Aerostat Systems Market to Post 15.74% CAGR to 2026, Says Inkwood Research in Its New Report Available at MarketPublishers.com23 Jan 2018 • by Natalie Aster
LONDON – Through to 2026, the aerostat system market is anticipated to gain momentum at a 15.74% CAGR. The global market demand is fuelled primarily by the growing need for deducing precise geospatial information and the reduced operational and maintenance (O&M) costs. Meantime, payload restrictions, as well as limitations pertaining to operational altitude could hinder the sector’s growth. The key challenges to the market growth include the vulnerability to heavy weather, alongside the competition from related technologies like drones and UAVs.
The development of next-gen material and technologies, the use of aerostats in coordinating missile defense are some of the opportunities emerging in the market.
Geography-wise, North America is projected to be the largest market, fuelled primarily by the presence of top players in the region. The APAC market, led mainly by China and India, is also anticipated to show stable growth in the offing.
Airborne Industries, Raven Industries, Worldwide Aeros Corporation, International, ILC Dover, Israel Aerospace Industries, Lockheed Martin Corporation, Rosaerosystems, Tcom, Raytheon Company, Near Space Systems, Aeroscraft Corporation, and Harris Corporation, among others, are the most outstanding players in the market.
New research publication “GLOBAL AEROSTATS SYSTEMS MARKET FORECAST 2018-2026” drawn up by Inkwood Research provides a comprehensive, unbiased assessment and forecast of the market worldwide. It provides detailed market segmentation based on payload, propulsion system, balloon type, and application. A geographical market analysis can also be found in the report. The study pinpoints the factors propelling and limiting the market’s growth, examines major market challenges and opportunities. It presents an all-round PESTEL analysis, Porter’s five force analysis, takes a look at the opportunity matrix, etc. The report casts light on the competitive scene, provides granular profiles of the prominent market participants. The future growth trajectory of the market to 2026 is also thoroughly discussed in the study.
More new market research reports by Inkwood Research are available at its page.