The global aerostat systems market is anticipated to grow at a CAGR of 13.9% during the forecast period 2016-2023. The global aerostat systems market had generated the revenue of approx. $4.64 billion in 2016 and is anticipated to reach up to $11.54 billion by 2023. Aerostat market is expected to be driven by the following drivers:
- Increasing demands in sectors such as military and homeland security applications.
- Versatility of application
- Low operating cost
- Increasing surveillance demand
- Increasing use in communication and climate research
Aerostat systems market is driven by the ability of providing surveillance information. Other than surveillance, the growth of aerostat systems market is also driven by the military application for communication, reconnaissance, intelligence and border security etc. Even the low operating cost and innovative technology meeting the requirements of the safety concern of the national security authority are also some of the major factors driving the growth of the aerostat systems market and are expected to push the market globally during the forecast period. Aerostat systems are mainly used in defense in border security and monitoring purpose. Apart from this it is also used for disaster relief, construction equipment, logistic. These applications are driving good growth in the aerostat systems market.
Source: OBRC Analysis
The global aerostat systems market is segmented on the basis of size. Size is then further segmented into:
- Small
- Medium
- Large
On the basis of balloon, it is further segmented into:
- Spheroidal Balloon
- Ellipsoidal Balloon
On the basis of payload, it is further segmented into:
- Aerostat Electro-optics
- Communication intelligence
- Thermal Imaging Camera
- Electronic intelligence
- Surveillance intelligence
- Internal navigation system
On the basis of application, it is further segmented into:
- Application in military
- Application in home guard security
- Commercial Application
- Application in environmental research
The revenue for the above industrial application are specific to the aerostat systems market. However, the total revenue of these applications in general have been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up payload, balloon type & size segment. Geographically, the aerostat systems market is segmented into
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America is dominating aerostat systems market globally in terms of revenue due to high demand for aerostat systems in the U.S. Commercial penetration of aerostat systems is also very high in this region. Middle East is expected to be the emerging region with the highest growth rate in the aerostat systems market during 2016-2023 due to rising demand for the surveillance. Asia Pacific is expected to witness good growth due to increasing demand increasing investment in surveillance by defense.
The aerostat systems market is segmented into balloon type, class of aerostat, application and payload. The balloon type is sub segmented into spheroidal, and ellipsoidal. The class of aerostat segment is sub segmented into small-class (<20M), medium-class (21M to 50M), large-class (>50M). The application sub segmented into military, homeland security, commercial application and environment research. The payload segment is further divided into communication relays, electro-optics surveillance radar, navigation systems.
The major market players of the Aerostat systems market are:
- AEROSTAR INTERNATIONAL, INC.
- ILC DOVER LP
- ISRAEL AEROSPACE INDUSTRIES LTD.
- LINDSTRAND TECHNOLOGIES LTD
- LOCKHEAD MARTIN CORPORATION
- OTHERS
Detailed analysis of these companies provided in this report comprises overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. Example, in June 2016 the Israel Aerospace Industries (IAI) launched Novel Armored Vehicle Sensors or ELI-3312 sensor suite which works on electro-optical Hostile Fire Location (HFL) and radar sensors, at Eurosatory 2016. The system was planned for Remote Controlled Weapon Station (RCWS) with rapid target acquisition and situational awareness. The unique and advanced feature of RCWS sensors integrating with HFL and a Doppler radar, enables automatic detection of hostile fire from machine guns, rocket-propelled grenade launchers and light weapons, and allows rapid retaliation through precise counter fire. The lightweight and compact sensor suite leads to quick and simple integration to any type of and vehicle type.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as product launch on June 2016 by the Israel Aerospace Industries (IAI), launching Novel Armored Vehicle Sensors for rapid target acquisition and situational awareness.
- Provide in detail the different segments such as by size, balloon type, payload etc.
- Identify and understand the strength, opportunities, challenges and threats of the aerostat
- Provide revenues of major players of the market such as Aerostar International inc., ILC Dover LP, Israel Aerospace Industries ltd.
- Provide you the various regulatory policies which affect the Aerostat systems market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on Aerostat systems market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the Aerostat systems market such as rising surveillance demand, nation security concerns and so on. For each market segments covered in Aerostat systems market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the aerostat systems industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the Aerostat systems market.
- Increasing demand in military sector is enhancing the growth of global aerostat systems market.
- North America held the largest revenue share in 2016.
- Surveillance systems segment is the dominating market due to growing adoption of intelligent video surveillance systems
- Increasing government support
- Product launch is the key strategy adopted by the various market players of global Aerostat systems market.
