LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global high-altitude pseudo satellites (HAPS) market since 2017 and the market is poised to grow by USD 81.16 million during 2019-2023, progressing at a CAGR of more than 10% during the forecast period. Request Free Sample Pages
Read the 106-page research report with TOC on "High-altitude Pseudo Satellites (HAPS) Market Analysis Report by Technology (Balloons, Airships, and UAVs), Geography (Americas, APAC, and EMEA), and Segment Forecasts, 2019 - 2023".
The performance and cost-benefits of HAPS over geostationary satellites and increasing use of advanced materials is anticipated to boost the growth of the market.
The growing demand for high-capacity wireless services, especially ‘last mile’ deliveries has posed challenges to telecommunication service providers. Given the need for an extensively large number of base stations to provide proper wireless communication services, the coverage of terrestrial networks is limited in some regions and expensive to operate. Similarly, satellite-based communication services have several capacity and performance limitations in voice and video communication applications. These drawbacks can be addressed by the deployment of HAPS. Operators use HAPS platforms to provide services in remote areas as they can potentially deliver cost-effective broadband services in an efficient manner. Thus, the performance and cost-benefits of HAPS over geostationary satellites is expected to drive market growth during the forecast period.
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Major Five High-altitude Pseudo Satellites (HAPS) Market Companies:
Airbus
Airbus is headquartered in the Netherlands and operates the business under various segments such as Commercial Aircraft, Helicopters, and Defence and Space. The company offers Zephyr S, which is the new variant of the Zephyr family of UAVs intended for performing a variety of military, security and civil missions.
Alphabet
Alphabet is headquartered in the US and offers products through the following business units: Google and Other Bets. The company offers Loon, which is an envisioned network of high-altitude balloons.
AUGUR - RosAeroSystems
AUGUR - RosAeroSystems is headquartered in Russian Federation and operates under various business segments, namely AEROSTATS, AIRSHIPS, and ATLANT. The company offers Berkut, which can be deployed as an effective substitute for geostationary satellites.
Prismatic Theme
Prismatic Theme is headquartered in the UK and offers PHASA-35. PHASA-35 is a conceptual solar electric high-altitude UAV with a wingspan of 35 meters and weighing 150kgs.
Thales Group
Thales Group is headquartered in France and offers products through the following business segments: Aerospace, Transport, and Defense & Security. The company offers Stratobus, which is a solar powered airship capable of performing surveillance and telecommunication missions.
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High-altitude Pseudo Satellites (HAPS) Technology Outlook (Revenue, USD Million, 2019 - 2023)
- Balloons
- Airships
- UAVs
High-altitude Pseudo Satellites (HAPS) Regional Outlook (Revenue, USD Million, 2019 - 2023)
- Americas
- APAC
- EMEA
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