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. According to the estimates provided high altitude platform industry 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.
Speaking of the prominent companies expanding their reach in the high altitude platform industry, the social media giant Facebook and leading aerospace manufacturer Airbus are teaming up to develop their separate solar powered unmanned airships. As per reports, these systems are designed to fly above the height of 70,000 feet to provide the broadband internet service in the remote areas.
Another recent development witnessed across high altitude platform market is of Google, who has successfully launched HAP projects such as Loom and Skybender to beam internet services to the underserved and rural location across the globe.
These instances clearly validate the recent developments spanning the installations and commercialization of UAVs, satellites, and drones, that, in turn, is certain to boost the revenue stream of overall high altitude platform industry.
Top Key Player Are:
- Aerostar International Inc.
- AeroVironment Inc.
- Airbus SE
- Avealto Ltd.
- Elektra Solar GmbH
- ILC Dover L.P.
- Israel Aerospace Industries Ltd.
- Lindstrand Technologies Ltd.
- Lockheed Martin Corporation
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- TCOM L.P.
- Thales Group
- Worldwide Aeros Corporation
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 High altitude platform 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.
List of Charts & Figures from High Altitude Platform Market Report:
FIG. 1 Industry segmentation
FIG. 2 Global HAP market, 2012- 2024 (USD Million)
FIG. 3 Industry ecosystem analysis
FIG. 4 Internet users by percent of the population, 2016
FIG. 5 Military expenditure by percent of GDP, U.S, 2010-2016
FIG. 6 Growth potential analysis
FIG. 7 Porter’s analysis
FIG. 8 Competitive landscape
FIG. 9 PESTEL analysis
FIG. 10 HAP market share, by product, 2016 & 2024
FIG. 11 HAP market share, by application, 2016 & 2024
FIG. 12 HAP market share, by end-user, 2016 & 2024
FIG. 13 HAP market share by region, 2016 & 2024
FIG. 14 SWOT Analysis, Aerostar International
FIG. 15 AeroVironment, Inc., Net sales by segment (USD Million)
FIG. 16 SWOT Analysis, AeroVironment, Inc.
FIG. 17 Airbus SE, Revenue by region, 2016
FIG. 18 SWOT Analysis, Airbus SE
FIG. 19 SWOT Analysis, Avealto Ltd.
FIG. 20 SWOT Analysis, Elektra Solar GmbH
FIG. 21 SWOT Analysis, ILC Dover L.P.
FIG. 22 SWOT Analysis, Israel Aerospace Industries Ltd.
FIG. 23 SWOT Analysis, Lindstrand Technologies Ltd.
FIG. 24 SWOT Analysis, Lockheed Martin Corporation
FIG. 25 SWOT Analysis, Rafael Advanced Defense Systems Ltd
FIG. 26 Raytheon segment revenue, 2016
FIG. 27 SWOT Analysis, Raytheon Company
FIG. 28 SWOT Analysis, TCOM L.P.
FIG. 29 SWOT Analysis, Thales Group
FIG. 30 SWOT Analysis, Worldwide Aeros Corporation
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