Lighter Than Air (LTA) technology has been evolving 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). The technological advancement in the LTA vehicles has led to the adoption of the technology in military forces. 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 them 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. Hence, the armed forces are keeping a separate military budget for LTA vehicles.
Read Report Overview: High-Altitude Aeronautical Platform Station Market
The HAAPS industry analysis by BIS Research projects the market to grow at a significant CAGR of 11.80% during the forecast period from 2019 to 2029. The North America region dominated the global HAAPS market in 2018, whereas Asia-Pacific is expected to experience the highest growth rate during the forecast period.
HAAPS 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 high-altitude platforms. Moreover, the military modernization programs of the different armed forces across countries on account of strengthening homeland security has pushed the sales of HAAPS. The improving economic conditions after global financial crisis and instability in Middle-East and Africa regions coupled with rising land disputes in Southeast Asia are the major factors that are likely to drive the growth in the HAAPS market
The HAAPS market is developing significantly, attributing to the rapid technological advancement in this field. The ecosystem of HAAPS market comprises of system manufacturers, original device manufacturers, and end-users. The market is dominated by the developed regions such as North America and Europe and is gaining traction in regions such as Asia Pacific and Middle East & Africa (ME&A).
Competitive Landscape
The competitive landscape for the HAAPS market demonstrates an inclination toward companies adopting strategies such as product launch and development, partnerships, and collaborations. The major established players in the market are focusing on partnerships, contracts, and joint ventures strategies to develop innovative solutions into the market. Moreover, key players operating in this market have ramped up their product launch activities over the recent years, in order to generate public awareness about their existing and new products & technologies and compete with the competitors’ product portfolio.
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With the increasing opportunities around HAAPS, companies operating in this industry are compelled to come up with collaborative strategies in order to expand their business. For instance, in January 2018 AeroVironment formed a joint venture with SoftBank Corp. namely HAPSMobile, Inc. to develop high altitude, long-endurance (HALE) solar drones. Lockheed Martin, Raytheon, Airbus, TCOM L.P. and Thales Alenia Space are the top five companies in global HAAPS market.
The leading players operating in this market are AeroVironment, Airbus, Thales Alenia Space, Lockheed Martin, Google X, TCOM LP, Raven Industries Inc., and Israel Aerospace Industries, among others.
Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for sustained growth of the market. Various governments and private research institutes are putting in substantial efforts to identify the benefits of HAAPS systems. During the forecast period, HAAPS market is estimated to advance at a robust pace, owing to further development in the technology and increasing consumer awareness.
Key Questions Answered in This Report:
- What are the major driving forces that are expected to increase the demand for the global HAAPS market during the forecast period, 2019-2029?
- What are the major challenges expected to inhibit the growth of the global HAAPS market during the forecast period 2019-2029?
- Who are the key players in the global HAAPS market, and what is their competitive benchmarking?
- What was the revenue generated by the global HAAPS market by segment (platform, payload, end user, and region) in 2018, and what will be the estimates by 2029?
- What are the major trends in the global HAAPS market across different regions?
- What kind of major growth opportunities do the HAAPS manufacturers foresee?
Mar 18, 2020: High Altitude Aeronautical Platform Stations Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).The report firstly introduced the High Altitude Aeronautical Platform Stations basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.
In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-high-altitude-aeronautical-platform-stations-market-research-report-2019/request-sampleThe report includes six parts, dealing with:1.)
Asia High Altitude Aeronautical Platform Stations Market;3.)
North American High Altitude Aeronautical Platform Stations Market;4.)
Market Entry and Investment Feasibility;6.)
The market analysis is provided for the international markets including development trends, competitive landscape analysis, key regions development status & high altitude long endurance market forecast.Top PlayersSome of the top players in the market for High altitude long endurance (Pseudo Satellite) include IAI Ltd., Parrot SA, AeroVironment, Boeing, Northrop Grumman Corporation, Lockheed Martin, SZDJI Technology Co. Ltd., BOSH global services, Hawkeye systems Ltd., Airbus SAS, to name a few.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3681COVID-19 AnalysisPost the SARS-CoV-2 outbreak, the satellite technology has proved to be a valuable commodity across industries.
Satellites are being used to offer information regarding the global scenario in the face of lockdown as well as social distancing practices.
Satellite imageries are able to provide information pertaining to the activities across geographies, diverse tourist destinations, industrial sites, public places and highways, which used to be generally crowded before the pandemic.
In addition, a thorough assessment of mortuaries and medical facilities are being performed using satellite imagery.With the intention of finding a COVID-19 breakthrough, governments everywhere are trying to get their hands on any type of information that can help them make sound decisions regarding the betterment of the grave situation, post COVID-19 outbreak.
The information can be related to the movement of migrant laborers, water and electricity supply that can help build medical facilities on open grounds.
The satellite can perform an extensive survey with high precision and provide real-time information to the military and defense sector.A notable advantage of high altitude long endurance (pseudo-satellite) includes its ability to operate at extremely high altitude and reach close to 65,000 feet above the ground.
