Aerostat Systems Market worth $10.95 Billion by 2021

1
The Global Aerostat Systems Market has been
estimated to be worth 5.42 Billion in 2016 and
is expected to be valued at 10.95 Billion by
2021, registering a CAGR of
during the period. This covers the of
the
15.10 forecast report forecast aerostat market
system
and
its dynamics over the
next five years, while also recognizing the
market gaps,
application evolving
technologies, recent developments in the market,
and high potential geographic regions and
countries. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id193315635 On the basis of product type,
the aerostat systems market has been segmented
into balloon, airships and hybrid. The segment
comprising airships is projected to be the
fast-growing segment in the aerostat systems
market, segmented based on product type,
registering a significant CAGR during the
forecast period of 2016 to 2021. Airships are
expected to use as a means of transportation to
deploy troops or cargo in areas, which have
inadequate infrastructure. On the basis of
propulsion system, the aerostat systems market
has been segmented into powered and unpowered
systems. The segment comprising powered aerostat
is projected to be the fastest-growing segment
in the aerostat systems market, by propulsion
systems, registering a significant CAGR during
the forecast period of 2016 to 2021. The demand
for unpowered aerostats, such as airships is
expected to increase owing to their versatility
and lesser fuel consumption. The market of
aerostat systems has been segmented based on the
class into compact- sized, mid-sized and
large-sized. The large-sized aerostats is
projected to be the fastest growing segment in
the aerostat systems market with the significant
CAGR during the forecast period of 2016-2021,
primarily driven by the increased need for
tethered aerostat systems, airships as well as
Helikites by the defense forces worldwide, and
is expected to bolster the demand for such
aerostat systems. The aerostat systems market is
dominated by North America, followed by Europe,
Asia-Pacific, and Rest of the World (RoW). The
Middle East region is expected to exhibit the
highest growth rate in the aerostat systems
market, during the forecast period from 2016 to
2021.
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Key Market Players The major players in this
market have been identified to be TCOM L.P
(U.S.), Lockheed Martin (U.S.), Augur
Rosaerosystems (Russia), RT LTA systems ltd
(Israel), Raytheon (U.S.), and Raven Industries
Inc. (U.S.).The report classifies the aerostat
systems equipment market based on product type,
class, propulsion system, and payload. Ask for
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