The major growth driver of High altitude long endurance (Pseudo Satellite) Market includes high installation and operation cost of geostationary satellites, and high need of surveillance required on borders among others. However, factors such as variable weather & climate conditions and air traffic regulations are expected to hinder the market growth of High altitude long endurance (Pseudo Satellite) in the forecast period 2016-2022.
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High Altitude Long Endurance Market 2020 Statistics, Future Plans, Competitive Landscape and Trends by Forecast 2023
1. 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.
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.
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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
2. 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.
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.
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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