Jul 25 2014
Research and Markets has announced the addition of the "Aerostat Systems Market by Aerostat Class, by Balloon Type, by Payload, by Geography - Market Forecast & Analysis to 2013 - 2020" report to their offering.
The aerostat systems market is estimated at $3.93 Billion in 2014 and is expected to register a CAGR of 11.92% to reach $7.72 Billion by 2020.
Aerostat is a lighter-than-air platform that consists of an aerodynamic balloon tethered to the ground cables. The cables act as a relay for data transmission between the aerostat and ground station. The aerostat systems are widely used for the intelligence, surveillance and reconnaissance, communication, law enforcement, border patrolling, weather forecasting, and coast guarding. The major drivers for the market of these systems include cost effectiveness, long endurance, and high resolution image transmission capabilities.
This report describes the analysis and forecast of the rising aerostat systems market. The market has been segmented on the basis of aerostat class, balloon type, payload, and region. The report highlights the aspects that will drive and restrain the market. It also provides a brief overview of the various systems that combine to form an operable aerostat. Further, the report discusses the major industry and technology trends in the market.
The aerostat systems analysis also provides a detailed illustration of the ground control station that is a major component for the aerostat. Adjacent to this, the geographical analysis embodies the aerostat systems market forecast of major regions which are North America, Europe, APAC, the Middle East, and Latin America. Amongst which North America and Europe are currently dominating the market; but the markets for regions of APAC and the Middle East are expected to show increase by 2020.
Source: http://www.researchandmarkets.com