High-altitude Pseudo Satellites (HAPS) Market size to grow at USD 134.55 million from 2022 to 2027, North America to account for 64% of the market growth - Technavio

NEW YORK, April 20, 2023 /PRNewswire/ -- The high-altitude pseudo satellites (HAPS) market is estimated to grow by USD 134.55 million from 2022 to 2027, growing at a CAGR of 8.74%. North America is estimated to account for 64% of the global market growth during the forecast period. The regional aerospace industry is mature and largely supported by a robust infrastructure base in North America, especially the United States. Several technology start-ups work closely with government agencies on alternative-powered satellite technologies to meet the growing demand for remote sensing and connectivity in both the defense and commercial sectors. The US leads the world in the global satellite manufacturing and launch market in terms of demand and manufacturing. The rising surveillance and security applications have also increased the demand for durable high-altitude platforms in military operations. Moreover, surveillance and security applications have also increased the demand for durable high-altitude platforms in military operations For a comprehensive analysis on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

High-altitude Pseudo Satellites (HAPS) Market - Vendor Landscape
The high-altitude pseudo satellites (HAPS) market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments, to get a glimpse, Request a Sample Report!

Company Profiles

The high-altitude pseudo satellites (haps) market report includes information on the product launches, sustainability, and prospects of leading vendors including AeroVironment Inc., Airbus SE, Arka Group LP, AUGUR RosAeroSystems, BAE Systems Plc, China Aerospace Science and Technology Corp., CTT doo Beograd, Elbit Systems Ltd., General Atomics, iFlight Innovation Technology Ltd., Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Systems Corp., Parrot Drones SAS, TAO Transatmospheric Operations GmbH, Thales, The Boeing Co., UAVOS Inc., and Zero 2 Infinity S.L.

High-altitude Pseudo Satellites (HAPS) Market - Market Dynamics

Major Drivers & Challenges- The market is driven by factors such as the performance and cost benefits of geostationary satellites, advancements in incorporated photovoltaic technology, and the development of newer generation engines. spectrum management challenges are hindering market growth.

The ability of HAPS satellites to efficiently provide low-cost broadband services is a key factor driving the growth of the HAPS market. The growing demand for high-capacity wireless services, especially last-mile delivery, poses challenges for communication service providers. Given the large number of base stations required to provide adequate wireless communication services, terrestrial network coverage is limited in some areas and operating costs are very high. Similarly, satellite-based telecommunications services have many capacity and performance limitations in voice and video communication applications. HAPS platforms have attracted a great deal of interest over the past decades due to their potential to leverage the best aspects of terrestrial and satellite-based systems. They offer excellent propagation characteristics and can potentially provide low-cost broadband services efficiently. 

The requirement for a wider spectrum to sustain HAPS could significantly impede market growth. Congestion poses challenges in certain frequency bands as the number of wireless devices proliferates. Dynamic allocation of the spectrum becomes more difficult in conflict and disaster relief operations. The deployment of state-of-the-art autonomous flight platforms for coordinated missions by military agencies has increased the need to develop real-time spectrum-sharing capabilities. The increasing adoption of mobile warfare reflects massive data consumption and transmission, putting an undue strain on microwave devices operating in the frequency bands. 

Key Trends- Rapid demand for advanced materials for satellites is driving the growth of the global High Altitude Pseudolites (HAPS) market. Because HAPS operates in the stratosphere of the Earth's atmosphere, where the air density is approximately 7% above sea level, these airborne systems face several operational challenges. Since the lift force produced is a direct function of air density, such platforms require larger wing areas (for fixed-wing UAVs) or larger volumes (for airships or airships) to achieve sustained flight. for balloons). The size of the HAPS platform requires designers to incorporate relatively advanced lightweight materials to optimize weight. Moreover, the advent of 3D printing has greatly improved the production process. Leveraging additive manufacturing (AM) for part design enables seamless design integration and allows you to accurately meet customer specifications. This reduces the number of machined parts, subsequent lead times and associated manufacturing costs. 

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Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

 Market Segmentation

This report extensively covers market segmentation by technology (balloons, UAVs, and airships), application (government services and commercial services), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth by balloons segment will be significant during the forecast period. The balloons are used for atmospheric and climate research, weather observation, remote sensing, submillimeter astronomy, and more. They provide internet connectivity in remote areas, continue to operate in space zones from about 12 miles to 62 miles above sea level, and are powered by solar panels demonstrating improved durability over conventional class high-altitude balloons. For instance, in September 2021, NASA announced the planned launch of the Galactic/Extragalactic ULDB Spectroscopy Terahertz Observatory (GUSTO), a high-altitude balloon with a 1-meter telescope, scheduled for December 2023. The launch hopes to fully understand the inner workings of the galaxy. Hence, such factors are anticipated to drive the growth of the balloon segment of the global HAPS market during the forecast period.  

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Table Of Contents : 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global high-altitude pseudo satellites (HAPS) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global high-altitude pseudo satellites (HAPS) market 2017 - 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments
• Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 Balloons - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Balloons - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Balloons - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Balloons - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Balloons - Year-over-year growth 2022-2027 (%)

• 6.4 UAVs - Market size and forecast 2022-2027 
• Exhibit 38: Chart on UAVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on UAVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on UAVs - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on UAVs - Year-over-year growth 2022-2027 (%)

• 6.5 Airships - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Airships - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Airships - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Airships - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Airships - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Technology 
• Exhibit 46: Market opportunity by Technology ($ million)
• Exhibit 47: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Government services - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Government services - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Government services - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Government services - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Government services - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial services - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Commercial services - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Commercial services - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Commercial services - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Commercial services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Russia - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 AeroVironment Inc.
• Exhibit 115: AeroVironment Inc. - Overview
• Exhibit 116: AeroVironment Inc. - Business segments
• Exhibit 117: AeroVironment Inc. - Key news
• Exhibit 118: AeroVironment Inc. - Key offerings
• Exhibit 119: AeroVironment Inc. - Segment focus

• 12.4 Airbus SE
• Exhibit 120: Airbus SE - Overview
• Exhibit 121: Airbus SE - Business segments
• Exhibit 122: Airbus SE - Key news
• Exhibit 123: Airbus SE - Key offerings
• Exhibit 124: Airbus SE - Segment focus

• 12.5 AUGUR RosAeroSystems
• Exhibit 125: AUGUR RosAeroSystems - Overview
• Exhibit 126: AUGUR RosAeroSystems - Product / Service
• Exhibit 127: AUGUR RosAeroSystems - Key offerings

• 12.6 BAE Systems Plc
• Exhibit 128: BAE Systems Plc - Overview
• Exhibit 129: BAE Systems Plc - Business segments
• Exhibit 130: BAE Systems Plc - Key offerings
• Exhibit 131: BAE Systems Plc - Segment focus

• 12.7 CTT doo Beograd
• Exhibit 132: CTT doo Beograd - Overview
• Exhibit 133: CTT doo Beograd - Product / Service
• Exhibit 134: CTT doo Beograd - Key offerings

• 12.8 iFlight Innovation Technology Ltd. 
• Exhibit 135: iFlight Innovation Technology Ltd. - Overview
• Exhibit 136: iFlight Innovation Technology Ltd. - Product / Service
• Exhibit 137: iFlight Innovation Technology Ltd. - Key offerings

• 12.9 Israel Aerospace Industries Ltd. 
• Exhibit 138: Israel Aerospace Industries Ltd. - Overview
• Exhibit 139: Israel Aerospace Industries Ltd. - Product / Service
• Exhibit 140: Israel Aerospace Industries Ltd. - Key news
• Exhibit 141: Israel Aerospace Industries Ltd. - Key offerings

• 12.10 Lockheed Martin Corp. 
• Exhibit 142: Lockheed Martin Corp. - Overview
• Exhibit 143: Lockheed Martin Corp. - Business segments
• Exhibit 144: Lockheed Martin Corp. - Key news
• Exhibit 145: Lockheed Martin Corp. - Key offerings
• Exhibit 146: Lockheed Martin Corp. - Segment focus

• 12.11 Northrop Grumman Systems Corp. 
• Exhibit 147: Northrop Grumman Systems Corp. - Overview
• Exhibit 148: Northrop Grumman Systems Corp. - Business segments
• Exhibit 149: Northrop Grumman Systems Corp. - Key news
• Exhibit 150: Northrop Grumman Systems Corp. - Key offerings
• Exhibit 151: Northrop Grumman Systems Corp. - Segment focus

• 12.12 Parrot Drones SAS
• Exhibit 152: Parrot Drones SAS - Overview
• Exhibit 153: Parrot Drones SAS - Product / Service
• Exhibit 154: Parrot Drones SAS - Key offerings

• 12.13 TAO Transatmospheric Operations GmbH 
• Exhibit 155: TAO Transatmospheric Operations GmbH - Overview
• Exhibit 156: TAO Transatmospheric Operations GmbH - Product / Service
• Exhibit 157: TAO Transatmospheric Operations GmbH - Key offerings

• 12.14 Thales
• Exhibit 158: Thales - Overview
• Exhibit 159: Thales - Business segments
• Exhibit 160: Thales - Key news
• Exhibit 161: Thales - Key offerings
• Exhibit 162: Thales - Segment focus

• 12.15 The Boeing Co.
• Exhibit 163: The Boeing Co. - Overview
• Exhibit 164: The Boeing Co. - Business segments
• Exhibit 165: The Boeing Co. - Key news
• Exhibit 166: The Boeing Co. - Key offerings
• Exhibit 167: The Boeing Co. - Segment focus

• 12.16 UAVOS Inc.
• Exhibit 168: UAVOS Inc. - Overview
• Exhibit 169: UAVOS Inc. - Product / Service
• Exhibit 170: UAVOS Inc. - Key offerings

• 12.17 Zero 2 Infinity S.L.
• Exhibit 171: Zero 2 Infinity S.L. - Overview
• Exhibit 172: Zero 2 Infinity S.L. - Product / Service
• Exhibit 173: Zero 2 Infinity S.L. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio