High Altitude Platform Market 2017 - 2024 Potential Opportunities By Top Players – AeroVironment, Airbus, IAI - Israel Aerospace Industries, Lockheed Martin, Rafael Advanced Defense Systems, Raytheon, Thales

A major factor contributing to the high demand in the High Altitude Platform Market are the operational advantages over coverage area, manufacturing and repair costs as compared to conventional communication systems such as satellites and communication towers

Rapid growth of the airline industry with long haul airplanes and large-scale globalization are leading to an increase in global passenger traffic with higher demand for in-flight services for entertainment and communication purposes.

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High growth in the telecommunications segment is due to the rising penetration of the internet and the increase in global smartphone usage. Provision of broadband services in rural locations is highly researched by companies such as Google through their various projects such as Skybender and Loon.

On an average, passenger and commercial airplanes are assigned a cruising altitude of over 39,000 ft. The development and commercialization of HAP technology can revolutionize the aviation and aerospace industry as HAPs are deployed above 60,000 ft., allowing continuous connectivity for on-board users and navigation to ground-based users

Solar-powered, efficient technologies are massively promoted by government bodies across the world owing to the rising pollution and depletion of natural fuel sources. Vendors operating in the global high altitude platform market are integrating photo-voltaic cell modules across the wingspan to decrease the reliance on fuel cells to generate power.

Key Market Competitors:
1. Aerostar International, Inc.
2. AeroVironment, Inc.
3. Airbus SE
4. Avealto Ltd.
5. Elektra Solar GmbH
6. ILC Dover L.P.
7. Israel Aerospace Industries Ltd.
8. Lindstrand Technologies Ltd.
9. Lockheed Martin Corporation
10. Rafael Advanced Defense Systems Ltd.
11. Raytheon Company
12. TCOM L.P.
13. Thales Group
14. Worldwide Aeros Corporation

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For instance, in May 2017, SolarStratos completed the testing of the prototype of the first commercial two-seater solar plane, Elektra-2. Following this, various other companies in the HAP market such as Airbus SE and AeroVironment, Inc. have increased their investment in the development of these technologies and developed and launched unmanned HAPs for various applications.

The surveillance segment dominates the high altitude platform market due to high adoption by military and naval forces in developed regions such as North America and Western Europe. This is primarily due to higher image clarity and data relay capabilities of these system as opposed to conventional surveillance systems.

The UAV market is anticipated to exhibit substantial growth during the forecast time-period. These operate at 54,000 feet for up to nine hours and are equipped with laser systems to target offense missiles and have large scale applications in environmental data collection and defense purposes.

The economic boom in the South-East Asian countries is contributing to the high growth of the HAP market. Outsourcing of various business operations requires continuous connection to the internet and other communication facilities. Disruption in connectivity can result in massive financial losses for regional players.

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Additionally, the consumers in the region are also seeking high speed broadband services and wireless connectivity which at lower rates. Rising instances of smuggling and terroristic activities across the world have led to government concern and strategies to tackle such issues. Various regions such as the Middle East and Africa are prime conflict locations that require advanced defense solutions such as manned and unmanned weaponized airships.

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