Increasing Number of Product launches Helped Accelerate the Growth of the Aerostat Systems Market in North America

North America is one of the dynamic markets for aerostat systems’ products and accounts for 35.1% of the global aerostat systems market. The market is also majorly dependent on defense spending in the region and new technology adaptation.

The U.S. holds the largest share of the North America aerostat systems market. This large share is attributed to various factors, such as large spending on defense and ISR (Intelligence, Surveillance and Reconnaissance) activities with low operational cost for the development of aerostat.

TCOM, L.P., based in the U.S., is the largest producer of aerostat systems. The company also holds the largest share in aerostat systems in North America. To sustain its leading position and ensure future growth, the company adopted several other strategies, such as expansion into global markets, strategic public relations, earning global recognition, and supporting new business growth in the aerostat systems.

In-depth profiling of the key players have been conducted in this market analysis, along with the recent developments (including business expansions, agreements, collaborations, and joint ventures) and strategies adopted by the players to sustain and strengthen their positions in the North America aerostat systems market.

The major companies in this market include TCOM, L.P. (U.S.), Lockheed Martin Corporation (U.S.), Raytheon (U.S.), Raven Industries, Inc. (U.S.), Aeroscraft Corporation (U.S.), and Near Space Systems, Inc. (U.S.) among others.

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Source: ASDReports - Market Research
Date: May 20, 2015