High Altitude Long Endurance (Pseudo Satellite) Market Research Report- Global Forecast to 2030

Global High altitude long endurance (Pseudo Satellite) Market - Forecast till 2027

ID: MRFR/ICT/2449-CR | June 2017 | Region: Global | 70 Pages         

High Altitude Long Endurance (Pseudo Satellite) Market

High Altitude Long Endurance (Pseudo Satellite) Market is Predicted to Reach US$ 30.34 Billion by 2027 Registering a CAGR of 8.34%

Segmentation

By Application Military Surveillance Communications Civil And Others
By Energy Source Solar Cell Lithium Ion Batteries Hydrogen & Helium And Fuel Gas

Key Players

  • Airbus SAS
  • Lockheed Martin
  • Boeing
  • BOSH global services
  • Northrop Grumman Corporation
  • SZDJI Technology Co. Ltd.
  • Parrot SA
  • Hawkeye systems Ltd.
  • AeroVironment
  • IAI Ltd.

Drivers

  • High installation and operation cost of geostationary satellites
  • High need of surveillance
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Market Scenario

HALE is an air bourne vehicle which is able to perform large survey of geographic areas with a high level of accuracy and gives real time information with respect to military, defense, surveillance and any other civilian tasks. High altitude pseudo satellite (HAPS) can be considered as an advanced version of HALE. HAPS is designed to operate at very high altitude. It can be installed at a height of 30,000ft from the earth whereas HALE has the capability to reach up to 65,000 ft. from the earth surface. Moreover, HALE and HAPS can be modified with respect to the requirement which is not possible in case of geostationary satellites. To control the function of geostationary satellites, operators need to take care of the energy sources which in this case mainly comprises of fuel gases. These fuel gases also increases the cost of maintenance of the satellites. Whereas, HALE and HAPS works on solar energy and Lithium-ion batteries which carries very low cost as compared to fuel gases. Therefore, aerospace & defense, military, surveillance, or communication applications has started adopting HALE and now days HAPS to increase operation efficiency.

The major growth driver of High altitude long endurance (Pseudo Satellite) Market includes high installation and operation cost of geostationary satellites, and high need of surveillance required on borders among others. However, factors such as variable weather & climate conditions and air traffic regulations are expected to hinder the market growth of High altitude long endurance (Pseudo Satellite) in the forecast period 2016-2022.


  Key Findings



  • The global High altitude long endurance (Pseudo Satellite) market is expected to reach USD 23 billion by 2022, growing with approximately 9% of CAGR during forecast period 2016-2022.

  • By Application, surveillance & communication is expected to grow with fastest growing 11.32% and 10.62% CAGR.

  • By Energy source, lithium-ion battery is expected to grow with 11% CAGR during forecast period 2016-2022.

  • North America is expected to dominate the market of Pseudo Satellite market throughout the forecast period.


Segments


Global High altitude long endurance (Pseudo Satellite) Market can be segmented as follows:


Segmentation by Application: military, surveillance, communications, civil and others.


Segmentation by Energy Source: Solar cell, lithium-ion batteries, hydrogen & helium and fuel gas.


 


Regional Analysis of High altitude long endurance (Pseudo Satellite) Market:

The global High altitude long endurance (Pseudo Satellite) market is estimated to grow at a promising rate in upcoming years. North America is the leading region among Europe, Asia-Pacific and Rest of the world. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and government initiatives to increase domestic manufacturing and production of defence and military equipment is expected to drive the growth of High Altitude Long Endurance (Pseudo Satellite) market in the region.


Key Players Some of the major players in Global  High altitude long endurance (Pseudo Satellite) Market include Airbus SAS, Lockheed Martin, Boeing, BOSH global services, Northrop Grumman Corporation, SZDJI Technology Co. Ltd., Parrot SA, Hawkeye systems Ltd., AeroVironment, IAI Ltd., and others.


Intended Audience



  • OEM

  • Aerospace & defence

  • Manufacturing industries

  • Technology investors

  • Government

  • Financial institute

  • Distributors

  • End-Users


The report for High altitude long endurance (Pseudo Satellite) market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


 



Report Scope:

Report Attribute/Metric Details
  Market Size   30.34 Billion
  CAGR   8.34%
  Base Year   2020
  Forecast Period   2021–2027
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   SAS, Lockheed Martin, Boeing, BOSH global services, Northrop Grumman Corporation, SZDJI Technology Co. Ltd., Parrot SA, Hawkeye systems Ltd., AeroVironment, IAI Ltd
  Key Market Opportunities   
  Key Market Drivers   However, factors such as variable weather & climate conditions and air traffic regulations are expected to hinder the market


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Frequently Asked Questions (FAQ) :

A 8.57% CAGR is anticipated to be seen in the market during the course of the forecast period.

USD 14.11 Billion is anticipated to be generated in the course of the forecast.

BOSH global services, Parrot SA, Airbus SAS, Northrop Grumman Corporation, Boeing, SZDJI Technology Co. Ltd., Hawkeye systems Ltd., and AeroVironment.

The prominence of the North American region is expected to lead its elevated position in the coming period.

The soaring demand level from the aerospace and defense sectors is estimated to boost the market in the approaching period.