Aerostat Systems Market Quadruples Massively By 2021

Pune, India, December, 2017/MRFR Press Release/- Market Research Future Published a Cooked Research “Global Aerostat Systems Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.    

The leading market players in the global Aerostat Systems market primarily include AUGUR-RosAeroSystems, Raven Industries Inc., Lockheed Martin, Raytheon, Exelis Inc., Allsopp Helikites Ltd., ILC Dover, L.P., Israel Aerospace Industries, Lindstrand Technologies Limited, and Drone Aviation.

Aerostat Systems Market – Market Overview

An aerostat is a platform which utilizes lighter than air gases such as hydrogen, helium and hot air gases. These gases helps the aerostat to produce lift with the same overall as air. Aerostats include powered airships and unpowered balloons. These balloons are tethered to the ground. The components of aerostat include light weight skin which comprises of helium gas to provide payload, buoyancy and ground station. Aerostat are used for intelligence, surveillance and reconnaissance by military forces and also in civilian observation.

Aerostat has wide range of applications in the commercial and military forces. The operating cost associated with aerostat is low when compared with unmanned aerial systems which are expensive and have limited endurance. Aerostat requires less crew for its operation and also the maintenance is low because it has less mechanical parts. The versatility of applications provided by aerostat is producing the demand for persistent ISR and also for the homeland security which is driving the market.

The vendors are facing technical difficulties which are driving up the costs and also resulting in the delays in the schedule. Also, there are operational hazards associated with aerostats during the lightning and high wind speed. So, the operating the aerostat in those condition has become one of the major threat.

The demand for aerostat systems is continuously increasing due to its wide range of applications, cost effectiveness, low operational costs, easy to deploy and low personnel expertise. There is a strong demand from military and homeland security for surveillance, intelligence and reconnaissance, which has led new investments such as Lockheed Martin received a contract for Persistent Threat Detection aerostat systems from US Army worth USD 142 million. The main purpose of this investment is to detect the improvised explosive devices and the system can provide round the clock surveillance for long range areas.

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Aerostat Systems Market – Competitive AnalysisThe aerospace and defense industry value chain has evolved, moving from a traditional approach, where OEMs were involved in handling end-to-end manufacturing, to that of a design and systems integrator. The value chain consists of research and development (R&D), design, manufacturing, assembly, sales, and aftermarket services delivered to end customers.With increasing aerospace activities, aerospace OEMs are moving from vertically integrated manufacturing to design and systems integration, and the industry structure has changed to a tier-based system of suppliers. Today, the majority of work is outsourced to partners with proven competencies across these areas. These partners invest in R&D activities and other processes together, sharing risks and revenues, which indicates that a larger share of manufacturing and assembly activities is available with Tier 2 and Tier 3 suppliers. 

Industry/ Innovation/ Related News:July 23, 2015: Reliance Unmanned Systems has signed a Memorandum of Understanding (MOU) with Augur Overseas Operation of Singapore to manufacture Aerostats and Airships in India.

June 1, 2015 — Raven Industries has been awarded a firm-fixed price (FFP) contract through the Naval Air Warfare Center Aircraft Division Lakehurst, N.J. for the procurement of Exportable Persistent Ground Surveillance Systems (EPGSS), spare equipment and technical support. The tethered aerostat contract was awarded for approximately $6 million and is expected to be delivered over the next 12 months.

June 2015: AUGUR-RosAeroSystems announces to build lighter-than-air military airships capable of carrying 200 personnel and travelling up to 105 mph without the need for a runaway

Aerostat Systems Market – SegmentsFor the convenience of the report and enhanced understanding; The Aerostat Systems Market is segmented in to 4 key dynamics

Segmentation by Type: Ballon, Airship, and Hybrid.

Segmentation by Class: Compact-Sized, Mid-Sized, Large-Sized.

Segmentation by Payloads: EO/IS, CI, INS, Radar, Thermal Imaging Camera.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin)

, Europe, APAC and Middle East & Africa.

Aerostat Systems Market –

Regional Analysis

The pentagon also has plans to deliver USD 1 billion weapon systems to Iraq that will help them to protect from terrorist. The systems include seven aerostats, 14 rapid aerostat initial deployment tower systems with an estimated cost of USD 90 million including the other equipment's and services which is likely to contribute for the growth of the market.About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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