Market overview:

High altitude pseudo-satellite (HAPS) is a kind of aircraft that is located at a height higher than 20 km for long-term flights in the stratosphere. HAPS offers various benefits and complementary applications at a relatively less price compared to satellites, terrestrial infrastructure and aircraft remote control systems.

Recent developments:

In October 2015, Neah Power System developed Formira Hydro-On-Demand technology that synthesizes hydrogen from liquid formic acid.

In October 2017, Loon Project balloon was distributed to provide data services to people affected by a hurricane in Puerto Rico.

Zephyr, the first-ever drone to fly in the stratosphere, is operated using solar energy providing services to typical weather and air traffic with the aid of sun rays.

Market Drivers and Restraints:

The high-altitude pseudo-satellite (HAPS) market offers the same beneficial propagation capabilities like the ability to deliver potentially profitable broadband services, and can also be used as an alternative infrastructure for long-term broadband access for users fixed or mobile. The high-altitude pseudo-satellite market has attracted considerable attention in the last two decades due to the possibility of taking advantage of the best aspects of terrestrial and satellite systems. The high-altitude pseudo satellite market has low manufacturing and operating costs, but the efficiency of these platforms is limited by durability. This dramatically increases R&D investments in the development of robust battery systems and high-density solar panels to improve the sustainability of the HAPS platform, making it more suitable for user adoption by telecommunications service providers and emergencies.

But factors such as the complexity of data management and spectrum management problems are hampering the High-altitude pseudo-satellite (HAPS) market.

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Report Segmented as:

Based on technologies, the global market is divided into balloons, airships and UAV. The ballon was the dominant technology in the global High-altitude pseudo-satellite market in 2018 due to its high durability. The market share of this sector will continue to dominate the business for the next five years.

Geographical Segmentation:

The adoption of High-altitude pseudo-satellite (HAPS) market is quite high in developing countries in the Asia-Pacific and European regions because there is no significant infrastructure to guarantee communication services in remote areas. The High-altitude pseudo-satellite platform is an essential tool for SAR missions (search and rescue), disaster relief, environmental monitoring and precision agriculture. The United States will remain a market leader for the next five years in this market. The Asia Pacific region has the smallest market share in 2018 but is expected to have the highest growth rate during the forecast period.

Key market players:

The main market players in the High-altitude pseudo-satellite (HAPS) market are Prismatic Ltd., Airbus SE, Thales Group, AeroVironment Inc and Loon LLC (Alphabet Inc.).

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