Nov 29, 2017   SOURCE: BusinessWire

Global Aerostat Systems Market - Market forecast and Analysis 2018-2023 - Research and Markets

The "Global Aerostat Systems Market - Market forecast and Analysis (2018-2023)" report has been added to Research and Markets' offering.

In 2016, the global aerostat systems market was valued at USD 550

Bravura Information Technology Systems has been awarded by the US Army contract, worth USD 305 million, to support the persistent surveillance systems-tethered aerostat program. An Israeli aerostat company, RT LTA Systems has established a new subsidiary under the name Aero-T, which will develop and manufacture a new range of aerostats called SkyGuard that would operate maintenance-free for at least seven days.

Drone Aviation has accomplished the integration of government-furnished ISR equipment supporting the simultaneous use of communications and optical payload packages, onto the Winch Aerostat Small Platform tactical aerostat, under the recent contract with the US Department of Defense. With proper development and funding, aerostats would replace UAVs and low-flying surveillance systems from the constant surveillance field, where operation costs and the focus of operation are major constraints.

Aerostats consume less fuel, are stationary, and can carry a large payload with minimum expenditure. Aerostats act as a deterrent to cross-border smugglers carrying illegal drugs by air. In a month, it has been noted that aerostat usage has saved about 500% in surveillance costs, compared to the expenditure incurred by using fixed wing aircraft.

The North America is expected to lead the market for aerostats, due to its acceptance and already prevalent usage in law enforcement. As Mexico shares a border with the United States, it is expected to tap into the aerostat demand market, which will accelerate the growth in law enforcement, border security, and surveillance of sensitive areas. Due to the threat of criminal activity and terrorist-instigated violence, Asia-Pacific, the Middle East & Africa are expected to witness an increase in the aerostat demand for border security and public area surveillance.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview And Trends

4. Market Dynamics

5. Global Aerostat Systems Market, Segmented By Type

6. Global Aerostat Systems Market, Segmented By Payloads

7. Global Aerostat Systems Market, Segmented By Application

8. Global Aerostat Systems Market, Segmented By Geography

9. Competitive Landscape

10. Key Vendor Analysis (Overview, Products & Services, And Strategies)

  • Lockheed Martin Corporation
  • Raytheon Company
  • Raven Inc.
  • Aeros Aerostat
  • Tcom L.P.
  • Israel Aerospace Industry
  • Allsopp Helikites Ltd.
  • Ilc Dover L.P.
  • Lindstrand Technologies Ltd
  • Aerostar International Inc
  • Rosaerosystems International Ltd.

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