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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