High Altitude Platform Market Size
High Altitude Platform Market size was valued over USD 1 billion in 2016 and is expected to grow at more than 5% CAGR during the forecast period of 2017 to 2024.
Hello, You know what is fueling the market for these advanced aerial platforms? It’s the significant rise in defense expenditure globally. Nations are shelling out large amounts of money to purchase drones and other cool spy gadgets to make their citizens secure. Why the expenditure? Well, with terrorist attacks and illicit acts becoming more prevalent, governments are pressed to ensure the safety of their citizens. Just consider the 2017 Las Vegas shooting – it was a huge wake-up call. Things like that put everyone on their toes, and companies are also suffering from it. But there’s the silver lining. These platforms remain aloft for hours and can capture crystal-clear images, and this is beneficial to governments because they can monitor things. That’s why governments such as India, the UK, and the US are investing in companies that produce these platforms. For instance, France handed a lot of money to Thales Alenia Space to enable them to develop a new prototype platform known as the Stratobus. So, yes, the need for such platforms is taking off, and governments are chipping in to assist the sector.
Picture Asia Pacific as a hub of thriving industries, with China and India at the forefront. These countries have become magnets for companies seeking to outsource operations since they provide a huge reservoir of skilled and cheap labor, as well as plenty of raw materials. But there’s a catchthese outsourced operations are dependent on the internet to reach clients and keep up with developments. That’s why there is a massive market for high-altitude platform (HAP) vehicles, which run on solar power rather than conventional fuels. HAP vehicles are huge floating umbrellas that project internet access down to us from far up in the air. They’re a green alternative that can help us wean ourselves off gas guzzlers. And because they can span a large geographic region, they’re ideal for networking companies and their far-apart units. In the long term, HAP vehicles are set to contribute significantly to the expansion of the HAP market. They’re a savvy and eco-friendly means of satisfying the communications needs of our rapidly interconnected world.
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High Altitude Platform (HAP) Market Report Attributes
Report Attribute Details
Base Year 2016
High Altitude Platform (HAP) Market Size in 2016 1 Billion (USD)
Forecast Period 2017 to 2024
Forecast Period 2017 to 2024 CAGR 5%
2024 Value Projection 1.5 Billion (USD)
Historical Data for 2013 to 2016
No. of Pages 148
Tables, Charts & Figures 189
Segments covered Product, Application, End-use and Region
Growth Drivers
High penetration of the internet and wireless technology across Asia Pacific
Rise in defense and public safety expenditure in the U.S
Demand for in-flight passenger connectivity across Asia Pacific and Europe
Operational benefits over ground and satellite systems in the U.S Europe and Asia Pacific
High emphasis on solar powered technology across North America and Europe
Pitfalls & Challenges
High cost of manufacturing and maintenance
What are the growth opportunities in this market?
These technologies are expensive to develop, with a high initial expenditure on the production and ongoing recurrent costs on the maintenance, constituting a setback to the high altitude platform industry growth. Heavy exposure to wind speed of over 95 mph may lead to huge damage on the technologies. Developing these technologies necessitates highly qualified personnel who have specialized education in the development and the upkeep of these systems.
High Altitude Platform Market Analysis
Solar-powered technologies are the latest trend and are the key driver of the UAV market. The systems have the ability to offer tremendous savings in the form of fuel expenses and can lower the CO2 emissions.
Tethered aerostat systems are expected to have the maximum high altitude platform market share based on its enormous number of applications like surveillance, information collection, environmental studies, disaster management, etc. The United Coast Guard and Customs Service was experiencing critical problems with regard to cross border drug smuggling on the Southern borders. In order to counter this threat, TCOM L.P was contracted to develop their 71M aerostats with sophisticated radar payloads and be able to provide persistent long-range surveillance.
Surveillance usage leads the market for high altitude platforms due to military and public safety uptake. Airships and UAVs enable the identification and detection of criminals using sophisticated aerial imaging and video analytic systems to compare facial patterns of the criminals with the databases. The platforms can have payloads up to over three tons and cover extremely vast areas.
High altitude platform market will see the segment of communication growing because of projects replicated by the leading IT corporations like Google and Facebook. Google has initiated many projects like Skybender and Loon to provide internet connectivity to remote and underserved areas displaced around the globe. Wireless communication technology will see enormous growth to a dramatic rise in the use of smartphone and portable devices, making HAP stations indispensable in the long run.
Development of LTA technology has helped improve the military use of the high altitude platform market. The abilities of these platforms are not used for just surveillance. The platform can hold massive payloads and applied to transportation, including armament and weapons, transportation. A new stratospheric airship filled with helium was tested in 2015 by China under the name Yuanmeng. The Beijing Aerospace Technology Company-made system has 48-hour operation capability continuously.
The telecommunication industry in the HAP market is anticipated to exhibit significant growth in the forecast period. Medical companies are investing heavily in R&D for the establishment of telecommunication and navigation services. HAPs employed in telesurgery deliver medical assistance to areas that lack direct access to medical professionals and are extremely useful in raising the life expectancy of the rural community and soldiers and military personnel placed in remote areas.
As far as high-altitude platforms are concerned, the United States is likely to take the lead, with the Asia-Pacific region also witnessing a surge in their usage for communication as well as commercial purposes. The military is the biggest source of this growth, especially in Asia, where they are spending billions in these technologies. At the moment, governments are piloting systems such as drones to test their performance. If they are successful, we might see a massive expansion of their use in the future. In the US, the government is reducing its engagement in overseas conflicts and concentrating on domestic and regional security. This is generating a huge demand for aerospace and defense technologies for homeland protection and border patrolling.
The South-East Asian countries’ economic boom is driving the HAP market’s high growth. Outsourcing of different business activities necessitates constant connectivity to the internet and other communications infrastructure. Interruption in connectivity can lead to huge financial loses for local players. Furthermore, the consumers in the region are also looking for high speed broadband services and wireless connectivity which at lower rates.
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High Altitude Platform Market Share
The vendors in the high altitude platform market include
- Aerostar International, Inc
- Avealto Ltd
- TCOM L.P
- Israel Aerospace Industries Ltd
- Lindstrand Technologies Ltd
- Raytheon Company
- Thales Group
- Airbus SE
- Lockheed Martin Corporation
- Rafael Advanced Defense Systems Ltd
A prominent strategy amongst the HAP market players is entering into partnerships with other players. For instance, the company had entered in to a partnership with Lockheed Martin for the launch of UAS products such as the Global Observer. AeroVironment, Inc. acquired a contract of USD 2.5 million contract for the continuation and expansion of their Blackwing UAS Program which are anticipated to be delivered by May 2018 to the U.S. Army.
