Applications in defense sector boosts High-Altitude Pseudo Satellites (HAPS) Market
Market Overview:
The global high-altitude pseudo satellites (HAPS) market is likely to garner a CAGR of over 8% during the forecast period of 2020-2025.

HAPS are potential substitutes for conventional satellites and, once deployed, these aerial platforms often float at stratospheric altitudes, between 10 and 30 miles above sea level. HAPS are geostationary, therefore, their efficiency in the provision of services is localized. HAPS integrates the best aspects of terrestrial and satellite communication systems. They eliminate the capacity and performance limitations of satellites by efficiently offering voice, video and broadband services at much lower prices compared to the performance margins than conventional geostationary satellites. Therefore, telecommunications service providers are increasingly adopting them to meet the demand for high-capacity wireless services, especially last-mile delivery in remote areas with limited terrestrial network coverage.

Recent Developments:
Airbus Zephyr Solar's high-altitude pseudo-satellite flies longer than any other aircraft on its successful maiden flight.

Market Drivers and Restraints:
The proliferation of wireless broadband services for a rapidly growing consumer base has posed several critical challenges for telecommunications service providers. Since terrestrial network coverage is limited in some areas and satellite telecommunication services have many capacity and performance limitations in voice and video communication applications, HAPS is used to provide data services in remote areas because demonstrate superior propagation characteristics over a terrestrial and satellite telecommunications network. This feature favors its selection by operators to provide services in remote areas. In addition, due to the possibility of rapid deployment and flight control according to changing communication demands. They have the potential to provide cost-effective broadband services efficiently and are viable as an alternative infrastructure suitable for the long-term provision of broadband access to fixed or mobile users.

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Report is segmented as:
Type
• High-Altitude UAVs
• High-Altitude Airships
• Stratospheric Balloons

Application
• Defence
• Aerospce

Geographical segmentation:
On the basis of geography, the global HAPS market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, HAPS adoption is considerably high in developing countries in the Asia-Pacific and Europe due to the lack of critical infrastructure to provide telecommunications services in remote regions. HAPS platforms play a critical role in search and rescue (SAR) missions, disaster relief, environmental monitoring, and precision agriculture. Several governments, including Kenya and India, have authorized pre-deployment testing of HAPS to critically analyze the feasibility of such systems in countries.

Key market players:
Some of the key players are Airbus SE, Alphabet Inc., The Boeing Co., Composite Technology Team, Lockheed Martin Corp., MAG Aerospace, Prismatic Ltd., SZ DJI Technology Co. Ltd., TAO-Group, and Thales Group.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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