Forecasting the $189 Million High Altitude Pseudo Satellite Market

1
Forecasting the 189 Million High Altitude
Pseudo Satellite (HAPS) Market at a CAGR of 17.2
The report "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" The high altitude
pseudo satellite market size is projected to
grow from USD 85 million in 2023 to USD 189
million by 2028, at a CAGR of 17.2 from 2023 to
2028. The demand for these systems has
growth recently due to improving
witnessed significant
reliability for long-duration HAPS
deployments, rising demand of
HAPS in advancing
emergency services, payload integration

• techniques for versatile HAPS operations and
  growing adoption
• of composite material to build lightweight HAPS.
  These drivers have led to the growth of High
  altitude pseudo satellite market.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id162217471 Key
  Market Players
• The high-altitude pseudo satellite market
  includes major players AeroVironment, Inc. (US),
  Prismatic Ltd. (UK), Airbus (France), Thales
  Group (France), and SoftBank Group Corp.
  (Japan). These players have spread their business
  across various countries includes North America,
  Europe, Asia Pacific, and Rest of the World.
• Airships platform to be fastest growing segment
  for the High-altitude pseudo satellite market
  during the forecast period.
• Based on platform, the market segmented into
  airships, balloons, and UAVs. The airships
  segment is forecasted to be the fastest growing
  segment due to increased demand for surveillance
  and reconnaissance in the market. The segment is
  projected to grow from USD 0.3 million in 2023
  to USD 44.8 million by 2028, at a CAGR of 170.8
  from 2023 to 2028.
• Other (ISR, Monitoring, Search and Rescue,
  Navigation) Application Segment to Grow At
  Highest CAGR of 22.1 during the forecast period.

2
Based on applications, the market segmented into
communication, Earth Observation Remote
Sensing, and Others (ISR, Monitoring, Search and
Rescue, Navigation). The Others (ISR,
Monitoring, Search and Rescue, Navigation)
segment is forecasted to be the fastest growing
segment as High-Altitude Pseudo Satellites
(HAPS) can be valuable assets for Intelligence,
Surveillance, and Reconnaissance (ISR),
Monitoring, Search and Rescue and Navigation
applications due to their ability to provide
persistent surveillance and data collection
capabilities. 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. The
commercial segment is forecasted to be the
fastest growing segment due to increasing demand
for internet access in remote and underserved
areas. This is a major commercial opportunity
for High Altitude Pseudo Satellites operators, as
there is a large and growing population of
people who lack access to reliable and affordable
broadband internet. North America to Account for
Largest Market Share in 2023. North America is
projected to be the largest regional share of
High-altitude pseudo satellite market during the
forecast period. Major companies are based in the
US. These players continuously invest in the RD
of new and advanced technology used in high
altitude pseudo satellite market. These
advancements have minimized the costs of
launching satellites making high altitude pseudo
satellite more affordable. Thus, the growing
affordability and reliability of high altitude
pseudo satellite serves to be one of the most
significant factors leading to the growth of the
high altitude pseudo satellite market in the
North American region. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id162217471 About MarketsandMarkets Mar
ketsandMarkets has been recognized as one of
Americas best management consulting firms by
Forbes, as per their recent report. MarketsandMark
ets is a blue ocean alternative in growth
consulting and program management, leveraging a
man-machine offering to drive supernormal growth
for progressive organizations in the B2B space.
We have the widest lens on emerging
technologies, making us proficient in co-creating
supernormal growth for clients. Earlier this
year, we made a formal transformation into one of
America's best management consulting firms as
per a survey conducted by Forbes. The B2B
economy is witnessing the emergence of 25
trillion of new revenue streams that are
substituting existing revenue streams in this
decade alone. We work with clients on growth
programs, helping them monetize this 25 trillion
opportunity through our service lines - TAM
Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement,
and Thought Leadership Marketing.
3
Built on the 'GIVE Growth' principle, we work
with several Forbes Global 2000 B2B companies -
helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are
molded by our industry experts, cutting-edge
AI-powered Market Intelligence Cloud, and years
of research. The KnowledgeStore (our Market
Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections
through a set of applications, helping clients
look at the entire ecosystem and understand the
revenue shifts happening in their
industry. To find out more, visit
www.MarketsandMarkets.com or follow us on
Twitter, LinkedIn and Facebook. Contact Mr.
Aashish Mehra MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email sales_at_marketsandmarkets.com