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 HAP market growth.
The vendors in the high-altitude platform market include Aerostar International, Inc., Avealto Ltd., TCOM L.P., Israel Aerospace Industries Ltd., Lindstrand Technologies Ltd., Raytheon Company, Thales Group, Airbus SE, Lockheed Martin Corporation, and Rafael Advanced Defense Systems Ltd.
Regional Segmentations: -
Army. These stations aid medical personnel to implement complex surgeries without latency issues in data packet transfers.Rapid growth of the industrial and commercial sector in the South-East Asian regions due to low cost, high abundance of raw materials and skilled labour. Foreign players are increasing outsourced activities which cannot function without the availability of high-speed broadband communication services.
Furthermore, there is also a notable increase in the reliance of the general population for a large scale of day-to-day operations such as e-learning, payments, gaming, among others fuelling the demand for the high-speed internet solutions via the HAP market.
Partial Chapter of the Table of Content
Chapter 4. HAP Market, By Product
4.1. HAP market share, by product, 2016 & 2024
4.2. Unmanned aerial vehicles (UAV)
4.2.1. Market estimates and forecasts, 2013 - 2024
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. HAP Market, By Application
5.1. HAP market share, by application, 2016 & 2024
5.2.1. Market estimates and forecasts, 2013 – 2024
5.3. Navigation and remote sensing
5.3.1. Market estimates and forecasts, 2013 - 2024
5.4.1. Market estimates and forecasts, 2013 - 2024
5.5. EO/IR system
5.5.1. Market estimates and forecasts, 2013 – 2024
Segmentation of the HAP 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.
The commercial segment of the HAP 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.
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