Transparency Market Research (TMR) has announced the release of a new market study on the global aerostat systems market. The report, titled “Aerostat Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, states that the global aerostat systems market, which had a valuation of US$3.60 bn in 2014 is expected to reach US$10.11 bn by 2022, displaying an impressive 13.8% CAGR from 2015 to 2022.The report presents an in-depth analysis of the global aerostat systems market complemented with market size and forecast values for the period from 2012 to 2022. Furthermore, the report provides detailed analysis of deployment of aerostat systems by countries across the globe to improve their intelligence, surveillance, and reconnaissance capabilities. The deployment of these systems is dependent on economical, technological, and environmental factors, which are discussed at length in this report.
Browse the full Aerostat Systems Market report at http://www.transparencymarketresearch.com/aerostat-systems-market.html
As per the report findings, in 2014, North America stood as the largest market for aerostat systems. Extensive deployment of these systems for military and homeland security is accounted as the major reason for growth of the aerostat systems market in this region. However, extensive penetration of aerostat systems in the region will be a reason for low demand for these systems in the coming years, adds TMR.According to the report, for security reasons, countries are looking upon uninterrupted intelligence, reconnaissance, and surveillance solutions. Aerostat systems are largely suitable for high- security needs, which is bolstering growth of the global aerostat systems market.
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The higher performance of aerostat systems over surveillance aircraft is also driving deployment of these systems. Aerostat systems are manufactured employing advanced technology, which is a reason for these systems to have longer life in comparison to drones and unmanned aircrafts used for surveillance. In addition, the operational time of unmanned aircrafts and drones is battery-dependent, which can cause frequent failures in operation due to maintenance and charging requirements of the battery. Thus, these devices are not reliable for persistent intelligence, reconnaissance, and surveillance needs.On the other hand, aerostat systems offer an operation time of several weeks without any failure during operation time. The high reliability of aerostat systems, combined with their long-lasting fuel tanks and lower need for maintenance, is the reason for aerostat surveillance systems to be preferred over other surveillance systems.
Other features of aerostat systems include advanced payload systems, accurate surveillance, communication links, and a lifetime of several thousand hours. For example, TCOM, L.P. has developed a 71M low-altitude surveillance system that offers a runtime of up to 1,000,000 hours. Thus, for these reasons, the deployment of aerostat systems will be on the rise in the years to come.Included in the report are profiles of major companies operating in the global aerostat systems market, namely Lockheed Martin Corporation, TCOM LP, RosAeroSystems International Ltd., Israel Aerospace Industries, RT Aerostat Systems Inc., Aerostat International Inc., ILC Dover LP, Linstrand Technologies Ltd., and Worldwide Aeros Corporation. The report outlines market strategies, recent developments, and annual turnover of each of the major companies in this market.
Browse the full Aerostat Systems Market Press Release report at http://www.transparencymarketresearch.com/pressrelease/aerostat-systems-market.htm
The global aerostat systems market is segmented into:
Aerostat Systems Market by Balloon Type
Aerostat Systems Market by Class
Aerostat Systems Market by Application
Aerostat Systems Market by Payload
Aerostat Navigation Systems
Aerostat Systems Market by Geography
Middle East and Africa (MEA)