High Altitude Pseudo Satellite Market Size, Share, Industry Report, Revenue Trends and Growth Drivers

Overview

The High Altitude Pseudo Satellite Market size is projected to grow from USD 85 million in 2023 to USD 189 million by 2028, at a CAGR of 17.2% from 2023 to 2028. The market is driven by factors such as advancing payload integration techniques for versatile HAPS operations.

Attractive Opportunities in the High Altitude Pseudo-Satellite Market

EUROPE:

Europe is expected to lead the high altitude pseudo satellite market and missile market during the forecast period.

The growth of this market can be attributed to continuous R&D activities to develop advanced systems for high altitude pseudo satellites.

Europe is projected to reach USD 44 million by 2028, registering a CAGR of 58.0% during the forecast period

Contracts and agreements offer lucrative opportunities for market players during the forecast period.

Rise in demand for telecommunication, search & rescue operations and tracking, monitoring, and surveillance activities to boost growth

Global High Altitude Pseudo-Satellite Market Dynamics

Drivers: Increasing usage of global connectivity

Global connectivity is a key driver for the high altitude pseudo satellite market as the increasing demand for seamless and reliable internet connectivity across the globe, high altitude pseudo satellite technology offers a viable solution to bridge the digital divide and connect remote and underserved regions. High altitude pseudo satellite provides global coverage, enabling connectivity in areas where terrestrial infrastructure is limited or non-existent. This is particularly beneficial for industries such as maritime, aviation, and rural areas where traditional internet connectivity options may not be feasible. High altitude pseudo satellites also play a crucial role in disaster management and emergency response scenarios, providing immediate connectivity when terrestrial networks are disrupted. The ability to connect remote locations, facilitate real-time communication, and enable access to digital services fuels the demand for high altitude pseudo satellite and drives market growth. For instance in October 2022, the Kraus Hamdani Aerospace’s K1000ULE took part in Project Convergence 21 exercise, providing aerial network coverage for hours during testing of autonomous capabilities that could eventually be integrated into the U.S. Army’s next-generation platforms.

Restraints: Durability limits the efficiency of high altitude pseudo satellite

Durability can arise due to the harsh environment of the stratosphere, exposure to atmospheric conditions, mechanical stresses, and other factors. High altitude pseudo satellites operate in stratosphere, is characterized by extreme temperature variations, high winds, and low atmospheric pressure. These conditions can subject the vehicle's structure, components, and materials to significant stress, potentially leading to wear, fatigue, and degradation over time. Prolonged exposure to atmospheric turbulence, wind shear, and mechanical vibrations can lead to structural fatigue and wear on the vehicle's airframe and components. Over time, this can impact the vehicle's stability and overall operational effectiveness.High altitude pseudo satellite experience frequent shifts between extreme temperatures due to changes in sunlight and the Earth's shadow. These thermal cycles can stress materials and components, potentially leading to cracks, deformation, or reduced performance. HAPS can encounter mechanical stresses during launch, retrieval, or turbulent stratospheric conditions. These stresses can impact structural integrity and contribute to wear and tear on critical components. Despite ongoing advancements in high altitude pseudo satellite technology and the introduction of composite materials, efficiency gets affected due to durability thus remains a key challenge in fully realizing the potential of high altitude pseudo satellite.

Opportunities: Increasing need for high-speed, reliable communication networks in remote areas

Bridging the digital divide presents a significant opportunity for the high altitude pseudo satellite market. The digital divide refers to the gap between those who have access to reliable and high-speed internet connectivity and those who do not, often seen in underserved or remote areas. High altitude pseudo satellite has the potential to reach these underserved regions and provide them with essential connectivity. By leveraging satellite technology, service providers can overcome geographical barriers and offer internet access to areas where terrestrial infrastructure is limited or nonexistent. SoftBank launched its own Non-terrestrial Network (NTN) service to provide connectivity solutions from high altitudes and orbit in the five African countries that are Djibouti, Egypt, Kenya, Morocco, and Rwanda respectively.This opportunity is particularly relevant in rural and remote communities, developing countries, and areas affected by natural disasters or infrastructure challenges. By expanding access to high altitude pseudo satellite, individuals and communities can benefit from improved educational opportunities, enhanced healthcare services, economic development, and increased communication capabilities. Bridging the digital divide not only contributes to social inclusion and equality but also opens new markets for high altitude pseudo satellite. Governments, NGOs, and private companies are increasingly recognizing the importance of closing the digital divide, leading to potential partnerships, funding opportunities, and supportive policies for high altitude pseudo satellite deployment in underserved areas. With advancements in satellite technology and cost-effective solutions, high altitude pseudo satellite has a significant role to play in bridging the digital divide and enabling digital empowerment for all.

Challenges: Energy storage is a challenge for high altitude pseudo satellite.

Energy storage is a significant challenge for high altitude pseudo satellites (HAPS) due to the extended duration of their missions and the unique operational environment in which they operate. HAPS relies on solar energy for power generation but needs effective energy storage solutions to ensure continuous operation during nighttime, periods of low sunlight, and adverse weather conditions. HAPS operate at altitudes where they can experience prolonged periods of darkness during the night. During these times, they must rely on stored energy to power their systems, including communication equipment, sensors, and avionics. HAPS operate in the stratosphere, which exposes them to extreme temperatures, high winds, and other environmental stressors. Energy storage systems need to withstand these conditions and maintain their functionality. HAPS carry various payloads, communication systems, and avionics that require a continuous and stable power supply. The energy storage system must meet these power demands without interruptions.To overcome these challenges, the industry is focusing on developing lithium-sulphur batteries and adopting new battery technologies ranging from silicon nanowire anode technology to all-polymer batteries that are based on the bipolar lithium-ion battery module. The APB Corporation (Japan) and Sanyo Chemical Industries (Japan) are working on an all-polymer battery, with the aim of eliminating high voltage wiring parts and increasing the energy density. HAPSMobile tested higher-power lithium-metal battery packs with a significantly higher specific energy of 439 Wh/kg. Further data and testing will be required to validate the use of this technology for HAPS. It should be noted that some stakeholders indicated that the reusability of existing types of batteries after an operation is currently limited as well, with the batteries needing to be replaced after every flight. Hence, there is still room for improvement in this regard as well.

Global High Altitude Pseudo-Satellite Market Ecosystem Analysis

Prominent companies and startups that provide high altitude pseudo satellite and their services, distributors/suppliers/retailers, military organizations, defense contractors, and end customers are the key stakeholders in the high altitude pseudo satellite market ecosystem. Investors, funders, distributors, and service providers serve as the major influencers in the market. Prominent companies in this market include well-established, financially stable manufacturers of high altitude pseudo satellite with a global presence. These companies have been operating in the market for several years and have a diversified product portfolio, state-of-the-art technologies, and robust global sales and marketing networks. Prominent companies include AeroVironment, Inc. (US), Airbus (Germany), Prismatic Ltd. (UK), Thales Alenia Space (France), and Softbank Group Corp. (Japan). Private and small enterprises are companies with a comparatively limited product portfolio, financial strength, and specialization in specific systems and subsystems. Some companies could enter strategic partnerships and joint ventures with prominent companies to gain a strong foothold in the high altitude pseudo satellite market. Currently, private and small enterprises are looking at funding and investments for the development of advanced high altitude pseudo satellite. Astigan Limited (UK), UAVOS Inc. (US) are some of the private and small players in this ecosystem.

UAVs platform to have highest market share in the High altitude pseudo satellite market 2023

UAVs, or Unmanned Aerial Vehicles platforms offer several benefits compared to traditional satellites, including cost-effectiveness, quicker deployment times, and the flexibility to be easily relocated or retrieved for maintenance and upgrades. HAPS UAVs can be solar-powered, enabling prolonged flight durations, and they can carry a diverse range of payloads, such as communication gear, sensors, and cameras.An illustration of UAV technology is Zephyr, developed by Airbus (Germany), capable of remaining in flight for up to 25 days in its lengthiest mission, providing local augmentation and swift deployment capabilities for various purposes, including communication, surveillance, and environmental monitoring. Two well-known versions of HAPS UAVs are the Sunglider by Aerovironment (US), and the Astigan A3 by Astigan Ltd (UK), along with the PHASA 35 offered by Prismatic Ltd (UK).

Communication Application Segment have highest market share in the High altitude pseudo satellite market 2023

"The high altitude pseudo satellite segment encompasses communication applications, which involve the utilization of HAPS platforms to establish and enhance communication links between various points across the Earth's surface. HAPS can function as airborne relay stations, extending communication coverage to remote or underserved regions, while also providing additional capacity and backup to existing communication infrastructure. These platforms come equipped with communication tools, including transceivers, antennas, and signal processing systems. Consequently, HAPS have the capability to offer internet connectivity to rural and remote areas that lack access to conventional communication networks.In 2020, Loon (US) conducted trials of a balloon-based 4G internet service, serving 35,000 customers and initially covering an area of 50,000 square kilometers to provide internet access to remote regions of Kenya. In June 2021, SoftBank Group Corp. (Japan) introduced its own Non-terrestrial Network (NTN) service, offering connectivity solutions from high altitudes and orbits.Commercial end user segment to have the higher market share for the High altitude pseudo satellite market in 2023.Commercial HAPS are equipped with communication capabilities, such as 4G/5G base stations and satellite-like transponders, which provide high-speed internet and cellular connectivity to remote or underserved areas. This proves especially beneficial in regions lacking terrestrial infrastructure or during disaster recovery efforts.In 2020, Google's subsidiary, Loon (US), tested a 4G internet service using balloons, serving 35,000 customers and initially covering an area of 50,000 square kilometers to deliver internet access to remote regions in Kenya. High-altitude HAPS are employed for scientific research, specialized communication requirements, and atmospheric monitoring. Furthermore, in June 2021, SoftBank (Japan) launched its Non-terrestrial Network (NTN) service to offer connectivity solutions from high altitudes and orbits.

EUROPE Region Holds the Largest Share of the High Altitude Pseudo-Satellite Market

Europe is projected to be the highest growth in high altitude pseudo satellite market during the forecast period as major companies such as Prismatic Ltd. (UK), Airbus (France), and Thales Group (France are based in the Europe. These players continuously invest in the R&D of new and advanced technology used in high altitude pseudo satellites.

Recent Developments of High Altitude Pseudo-Satellite Market industry

In July 2023, PHASA-35 successfully completed a stratospheric flight trial in June 2023, exceeding an altitude of 66,000ft, before landing safely in New Mexico, US. In March 2023, Thales group signed a contract with the European Commission for the EuroHAPS demonstration project worth USD 45.4 million. The contract includes development of three different stratospheric platforms to test a range of capabilities and missions including intelligence, surveillance, and reconnaissance (ISR) as well as communications and electronic intelligence. Light detection and ranging (LIDAR) observation, to detect and classify targets at sea or on land including in vegetation cover, and a meshed broadband communications network will also be trialled. In October 2022, Airbus has signed a contract with Salam, a leading Saudi information & telecommunication company and part of the Mawarid Media & Communications Group (MMCG), to progress the development of private networks, internet of things (IoT) applications, disaster management solutions and other connectivity and high-altitude Earth observation services from the stratosphere to serve the Kingdom of Saudi Arabia. In November 2022, Airbus HAPS Connectivity Business (Airbus HAPS) signed a Letter of Intent (LoT) with Space Compass Corporation of Japan for a cooperation agreement to service the Japanese market with mobile connectivity and earth observation services from the Stratosphere. SoftBank Group and Lendlease Corporation formed a joint venture in April 2022, called HAPSMobile Australia Pty Ltd. to explore the deployment of HAPS (High Altitude Platform Station) in Australia. In September 2021, Thales group signed a contract with the European Commission for the HEMERA 2020 demonstration project. The demonstration flight of an open stratospheric balloon was carried out on 11th September 2021 at Kiruna, Sweden, and was designed to test the airship’s emergency recovery capacity. In June 2022, a latest test flight of Zephyr was conducted at US Army’s Yuma, Arizona Proving Ground. It flew for 63 days, cruising at 74 km/hr (40 knots) ground speed and at an altitude of 21,488.4 m (70,500 ft).

In September 2021, SoftBank Group has acquired approximately 200 patents, including patents pending, for High Altitude Platform Stations (HAPS) from Loon LLC. The patents are related to network technologies, services, operations, and aircraft for HAPS. The Airbus Zephyr S completes a successful test flight campaign in September 2021 at US Army’s Yuma, Arizona Proving Ground. This campaign consists of six flights in total, four low level test flights and two stratospheric flights. The stratospheric flights flew for around 18 days each, totaling more than 36 days of stratospheric flight in the campaign. In December 2020, Airbus successfully completed a test flight campaign for its Zephyr S in Arizona, U.S. The Zephyr S fitted with new software control systems and specific flight test instruments that demonstrated take-off, climb, cruise, upgraded flight control and descent phases, followed by successful landings. In October 2020, PHASA-35, a 35-meter wingspan solar-electric aircraft, successfully completed critical endurance trials for 72 hours with Defence Science and Technology Laboratory (DSTL)’s (UK), communications sensor payload, in a simulated environment that models the harsh stratospheric conditions in which the aircraft is designed to operate In October 2020, AeroVironment Inc. successfully completed test flight campaign reaching an altitude of more than 60,000 feet above sea level and successfully demonstrating mobile broadband communication on consumer smartphones, linking teams in Tokyo, New Mexico, and Silicon Valley for 20 hours test flight. In January 2020, Thales Group signed a contract with the Defence Procurement Agency of France for a full-scale autonomous Stratobus demonstrator airship. The aim of the contract is to improve and expand France’s defense capabilities by stratospheric platforms. In October 2019, Airbus has partnered with U.S. based Amprius Inc. for the development of new generation batteries based on Silicon Nanowire Anode-based Lithium-Ion Batteries which helps to expand production capability to match near term needs of the Zephyr.

Key Market Players

KEY PLAYERS IN THE HIGH ALTITUDE PSEUDO-SATELLITE MARKET INCLUDE

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Scope of the Report

Report Attribute	Details
Estimated Market Size	USD 85 Million in 2023
Projected Market Size	USD 189 Million in 2028
Growth Rate (CAGR)	0.172
Market size available for years	2020–2028
Base year considered	2022
Forecast period	2020-2028
Forecast units	Value (USD Million)
Segments covered	Platform, Application, End User and Region
Geographies covered	North America, Europe, Asia Pacific, and Rest of the World
Companies covered	AeroVironment, Inc. (US), Prismatic Ltd. (UK), Airbus (France), Thales Group (France), and SoftBank Group Corp. (Japan) and many more.

Key Questions Addressed by the Report

What is the current size of High altitude pseudo satellite market?

Response: The high altitude pseudo satellite market size is projected to grow from USD 85 million in 2023 to USD 189 million by 2028, at a CAGR of 17.2% from 2023 to 2028.

What are the key sustainability strategies adopted by leading players operating in the high altitude pseudo satellite market?

Response: The organic and inorganic strategies adopted by key players to strengthen their position in the High altitude pseudo satellite market are high R&D investment, new test flights, collaborations & expansions, contracts, partnerships, and agreements, to expand their presence in the market further.

What factors support high altitude pseudo satellite market growth during the forecast period?

Response: Improving reliability for long-duration HAPS deployments, rising demand of HAPS in emergency services, advancing payload integration techniques for versatile HAPS operations and growing adoption of composite material to build lightweight HAPS.

Which region is expected to hold the highest market share in the High altitude pseudo satellite market?

Response: North America accounted for the largest share of 55.3 % of the market in 2023.

Who are the leading players in High altitude pseudo satellite market?

Response: AeroVironment, Inc. (US), Prismatic Ltd. (UK), Airbus (France), Thales Group (France), and SoftBank Group Corp. (Japan) are the leading players in the High altitude pseudo satellite market.

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TITLE

PAGE NO

INTRODUCTION

RESEARCH METHODOLOGY

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS

DRIVERS

- Need for global connectivity

- Rising adoption of composite materials in high-altitude pseudo-satellites

- Increasing use of high-altitude pseudo-satellites in emergency services

- Versatility of payload integration techniques

RESTRAINTS

- Limited durability due to extreme atmospheric conditions

- Stringent government regulations for deployment of satellite communication systems

OPPORTUNITIES

- Need for high-speed communication networks in remote areas

- Growing scientific exploration through high-altitude pseudo-satellites

CHALLENGES

- Issues pertaining to energy storage

- Limitations associated with thermal management
5.3 VALUE CHAIN ANALYSIS
5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.5 ECOSYSTEM MAPPING

PROMINENT COMPANIES

PRIVATE AND SMALL ENTERPRISES

START-UPS

END USERS
5.6 PORTER’S FIVE FORCES ANALYSIS

THREAT OF NEW ENTRANTS

THREAT OF SUBSTITUTES

BARGAINING POWER OF SUPPLIERS

BARGAINING POWER OF BUYERS

INTENSITY OF COMPETITIVE RIVALRY
5.7 PRICING ANALYSIS
5.8 REGULATORY LANDSCAPE
5.9 USE CASE ANALYSIS

ENVIRONMENTAL MONITORING AND DISASTER MANAGEMENT

COMMUNICATION AND CONNECTIVITY

SURVEILLANCE AND SECURITY
5.10 KEY CONFERENCES AND EVENTS, 2023–2024
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA

STAKEHOLDERS IN BUYING PROCESS

BUYING CRITERIA

INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS

IMPROVED SOLAR PANELS

GUST LOAD ALLEVIATION

LITHIUM-ION BATTERIES

ADVANCED COMMUNICATION SYSTEMS

HYDROGEN FUEL CELLS

MINIATURIZED PAYLOADS

AUTONOMOUS OPERATIONS AND ARTIFICIAL INTELLIGENCE

USE OF ADVANCED MATERIALS
6.3 IMPACT OF MEGATRENDS

REMOTE CONNECTIVITY THROUGH HIGH-ALTITUDE PSEUDO-SATELLITES

INTERNET OF THINGS

BEAMFORMING
6.4 SUPPLY CHAIN ANALYSIS
6.5 INNOVATIONS AND PATENT REGISTRATIONS
6.6 ROADMAP OF HIGH-ALTITUDE PSEUDO-SATELLITE MARKET

HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY PLATFORM

7.1 INTRODUCTION
7.2 AIRSHIPS

BOOST IN SURVEILLANCE AND RECONNAISSANCE ACTIVITIES TO DRIVE GROWTH
7.3 BALLOONS

OPTIMIZED EFFICIENCY AND SECURITY TO DRIVE GROWTH
7.4 UNMANNED AERIAL VEHICLES (UAVS)

HIGH PAYLOAD CARRYING CAPACITY TO DRIVE GROWTH

HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 COMMUNICATION

HIGH DEMAND FOR INTERNET FROM RURAL AND REMOTE AREAS TO DRIVE GROWTH
8.3 EARTH OBSERVATION & REMOTE SENSING

NEED FOR REAL-TIME IMAGERY IN DISASTER RESPONSE TO DRIVE GROWTH
8.4 OTHERS

HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY END USER

9.1 INTRODUCTION
9.2 COMMERCIAL

RISE IN URBAN PLANNING AND INFRASTRUCTURE DEVELOPMENT TO DRIVE GROWTH
9.3 GOVERNMENT & DEFENSE

PREDOMINANT USE IN SECURITY AND SURVEILLANCE MISSIONS TO DRIVE GROWTH

HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY REGION

10.1 INTRODUCTION
10.2 RECESSION IMPACT ANALYSIS
10.3 NORTH AMERICA

PESTLE ANALYSIS

US

- Advancements in satellite technology to drive growth

CANADA

- Increased government investments in high-altitude pseudo-satellite infrastructure to drive growth
10.4 EUROPE

PESTLE ANALYSIS

UK

- Large-scale presence of key players to drive growth

FRANCE

- Booming high-altitude technologies to drive growth

GERMANY

- Rapid development of new satellite technologies to drive growth

ITALY

- Widespread applications of high-altitude pseudo-satellites to drive growth

SPAIN

- Boost in tracking, monitoring, and surveillance activities to drive growth

REST OF EUROPE
10.5 ASIA PACIFIC

PESTLE ANALYSIS

CHINA

- Rising popularity of satellite broadband to drive growth

INDIA

- Government initiatives to improve defense capabilities to drive growth

JAPAN

- Expanding rural connectivity to drive growth

SOUTH KOREA

- Financial and regulatory support for development of high-altitude pseudo-satellites to drive growth

AUSTRALIA

- Increasing investments in development of satellite Internet to drive growth
10.6 REST OF THE WORLD

PESTLE ANALYSIS

LATIN AMERICA

- Need for advanced high-altitude pseudo-satellites to drive growth

MIDDLE EAST & AFRICA

- Increasing demand for high-speed Internet to drive growth

COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023
11.3 MARKET RANKING ANALYSIS, 2022
11.4 COMPANY EVALUATION MATRIX

STARS

EMERGING LEADERS

PERVASIVE PLAYERS

PARTICIPANTS

COMPANY FOOTPRINT
11.5 START-UP/SME EVALUATION MATRIX

PROGRESSIVE COMPANIES

RESPONSIVE COMPANIES

DYNAMIC COMPANIES

STARTING BLOCKS

COMPETITIVE BENCHMARKING
11.6 COMPETITIVE SCENARIO

MARKET EVALUATION FRAMEWORK

PRODUCT LAUNCHES

DEALS

OTHER DEVELOPMENTS

COMPANY PROFILES

103

12.1 KEY PLAYERS

AIRBUS

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

AEROVIRONMENT, INC.

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

PRISMATIC LTD.

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

THALES

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

HAPSMOBILE INC.

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

AURORA FLIGHT SCIENCES

- Business overview

- Products/Solutions/Services offered

HEMERIA

- Business overview

- Products/Solutions/Services offered

AEROSTAR

- Business overview

- Products/Solutions/Services offered

- Recent developments

UAVOS INC

- Business overview

- Products/Solutions/Services offered

- Recent developments

CAPGEMINI

- Business overview

- Products/Solutions/Services offered

- Recent developments

SIERRA NEVADA CORPORATION

- Business overview

- Products/Solutions/Services offered

- Recent developments

SWIFT ENGINEERING

- Business overview

- Products/Solutions/Services offered

- Recent developments

SKYDWELLER

- Business overview

- Products/Solutions/Services offered

- Recent developments

SCEYE INC

- Business overview

- Products/Solutions/Services offered

- Recent developments

STRATOSPHERIC PLATFORMS LTD.

- Business overview

- Products/Solutions/Services offered

- Recent developments
12.2 OTHER PLAYERS

COMPOSITE TECHNOLOGY TEAM

ILC DOVER LP

KRAUS HAMDANI AEROSPACE, INC.

ATLAS

ELSON SPACE ENGINEERING

AVEALTO

STRATOSYST S.R.O.

AIRSTAR AEROSPACE

TAO TRANS ATMOSPHERIC OPERATIONS

ZERO 2 INFINITY S.L.

APPENDIX

144

13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 USD EXCHANGE RATES
TABLE 2 KEY INFORMATION ON HIGH-ALTITUDE PSEUDO-SATELLITES
TABLE 3 ROLE OF COMPANIES IN ECOSYSTEM
TABLE 4 IMPACT OF PORTER’S FIVE FORCES ANALYSIS
TABLE 5 AVERAGE SELLING PRICE OF HIGH-ALTITUDE PSEUDO-SATELLITES, BY PLATFORM, 2022 (USD MILLION/UNIT)
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING HIGH-ALTITUDE PSEUDO- SATELLITES, BY END USER (%)
TABLE 12 KEY BUYING CRITERIA FOR HIGH-ALTITUDE PSEUDO-SATELLITES, BY END USER
TABLE 13 KEY PATENTS
TABLE 14 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY PLATFORM, 2020–2022 (USD MILLION)
TABLE 15 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY PLATFORM, 2023–2028 (USD MILLION)
TABLE 16 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY APPLICATION, 2020–2022 (USD MILLION)
TABLE 17 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 18 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY END USER, 2020–2022 (USD MILLION)
TABLE 19 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY END USER, 2023–2028 (USD MILLION)
TABLE 20 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY REGION, 2020–2022 (USD MILLION)
TABLE 21 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 22 RECESSION IMPACT ANALYSIS
TABLE 23 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023
TABLE 24 COMPANY FOOTPRINT
TABLE 25 END USER FOOTPRINT
TABLE 26 PLATFORM FOOTPRINT
TABLE 27 REGION FOOTPRINT
TABLE 28 KEY START-UPS/SMES
TABLE 29 COMPETITIVE BENCHMARKING OF START-UPS/SMES
TABLE 30 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET: PRODUCT LAUNCHES, JANUARY 2020–DECEMBER 2023
TABLE 31 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET: DEALS, JANUARY 2020–DECEMBER 2023
TABLE 32 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET: OTHER DEVELOPMENTS, JANUARY 2020–DECEMBER 2023
TABLE 33 AIRBUS: COMPANY OVERVIEW
TABLE 34 AIRBUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 35 AIRBUS: PRODUCT LAUNCHES
TABLE 36 AIRBUS: DEALS
TABLE 37 AEROVIRONMENT, INC.: COMPANY OVERVIEW
TABLE 38 AEROVIRONMENT, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
TABLE 39 AEROVIRONMENT, INC.: PRODUCT LAUNCHES
TABLE 40 PRISMATIC LTD.: COMPANY OVERVIEW
TABLE 41 PRISMATIC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 42 PRISMATIC LTD.: PRODUCT LAUNCHES
TABLE 43 THALES: COMPANY OVERVIEW
TABLE 44 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 45 THALES: DEALS
TABLE 46 HAPSMOBILE INC.: COMPANY OVERVIEW
TABLE 47 HAPSMOBILE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 48 HAPSMOBILE INC.: PRODUCT LAUNCHES
TABLE 49 HAPSMOBILE INC.: DEALS
TABLE 50 AURORA FLIGHT SCIENCES: COMPANY OVERVIEW
TABLE 51 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 52 HEMERIA: COMPANY OVERVIEW
TABLE 53 HEMERIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 54 AEROSTAR: COMPANY OVERVIEW
TABLE 55 AEROSTAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 56 AEROSTAR: PRODUCT LAUNCHES
TABLE 57 AEROSTAR: DEALS
TABLE 58 UAVOS INC: COMPANY OVERVIEW
TABLE 59 UAVOS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 60 UAVOS INC: PRODUCT LAUNCHES
TABLE 61 CAPGEMINI: COMPANY OVERVIEW
TABLE 62 CAPGEMINI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 63 CAPGEMINI: PRODUCT LAUNCHES
TABLE 64 SIERRA NEVADA CORPORATION: COMPANY OVERVIEW
TABLE 65 SIERRA NEVADA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 66 SIERRA NEVADA CORPORATION: PRODUCT LAUNCHES
TABLE 67 SIERRA NEVADA CORPORATION: DEALS
TABLE 68 SWIFT ENGINEERING: COMPANY OVERVIEW
TABLE 69 SWIFT ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 70 SWIFT ENGINEERING: PRODUCT LAUNCHES
TABLE 71 SWIFT ENGINEERING: DEALS
TABLE 72 SKYDWELLER: COMPANY OVERVIEW
TABLE 73 SKYDWELLER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 74 SKYDWELLER: PRODUCT LAUNCHES
TABLE 75 SKYDWELLER: DEALS
TABLE 76 SCEYE INC: COMPANY OVERVIEW
TABLE 77 SCEYE INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 78 SCEYE INC: PRODUCT LAUNCHES
TABLE 79 SCEYE INC: DEALS
TABLE 80 STRATOSPHERIC PLATFORMS LTD.: COMPANY OVERVIEW
TABLE 81 STRATOSPHERIC PLATFORMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 82 STRATOSPHERIC PLATFORMS LTD.: PRODUCT LAUNCHES
TABLE 83 STRATOSPHERIC PLATFORMS LTD.: DEALS
TABLE 84 COMPOSITE TECHNOLOGY TEAM: COMPANY OVERVIEW
TABLE 85 ILC DOVER LP: COMPANY OVERVIEW
TABLE 86 KRAUS HAMDANI AEROSPACE, INC.: COMPANY OVERVIEW
TABLE 87 ATLAS: COMPANY OVERVIEW
TABLE 88 ELSON SPACE ENGINEERING: COMPANY OVERVIEW
TABLE 89 AVEALTO: COMPANY OVERVIEW
TABLE 90 STRATOSYST S.R.O.: COMPANY OVERVIEW
TABLE 91 AIRSTAR AEROSPACE: COMPANY OVERVIEW
TABLE 92 TAO TRANS ATMOSPHERIC OPERATIONS: COMPANY OVERVIEW
TABLE 93 ZERO 2 INFINITY S.L.: COMPANY OVERVIEW

LIST OF FIGURES

FIGURE 1 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET SEGMENTATION
FIGURE 2 RESEARCH PROCESS FLOW
FIGURE 3 RESEARCH DESIGN
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
FIGURE 6 BOTTOM-UP APPROACH
FIGURE 7 TOP-DOWN APPROACH
FIGURE 8 DATA TRIANGULATION
FIGURE 9 RESEARCH ASSUMPTIONS
FIGURE 10 UAVS TO LEAD HIGH-ALTITUDE PSEUDO-SATELLITE MARKET DURING FORECAST PERIOD
FIGURE 11 EARTH OBSERVATION & REMOTE SENSING TO SURPASS COMMUNICATION SEGMENT DURING FORECAST PERIOD
FIGURE 12 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
FIGURE 13 INCREASED GOVERNMENT FUNDING FOR INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE CAPABILITIES
FIGURE 14 AIRSHIPS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 15 OTHERS TO BE LARGEST SEGMENT DURING FORECAST PERIOD
FIGURE 16 COMMERCIAL SEGMENT TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
FIGURE 18 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET DYNAMICS
FIGURE 19 VALUE CHAIN ANALYSIS
FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 21 ECOSYSTEM MAPPING
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING HIGH-ALTITUDE PSEUDO-SATELLITES, BY END USER
FIGURE 24 KEY BUYING CRITERIA FOR HIGH-ALTITUDE PSEUDO-SATELLITES, BY END USER
FIGURE 25 SUPPLY CHAIN ANALYSIS
FIGURE 26 DEVELOPMENT POTENTIAL OF HIGH-ALTITUDE PSEUDO-SATELLITES, 1983–2030
FIGURE 27 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY PLATFORM, 2023–2028
FIGURE 28 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY APPLICATION, 2023–2028
FIGURE 29 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY END USER, 2023–2028
FIGURE 30 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET, BY REGION, 2023–2028
FIGURE 31 MARKET RANKING OF KEY PLAYERS, 2022
FIGURE 32 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET: COMPANY EVALUATION MATRIX, 2022
FIGURE 33 HIGH-ALTITUDE PSEUDO-SATELLITE MARKET: START-UP/SME EVALUATION MATRIX, 2022
FIGURE 34 AIRBUS: COMPANY SNAPSHOT
FIGURE 35 AEROVIRONMENT, INC.: COMPANY SNAPSHOT
FIGURE 36 PRISMATIC LTD.: COMPANY SNAPSHOT
FIGURE 37 THALES: COMPANY SNAPSHOT
FIGURE 38 AURORA FLIGHT SCIENCES: COMPANY SNAPSHOT
FIGURE 39 CAPGEMINI: COMPANY SNAPSHOT

The research study conducted on high altitude pseudo satellite market involved extensive use of secondary sources, including directories, databases of articles, journals on high altitude pseudo satellite, company newsletters, and information portals such as Hoover’s, Bloomberg, and Factiva to identify and collect information useful for this extensive, technical, market-oriented study of the high altitude pseudo satellite market. Primary sources include industry experts from the core and related industries, alliances, organizations, Original Equipment Manufacturers (OEMs), vendors, suppliers, and technology developers. These sources relate to all segments of the value chain of high altitude pseudo satellite market.

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects.

Secondary Research

The market ranking of companies was determined using the secondary data made available through paid and unpaid sources and by analyzing the service portfolios of major companies. These companies were rated on the basis of performance and quality of their products. Primary sources further validated these data points.

Secondary sources referred to for this research study include financial statements of companies offering high-altitude pseudo satellites and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the High-Altitude Pseudo-Satellite market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information about the current scenario of the High-Altitude pseudo-satellite market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across regions: North America, Europe, Asia Pacific, and the Rest of the World. This primary data was collected through questionnaires, emails, and telephonic interviews.

In the primary research process, various sources were interviewed to obtain qualitative and quantitative information on the market. Sources from the supply side included various industry experts, such as chief X officers (CXOs), vice presidents (VPs), and directors from business development, marketing, and product development/innovation teams; related key executives from the market participants, such as independent consultants; manufacturers; parts manufacturers of High-Altitude pseudo-Satellite, and key opinion leaders.

These interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. It also helped analyze the platform, solution, application, and range,

Stakeholders from the demand side, such as CXOs, production managers, and maintenance engineers, were interviewed to understand the perspective of buyers on product suppliers and service providers, along with their current usage. It also helped in understanding the future outlook of their businesses, which will affect the overall High Altitude Pseudo Satellite market.

High Altitude Pseudo Satellite Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the high-altitude pseudo satellite market. The figure in the below section is a representation of the overall market size estimation process employed for the purpose of this study.

The research methodology used to estimate the market size includes the following details.

Key players in the markets were identified through secondary research, and their market shares were determined through primary and secondary research. This included an extensive study of top market players' annual and financial reports and interviews with CEOs, directors, and marketing executives.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

High Altitude Pseudo Satellite Market Size: Bottom-Up Approach

High Altitude Pseudo Satellite Market Size, and Bottom-Up Approach

High Altitude pseudo satellite market Size: Top-Down Approach

High Altitude Pseudo Satellite Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments, the data triangulation and market breakdown procedures explained below were implemented wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used in this report.

High Altitude Pseudo Satellite Market Size, and Data Triangulation

Market Defination

High-altitude pseudo satellite is a solar-powered high altitude long endurance unmanned aerial vehicle (UAV), watching over earth from the stratosphere. The term "Pseudo-Satellite” is used because of its capability to stay above an area for a very long period like a satellite. The flying altitude of high-altitude pseudo satellite is just above the commercial aircraft and drones but operates like a satellite. The best working altitude is 20km, 8-10km above commercial airlines where the wind speed is sufficient for high altitude pseudo satellite to hold the position for long period. It can remain in its position for weeks or months. Technologically the main advantage of this altitude is very less meteorological events with light winds. At an altitude of 20 km despite the curvature of the earth, it can cover an area of radius 200km. The potential to stay above an area of a radius of 200km for months, makes it the best-suited platform for real-time monitoring/surveillance, communication, earth observation and complementing the existing Air-born and Space born platforms.

Key Stakeholders

High Altitude Pseudo Satellite Manufacturers
Component Manufacturers
Defence Contractors
Government and Defence Organizations
Commercial Organizations
Payload & Warhead Suppliers
Technologists
R&D Staff

Report Objectives

To define, describe, and forecast the size of the high altitude pseudo satellite market based on platform, application, end user and region
To forecast the size of the various segments of the high altitude pseudo satellite market based on six regions: North America, Europe, Asia Pacific, and Rest of the World, along with key countries in each of these regions
To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
To identify industry trends, market trends, and technology trends prevailing in the market
To analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as new product developments, contracts, partnerships, joint ventures, agreements, and collaborations adopted by key players in the market
To identify the detailed financial position, key products, unique selling points, and key developments of leading companies in the market
To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies

1 Micromarkets refer to further segments and subsegments of High-altitude pseudo satellite market included in the report.

2 Companies' Core competencies were captured in terms of their key developments and key strategies they adopted to sustain their position in the market.

Available customizations

Along with the market data, MarketsandMarkets offers customizations per the specific needs of companies. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the market segments at country-level

High Altitude Pseudo-Satellite Market

High Altitude Pseudo-Satellite Market by Platform (Airships, Balloons, UAVs), Application (Communication, Earth Observation & Remote Sensing, Others (ISR, Monitoring, Search and Rescue, Navigation)), End User and Region - Global Forecast to 2028

US Tariff Impact on High Altitude Pseudo-Satellite Market