Press release
High Altitude Platforms Market to Reach US$ 5.2 Bn by 2022
High Altitude Platforms Market to Reach US$ 5.2 Bn by 2022According to a new market research report published by Credence Research “High Altitude Platforms (HAPs) (Communication Systems, Surveillance Systems and Navigation Systems) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”
The global high altitude platforms market was valued at US$ 2,508.6 Mn in 2014 and is estimated to expand with a CAGR of 9.5% from 2015 to 2022.
Browse the full report (High Altitude Platforms (HAPs) Market - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022) at http://www.credenceresearch.com/report/high-altitude-platforms-haps-market
Market Insights
High altitude platforms (HAPs) are airborne stations that are placed at an altitude ranging more than 50,000 feet from the Earth’s surface. These platforms typically operate in stratosphere which is way higher than the altitudes at which commercial aircrafts fly. Prime purpose behind placing these platforms in high altitude category is availability of larger coverage areas coupled with suitable wind speeds available at this altitude. The platforms are equipped with different payloads depending upon the desired application. These systems are also referred to as cheaper alternatives to satellites.
Based upon the product types, the market is segmented into airships, tethered aerostat systems and unmanned aerial vehicles (UAVs). Currently, UAVs segment accounts for the largest share, in terms of revenue, of the global HAPs market. Nevertheless, due to their extremely high costs and relatively lesser flight hours, most of the countries worldwide are now moving towards airships and tethered aerostat systems.
These platforms are capable of staying aloft for several days with minimal maintenance required. Also, these systems are capable of carrying payloads weighing up to 2.5 tons. Airships also offer provision of mobility which makes its suitable for covering larger coverage areas. Thus, in the coming years, airships and aerostat systems segments are expected to expand substantially in the global market.
For More Reports To similar category @ http://www.credenceresearch.com/industry/aerospace-and-defense-market
Competitive Insights:
The global high altitude platforms market is quite fragmented in nature with very few companies operating across all the three segments viz. airships, aerostat systems and UAVs. Nevertheless, the markets for individual products are competitive in nature with most of the players focusing on the betterment of their product portfolios. Most of the HAPs companies are located in the U.S., Israel and China. These companies primarily focus on acquiring contracts from the U.S. and China defense sectors which are among the largest consumers of HAPs worldwide.
Key Trends:
Adoption of tethered aerostat systems for delivering wireless communication services
Development of high altitude UAVs with longer flight hours
Focus on acquiring international customers for HAPs
Development of solar-powered HAPs
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release High Altitude Platforms Market to Reach US$ 5.2 Bn by 2022 here
News-ID: 336203 • Views: …
More Releases from Credence Research Inc
Digital Printing Packaging Market Projected to Hit USD 61159.2 Million by 2032, …
Market Outlook
The Digital Printing Packaging Market is set for strong growth as brands move toward fast, flexible, and high-impact packaging formats. The market reached USD 29,375 million in 2024 and is projected to hit USD 61,159.2 million by 2032 at a CAGR of 9.6%. Demand increases as food, beverage, cosmetics, and pharmaceutical brands adopt short-run printing, rapid customization, and variable data printing to improve shelf appeal and customer engagement. Companies…
Robotics Kinematics & Control ASIC Market Projected to Hit USD 55,878.90 Million …
Market Outlook
The Robotics Kinematics & Control ASIC Market is poised for significant growth, with a market size valued at USD 17,069.05 million in 2024. This growth trajectory is fueled by the increasing demand for advanced robotics solutions across various industries, including manufacturing, healthcare, automotive, and logistics. Robotics kinematics and control ASICs (Application-Specific Integrated Circuits) are essential for improving the efficiency, precision, and speed of robotic systems, driving their widespread adoption.…
Global Tire Air Gauge Market to Reach USD 1,837.5 million by 2032 at 3.59% CAGR …
Market Overview
The Global Tire Air Gauge Market size was valued at USD W million in 2018, USD 1,388.4 million in 2024, and is anticipated to reach USD 1,837.5 million by 2032, at a CAGR of 3.59% during the forecast period. This steady growth reflects rising attention to vehicle safety, better tire-pressure monitoring practices, and expanding automotive maintenance demand across consumer and commercial segments.
Growing focus on safer driving, improved fuel efficiency,…
Automated E Commerce Packaging Market Projected to Hit USD 1671.2 Million by 203 …
Market Outlook
The Automated E-Commerce Packaging Market is set for steady expansion as online retail activity grows and brands seek faster fulfillment. The market reached USD 590 million in 2024 and is expected to reach USD 1,671.2 million by 2032, posting a 13.9% CAGR. Growth accelerates as retailers automate packing lines to reduce labor strain, limit material waste, and manage seasonal order peaks. Demand strengthens in apparel, electronics, and fast-moving consumer…
More Releases for HAPs
High-altitude Pseudo Satellites (HAPS) Market to Witness Stunning Growth with CA …
The "Global High-altitude Pseudo Satellites (HAPS)" intelligence report, just published by USD Analytics, covers insurers' micro-level study of important market niches, product offers, and sales channels. To determine market size, potential, growth trends, and competitive environment, Global High-altitude Pseudo Satellites (HAPS) provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the…
picoNETS Joins the HAPS Alliance
picoNETS, a Deep Edge CDN for last mile QoE enhancement and data traffic savings, today announced that it has joined the HAPS Alliance, a non-profit association dedicated to building a high altitude platform stations (HAPS) ecosystem that brings digital connectivity to everyone, everywhere.
As a member of the HAPS Alliance, picoNETS will collaborate with world-leading telecommunications, technology, aviation, and aerospace companies to accelerate commercial adoption, advocate for safety and regulatory standards,…
High-Altitude Pseudo Satellites (HAPS) Market to See Massive Growth by 2029
High-Altitude Pseudo Satellites (HAPS) Market was valued at USD 542.8 million in 2022 and is expected to grow at a CAGR of 8% between 2023 and 2029. High-Altitude Pseudo Satellites (HAPS) Market research involves carrying out thorough research on market to help newly emerging players in making calculated decision regarding which business ideas to follow. It is carried out to assess the viability of novel product or service. There are…
High-Altitude Pseudo Satellites (HAPS) Market Key Players, Latest Trends and Gro …
Global "High-Altitude Pseudo Satellites (HAPS) Market" 2022 Reports give a Key study on the industry status of the High-Altitude Pseudo Satellites (HAPS) Market Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the…
Know How High-Altitude Pseudo Satellites (HAPS) Market is rising globally by 202 …
High-Altitude Pseudo Satellites (HAPS) Market Trends Overview 2022-2027:
The High-Altitude Pseudo Satellites (HAPS) Market report provides information about the Global industry, including valuable facts and figures. This research study explores the Global Market in detail such as industry chain structures, raw material suppliers, with manufacturing The High-Altitude Pseudo Satellites (HAPS) Sales market examines the primary segments of the scale of the market. This intelligent study provides historical data from 2015 alongside…
High-Altitude Pseudo Satellites (HAPS) Market Overview by 2025: QY Research
Global High-Altitude Pseudo Satellites (HAPS) Market Overview:
The latest report published by QY Research demonstrates that the global High-Altitude Pseudo Satellites (HAPS) market will showcase a steady CAGR in the coming years. The research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities. It addresses the lucrative investment options for the players in the coming years. Analysts have offered market estimates at a global and a regional level.…
