High Altitude Long Endurance (Pseudo Satellite) Market Overview
Market Research Future
(MRFR) anticipates that the High Altitude Long Endurance Market 2020 could
potentially achieve a strong valuation of USD 23 billion by 2022. The market is
also projected to advance at an approximate rate of 9% between 2016 and 2022
(review period). We will provide covid-19 impact analysis with the report. The
research on COVID-19 impact offers an in-depth analysis post the coronavirus
disease outbreak.
Top Players
Some of the top players in
the market for High altitude long endurance (Pseudo Satellite) include IAI
Ltd., Parrot SA, AeroVironment, Boeing, Northrop Grumman Corporation, Lockheed
Martin, SZDJI Technology Co. Ltd., BOSH global services, Hawkeye systems Ltd.,
Airbus SAS, to name a few.
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COVID-19 Analysis
Post the SARS-CoV-2
outbreak, the satellite technology has proved to be a valuable commodity across
industries. Satellites are being used to offer information regarding the global
scenario in the face of lockdown as well as social distancing practices.
Satellite imageries are able to provide information pertaining to the activities
across geographies, diverse tourist destinations, industrial sites, public
places and highways, which used to be generally crowded before the pandemic. In
addition, a thorough assessment of mortuaries and medical facilities are being
performed using satellite imagery.
With the intention of
finding a COVID-19 breakthrough, governments everywhere are trying to get their
hands on any type of information that can help them make sound decisions
regarding the betterment of the grave situation, post COVID-19 outbreak. The
information can be related to the movement of migrant laborers, water and
electricity supply that can help build medical facilities on open grounds.
Aerospace & defense, surveillance, communication and military applications
are increasingly deploying HALE and HAPS (high altitude pseudo satellites) to
boost operation efficiency and gather critical information that can help fight
against novel coronavirus.
Primary Boosters and Main Barriers
High altitude long
endurance (pseudo-satellite) finds a number of applications in diverse sectors
like surveillances, military services, civil and communications and more. The
satellite can perform an extensive survey with high precision and provide real-time
information to the military and defense sector.
A notable advantage of high
altitude long endurance (pseudo-satellite) includes its ability to operate at
extremely high altitude and reach close to 65,000 feet above the ground. The
growth of the high altitude long endurance (Pseudo Satellite) industry is quite
strong in Asia Pacific on account of the surge in cross border tension between
India-China, North Korea-Republic of Korea and India-Pakistan. Thus, the
increasing need to survey the borders across nations can induce major market
growth in the approaching years.
Moreover, the rising use of
drones in the communication industry for better quality of pictures and images
can benefit the worldwide market. Drones find extensive deployment in
photography, media houses, telecom, business construction and real estate
sectors, and more. Therefore, the escalating demand for drones for civil and
surveillance applications can work in favor of the high altitude long endurance
market from 2016 to 2022.
Market Segmentation
The High Altitude Long
Endurance Market has been considered for application and energy source.
The applications of High Altitude
Long Endurance satellite are civil, communication, surveillance, military, and
others.
Solar cell, hydrogen &
helium, fuel cells and lithium-ion batteries are some of the primary energy
sources that are used in aircrafts, and pseudo satellites.
Regional Insight
The regional assessment of
the high altitude long endurance (Pseudo Satellite) market has been conducted
across the Americas, APAC or Asia Pacific, Europe, and RoW or Rest of world.
North America was the
largest high-altitude pseudo satellites market in 2019, and the region will
offer several growth opportunities to market vendors during the forecast
period. The increasing surveillance and security-related applications and
substantial investments by private companies will significantly drive
high-altitude pseudo satellites market growth in this region over the forecast
period.
The APAC market can note
the fastest growth at a rate of approximately 11% in the years ahead, given the
technological advancements and the expansion of the industrial base in China
and Japan. Also, surge in government initiatives to boost domestic
manufacturing as well as production of military and defense equipment can
stimulate the market growth in the region.
Industry Update
April 2020: SoftBank,
Ericsson, DT, Telefonica, Nokia, Bharti Airtel, Loon and China Telecom are
coming together to form an HAPS Alliance and equip it with edge compute
capabilities for processing of real-time IoT data. This could lead to more
accurate weather prediction along with public safety applications including
quick response to floods, oil spills and wildfires, better weather forecasting;
tracking massive areas of oceans for illegal fishing, piracy and pollution, as
well as monitoring infrastructure and agriculture.
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