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North America Aerostat Systems Market Forecast 2017-2024

North America Aerostat Systems Market Forecast 2017-2024

  • April 2017
  • 65 pages
  • ID: 4825333
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
North America has the largest market share of the aerostat system market. Most of the market players are based in North America and there is awareness about advantages of using aerostat system solutions. US Department of Defense is the largest customer of aerostat systems and there is high demand from the US military and Department of Homeland Security.

The global aerostat system market is poised to grow in 2017-2024. Various reasons for the growth of the aerostat system market are increasing demand from military and homeland security sector, low operational cost, the versatility of application, high need for surveillance and reconnaissance and growing use in climatic research and communication.

Aerostat system is balloon-borne radar that is used for many purposes like surveillance, intelligence, and reconnaissance by the military, law enforcement agencies, and civil bodies. It includes unpowered balloons and powered airships that are tied to the ground station and provide information to the control staff. Use of aerostat for communication and surveillance decreases the fuel costs that are associated with drones and surveillance aircraft.

Aerostat systems have lesser mechanical parts than drones and other surveillance aircraft and hence need lesser periodic maintenance and an overall reduction in costs. It has faster operation readiness, as it needs comparatively less time for assembly and deployment. Aerostat systems have the capacity to carry several tons of payload hence it is possible to mount high performance surveillance and communication payloads on them to acquire accurate and real-time data. These aerostat systems have the capability to stay afloat for many weeks without any maintenance. This, in turn, ensures that there are lesser lapses in surveillance and communication coverage. They are becoming a popular surveillance tool in maritime applications as they can detect objects with high precision. Aerostat systems’ surveillance radar can be mounted at a height of 1,000-15,000 feet and this can be used to monitor object near the shore and remove possibilities of the collision.

Aerostat system market is segmented on the basis of payload, balloons, size, applications and geography. The aerostat system balloon can either be elliptical or spheroidal. On the basis of payload, they are classified into communication intelligence, thermal imaging camera, surveillance radar, electro-optics, electronic intelligence and internal navigation systems. Its applications are in home guard security, military, environmental research and commercial sectors.

Market Insights
Market drivers for aerostat system are increasing demand for environmental monitoring; growing defense industry, need for surveillance and reconnaissance, cost-effectiveness, high endurance and high-resolution image transmission capabilities.

On the basis of balloon type, currently, the elliptical balloon aerostat system has the higher market share. However, it is expected that in the forecast period, spheroidal balloon aerostat systems will have a bigger market share and report good growth. The reason for this is better aerodynamics exhibited by these aerostat systems.

On the basis of size, aerostat systems can be small, medium or large and it is expected that during 2017-2024, the medium size aerostat system will have the highest growth. Currently, it has the largest market share as well.
Depending on payload, the market is dominated by communication intelligence and it has a moderate market share. With the growth of communication technologies, the communication intelligence market for aerostat is expected to show maximum growth in the forecast period. There is a continuously increasing demand for the surveillance and communication from the surveillance sector.

Military applications dominate the aerostat market systems currently. There is an increased demand from the military sector for these as they are cost effective compared to alternatives such as airships. It is predicted that in the forecast period, there will be increasing demand from the environmental research and home guard security sectors. Dynamic weather conditions have also led to growing demand for weather monitoring. Environmental research is expected to be the fastest growing application segment during 2017-2024.

Factors that will restrain market growth are available alternatives like unmanned aerial vehicles and airships and rough weather challenges for operations that last a long time.

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