• This means that the high altitude platforms market would stand tall at a market value of USD 459.09 million by 2028.
· Data Bridge Market Research analyses that the high altitude platforms market will exhibit a CAGR of 2.85% for the forecast period of 2021-2028.
· This means that the high altitude platforms market would stand tall at a market value of USD 459.09 million by 2028.
§ From the name itself, it is clear that high altitude platforms are the objects that are stationed at a height of more than 50,000 feet from the surface of the earth. In other words, the high altitude platform objects are deployed in the stratosphere layers at an altitude of 20-50 km. owing to its capabilities similar to satellite systems, they are used as an alternative to satellites.
§ Increased application of high altitude platforms owing to its ability to cover wider areas at low cost as compared to satellites will emerge as the major high altitude platforms market growth driving factor. Growing focus of the manufacturers on technological advancements and procurement of technologically advanced defense services will further aggravate the growth of the high altitude platforms market. Growing commercialization of solar-powered HAP systems, surging application of HAP’s to provide wireless internet services, rising globalization and growth and expansion of e-surveillance industry are some other factors bolstering the growth of high altitude platforms market.
§ However, high costs associated with manufacturing and maintaining the systems will act as a growth restraint for the high altitude platforms market. Also, operational challenges such as extremely slow deployment will yet again hamper the high altitude platforms market growth rate. Also, lack of skilled workforce and technological expertise will pose challenge to the growth of the high altitude platforms market.
Industry Segmentation
The high altitude platforms market is segmented on the basis of product, payload and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the high altitude platforms market is segmented into airships, unmanned aerial vehicles (UAV) and tethered aerostat systems.
- On the basis of payload, the high altitude platforms market is segmented into communication systems, navigation systems, surveillance systems and EO/ IR systems.
- On the basis of application, the high altitude platforms market is segmented into commercial, government and defense and others. Others segment is sub-segmented into space port, environmental monitoring, time synchronization and others.
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The countries covered in the high altitude platforms market report are
ü U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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The major players covered in the high altitude platforms market report are
§ Thales Group, Blighter Surveillance Systems Ltd, Lockheed Martin Corporation., Saab , Raytheon Technologies Corporation, Aaronia AG, IAI, DRONESHIELD, Liteye, Theiss UAV Solutions, LLC, BSS Holland B.V., Airbus S.A.S., Battelle Memorial Institute, Hangzhou Hikvision Digital Technology Co., Ltd., Chess Dynamics Ltd., Northrop Grumman., General Atomics., Boeing., Leidos and BAE Systems., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Ø Chapter One: Introduction
Ø Chapter Two: Industry analysis
Ø Chapter Three: Market Overview
Ø Chapter Four: Industry segmentation
Ø Chapter Five: Industry share analysis
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