Global High-Altitude Aeronautics Platform Station (HAAPS) Market: Focus on Platform, Payload, and End-Users - Analysis and Forecast, 2018-2028
LONDON, Sept. 26, 2018 /PRNewswire/ -- Global High-Altitude Aeronautics Platform Station (HAAPS) Market Anticipated to Reach $12.40 Billion by 2028, BIS Research Reports
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The global High-Altitude Aeronautics Platform Station (HAAPS) market has exhibited a high growth in the recent past.Increasing competitive advantages of HAAPS over conventional- and terrestrial-based systems have made it an essential system for military and commercial applications.
Factors, such as low operation cost, rapid deployment, and large coverage area of HAAPS, have increased its adoption in defense and telecommunication industry.Moreover, HAAPS offers less propagation delay, and thus, enabling faster broadband capabilities.
HAAPS has a potential to tap into several application areas such as earth observation (earthquakes, volcanic eruptions, landslides, oil spills, and others).These platforms have the capability to provide military communications facilities in remote areas therefore, they are increasingly being used for intelligence, surveillance, and reconnaissance missions in military.
Additionally, increased tensions across the borders and growing terrorism are some of the factors that are propelling the adoption of the HAAPS market.
The following points provide a concrete description of the report content and the topics covered in the report:
• This report identifies the global HAAPS market in different segments, such as platform, payload, end user, and region.
• The study talks about the prime supply side factors affecting the growth of the market along with the current and future trends in the HAAPS market.
• The study also presents a detailed assessment of the HAAPS market along with market drivers, challenges, and growth opportunities.
• The report also highlights the value chain of the overall HAAPS industry.
• A detailed competitive analysis has been included in this report which focuses on the key market developments and strategies followed by the major players in the market.
• The HAAPS market is also analyzed on the basis of different platforms such as Unmanned Aerial Vehicles (UAVs), airships, balloons, tethered aerostats, and tethered drones.
• In this report, various end users of the HAAPS market have also been studied. The end-users include commercial and government & defense.
• The HAAPS market has been analyzed for all the regions including North America, Europe, Asia Pacific, and Rest-of-the-World with further analysis with respect to several major countries in the region.
• The key market players are analyzed and profiled in detail in the Company Profiles section of the report. This section covers the business financials, company snapshots, key products & services, major developments, and, the individual SWOT analysis.
Executive Summary
Lighter Than Air technology (LTA) has been with significant improvements over the last decade.Military and civilian organizations have been researching on the LTA technology to investigate its use in diverse applications (airships and balloons).
Initially balloons were used by the military to monitor the troops movement during the American Civil War.Modern LTA vehicles are advanced and military forces are continuing to use it for intelligence, surveillance, and reconnaissance mission.
With the growing number of terrorist activities across the globe, military forces are increasingly using LTA technology to keep an eye over the illegal crossings at the borders.
With the growing uses of LTA technology in commercial and military applications, the research on high-altitude platforms has begun for the ends-users.High-Altitude Aeronautics Platform Station (HAAPS) is an object in a space at an altitude of 20 km to 50 km.
These platforms can be manned or unmanned based on the requirement of various applications.
However, unmanned platforms are increasingly preferred in comparison to that of the manned platforms, owing to the long endurance of unmanned platforms.
The demand for HAAPS is majorly attributed to the increased advantages of HAAPS over conventional satellite and terrestrial-based systems.Additionally, growing terrorism and increased tensions across the borders are some of the factors that are propelling the adoption of the high-altitude platforms.
Moreover, the military modernization programs of the different armed forces are strengthening the homeland security of the forces, pushing the sales of HAAPS market.
The HAAPS market generated a revenue of $3,756.8 million in 2017, with military end-user holding the highest share.
The Unmanned Aerial Vehicles (UAVs) market accounts for a large share in overall revenue generated.The high share of UAVs is mainly attributed to the growing need of UAVs for surveillance across defense agencies.
Additionally, several manufacturers are conducting research on the development of solar-powered UAV for its use in providing internet connectivity to remote areas.
North America, followed by Europe, Asia Pacific, and Rest-of-the-world, is expected to dominate the market during the forecast period (2018-2028).The United States is the leading country in the HAAPS market, globally and the country is expected to maintain its dominance during the forecast period.
Asia Pacific is expected to grow at the highest CAGR with China dominating the market in this region. This region is growing at a much faster rate as compared to North America and Europe due to continuous efforts by both the government and HAAPS manufacturers.
Some of the key players in the HAAPS market include: Lockheed Martin, Raytheon, Airbus, TCOM L.P., Thales Alenia Space, Bye Aerospace, Raven Aerostar, Google, Facebook, and Augur RosAeroSystems.
Countries Covered
• North America
• The U.S.
• Canada
• Europe
• The U.K.
• Germany
• Russia
• France
• Asia Pacific
• China
• India
• Australia
• Rest-of-the-World
• Latin America
• Middle East and Africa
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