Market Research Report
High-Altitude Pseudo Satellites (HAPS) - Global Market Outlook (2020-2028)
|High-Altitude Pseudo Satellites (HAPS) - Global Market Outlook (2020-2028)|
Published: April 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global High-Altitude Pseudo Satellites (HAPS) Market is expected to growing at a CAGR of 10.1% during the forecast period. Some of the key factors propelling the market growth include the performance and cost-benefits of HAPS over geostationary satellites, increasing demand for high-capacity bandwidth & wireless services, rising use of advanced materials the adoption of HAPS is significantly high in developing countries, and the absence of critical infrastructure to ensure telecommunication services in remote locations. However, complexity in data management and spectrum management issues may restrain the market growth.
High-altitude pseudo-satellites (HAPS) are aircraft, airships or balloons that fly in the stratosphere (12 miles to 31 miles above ground) and can provide a variety of services aver regional coverage areas. It is a category of unmanned aircraft that AeroVironment thinks could deliver a multitude of benefits to the commercial market through use of Internet of Things (IOT) and other technologies and concepts. HAPS offer advantageous propagation characteristics such as they can potentially efficiently deliver cost-effective broadband services and are also viable as suitable alternative infrastructure for long-term provision of broadband access to fixed or mobile users. HAPS platforms have piqued considerable interest in the last couple of decades due to their potential to leverage the best aspects of terrestrial and satellite-based systems. HAPS also provide enhanced network flexibility and better configuration due to the provision of rapid deployment and flight-control in compliance with changing communication demands.
By technology, the stratospheric balloons segment is anticipated to grow at the significant rate during the forecast period. Stratospheric balloons are helium or hydrogen-filled balloons released into the stratosphere at altitudes ranging from 59,055.12 feet to 121,391.08 feet. These balloons are used for atmospheric and climatic research, weather surveillance, remote sensing, and submillimeter astronomy, among others. Market vendors are collaborating to attract more investments, improve performance, and demonstrate the various applications of stratospheric balloons.
On the basis of geography, North America region was the largest high-altitude pseudo satellites market, and the region will offer several growth opportunities to market vendors during the forecast period, due to increasing surveillance and security-related applications, substantial investments by private companies, and the presence of highly developed infrastructure and several rising startups that collaborate with government agencies to meet the demand for remote sensing and connectivity, both in the defense and commercial sectors. The US is a key market for high-altitude pseudo satellites in North America.
Some of the key players in High-Altitude Pseudo Satellites (HAPS) Market include Lockheed Martin Corp., Thales Group, Alphabet Inc., MAG Aerospace, TAO-Group, The Boeing Co., SZ DJI Technology Co. Ltd., Airbus SE, AeroVironment Inc., AUGUR - RosAeroSystems, Prismatic Ltd., Facebook, Astigan Limited, and Composite Technology Team.
Sales Channels Covered:
End Users Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Table17 Global High-Altitude Pseudo Satellites (HAPS) Market Outlook, By Civil Missions (2019-2028) ($MN)