The high-altitude Pseudo-Satellite (HAPS) Market was estimated at xx million dollars in 2021 and is expected to record a compound annual growth of over 10% until it reaches xx million dollars by 2026.
High altitude pseudo-satellite (HAPS) is an aircraft located at an altitude of more than 20 km for long-term flights calculated for decades in the stratosphere. This drone can be an airplane, an aircraft or a balloon. HAPS can offer advantages and complementary applications at a relatively low cost compared to satellites, terrestrial infrastructure, and aircraft remote control systems.
Recent Developments and Trends:
Market Drivers:
The key factors that drive the global high-altitude pseudo satellite market growth are the performance and cost advantages over stationary satellites. The performance and cost benefits of HAPS for geostationary satellites will drive market growth during the forecast period. High-altitude pseudo satellite offers the same beneficial propagation features like the ability to provide potentially valuable broadband services efficiently. It can also be used as an alternative infrastructure suitable for long-term broadband access to fixed or mobile users. The high-altitude pseudo satellite platform has attracted considerable attention in the last two decades due to the potential to take advantage of the best aspects of terrestrial and satellite systems.
In addition, satellite communication services have many capacities and performance limitations in voice and video communication applications that HAPS eliminates. Also, a high-altitude pseudo satellite provides rapid deployment and flight control to meet changing communication needs, resulting in greater network flexibility and improved configuration. Therefore, performance and cost benefits for geostationary satellites will drive High-altitude pseudo satellites industry growth at an annual compound rate of more than 10% during the forecast period.
For High altitude pseudo-satellite (HAPS) market platforms such as unmanned aerial vehicles (UAVs), electric propulsion systems are integrated to increase the durability of the platform. This has led to a significant increase in R&D investments in the development of robust battery systems and high-density solar panels to improve the sustainability of the HAPS platform, making it more suitable for end-user adoption, such as telecommunications and emergency service providers.
Market Restraints:
A high-altitude pseudo satellite is cheaper to manufacture and operate, but its durability limits the efficiency of such a platform. Also, factors such as the complexity of data management and spectrum management problems are hampering the HAPS market.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
10% |
Segments Covered |
By Technology, By Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
|
Detailed Segmentation and Sub- Segmentation of market:
The global High-altitude pseudo satellite market is divided into balloons, airships, and UAVs. The balloons segment was the dominant technology in the worldwide High altitude pseudo-satellite business in 2018 due to its high sustainability compared to its counterparts. The market share of this sector is also foreseen to continue its dominion in the market for the next five years.
Regional Analysis:
The adoption of High altitude pseudo-satellite (HAPS) market is quite high in developing countries in the Asia-Pacific and European regions because there is no significant infrastructure to guarantee communication services in remote areas. The High altitude pseudo-satellite (HAPS) market platform is an essential tool for SAR missions (discovery and rescue), disaster relief, environmental monitoring, and precision agriculture.
Several governments, including the governments of Kenya and India, have allowed pre-HAPS tests to enable critical analysis of the viability of these systems in their countries. America Airlines has the largest high-altitude pseudo satellite market share in 2018 thanks to the mature and robust infrastructure of the region's aerospace industry. The United States will remain a market leader for the next five years. The APAC high-altitude pseudo satellite market has the smallest share in 2018 but is expected to register the most substantial growth rate during the forecast period.
Major key players involved in this market are:
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region