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High Altitude Platform Market: Things to Focus on to Ensure Long-term Success 2020-2024

Author : Ronak Bora | Published Date : 2020-09-10 

High altitude platform market is expected to witness remarkable growth in the coming years. The emerging market for broadband data provision and multimedia are highly impacting the growth of projects – that are launching terrestrial and satellite systems for enhancing wireless and internet services. Airships, tethered aerostat systems, unmanned planes, and so-called pseudo satellites are some of the most significant high altitude platforms that are been used to enhance global communication, wireless technologies, and surveillance applications.

Statistically, it has been observed that the application scope and involvement of special deep-pocketed proponents have significantly led high altitude platform market to cross the billion-dollar frontier in 2016. According to the estimates provided high altitude platform industry was over USD 1 billion in 2016 and is expected to surpass a valuation of USD 1.5 billion, expanding at 5% CAGR over 2017-2024.

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Speaking of the prominent companies expanding their reach in the high altitude platform industry, the social media giant Facebook and leading aerospace manufacturer Airbus are teaming up to develop their separate solar powered unmanned airships. As per reports, these systems are designed to fly above the height of 70,000 feet to provide the broadband internet service in the remote areas.

Another recent development witnessed across high altitude platform market is of Google, who has successfully launched HAP projects such as Loom and Skybender to beam internet services to the underserved and rural location across the globe.

These instances clearly validate the recent developments spanning the installations and commercialization of UAVs, satellites, and drones, that, in turn, is certain to boost the revenue stream of overall high altitude platform industry.

Top Key Players In High Altitude Platform Market are Aerostar International, Inc., AeroVironment, Inc., Airbus SE, Avealto Ltd., Elektra Solar GmbH, ILC Dover L.P., Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Company, TCOM L.P., Thales Group, Worldwide Aeros Corporation

Interestingly, telecommunications and wireless networks are not the only thriving application segments of high altitude platform market. Analysts deemed that surveillance application of HAPs dominated the business sphere, on account of its rising demand from the military and public safety sectors.

The profound significance that these high altitude platforms hold in identification of criminals, terrorist attacks, and tracking activities have remarkably uplifted the demand of HAPs in surveillance applications. The recent instance of the sniper attack in the Las Vegas accounted for more than 59 deaths and 527 injuries, which has drastically impacted the business operations of High altitude platform market.

It is noteworthy to mention that, such situations demand strong surveillance, wherein the HAP plays an important role in providing clear and concise images of objects from distance. In this scenario, several governments of countries including U.S., UK, and India have initiated grants for companies operating in the high altitude platform industry to enhance the research and development of these platforms for defense purposes.

Table Of Content:

Chapter 4.   High altitude platform market, By Product

4.1.  High altitude platform industry share, by product, 2016 & 2024

4.2.  Unmanned aerial vehicles (UAV)

4.2.1. Market estimates and forecasts, 2013 - 2024

4.3.  Airships

4.3.1. Market estimates and forecasts, 2013 - 2024

4.4.  Tethered aerostat systems

4.4.1. Market estimates and forecasts, 2013 - 2024

Chapter 5.   High altitude platform market, By Application

5.1.  High altitude platform industry share, by application, 2016 & 2024

5.2.  Surveillance

5.2.1. Market estimates and forecasts, 2013 – 2024

5.3.  Navigation and remote sensing

5.3.1. Market estimates and forecasts, 2013 - 2024

5.4.  Communication

5.4.1. Market estimates and forecasts, 2013 - 2024

5.5.  EO/IR system

5.5.1. Market estimates and forecasts, 2013 – 2024

Chapter 6.   High altitude platform market, By End-user

6.1.  High altitude platform industry share, by end-user, 2016 & 2024

6.2.  Government & defense

6.2.1. Market estimates and forecasts, 2013 - 2024

6.3.  Commercial

6.3.1. Market estimates and forecasts, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/high-altitude-platform-hap-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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