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The High Altitude Long Endurance (Pseudo Satellite) Industry is anticipated to surpass a valuation of USD 23 billion, registering a CAGR of 9% during the forecast period (2016-2022). High altitude long endurance is an airborne vehicle which can perform a large survey of geographic areas and provide real-time information concerning surveillance, military, defense, and other civilian tasks.
Market Potential and Pitfalls
The high altitude long endurance market will expand at breakneck speed, mainly due to the increased demand for surveillance needed on the borders. The high installation and operation cost of geostationary satellites is creating opportunities for the market across the globe. High altitude long endurance satellite is specifically designed to operate at very high altitude. It can reach up to 65,000 ft. from the surface of the earth. Such benefits offered by HALE has resulted in its increased adoption in the military, aerospace & defense, communication, and surveillance applications. It also offers enhanced configuration and improved network flexibility owing to the provision of deployment and flight control in compliance with changing communication demands. The cost-benefits and performance of HALE over geostationary satellites will drive the market in the foreseeable future.
HAPS is positioned in the stratosphere for long-duration flights. They can offer several benefits over terrestrial infrastructures, satellites, and Remotely Piloted Aircraft Systems, at low cost. Surging demand for wireless services and high-capacity bandwidth, lower stationary altitude, and rising use of advanced materials are some of the factors dictating the growth trajectory of the market. The accelerating demand for wireless services and high-capacity bandwidth among telecommunication operators has resulted in an increased investment towards modern HAPS technologies.
On the contrary, air traffic regulations and variable climate and weather conditions are the key roadblocks to the market growth.
The High Altitude Long Endurance (Pseudo Satellite) Industry is segmented on the basis of application and energy source.
By application, the High Altitude Long Endurance (Pseudo Satellite) Industry is segmented into surveillance, military, civil, communications, and others. Among these, surveillance and communication applications are expected to expand at the fastest CAGR.
Based on energy source, the market includes lithium-ion batteries, solar cell, fuel gas, and hydrogen & helium. Among these, the lithium-ion battery is anticipated to expand at 11% CAGR by the end of 2022.
The top players dominating the global High Altitude Long Endurance (Pseudo Satellite) Industry are Lockheed Martin, Airbus SAS, BOSH global services, Boeing, SZDJI Technology Co. Ltd., Northrop Grumman Corporation, Hawkeye systems Ltd., Parrot SA, AeroVironment, IAI Ltd., and others.
Geographically, the High Altitude Long Endurance (Pseudo Satellite) Industry spans across the Asia Pacific, North America, Europe, and the Middle East & Africa.
Considering the global scenario, Asia Pacific is expanding at the fastest rate and is estimated to register high growth rate in the foreseeable future. The growth is attributed to the surging adoption of technology, coupled with initiatives undertaken by the governments to augment domestic production and manufacturing of defense & military equipment. North America is a prominent region due to the presence of a robust and mature infrastructure of the aerospace industry. Europe, on the other hand, bags the second spot in terms of revenue generation.
Market Research Analysis:
Regional analysis for global High Altitude Long Endurance (Pseudo Satellite) Industry is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in global High Altitude Long Endurance (Pseudo Satellite) Industry. It has world leading High altitude long endurance (Pseudo Satellite) capability based on robust and improved advanced infrastructure. The High Altitude Long Endurance (Pseudo Satellite) Industry has vast scope in the region due to the presence of major aerospace & defence industries in the region. Europe is expected to be the second highest market in terms of revenue generation. Whereas, Asia-Pacific is expected to witness high growth in the forecast period and projected to grow with approximately 11% CAGR during the forecast period. Technological and industrial growth in Asian countries, such as China and Japan, is giving boost to the High Altitude Long Endurance (Pseudo Satellite) Industry in the coming years.
May 2019: AeroVironment has completed its first-ever HAWK30 high-altitude pseudo-satellite. With its joint venture with SoftBank, a Japanese telecommunications firm, the company is constructing the solar-powered flying wing for HAPSMobile.
February 2019: National mapping agency of Great Britain along with Ordnance Survey has recently declared to launch a solar-powered drone, which can fly at high altitude to complement the existing mapping systems. The project termed Astigan will provide a faster and higher quality of images of Earth from a height of 67,000 ft.
LIST OF TABLES
TABLE 1 GLOBAL HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) INDUSTRY, BY APPLICATION, 2016-2022 (USD BILLION) 17
TABLE 2 GLOBAL MILITARY APPLICATION MARKET IN HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE), 2016-2022 (USD BILLION) 18
TABLE 3 GLOBAL SURVEILLANCE APPLICATION MARKET IN HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE), 2016 - 2022 (USD BILLION) 19
TABLE 4 GLOBAL CIVIL APPLICATION IN HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) MAREKT, 2016 - 2022 (USD BILLION) 20
TABLE 5 GLOBAL COMMUNICATION APPLICATION MARKET IN HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE), 2016 - 2022 (USD BILLION) 21
LIST OF FIGURES
FIGURE 1 GLOBAL HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) INDUSTRY: DRIVERS & CHALLENGES 11
FIGURE 2 GLOBAL HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) VALUE CHAIN ANALYSIS 14
FIGURE 3 GLOBAL HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) INDUSTRY: PORTER’S FIVE FORCES ANALYSIS 15
FIGURE 4 GLOBAL HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE) INDUSTRY, BY APPLICATION, 2016 & 2022 (USD BILLION) 17
FIGURE 5 GLOBAL MILITARY APPLICATION MARKET IN HIGH ALTITUDE LONG ENDURANCE (PSEUDO SATELLITE), 2016 & 2022 (%) 18
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