Potential Security Contracts Are 'Enormous', Analyst Says

The market for global military aerostat aircraft will climb to more than $4 billion this year, according to a new report from ASDReports, which indicates that the potential security contracts at stake are enormous and offer great opportunities for companies active in this field.

The new market forecast report "Military Aerostats Market Report 2016-2026" states that due to unstable defense budgets and rising security threats nations look for more effective intelligence gathering options. Military aerostats have a long and storied past, however, they present a thoroughly modern option for governments wanting to secure a low-cost, high-tech option for intelligence gathering.  Additionally, renewed interest in the potential of airships will see governments investing heavily in the possibility of near space and cargo carrying designs.

Due to a myriad of real and perceived threats, never before have governments been so concerned with protecting their assets and infrastructure from accidental and increasingly deliberate attack. The potential security contracts at stake are enormous and offers great opportunities for companies active in this field.

This new market forecast assesses that the Military Aerostat market will reach $4.175 billion in 2016. The performance of the industry is forecast to grow steadily, with an anticipated Compound Annual Growth Rate (CAGR) of 4.8% for the five-year period 2016-2021, which is expected to drive the industry to a value of more than $5.2 billion by the end of 2021.

The 165 page report contains 169 tables, charts and graphs that utilize visual representation in order to clarify trends and market projections within the military aerostat market. The key player provides a range of forecasts for the period 2016-2026, as well as for two submarket sectors: Tethered and Airships.  The two submarket forecasts are revealed at the global level and for 10 other leading national markets, including the ‘Rest of the World’ market over the period 2016-2026.  The report also profiles 11 of the leading companies within the military aerostat market.

(Image provided with ASDReports news release)

FMI: Full Report www.asdreports.com/ASDR-287463