High-Altitude Pseudo Satellites Market
Added: (Tue Jun 01 2021)
Pressbox (Press Release) -
High-altitude Pseudo Satellite (HAPS) Market was estimated at xx million dollars in 2021 and is expected to record an 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:
In October 2017, Google distributed the Loon Project balloon to provide data services to residents of Puerto Rico who were affected by the hurricane.
In November 2015, the Indian government approved the use of Loon balloons in the United States.
Developed by Neah Power System in October 2015, Formira Hydro-On-Demand technology synthesizes hydrogen from liquid formic acid.
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Zephyr, the first drone that flies in the stratosphere, operates exclusively with solar energy instead of traditional weather and air traffic, using the sun's rays. HAPS: a very similar satellite that can fly for months at a time, combining satellite altitude with the flexibility of UAVs.
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.
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Detailed Segmentation of High-altitude Pseudo Satellite (HAPS) Market:
By Technology:
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 Growth 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.
Top Leading Company in High-altitude Pseudo Satellite (HAPS) Market:
AeroVironment Inc is expected to accelerate market growth during the forecast period using technology with higher platform acquisition rates, making it the ideal time to launch new products.
Major key players involved in this market are:
AUGUR- RosAeroSystems
Prismatic Ltd
Airbus SE
Astigan Ltd
Thales Group
Lockheed Martin Corporation
AeroVironment Inc
Loon LLC (Alphabet Inc.)