LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global aerostat systems market since 2015 and the market is poised to grow by USD 7.58 billion during 2019-2023 at a CAGR of close to 18% during the forecast period. Request Free Sample Pages
Read the 133-page research report with TOC on "Aerostat Systems Market Analysis Report by type (balloons, airships, and hybrid airships), by geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the wide scope of aerostat application. In addition, the rapid adoption of sensor fusion technology is anticipated to further boost the growth of the aerostat systems market.
Aerostat finds its application for various purposes. It is deployed for ISR operations and public services. It is also used for survey and documentation of wildlife, aerial photography and video recording, and internet provision in remote places. Vendors are hence, increasingly offering drones for numerous commercial applications. These devices can also be equipped with several advanced imagery payloads. Thus, the wide scope of aerostat application is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Aerostat Systems Market Companies:
Alphabet Inc. is headquartered in the US and operates the business under various segments such as Google and Other Bets. The company offers Loon, which is an envisioned network of high-altitude balloons.
DRONE Aviation Holding Corp.
DRONE Aviation Holding Corp. is headquartered in the US and operates under one business segment. The company offers WASP, which is a mobile, tactical-sized aerostat.
Lockheed Martin Corporation
Lockheed Martin Corporation is headquartered in the US and has business operations under various business segments, namely Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The company offers 74K Aerostat, which is a large helium-filled lighter-than-air system.
Raytheon Company is headquartered in the US and offers products through the following business segments: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, Space and Airborne Systems, and Forcepoint. The company offers JLENS aerostat system.
RT LTA Systems Ltd.
RT LTA Systems Ltd. is headquartered in Israel and offers products through the following business segments: SkyStar 100, SkyStar 180, SkyStar 220, SkyStar 250, and SkyStar 330. The company caters to its end-users including the French government and the US Army and Canadian Army.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Aerostat Systems Type Outlook (Revenue, USD Million, 2019 - 2023)
- Hybrid airships
Aerostat Systems Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.