Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global High Altitude Long Endurance (Pseudo Satellite) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.5% during the review period (2022 to 2027).
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. HAPS can be considered as an advanced version of HALE. HAPS are designed to operate at very high altitude.
HAPS offer enhanced network flexibility and configurability and is consequently well-appropriate for temporary provision of important and additional capacity requirements while offering a great option for emergency communications. Thus, they’re being progressively embraced by organizations throughout rescue operations. Furthermore, the advancement in technology further boosts the marketplace growth. For instance, the Formira Hydrogen-On-Demand technology, developed by Neah Power System, synthesizes hydrogen from liquid formic acid. The device is designed to transfer formic acid from the tank to a reformer, in which hydrogen is generated and immediately consumed by the stack.
Since the gases so produced aren’t stored at any time, the technology makes HAPS UAVs less prone to flammability troubles referring to high temperatures prevalent with inside the stratosphere. The gadget is also comparatively modular and reflects a compact design. The technology can offer unlimited endurance advantages to HAPS platforms. Also, the R&D efforts of the marketplace players, coupled with beneficial adoption trends in different nations are predicted to drive the global adoption of HAPS throughout the forecast period 2022-2027.
Industry Developments:
Boeing expands partnerships with German industry on F/A-18 Super Hornet and EA-18G Growler
January 12, 2022 Boeing [NYSE: BA] announced the expansion of its industrial partnership strategy in Germany in support of the F/A-18 Super Hornet and EA-18G Growler offering to the Bundeswehr.
The High Altitude Long Endurance (Pseudo Satellite) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes 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.
High Altitude Long Endurance (Pseudo Satellite) Market is segmented based on the Types, applications, end user, companies and regions.
By Types
By Application
The global high altitude long endurance market is projected to grow at a promising rate in upcoming years. North America is the foremost 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 period2022-2027. Growing 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 market in the region.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 9.5% during the review period (2022 to 2027). |
By Types |
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By Application |
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By Companies | Airbus SAS, Lockheed Martin, Boeing, BOSH global services, Northrop Grumman Corporation, SZDJI Technology Co. Ltd., Parrot SA, Hawkeye systems Ltd., AeroVironment, IAI Ltd., |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 100 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The High Altitude Long Endurance (Pseudo Satellite) Market is studied from 2017 - 2027.
What is the growth rate of High Altitude Long Endurance (Pseudo Satellite) Market?
The High Altitude Long Endurance (Pseudo Satellite) Market is growing at a CAGR of 9.5% over the next 5 years.
Who are the leading key players in High Altitude Long Endurance (Pseudo Satellite) Market?
Airbus SAS, Lockheed Martin, Boeing, BOSH global services, Northrop Grumman Corporation, SZDJI Technology Co. Ltd., Parrot SA, Hawkeye systems Ltd., AeroVironment, IAI Ltd.,
What regions regions does this High Altitude Long Endurance (Pseudo Satellite) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Types of High Altitude Long Endurance (Pseudo Satellite) Market?
Solar Cell Type, Lithium-ion Batteries Type, Hydrogen & Helium Type, Fuel Gas Type
What are the significant Application of High Altitude Long Endurance (Pseudo Satellite) Market?
Military, Surveillance, Communications, Civil, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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