High Altitude Platforms (HAP) Market Analysis:

High altitude platforms are aerial objects or aircrafts stationed in the stratosphere layer of the earth much higher in comparison to operational altitude of commercial aircrafts. High altitude platforms are positioned at an altitude of more than 50,000 feet above the earth’s surface. This height enables them to cover a larger region making their operational area wide which can be used for persistent surveillance, navigation, and communication systems for military and civilian applications. High altitude platforms are furnished with different payloads according to the desired applications.  These aircrafts can be either unmanned or manned, airships, balloons, and airplanes. These platforms are also used for environmental mapping and monitoring, internet services, and aerial imaging. High altitude platform provides a lucrative alternative to satellite systems owing to their capabilities of performing similar actions. 

Increased benefits over satellite systems and growing defense expenses are the major factors driving the market growth

Adoption rate for high altitude platforms has been sky rocketed owing to the benefits offered by them in comparison to satellite systems. High altitude platforms are operated on much lower expenses and can be
deployed at minimalistic costs. They require low maintenance in comparison to satellite systems. High altitude platforms are much easier to maneuver which makes them a convenient option. They take much less time for installation at the desired or already fixed altitudes. Worldwide existing technological infrastructure facilitates the payloads attached to the high altitude platforms. This makes them more preferred option over satellite systems. High altitude platforms have lower turn-around as compared to satellites owing to the close distance to the Earth’s surface. These benefits cumulatively offer much better solutions compared to satellite systems because of which the demand for high altitude platforms has massively increased. Also, growing investments by various countries in the high-altitude platforms for defense and military purposes is growing. Major countries like U.S., India, China, Israel, and others are aggressively developing infrastructure facilities which could help gain strategic benefits to these countries over others.

High costs and poor technological infrastructure are hampering the market growth

Even though in comparison to satellite systems, high altitude platforms are much low -priced but still they require a good amount of investments for development, deployment, operations, and maintenance. Owing to its high prices, multiple regions aren’t able to afford high altitude platforms. Further, they have restrictions on payload weight and also slow deployment. Also, poor technological infrastructure across the globe is affecting the market’s development.

Increased usage for developing robust wireless internet services to create lucrative market opportunities

Private organizations and governments across the globe are highly focusing on investing in high altitude platform technology to develop a robust wireless internet infrastructure and increase internet penetration. Since these aerial vehicles are placed at an altitude of about 50,000 feet or more, they enable a service provider to cover wider area. This helps in increasing the reachability as well as decreases costs massively. For instance, search engine giant Google is focused on using high altitude platforms (mainly aerostat systems) to provide wireless internet services across the globe and has named it project Loon. Such investments will offer lucrative market opportunities and since the demand for wireless technologies is on rise it will facilitate the growth of market. Further, increased investments by governments to develop technological infrastructure and improve the imaging and surveillance sector will create new opportunities.

High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market, by Type:

Tethered aerostat systems to be the most lucrative till 2027

Tethered aerostat systems will have a dominating share in the global market, and they are expected to register a significant revenue during the forecast timeframe. They are capable of longer duration flights at low maintenance costs. They are easy to upgrade and can carry a payload of approximately 2-2.5 tons. Furthermore, tethered aerostat systems are able to cover larger areas in comparison to its counterparts. Owing to these benefits they are being highly adopted across the globe. Also, increased demand for wireless communication services have created lucrative opportunities for tethered aerostat systems.

High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market, by Payload:

Communication sector to grow at a significant rate

Communication sector is anticipated to grow at a significant rate in the high altitude platforms market during the forecast period. Communication sector is growing exponentially and to meet the global customer demand, the market players are highly investing in high altitude platforms. These platforms offer wider reach with low costs and also are more efficient solutions. Owing to these benefits, their usage in communication segment is increasing massively. Further, ongoing activities of developing high altitude platform based wireless technology infrastructure will create lucrative opportunities.

High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market, by Application:

Government & defense sector to register maximum growth

Government and defense sector is expected to register maximum growth in the high altitude platforms market during the forecast timeframe. Governments are massively investing in high altitude platforms market to upscale the technological infrastructure. These high altitude platforms allow governments to create navigation systems, surveillance systems, and communication systems for the military. Further, they help in monitoring, mapping, and aerial imaging which could help in detecting unusual or susceptible activities in the region and help the military with much more stable idea of the situation. These high altitude platforms are highly beneficial to protect the borders and help in avoiding any kind of intrusion activities. Owing to such tactical and monitoring benefits governments are investing more in high altitude platforms for the defense sector.

High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market, by Region:

North America to hold the largest market share 

North America region is anticipated to hold the largest share in the high altitude platforms market during the forecast period. Increased adoption and penetration of UAV aircraft in the region by various governmental and private organizations is driving the market growth. Further, the technologically advanced and robust infrastructure allows the region to spend highly on these technologies for various applications. Moreover, increased adoption for military purposes by countries like U.S., Canada, and other countries is increasing the investments inflow.

Asia-Pacific region to grow at a fast pace

Asia-Pacific region is expected to grow at a fast pace in the high altitude platforms market during the forecast timeframe. The region is heavily investing in HAP-based wireless communication systems to advance the communication infrastructure. Further, growing investments by China, South Korea, India, and other Southeast Asia countries for defense purposes is facilitating market growth. 

To explore more about High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market, get in touch with our analysts here.

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Key Participants in the Global High Altitude Platforms (Airships, Unmanned Aerial Vehicles (UAV) and Tethered Aerostat Systems) Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Some of the significant high altitude platforms (airships, unmanned aerial vehicles (UAV) and tethered aerostat systems) market players include Aeros, Lockheed Martin Corporation., Rafael Advanced Defense Systems Ltd., IAI, Raven Industries, Inc., Lindstrand Technologies Limited, TCOM, L.P., ILC Dover LP, AeroVironment, Inc., and Raytheon Technologies Corporation.

Market players prefer inorganic growth strategies to expand into local markets. 

High altitude platforms (airships, unmanned aerial vehicles (UAV) and tethered aerostat systems) market players are emphasizing more on advanced product development and merger & acquisition. These are the regular strategies followed by established organizations. To emphasize more on the competitor analysis of the market players, the ‘Porter’s five forces’ model is explained in the report.

Source: Research Dive Analysis