Global Aerostat System Market
Aerostat System Market Size And Forecast
According to Verified Market Research, the Global Aerostat System Market was valued at USD 6.87 Billion in 2018 and is projected to reach USD 20.86 Billion by 2026, growing at a CAGR of 14.9% from 2019 to 2026.
Global Aerostat System Market Outlook
The major factor responsible for driving the growth of the market is the capability of the aircraft to provide surveillance for a long duration. In addition, the increasing utilization of aerostat systems in the field of scientific research and gathering information is another factor for propelling the growth of the market. Moreover, owing to the technological superiority the high demand for the aerostat system is imposing a positive outlook on the market growth. However, the limitations regarding the payload and operational altitudes are expected to hamper the market growth.
Global Aerostat System Market Competitive Landscape
The Global Aerostat System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Raven Industries, TCOM L.P., Raytheon Company, Lockheed Martin Corporation, Augur Rosaerosystems, ILC Dover, Exelis, RT LTA Systems Ltd., Lindstrand Technologies, and Aeroscraft Corporation.
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