevada As Final Contenders For New Manufacturing …
Image: https://www.getnews.info/uploads/63a7fc7356ca6ed130cde256ea12e34a.png
Aeros, a leading innovator in airship technology, is excited to announce that California and Nevada have been selected as the final contenders in its ongoing site selection process for a new manufacturing facility. This facility is poised to create thousands of well-paying jobs and stimulate significant economic growth in the chosen state.
The new manufacturing facility will not only meet the surging demand for Aeros' groundbreaking zero-emission cargo airship but…
Aerostat Systems Market is Booming Worldwide | Lockheed Martin, Raytheon, Aeros
The Latest research study released by HTF MI "Aerostat Systems Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are…
Sailplanes Market 2019 | Global Industry Overview 2025 | Top Companies – Aeros …
As per the latest research study published by Up Market Research, “Global Sailplanes Market” is estimated to grow at a healthy CAGR % in the coming years. The research report showcases qualitative and quantitative estimations by the industry analysts. The report documents first-hand data, post verification from the industry experts along with each industry manufacturers by the market valuation.
Request Free Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/67564
Sailplanes Market report also…
Global Motor Gliders Market Forecast 2018-2025 Aeros, Europa Aircraft, Sonex Air …
Recently added detailed market study "Global Motor Gliders Market" examines the performance of the Motor Gliders market 2018. It encloses an in-depth Research of the Motor Gliders market state and the competitive landscape globally. This report analyzes the potential of Motor Gliders market in the present and the future prospects from various angles in detail.
The Global Motor Gliders Market 2018 report includes Motor Gliders market Revenue, market Share, Motor Gliders…
