Coal Bed Methane Market: Global Market Size, Industry Share
According to a new market research report published by Credence Research “Coal Bed Methane (Communication Systems, Surveillance Systems and Navigation Systems) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global Coal Bed Methane market was valued at US$ 2,508.6 Mn in 2014 and is estimated to expand with a CAGR of 9.5% from 2015 to 2022.
Browse the full report (Coal Bed Methane Market - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022) at https://www.credenceresearch.com/sample-request/58149
Market Insights
Coal Bed Methane are airborne stations that are placed at an altitude ranging more than 50,000 feet from the Earth’s surface. These platforms typically operate in stratosphere which is way higher than the altitudes at which commercial aircrafts fly. Prime purpose behind placing these platforms in high altitude category is availability of larger coverage areas coupled with suitable wind speeds available at this altitude. The platforms are equipped with different payloads depending upon the desired application. These systems are also referred to as cheaper alternatives to satellites.
Based upon the product types, the market is segmented into airships, tethered aerostat systems and unmanned aerial vehicles (UAVs). Currently, UAVs segment accounts for the largest share, in terms of revenue, of the global Coal Bed Methane market. Nevertheless, due to their extremely high costs and relatively lesser flight hours, most of the countries worldwide are now moving towards airships and tethered aerostat systems. These platforms are capable of staying aloft for several days with minimal maintenance required. Also, these systems are capable of carrying payloads weighing up to 2.5 tons. Airships also offer provision of mobility which makes its suitable for covering larger coverage areas. Thus, in the coming years, airships and aerostat systems segments are expected to expand substantially in the global market.
Competitive Insights:
The global Coal Bed Methane market is quite fragmented in nature with very few companies operating across all the three segments viz. airships, aerostat systems and UAVs. Nevertheless, the markets for individual products are competitive in nature with most of the players focusing on the betterment of their product portfolios. Most of the Coal Bed Methane companies are located in the U.S., Israel and China. These companies primarily focus on acquiring contracts from the U.S. and China defense sectors which are among the largest consumers of Coal Bed Methane worldwide.
Key Trends:
• Adoption of tethered aerostat systems for delivering wireless communication services
• Development of high altitude UAVs with longer flight hours
• Focus on acquiring international customers for Coal Bed Methane
• Development of solar-powered Coal Bed Methane
Browse the full report (Coal Bed Methane Market - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022) at https://www.credenceresearch.com/sample-request/58149
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