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The High Altitude Pseudo Satellite (HAPS) market is a subset of the Unmanned Aerial Vehicles (UAVs) industry, commonly referred to as drones. HAPS are aircraft that are designed to fly at high altitudes for extended periods of time, typically between 18 and 30 kilometers above the Earth's surface. They are powered by solar energy and can be used for a variety of applications, such as communications, surveillance, and environmental monitoring. HAPS are capable of providing services that are similar to those of a satellite, but at a fraction of the cost.
HAPS are becoming increasingly popular due to their ability to provide services in remote areas, as well as their cost-effectiveness. They are also seen as a viable alternative to traditional satellites, as they can be deployed quickly and can be used for a variety of applications.
Some of the companies in the HAPS market include Facebook, Google, Airbus, and AeroVironment. These companies are developing HAPS technology and are working to make it more accessible and affordable. Show Less Read more