High Altitude Platforms - Global Strategic Business Report

Report
462 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5140678

The global market for High Altitude Platforms is estimated at US$3.7 Billion in 2023 and is projected to reach US$6.5 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Unmanned Aerial Vehicles (UAV) segment, which is expected to reach US$4.5 Billion by 2030 with a CAGR of 7.1%. The Airships segment is also set to grow at 6.4% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global High Altitude Platforms Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global High Altitude Platforms Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global High Altitude Platforms Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as BAE Systems PLC, Boeing Company, The, AeroVironment, Inc., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 107 Featured):

BAE Systems PLC
Boeing Company, The
AeroVironment, Inc.
Aurora Flight Sciences
Aeronautics Ltd.
Altaeros Energies
Aeroscraft Corporation
Allsopp Helikites Ltd.
AUGUR-RosAeroSystems
Atmos UAV B.V.
Applied Aeronautics
Aheadx
Asteria Aerospace
Ayaan Autonomous Systems Pvt. Ltd.
Airbus Sas

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession
Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 through 2024E
Severe Impact of Pandemic on Supply Chain Networks Derails Market Momentum
Pandemic Affects the Military & Defense Sector
Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
High Altitude Platforms Market to Exhibit Steady Growth following COVID-19 Whiplash
Competitive Scenario
High Altitude Platforms - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Market Prospects & Outlook: Fueled by Escalating Demand, High Altitude Platforms Market to Hog the Spotlight
World High Altitude Platforms Market by Application (2024 & 2030): Percentage Breakdown of Revenues for Government & Defense, and Other Applications
Growing Roaster of Drivers to Favor Expansion of High Altitude Platforms Market
Compelling Merits over Traditional Satellites
Increasing Demand for Better In-Flight Services
Focus on Solar-Powered Technologies
Advanced Control Technology for HAPS Navigation Under Development
UAV & Communication: Prime Segments of High Altitude Platforms Market
World High Altitude Platforms Market by Type (2024 & 2030): Percentage Breakdown of Revenues for Unmanned Aerial Vehicles (UAV), Airships, and Tethered Aerostat Systems
World High Altitude Platforms Market by Payload (2024 & 2030): Percentage Breakdown of Revenues for Communication, Surveillance, Navigation, and EO/IR Systems
HAPS Holds Potential to Provide and Improve Connectivity
North America Assumes Principal Position in Global High Altitude Platforms Market
World High Altitude Platforms Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2024 & 2030
World High Altitude Platforms Market: Geographic Regions Ranked by CAGR (Revenues) for 2023-2030
Developing Economies Emerge as Hotbed for Adoption of High Altitude Platforms
Australian Defense Sector Focuses on Developing Robust HAPS
HAPS Platforms for Indian Border Surveillance
High Altitude Platforms: Stratosphere-Floating Telecommunication Stations as Alternative to Satellites
Types of High Altitude Platforms & Design Considerations
Technical Challenges
High Altitude Platforms: Primary Applications
Potential Applications of HAPS
Regulations: Key Hindrances
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

High Altitude Platforms Hold Potential for Use in Diverse Applications
High Altitude Platforms Hold Capability to Augment Data Services
High Altitude Platform Enabled Broadband to Benefit Rural and Remote Population
Wide Coverage and Lower Costs Rev Up Opportunities
Current Technology Trends Influencing the Market
Mitigation of Technological Challenges Critical to Greater Adoption
Design Advancements Make Airships More Relevant
Greater Adoption of Tethered Aerostat Systems on the Cards
Aerostats Seek to Extend Footprint in Military Applications
Communication Sector Players to Step Up Investments in High Altitude Platforms
The FCC Considers Authorizing HAPS Applications
The Rise of HAPS as a Connectivity Solution
HAPS Emerge as Connectivity Contenders Amid Challenges
HAPS for 6G
High Altitude Pseudo Satellites (HAPS) Revolutionizing Near Space Operations
UAVs Widen the Addressable Market for High Altitude Platforms
Global Civil Drone Market Size (in US$ Billion) for the Years 2019, 2022 and 2025F
High Altitude Military Surveillance: Major Application of UAVs
GCS Advancements Augment the Image of High Altitude UAVs
Growing Security Concerns Drive Military UAV Deployments in High Altitude Surveillance
Government & Defense: Dominant Application Segment
Healthy Defense Spending to Amplify the Need for High Altitude Platforms: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023E
Military Expenditure as a % of GDP in Select Countries
Slowdown in Defense Spending Impedes the Demand for Military High Altitude Platforms
Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
Despite the Slowdown, Government and Defence Investments Surging in HAPS
Commercial Sector Investments on High Altitude Platforms Continue to Rise
HAPS Market in the Nascent Stage, But Technological Advancements on the Rise

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Unmanned Aerial Vehicles (UAV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Unmanned Aerial Vehicles (UAV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 3: World 15-Year Perspective for Unmanned Aerial Vehicles (UAV) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Airships by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Airships by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 6: World 15-Year Perspective for Airships by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Tethered Aerostat Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Tethered Aerostat Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 9: World 15-Year Perspective for Tethered Aerostat Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 12: World 15-Year Perspective for Communication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 15: World 15-Year Perspective for Surveillance by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Navigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Navigation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 18: World 15-Year Perspective for Navigation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Eo / Ir Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Eo / Ir Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 21: World 15-Year Perspective for Eo / Ir Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 24: World 15-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 27: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2024 & 2030
Table 28: World High Altitude Platforms Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
Table 29: World Recent Past, Current & Future Analysis for High Altitude Platforms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for High Altitude Platforms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
Table 31: World 15-Year Perspective for High Altitude Platforms by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

High Altitude Platforms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADAJAPAN

CHINA

High Altitude Platforms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)

EUROPE

High Altitude Platforms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE

ASIA-PACIFIC

High Altitude Platforms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

REST OF WORLD

High Altitude Platforms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Rest of World for 2022 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

BAE Systems PLC
Boeing Company, The
AeroVironment, Inc.
Aurora Flight Sciences
Aeronautics Ltd.
Altaeros Energies
Aeroscraft Corporation
Allsopp Helikites Ltd.
AUGUR-RosAeroSystems
Atmos UAV B.V.
Applied Aeronautics
Aheadx
Asteria Aerospace
Ayaan Autonomous Systems Pvt. Ltd.
Airbus Sas

Table Information

Report Attribute	Details
No. of Pages	462
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 3.7 Billion
Forecasted Market Value ( USD ) by 2030	$ 6.5 Billion
Compound Annual Growth Rate	7.1%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 107 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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