+1-888-308-5802     
News Contact Us

UAV Segment in High Altitude Platform Market is Excepted to Witness Substantial Growth by 2024

Author : Ronak Bora | Published Date : 2019-05-03 

Segmentation of the High altitude platform market by UAVs is anticipated to dominate during the forecast timespan owing to their applications in the defense sector. These systems can be designed to rely solely on solar powered technologies which is anticipated to cause large savings in term of fuel costs and reduce the CO2 emissions.

High Altitude Platform (HAP) Market is projected to reach a revenue of approximately USD 1.5 billion over the forecast timespan. These systems overcome the challenges pertaining to conventional satellites and terrestrial towers such as high costs, inoperability over large distances and water bodies, and inaccessibility for maintenance and testing. Additionally, these provide a faster convergence route for broadcasting and communication services as they are situated in close proximity to the earth’s lower layers and are accessible by a larger customer base causing a substantial High altitude platform market growth.

Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/683

The commercial segment of the High altitude platform market is anticipated to experience high demand during the forecast timespan. Various telecommunication projects such as Skybender and Wave have been implemented for the provision of broadband services to remote locations and have high uses in telesurgery and low cost, internet services.

The application of High altitude platform market can extensively aid in the reduction of crime, terrorism, contraband smuggling, and human trafficking owing to which countries are increasing their military and public safety spending to support the advancements of such technologies. For instance, India increased their military budget by 6% since last year and is anticipated to increase the spending in the coming years.

The increased demand for telecommunication services in rural and underserved locations is largely supported by government push for the development of the High altitude platform market. For instance, the application of High Altitude Platforms Mobile Robotic Telesurgery (HAPsMRT) was developed specifically by AeroVironment, Inc. for usage by the U.S. Army. These stations aid medical personnel to implement complex surgeries without latency issues in data packet transfers.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/683

The economic boom in the South-East Asian countries is contributing to the high growth of the High altitude platform market. Outsourcing of various business operations requires continuous connection to the internet and other communication facilities. Disruption in connectivity can result in massive financial losses for regional players. Additionally, the consumers in the region are also seeking high speed broadband services and wireless connectivity which at lower rates. Rising instances of smuggling and terroristic activities across the world have led to government concern and strategies to tackle such issues. Various regions such as the Middle East and Africa are prime conflict locations that require advanced defense solutions such as manned and unmanned weaponized airships.

High altitude platform market players include Elektra Solar GmbH, ILC Dover L.P., Aerostar International, Inc., Airbus SE, AeroVironment, Inc., and Lockheed Martin Corporation. The High altitude platform market is currently in its nascent stage owing to which companies resort to business strategies such as partnerships and joint ventures to sustain growth. For instance, in March 2016, Avealto Ltd. announced that it was partnering with JP Aerospace for the operation and development of Tandem Vehicle.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/high-altitude-platform-hap-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Europe Automotive Turbochargers Market to witness highest growth rate during forecast period

Published Date: 2019-05-24         Author: Ronak Bora

Europe automotive turbochargers market will grow considerably over the study timeframe. This can be credited to the presence of major automobile companies adopting turbocharging technologies across their product portfolio. Automotive turbochargers market for PCVs accounted for a revenue share of ... Read More

Asia Pacific Automotive Relay Market Size to grow at over 4.5% CAGR To 2024

Published Date: 2019-05-24         Author: Ronak Bora

High demand of automotive PCB relays in Asia Pacific and Europe has induced an immense potential to the automotive relay market size. Stringent government regulations in Europe regarding incorporation of safety features into vehicles, replacement of obsolete technologies, and fuel efficiency standar... Read More

Asia Pacific Power Sports Market to grow at over 4.5% CAGR To 2025

Published Date: 2019-05-24         Author: Ronak Bora

Asia Pacific power sports market share will showcase significant growth over the forecast timeframe. The growth can be credited to the increasing awareness about off-roading events among youth coupled with rising disposable income across the region. The proliferating presence of industry players to ... Read More

© 2019 Fractovia. All Rights Reserved