Aerostat Industry Projected to Surge in Coming Years


The global aerostat systems market is increasing exponentially every day, according to a report by Credence Research, Inc. The report, Aerostat Systems (Communication Systems, Surveillance Radar, Electro-optical/Infrared (EO/IR) Systems and Navigation Systems) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022, says the global aerostat market was valued US$ 3,758.9 million and is estimated to expand 12.9% from 2015 to 2022.

Market Insights:

  • UAS are equipped with different payloads that will be interchange according to the usage, such as surveillance radar, communications relay and navigation systems.

  • Surveillance radars are the largest segment in terms if revenue. Nevertheless, communications systems are estimated to register the highest growth in the coming years.

  • Based on all products and markets, the UAS market is segmented in small, medium and large class. Currently, the medium class is the largest of the market share globally. But, large class aerostat systems is projected to be the highest growth in the coming years. Also, this lass is expected to witness demand in the near future.

Key Trends:

  • Development of high performance fabrics for aerostats envelope.

  • Focus on acquiring international customers for aerostat systems.

  • Development of high performance aerostat systems suitable for operating in the high altitude category.

  • Aerostat systems for various other untapped applications such as time synchronization, satellite backup etc.

The complete report is available at http://www.credenceresearch.com/report/aerostat-systems-market

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