North America Aerostat Systems Market is Expected to Reach $2,373.5 Million by 2019, at a CAGR of 11.5% From 2014 to 2019

FORT WORTH, Texas, May 7, 2015 /PRNewswire/ --

The North America aerostat systems market is estimated to grow to $2,373.5 million by 2019 at a CAGR of 11.5% during the forecast period of 2014 to 2019.

Browse through the TOC of North America Aerostat Systems Market for an analysis of industry trends and segments, with the help of various tables and figures.

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Low operational cost aerostat development with continuous technology up gradation leading to increasing demand for aerostat systems market. New product launches as well as partnerships and collaborations are the key strategies adopted by market players to ensure there is higher growth in the aerostat systems market. The demand for long surveillance range and high payload capacity is majorly driven by the trends in aerostat industry where aerostat operational cost has always influenced the industry. While the military application leads among the various applications, the commercial application is expected to grow at the highest CAGR during the forecast period.

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Aerostat systems market worldwide is driven by factors such as enhanced capability of unmanned systems for next generation aerostats, improvisation in operational cost, and need for efficient surveillance systems. Growth in this market will continue to depend largely on defense expenditure and commercial spending on advertisement, sporting events, mapping, and surveys. However, slow economic growth dampening the near term prospects, cut down in defense expenditure, and less payload capacity are the key restraints of the aerostat systems market.

The report comprehensively covers the North America aerostat systems market, which has been segmented on the basis of application, aerostat class, balloon type, and countries. Application segment is divided on the basis of aerostat usage such as military, homeland security, and commercial applications. The major aerostat class includes small, medium and large aerostat systems. The major countries covered in the report are the U.S. and Canada.

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