Press release
Rise in HAP-based Wireless Communication Services to Spur High Altitude Platforms Market Growth to US$4.77 bn by 2023
High altitude platforms (HAPs) are objects stationed at a height of more than 50,000 feet from Earth’s surface. HAPs are commonly deployed in the stratospheric layer, far higher than the altitude at which commercial aircraft operate. Thus, HAPs are capable of covering large surface areas and can be used for maritime and land-based applications. These platforms are used for various applications, such as communication systems, persistent surveillance, and navigation.Apart from these, HAPs are also used for applications such as aerial imaging, environmental monitoring, and Internet services. HAPs are often referred to as alternatives to satellite systems due to their capacity of fulfilling similar purposes.
The most significant factor augmenting the HAP market’s growth is their competitive advantage over satellite systems. HAPs require much lower expenses for system deployment and operation than satellite systems. Additionally, the payloads attached to HAPs are also compatible with the existing infrastructure, which makes them preferable to satellite systems.
Obtain Report Details @
https://www.transparencymarketresearch.com/high-altitude-platforms-technologies.html
The market for HAPs is also driven by the growing penetration of Internet services worldwide. HAPs are increasingly being used to deliver wireless Internet services, which are further expected to witness substantial growth in the coming years. One of the most prominent instances is Project Loon by Google, Inc., which aims to provide Internet services through aerostat systems (balloons) deployed in the stratosphere.
Nevertheless, the HAPs market faces some of the challenges related to the costs and operational difficulties. Although much less so than the market for satellite systems, the market for HAPs is significantly hampered by the high initial and operating costs of UAV aircraft. This makes these systems inaccessible to countries with low defense budgets. Furthermore, aerostat systems and airships pose operational challenges such as extremely slow deployment, difficult handling, and restriction on payload weight.
The global HAPs market is segmented into type of platforms, payload, application, and geographic regions. On the basis of platform type, the market is segmented into airships, UAV aircraft, and tethered aerostat systems. In 2014, the UAV aircraft segment accounted for the largest share, in terms of revenue, of the global HAPs market. This was due to high cost of the aircraft (resulting in higher revenue per unit) coupled with strong adoption from countries such as the U.S., China, Russia, and France.
Request Sample @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1282
However, the tethered aerostat systems segment is estimated to witness high demand during the forecast period because of advantages that include low costs, easy upgrading, and low maintenance offered by these platforms over UAV aircrafts. On the basis of payloads, the global HAPs market is segmented into communication, surveillance systems, EO/IR systems, and navigation. The global market for HAPs was dominated by the communication segment in 2014. Communication is the most integral payload, making it the largest segment globally.
In 2014, North America accounted for the largest share, of over 31%, in terms of revenue, of the global HAPs market. This is due to the high penetration of UAV aircraft in the region. However, the global HAPs market is estimated to witness the highest growth in Asia Pacific during the forecast period. This is due to the rapidly increasing adoption of UAV aircrafts and aerostat systems in China, India, South Korea, and Southeast Asia.
Manufacturers in the global high altitude platforms market include TCOM L.P., Lockheed Martin Corporation, Raytheon Company, Aerostar International, Inc. (Raven Industries, Inc.), Lindstrand Technologies Ltd., ILC Dover LP., Israel Aviation Industries Ltd., AeroVironment, Inc., Worldwide Aeros Corporation, and Rafael Advanced Defense Systems Ltd.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Rise in HAP-based Wireless Communication Services to Spur High Altitude Platforms Market Growth to US$4.77 bn by 2023 here
News-ID: 839466 • Views: …
More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…

Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…

Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…

Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for HAP
Global High Altitude Platform HAP Market Size by Application, Type, and Geograph …
USA, New Jersey- According to Market Research Intellect, the global High Altitude Platform HAP market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for high altitude platforms (HAPs) is expanding quickly due to the growing need for flexible and affordable solutions in environmental monitoring,…
Global High Altitude Platform HAP Market Size by Application, Type, and Geograph …
USA, New Jersey- According to Market Research Intellect, the global High Altitude Platform HAP market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
Due to the growing need for adaptable and affordable substitutes for conventional satellite systems for environmental monitoring, communication, and surveillance, the high altitude…
Global High Altitude Platform HAP Market Research Report 2023-2029
HAP are aircraft (airplanes, balloons, or similar platforms) which operate in the high atmosphere in order to provide with high availability and proximity services such as Earth Observation and telecommunications.
Global High Altitude Platform HAP Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively…
Hydroxyapatite Hap Market Trends 2021 | Segmentation, Outlook, Industry Report t …
The Hydroxyapatite Hap Market size is expected to grow at an annual average of 5% during 2021-2027. Hydroxyapatite (HA) is a major component of normal bone and teeth already used as a coating for orthopedic implants to anchor and promote bone growth. Growing demand for dental and orthopedic implants along with growing popularity of bioactive materials and strong investment in R&D activities to expand the application of hydroxyapatite are expected…
Hydroxyapatite (HAp) Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Hydroxyapatite (HAp) analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Hydroxyapatite (HAp) 2020-2025” Research Report categorizes the global Hydroxyapatite (HAp) by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities…
Global Hospital-acquired Pneumonia (HAP) Drugs Market Outlook 2017-2021
The study of Hospital-acquired Pneumonia (HAP) Drugs Market in UK 2017-2021 industry is very important to enhance business productivity and for the study of market forecast. This New Report presented by Orbis Reseach contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Hospital-acquired Pneumonia (HAP) Drugs is a type of pneumonia that is caused after 48 hours of hospitalization. HAP is one of…