High Altitude Platform Market Trends By Key Players: Avealto, Aerostar International, TCOM L.P., Lindstrand Technologies, Israel Aerospace Industries, Raytheon Company, Airbus SE, Thales Group, Lockheed Martin Corporation

Market Overview: -

According to the estimates provided by Global Market Insights, Inc., high altitude platform market size was over USD 1 billion in 2016 and is expected to surpass a valuation of USD 1.5 billion, expanding at 5% CAGR over 2017-2024. With significant advancements in artificial intelligence and wireless technologies, high altitude platform market is expected to witness remarkable growth in the coming years. The emerging market for broadband data provision and multimedia are highly impacting the growth of projects – that are launching terrestrial and satellite systems for enhancing wireless and internet services.

Airships, tethered aerostat systems, unmanned planes, and so-called pseudo satellites are some of the most significant high altitude platforms that are been used to enhance global communication, wireless technologies, and surveillance applications. Statistically, it has been observed that the application scope and involvement of special deep-pocketed proponents have significantly led high altitude platform market to cross the billion-dollar frontier in 2016.

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Top Key Players: -

Key players in the HAP market include Avealto Ltd., Aerostar International, Inc., TCOM L.P., Lindstrand Technologies Ltd., Israel Aerospace Industries Ltd., Raytheon Company, Airbus SE, Thales Group, Lockheed Martin Corporation, and Rafael Advanced Defense Systems Ltd.

Market share calculation in this report is not done based on companies covered in it. The calculation of high altitude platform market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

eports claim North America and Western Europe to be the leading regions witnessing high adoption of HAPs in military and naval forces. For the remote sensing purpose, HAPs have an important advantage of low orbits and longer timespans over satellites. This has favored HAPs to permit better resolution images on account of being comparatively closer to the covered areas. High penetration of UAV aircraft coupled with strong spending on other LTA systems are identified as the prime factors responsible for surging growth of high altitude platform industry.

As per reports, U.S. is anticipated to be a major region dominating the regional high altitude market landscape. Also, considering the worldwide demand for HAPs, Asia Pacific is projected to be another lucrative growth ground for HAP market expansion. The rising adoption of the technology, especially in the emerging countries of South-east Asia, for telecommunication and remote sensing purpose, is expected to drive the APAC industry demand. The region is further expected to observe strong foothold in the global high altitude platform industry, owing to the rapid involvement of regional governments in tackling foreign & internal conflicts, smuggling, and terrorist activities.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope

1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary

2.1. HAP industry 3600 synopses, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Application trends
2.1.4. End-user trends

Chapter 3. HAP Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. High Altitude Platforms Mobile Robotic Telesurgery (HAPsMRT)
3.4.2. Stratospheric aerostats and telecommunication platforms
3.4.3. Broadband Communications via HAPs
3.5. Regulatory landscape
3.5.1. Military standards
3.5.2. Privacy issues
3.5.3. Radio regulations by International Telecommunication Union
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. High penetration of the internet and wireless technology in Asia Pacific
3.6.1.2. Increase in defense and public safety spending in the U.S
3.6.1.3. Demand for in-flight passenger connectivity in the Asia Pacific and Europe
3.6.1.4. Operational advantages over terrestrial and satellite systems in the U.S, Europe, and Asia Pacific
3.6.1.5. High focus on solar powered technology in North America and Europe
3.6.2. Industry pitfalls & challenges
3.6.2.1. High manufacturing and maintenance costs
3.7. Growth Potential Analysis
3.8. Porter's analysis
3.9. Competitive landscape and strategic dashboard
3.9.1. Investment landscape
3.9.1.1. Google
3.9.1.2. Facebook
3.9.1.3. Integrated Sensor is Structure high altitude program
3.9.1.4. Joint Land-Attack Cruise Missile Elevated Netted Sensor system (JLENS)
3.9.1.5. Stratolaunch Aircraft Project
3.10. PESTEL analysis

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Interestingly, telecommunications and wireless networks are not the only thriving application segments of high altitude platform market. Analysts deemed that surveillance application of HAPs dominated the business sphere, on account of its rising demand from the military and public safety sectors. The profound significance that these high altitude platforms hold in identification of criminals, terrorist attacks, and tracking activities have remarkably uplifted the demand of HAPs in surveillance applications.

The recent instance of the sniper attack in the Las Vegas accounted for more than 59 deaths and 527 injuries, which has drastically impacted the business operations of HAP market. It is noteworthy to mention that, such situations demand strong surveillance, wherein the HAP plays an important role in providing clear and concise images of objects from distance. In this scenario, several governments of countries including U.S., UK, and India have initiated grants for companies operating in the high altitude platform industry to enhance the research and development of these platforms for defense purposes.

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