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High Altitude Pseudo Satellite Market by Platform (Airships, Balloons and UAVs), Application (Communication, Earth Observation & Remote Sensing, Others (ISR, Monitoring, Search and Rescue, Navigation)), End User and Region - Forecast to 2028

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    Report

  • 151 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 5899052

North America is Anticipated to Dominate the High Altitude Pseudo Satellite Market in 2023

The high-altitude pseudo satellite market is valued at USD 85 million in 2023 and is projected to reach USD 189 million by 2028, at a CAGR of 17.2% from 2023 to 2028. The demand for these satellites has witnessed significant demand as these systems meet a range of needs, including communication and connectivity to provide internet and communication services, Earth observation, including weather patterns, natural disasters, and environmental changes. These platforms provide cost-effective and flexible solutions for various industries and applications.

Airships platform to be the fastest growing segment for the High altitude pseudo satellite market during the forecast period.

Airships, categorized as High Altitude Pseudo Satellites within the Lighter Than Air (LTA) category, possess technology enabling them to manage their lateral trajectory. They have the capability to operate above or below the 60,000 ft flying altitude (FL600) to harness prevailing winds and maintain pressure equilibrium. Thales Alenia's Stratobus, based in France, provides an extended range of surveillance capabilities and the capacity to remain suspended over specific locations for extended periods, supporting intelligence, surveillance, and reconnaissance (ISR) operations, thereby enhancing the defense capabilities of the French military..

Other (ISR, Monitoring, Search and Rescue, Navigation) Application Segment To Grow At Highest CAGR of 22.1% during the forecast period.

Other segments of High-Altitude Pseudo Satellites (HAPS) offer a diverse range of applications that extend beyond merely delivering internet connectivity. They are increasingly finding utility in various sectors, including Intelligence, Surveillance, and Reconnaissance (ISR), monitoring, search and rescue, as well as navigation.

For example, the PHASA 35 HAPS developed by Prismatic Ltd (UK) serves as a consistent and stable platform suitable for tasks such as monitoring, maritime surveillance, agricultural monitoring, communication, and security applications. The ApusDuo HAPS, created by UAVOS Inc. (US), is well-suited for maritime surveillance, border patrol missions, communication services, and forest fire detection and monitoring..

Commercial end-user segment to have higher growth for the High altitude pseudo satellite market during the forecast period.

Based on end user, the market segmented into commercial, and government & defense. Commercial HAPS have a wide range of applications. They can be utilized for agricultural monitoring, which involves overseeing crops, soil conditions, and weather patterns across extensive farmlands. This collected data aids farmers in making well-informed decisions, allowing them to optimize their agricultural practices and consequently increase crop yields and resource efficiency. Additionally, HAPS contribute to the enhancement of GPS and navigation systems by improving the precision and dependability of signals. They are also valuable in the creation of high-resolution 3D maps for urban planning and infrastructure development.

North America is anticipated to dominate the High Altitude Pseudo Satellite market in 2023

The regional supremacy can be attributed to the presence of major companies, mainly situated in the United States. These industry leaders consistently channel investments into research and development to innovate and enhance technologies used in the High Altitude Pseudo Satellite market. Such advancements have resulted in cost reduction for satellite launches, making High Altitude Pseudo Satellites more economically viable. Consequently, the increased affordability and reliability of High Altitude Pseudo Satellites are pivotal factors propelling the growth of this market within the North American region.

Breakdown of primaries

The research incorporates input from a wide spectrum of industry professionals, encompassing component suppliers, Tier1 firms, and OEMs. The composition of the primary sources is outlined as follows:

  • By Company Type: Tier 1-35%; Tier 2-45%; and Tier 3-20%
  • By Designation: C Level-35%; Directors-25%; and Others-40%
  • By Region: North America-45%; Europe-15%; Asia Pacific-25%; and Rest of the World -15%

AeroVironment, Inc. (US), Prismatic Ltd. (UK), Airbus (France), Thales Group (France), and SoftBank Group Corp. (Japan) are some of the leading players operating in the High altitude pseudo satellite market.

Research Coverage

The study covers the high altitude pseudo satellite market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on platform, application, end user and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

 Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall high altitude pseudo satellite market and its subsegments. The report covers the entire ecosystem of the high altitude pseudo satellite industry. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers and several factors, such as Russia-Ukraine Conflict, defense expenditure, and others that could contribute to an increase in high altitude pseudo satellite market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the high altitude pseudo satellite market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the high altitude pseudo satellite market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in high altitude pseudo satellite market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like AeroVironment, Inc. (US), Prismatic Ltd. (UK), Airbus (France), Thales Group (France), SoftBank Group Corp. (Japan) in the High altitude pseudo satellite market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 High-Altitude Pseudo-Satellite Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 2 Research Process Flow
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Figure 4 Key Industry Insights
Figure 5 Breakdown of Primary Interviews
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.3 Supply-Side Indicators
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Market Size Estimation, by Platform
Figure 6 Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 7 Top-Down Approach
2.4 Data Triangulation
Figure 8 Data Triangulation
2.5 Research Assumptions
Figure 9 Research Assumptions
2.6 Research Limitations
2.7 Risk Assessment

3 Executive Summary
Figure 10 UAVs to Lead High-Altitude Pseudo-Satellite Market During Forecast Period
Figure 11 Earth Observation & Remote Sensing to Surpass Communication Segment During Forecast Period
Figure 12 Commercial Segment to Hold Largest Market Share in 2028

4 Premium Insights
4.1 Attractive Opportunities for Players in High-Altitude Pseudo-Satellite Market
Figure 13 Increased Government Funding for Intelligence, Surveillance, and Reconnaissance Capabilities
4.2 High-Altitude Pseudo-Satellite Market, by Platform
Figure 14 Airships to be Fastest-Growing Segment During Forecast Period
4.3 High-Altitude Pseudo-Satellite Market, by Application
Figure 15 Others to be Largest Segment During Forecast Period
4.4 High-Altitude Pseudo-Satellite Market, by End-user
Figure 16 Commercial Segment to Secure Leading Market Position During Forecast Period
4.5 High-Altitude Pseudo-Satellite Market, by Region
Figure 17 North America to Account for Largest Market Share in 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 High-Altitude Pseudo-Satellite Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Global Connectivity
5.2.1.2 Rising Adoption of Composite Materials in High-Altitude Pseudo-Satellites
5.2.1.3 Increasing Use of High-Altitude Pseudo-Satellites in Emergency Services
5.2.1.4 Versatility of Payload Integration Techniques
Table 2 Key Information on High-Altitude Pseudo-Satellites
5.2.2 Restraints
5.2.2.1 Limited Durability Due to Extreme Atmospheric Conditions
5.2.2.2 Stringent Government Regulations for Deployment of Satellite Communication Systems
5.2.3 Opportunities
5.2.3.1 Need for High-Speed Communication Networks in Remote Areas
5.2.3.2 Growing Scientific Exploration Through High-Altitude Pseudo-Satellites
5.2.4 Challenges
5.2.4.1 Issues Pertaining to Energy Storage
5.2.4.2 Limitations Associated with Thermal Management
5.3 Value Chain Analysis
Figure 19 Value Chain Analysis
5.4 Trends and Disruptions Impacting Customers’ Businesses
Figure 20 Trends and Disruptions Impacting Customers’ Businesses
5.5 Ecosystem Mapping
5.5.1 Prominent Companies
5.5.2 Private and Small Enterprises
5.5.3 Start-Ups
5.5.4 End-users
Figure 21 Ecosystem Mapping
Table 3 Role of Companies in the Ecosystem
5.6 Porter's Five Forces Analysis
Figure 22 Porter's Five Forces Analysis
Table 4 Impact of Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Pricing Analysis
Table 5 Average Selling Price of High-Altitude Pseudo-Satellites, by Platform, 2022 (USD Million/Unit)
5.8 Regulatory Landscape
Table 6 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.9 Use Case Analysis
5.9.1 Environmental Monitoring and Disaster Management
5.9.2 Communication and Connectivity
5.9.3 Surveillance and Security
5.10 Key Conferences and Events, 2023-2024
Table 10 Key Conferences and Events, 2023-2024
5.11 Key Stakeholders and Buying Criteria
5.11.1 Stakeholders in the Buying Process
Figure 23 Influence of Stakeholders on Buying High-Altitude Pseudo-Satellites, by End-user
Table 11 Influence of Stakeholders on Buying High-Altitude Pseudo-Satellites, by End-user (%)
5.11.2 Buying Criteria
Figure 24 Key Buying Criteria for High-Altitude Pseudo-Satellites, by End-user
Table 12 Key Buying Criteria for High-Altitude Pseudo-Satellites, by End-user

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Improved Solar Panels
6.2.2 Gust Load Alleviation
6.2.3 Lithium-Ion Batteries
6.2.4 Advanced Communication Systems
6.2.5 Hydrogen Fuel Cells
6.2.6 Miniaturized Payloads
6.2.7 Autonomous Operations and Artificial Intelligence
6.2.8 Use of Advanced Materials
6.3 Impact of Megatrends
6.3.1 Remote Connectivity Through High-Altitude Pseudo-Satellites
6.3.2 Internet of Things
6.3.3 Beamforming
6.4 Supply Chain Analysis
Figure 25 Supply Chain Analysis
6.5 Innovations and Patent Registrations
Table 13 Key Patents
6.6 Roadmap of High-Altitude Pseudo-Satellite Market
Figure 26 Development Potential of High-Altitude Pseudo-Satellites, 1983-2030

7 High-Altitude Pseudo-Satellite Market, by Platform
7.1 Introduction
Figure 27 High-Altitude Pseudo-Satellite Market, by Platform, 2023-2028
Table 14 High-Altitude Pseudo-Satellite Market, by Platform, 2020-2022 (USD Million)
Table 15 High-Altitude Pseudo-Satellite Market, by Platform, 2023-2028 (USD Million)
7.2 Airships
7.2.1 Boost in Surveillance and Reconnaissance Activities to Drive Growth
7.3 Balloons
7.3.1 Optimized Efficiency and Security to Drive Growth
7.4 Unmanned Aerial Vehicles (UAVs)
7.4.1 High Payload Carrying Capacity to Drive Growth

8 High-Altitude Pseudo-Satellite Market, by Application
8.1 Introduction
Figure 28 High-Altitude Pseudo-Satellite Market, by Application, 2023-2028
Table 16 High-Altitude Pseudo-Satellite Market, by Application, 2020-2022 (USD Million)
Table 17 High-Altitude Pseudo-Satellite Market, by Application, 2023-2028 (USD Million)
8.2 Communication
8.2.1 High Demand for Internet from Rural and Remote Areas to Drive Growth
8.3 Earth Observation & Remote Sensing
8.3.1 Need for Real-Time Imagery in Disaster Response to Drive Growth
8.4 Others

9 High-Altitude Pseudo-Satellite Market, by End-user
9.1 Introduction
Figure 29 High-Altitude Pseudo-Satellite Market, by End-user, 2023-2028
Table 18 High-Altitude Pseudo-Satellite Market, by End-user, 2020-2022 (USD Million)
Table 19 High-Altitude Pseudo-Satellite Market, by End-user, 2023-2028 (USD Million)
9.2 Commercial
9.2.1 Rise in Urban Planning and Infrastructure Development to Drive Growth
9.3 Government & Defense
9.3.1 Predominant Use in Security and Surveillance Missions to Drive Growth

10 High-Altitude Pseudo-Satellite Market, by Region
10.1 Introduction
Figure 30 High-Altitude Pseudo-Satellite Market, by Region, 2023-2028
Table 20 High-Altitude Pseudo-Satellite Market, by Region, 2020-2022 (USD Million)
Table 21 High-Altitude Pseudo-Satellite Market, by Region, 2023-2028 (USD Million)
10.2 Recession Impact Analysis
Table 22 Recession Impact Analysis
10.3 North America
10.3.1 PESTLE Analysis
10.3.2 US
10.3.2.1 Advancements in Satellite Technology to Drive Growth
10.3.3 Canada
10.3.3.1 Increased Government Investments in High-Altitude Pseudo-Satellite Infrastructure to Drive Growth
10.4 Europe
10.4.1 PESTLE Analysis
10.4.2 UK
10.4.2.1 Large-Scale Presence of Key Players to Drive Growth
10.4.3 France
10.4.3.1 Booming High-Altitude Technologies to Drive Growth
10.4.4 Germany
10.4.4.1 Rapid Development of New Satellite Technologies to Drive Growth
10.4.5 Italy
10.4.5.1 Widespread Applications of High-Altitude Pseudo-Satellites to Drive Growth
10.4.6 Spain
10.4.6.1 Boost in Tracking, Monitoring, and Surveillance Activities to Drive Growth
10.4.7 Rest of Europe
10.5 Asia-Pacific
10.5.1 PESTLE Analysis
10.5.2 China
10.5.2.1 Rising Popularity of Satellite Broadband to Drive Growth
10.5.3 India
10.5.3.1 Government Initiatives to Improve Defense Capabilities to Drive Growth
10.5.4 Japan
10.5.4.1 Expanding Rural Connectivity to Drive Growth
10.5.5 South Korea
10.5.5.1 Financial and Regulatory Support for Development of High-Altitude Pseudo-Satellites to Drive Growth
10.5.6 Australia
10.5.6.1 Increasing Investments in the Development of Satellite Internet to Drive Growth
10.6 Rest of the World
10.6.1 PESTLE Analysis
10.6.2 Latin America
10.6.2.1 Need for Advanced High-Altitude Pseudo-Satellites to Drive Growth
10.6.3 Middle East & Africa
10.6.3.1 Increasing Demand for High-Speed Internet to Drive Growth

11 Competitive Landscape
11.1 Introduction
11.2 Strategies Adopted by Key Players, 2020-2023
Table 23 Strategies Adopted by Key Players, 2020-2023
11.3 Market Ranking Analysis, 2022
Figure 31 Market Ranking of Key Players, 2022
11.4 Company Evaluation Matrix, 2022
11.4.1 Stars
11.4.2 Emerging Leaders
11.4.3 Pervasive Players
11.4.4 Participants
Figure 32 Company Evaluation Matrix, 2022
11.4.5 Company Footprint
Table 24 Company Footprint
Table 25 End-user Footprint
Table 26 Platform Footprint
Table 27 Region Footprint
11.5 Start-Up/SME Evaluation Matrix, 2022
11.5.1 Progressive Companies
11.5.2 Responsive Companies
11.5.3 Dynamic Companies
11.5.4 Starting Blocks
Figure 33 Start-Up/SME Evaluation Matrix, 2022
11.5.5 Competitive Benchmarking
Table 28 Key Start-Ups/SMEs
Table 29 Competitive Benchmarking of Start-Ups/SMEs
11.6 Competitive Scenario
11.6.1 Market Evaluation Framework
11.6.2 Product Launches
Table 30 Product Launches, 2020-2023
11.6.3 Deals
Table 31 Deals, 2020-2023

12 Company Profiles
12.1 Key Players
Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats
12.1.1 Airbus
Table 32 Airbus: Company Overview
Figure 34 Airbus: Company Snapshot
Table 33 Airbus: Products/Solutions/Services Offered
Table 34 Airbus: Product Launches
Table 35 Airbus: Deals
12.1.2 Aerovironment, Inc.
Table 36 Aerovironment, Inc.: Company Overview
Figure 35 Aerovironment, Inc.: Company Snapshot
Table 37 Aerovironment, Inc.: Product/Solutions/Services Offered
Table 38 Aerovironment, Inc.: Product Launches
12.1.3 Prismatic Ltd.
Table 39 Prismatic Ltd.: Company Overview
Figure 36 Prismatic Ltd.: Company Snapshot
Table 40 Prismatic Ltd.: Products/Solutions/Services Offered
Table 41 Prismatic Ltd.: Product Launches
12.1.4 Thales
Table 42 Thales: Company Overview
Figure 37 Thales: Company Snapshot
Table 43 Thales: Products/Solutions/Services Offered
Table 44 Thales: Deals
12.1.5 Hapsmobile Inc.
Table 45 Hapsmobile Inc.: Company Overview
Table 46 Hapsmobile Inc.: Products/Solutions/Services Offered
Table 47 Hapsmobile Inc.: Product Launches
Table 48 Hapsmobile Inc.: Deals
12.1.6 Aurora Flight Sciences
Table 49 Aurora Flight Sciences: Company Overview
Figure 38 Aurora Flight Sciences: Company Snapshot
Table 50 Aurora Flight Sciences: Products/Solutions/Services Offered
12.1.7 Hemeria
Table 51 Hemeria: Company Overview
Table 52 Hemeria: Products/Solutions/Services Offered
12.1.8 Aerostar
Table 53 Aerostar: Company Overview
Table 54 Aerostar: Products/Solutions/Services Offered
Table 55 Aerostar: Product Launches
Table 56 Aerostar: Deals
12.1.9 Uavos Inc.
Table 57 Uavos Inc.: Company Overview
Table 58 Uavos Inc.: Products/Solutions/Services Offered
Table 59 Uavos Inc.: Product Launches
12.1.10 Capgemini
Table 60 Capgemini: Company Overview
Figure 39 Capgemini: Company Snapshot
Table 61 Capgemini: Products/Solutions/Services Offered
Table 62 Capgemini: Product Launches
12.1.11 Sierra Nevada Corporation
Table 63 Sierra Nevada Corporation: Company Overview
Table 64 Sierra Nevada Corporation: Products/Solutions/Services Offered
Table 65 Sierra Nevada Corporation: Product Launches
Table 66 Sierra Nevada Corporation: Deals
12.1.12 Swift Engineering
Table 67 Swift Engineering: Company Overview
Table 68 Swift Engineering: Products/Solutions/Services Offered
Table 69 Swift Engineering: Product Launches
Table 70 Swift Engineering: Deals
12.1.13 Skydweller
Table 71 Skydweller: Company Overview
Table 72 Skydweller: Products/Solutions/Services Offered
Table 73 Skydweller: Product Launches
Table 74 Skydweller: Deals
12.1.14 Sceye Inc.
Table 75 Sceye Inc.: Company Overview
Table 76 Sceye Inc.: Products/Solutions/Services Offered
Table 77 Sceye Inc.: Product Launches
Table 78 Sceye Inc.: Deals
12.1.15 Stratospheric Platforms Ltd.
Table 79 Stratospheric Platforms Ltd.: Company Overview
Table 80 Stratospheric Platforms Ltd.: Products/Solutions/Services Offered
Table 81 Stratospheric Platforms Ltd.: Product Launches
Table 82 Stratospheric Platforms Ltd.: Deals
12.2 Other Players
12.2.1 Composite Technology Team
Table 83 Composite Technology Team: Company Overview
12.2.2 Ilc Dover Lp
Table 84 Ilc Dover Lp: Company Overview
12.2.3 Kraus Hamdani Aerospace, Inc.
Table 85 Kraus Hamdani Aerospace, Inc.: Company Overview
12.2.4 Atlas
Table 86 Atlas: Company Overview
12.2.5 Elson Space Engineering
Table 87 Elson Space Engineering: Company Overview
12.2.6 Avealto
Table 88 Avealto: Company Overview
12.2.7 Stratosyst S.R.O.
Table 89 Stratosyst S.R.O.: Company Overview
12.2.8 Airstar Aerospace
Table 90 Airstar Aerospace: Company Overview
12.2.9 Tao Trans Atmospheric Operations
Table 91 Tao Trans Atmospheric Operations: Company Overview
12.2.10 Zero 2 Infinity S.L.
Table 92 Zero 2 Infinity S.L.: Company Overview
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Aerostar
  • Aerovironment, Inc.
  • Airbus
  • Airstar Aerospace
  • Atlas
  • Aurora Flight Sciences
  • Avealto
  • Capgemini
  • Composite Technology Team
  • Elson Space Engineering
  • Hapsmobile Inc.
  • Hemeria
  • Ilc Dover Lp
  • Kraus Hamdani Aerospace, Inc.
  • Prismatic Ltd.
  • Sceye Inc.
  • Sierra Nevada Corporation
  • Skydweller
  • Stratospheric Platforms Ltd.
  • Stratosyst S.R.O.
  • Swift Engineering
  • Tao Trans Atmospheric Operations
  • Thales
  • Uavos Inc.
  • Zero 2 Infinity S.L.

Methodology

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Table Information