Analyzes The Market Based On A Number Of Different Criteria

According to a new market research report published by MarketsandMarkets, the Aerostat Systems Market is projected to rise from $3.93 Billion in 2014 to $9.96 Billion by 2020, at an estimated CAGR (Compound Annual Growth Rate) of 16.68%.

An aerostat is a platform that uses lighter than air gases such as helium, hydrogen, and hot air. These gases lift a tethered balloon with nearly the same overall density as air. The key structural components include a lightweight skin envelope that contains the gas to provide buoyancy, payload, and a ground control station. Depending on the application of the aerostat systems are the different payloads attached such as electro-optics, communication intelligence, thermal imaging camera, electronic intelligence, surveillance radar, and inertial navigation system.

The aerostat system market has been segmented on the basis of aerostat class, balloon type, payload, and region. The aerostat class segmentation includes small (~30 m), medium (32-36 m), and large (68-72 m) systems. The world's leading homeland security is expected to spend heavily on medium and large aerostat systems, which provide enhanced intelligence, surveillance and reconnaissance, communication, law enforcement, and border patrolling capabilities. The motivation for the drift to the aerostat systems includes low cost, long endurance, and high resolution image transmission capabilities.

(Image from file)

FMI: www.marketsandmarkets.com/Market-Reports/aerostat-systems-market-193315635.html