High Altitude Platform Market Competitive Landscape and Outlook Report 2020-2024
Category: #Technology  By Ronak Bora  Date: 2021-03-22
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High Altitude Platform Market Competitive Landscape and Outlook Report 2020-2024

The competitive landscape of high altitude platform market is highly fragmented. In this competitive scenario, the top notch industry players like Aerostar International, Inc., Lockheed Martin Corporation, Airbus SE, and others, are looking forward for investing in mergers, acquisitions, and collaborations to sustain a strong foothold in the business vertical. One such breakthrough is the partnership between Avealto Ltd. And JP Aerospace on the grounds of furnishing the operation and the development of Tandem Vehicle. 

Combating the challenges pertaining to obstructing telecommunication signals and channels, the worldwide high altitude platform market trends are poised to foresee a positive growth trajectory during the span of seven years. Apparently, these platforms offer high connectivity between the users and the satellite links.

Moreover, the platform’s provision of high speed broadcasting and communication connectivity would provide an impetus to the growth of high altitude platform industry size over 2017-2024. 

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Rampant growth of the commercial and industrial sectors owing to high abundance and low cost of skilled labour and raw materials could broaden the industry horizon for HAP satellite manufacturers across APAC. Multinational companies are outsourcing their operation to Asian companies.

Outsourcing usually requires high-speed broadband communication services to operate effectively. Growing adoption of day-to-day operations like online payments, e-learning, and gaming could drive the demand for high-speed internet connections through HAP satellites.

UAVs are finding widespread application in the defense sector. These systems offer reliable surveillance features and can be developed to solely be powered by solar energy. This in turn could provide massive savings on fuel costs and minimize carbon footprint.

As a result, various industry players are investing in the development of UAVs. Taking October 2018 for instance, Silicon Valley-based company offering proprietary unmanned terrestrial, aerial, and aquatic vehicles solutions, UAVOS revealed that a prototype of its High Altitude Pseudo Satellite (HAPS) dubbed ApusDuo aircraft has successfully finished the first stage of flight tests.

List of the Key Companies that are Operating in the High Altitude Platform Market. They are as follows:

Developer Manufacturer Profiles, ENERCON, Fuji Electric Co. Ltd.,, GE Wind Energy., LLC., Infineon Technologies, Maxim Integrated Products, Inc., Mersen, Methode Electronics, Inc., Microsemi Corporation, Mitsubishi Electric, NXP Semiconductor N.V., ON Semiconductor, Renesas Electronics Corporation, Semikron Electronics GmbH Co., Inc., Stmicroelectronics N.V, Texas Instruments Incorporated, , Airbus SE, Apple, Inc., BMW Group, General Electric, General Motors, Haier Corporation, Hewlett-Packard Company, Hitachi Ltd., Honeywell International Inc., LG Corporation, Lockheed Martin Corporation, Samsung Electronics, Sharp Corporation, Schneider Electric, Tesla, Inc., Thales Group, Toyota Motors, Volkswagen AG

The HAP market is currently in its nascent stage, but the industry is predicted to register noteworthy growth over the forecast timeframe. Prominent industry players like ILC Dover L.P., Elektra Solar GmbH, Airbus SE, Aerostar International, Lockheed Martin Corporation and AeroVironment are focusing on implementing various business strategies like product innovation and commercialization, partnership and acquisition to gain a competitive edge. Companies like AeroVironment are constantly bringing new innovations like the Mars Ingenuity helicopter and the Sunglider solar-powered high altitude platform station to enhance their consumer base.

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Table Of Content:

Chapter 4.   High Altitude Platform Market, By Product

4.1.  High Altitude Platform Market share, by product, 2016 & 2024

4.2.  Unmanned aerial vehicles (UAV)

4.2.1. Market estimates and forecasts, 2013 - 2024

4.3.  Airships

4.3.1. Market estimates and forecasts, 2013 - 2024

4.4.  Tethered aerostat systems

4.4.1. Market estimates and forecasts, 2013 - 2024

Chapter 5.   High Altitude Platform Market, By Application

5.1.  High Altitude Platform Market share, by application, 2016 & 2024

5.2.  Surveillance

5.2.1. Market estimates and forecasts, 2013 – 2024

5.3.  Navigation and remote sensing

5.3.1. Market estimates and forecasts, 2013 - 2024

5.4.  Communication

5.4.1. Market estimates and forecasts, 2013 - 2024

5.5.  EO/IR system

5.5.1. Market estimates and forecasts, 2013 – 2024

Chapter 6.   High Altitude Platform Market, By End-user

6.1.  High Altitude Platform Market share, by end-user, 2016 & 2024

6.2.  Government & defense

6.2.1. Market estimates and forecasts, 2013 - 2024

6.3.  Commercial

6.3.1. Market estimates and forecasts, 2013 - 2024

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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