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Global High-altitude Pseudo Satellites (HAPS) Market Expected To Grow At CAGR Of 14.09% during the period 2017-2021

Press Release   •   Aug 02, 2017 05:56 EDT

About High-altitude Pseudo Satellites (HAPS)

HAPS or high-altitude pseudo satellites are defined as aerial platforms that operate at altitudes ranging between 12 miles and 31 miles, at a specified, nominal, and fixed point relative to the Earth. Mostly, the conceptual design of HAPS envisages the use of unmanned and autonomous platforms, like airships, balloons, or fixed-wing aircraft or unmanned aerial vehicles (UAVs). Most developing agencies are considering the use of solar cells to mitigate endurance-related issues with conventional battery-powered engines.

Technavios analysts forecast the global high-altitude pseudo satellites market to grow at a CAGR of 14.09% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global high-altitude pseudo satellites market for 2017-2021. To calculate the market size, the report considers the funds received from both private and government agencies for the development and procurement of HAPS platforms.
The market is divided into the following segments based on geography:




Technavio's report, Global High-altitude Pseudo Satellites (HAPS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors




Lockheed Martin

Tao Group



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Market driver

Lower altitude helps in reducing telecommunication link budget

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Market challenge

Complexity in data management and spectrum management issues

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Market trend

Increasing use of advanced materials

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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