The high altitude platform market is likely to witness remarkable growth owing to its growing use in whether/environment monitoring. HAPs provide an effective solution to the challenges consumers faced earlier with terrestrial towers and conventional satellites. These platforms are relatively affordable and can be operated over long distances and water bodies.
High altitude aeronautical platforms offer faster convergence routes for communication and broadcasting services owing to its close proximity presence near the earth's lower atmospheric layers. Due to its diverse military application, countries are heavily adopting HAPs to enhance public safety and national security. Highlighting an instance, India expanded its military budget by 6% to improve its national security.
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Since the last few years, the U.S. Ministry of Defense has changed its perspective toward advancements in the defense sector. Recently, the U.S. Army Space and Missile Defense Command (SMDC) signed an agreement with Pentagon organizations to develop solar powered sensor platforms. This advancement validates the developments spanning the manufacturing and commercialization of drones, satellites, and UAVs, that would certainly have a positive impact on U.S. industry share. in addition, the deployment of solar powered sensor platforms is likely to benefit the U.S. army with regards to intelligence improvement and surveillance capability enhancement. Statistically, it has been observed that the growing implementation of autonomous vehicles for surveillance applications led to high altitude platform market crossing the billion-dollar frontier in 2016.
In a recent development witnessed across high altitude platform market, the subsidiary of the Airbus Group, Airbus Defence and Space has designed an innovative solar-powered aircraft - Zephyr. This high-altitude pseudo satellite has been endowed to provide satellite-like Earth observation and communication services with minimum costs, as it can move in an orbit in the Earth’s stratosphere beyond the line of sight. Pertaining to the capability of this product to capture real time video and images in practically all the weather conditions, it has been predicted that it would be extensively used for civil, security, and military applications. This benchmark set by the Airbus Group will impact positively on UK’s investigation, surveillance, and intelligence capability, which will favorably boost Europe market size. Apart from UK, Germany has also taken initiatives to develop UAVs, which is a marked improvement for the country, given that it had been leasing drones from Israel for surveillance purposes earlier.
Speaking along similar lines, the Federal Government of Germany is looking forward to becoming a global technological leader with regards to innovations in safe, clean, and competitive air transport system manufacturing. The German government has framed aviation strategies to encourage high altitude platform for industry participants to carry out significant research and development activities, as many prime parts suppliers have their bases established in Germany. Alongside, there have been ongoing advancements in the technology sector of the country to improve the production and maintenance of unmanned systems for defense and commercial purposes, which would certainly propel Germany high altitude platform market over the years ahead.
In order to improve their respective defense industries, many countries have lately been signing intergovernmental deals. For instance, recently, India and Israel have signed an agreement to manufacture short range missiles under the Make in India policy. Under this deal, Israel Aerospace Industries will be collaborating with the Indian Defense Research & Development Organization to work on a project related to the production of various radar systems, aircrafts, and UAVs. This defensive strategy of the Indian government to invest in UAVs and other related technologies such as RADAR will apparently help the country combat terrorism, while simultaneously impelling the regional high altitude platform market share.
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Rampant growth of the commercial and industrial sectors owing to high abundance and low cost of skilled labour and raw materials could broaden the industry horizon for HAP satellite manufacturers across APAC. Multinational companies are outsourcing their operation to Asian companies. Outsourcing usually requires high-speed broadband communication services to operate effectively. Growing adoption of day-to-day operations like online payments, e-learning, and gaming could drive the demand for high-speed internet connections through HAP satellites.
The high altitude platform market is currently in its nascent stage, but the industry is predicted to register noteworthy growth over the forecast timeframe. Prominent industry players like ILC Dover L.P., Elektra Solar GmbH, Airbus SE, Aerostar International, Lockheed Martin Corporation and AeroVironment are focusing on implementing various business strategies like product innovation and commercialization, partnership and acquisition to gain a competitive edge. Companies like AeroVironment are constantly bringing new innovations like the Mars Ingenuity helicopter and the Sunglider solar-powered high altitude platform station to enhance their consumer base.
Major Key Points from Table of Content:
Chapter 5. High Altitude Platform Market, By Application
5.1. High altitude platform market share, by application, 2016 & 2024
5.2.1. Market estimates and forecasts, 2013 – 2024
5.3. Navigation and remote sensing
5.3.1. Market estimates and forecasts, 2013 - 2024
5.4.1. Market estimates and forecasts, 2013 - 2024
5.5. EO/IR system
5.5.1. Market estimates and forecasts, 2013 – 2024
Chapter 6. High Altitude Platform Market, By End-user
6.1. Market share, by end-user, 2016 & 2024
6.2. Government & defense
6.2.1. Market estimates and forecasts, 2013 - 2024
6.3.1. Market estimates and forecasts, 2013 - 2024
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