Dublin, Aug. 19, 2024 (GLOBE NEWSWIRE) -- The "High-Altitude Pseudo Satellites (HAPS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for High-Altitude Pseudo Satellites (HAPS) is estimated at US$82.5 Million in 2023 and is projected to reach US$230.5 Million by 2030, growing at a CAGR of 15.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the HAPS market is driven by several factors, including the increasing demand for high-speed internet and enhanced connectivity in remote areas, which propels the adoption of HAPS for telecommunications. The rise in natural disasters and the need for real-time monitoring and rapid response capabilities spur the use of HAPS in disaster management and environmental monitoring. Governmental initiatives and regulatory frameworks supporting the deployment of high-altitude platforms for national security and surveillance further strengthen the business case for HAPS.
Additionally, the expanding use of HAPS in precision agriculture, driven by the need for real-time data and efficient resource management, generates significant market opportunities. Consumer behavior trends, such as the growing reliance on mobile devices and the demand for uninterrupted connectivity, accelerate the adoption of HAPS technologies. The continuous advancements in solar power and battery technology, along with the integration of AI-driven data analytics, sustain the growth of the HAPS market by enhancing the efficiency and operational lifespan of these platforms.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Unmanned Aerial Vehicles (UAVs) Platform segment, which is expected to reach US$105.9 Million by 2030 with a CAGR of a 14.6%. The Balloons Platform segment is also set to grow at 16.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $22.5 Million in 2023, and China, forecasted to grow at an impressive 20.8% CAGR to reach $51.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AALTO Haps Ltd., AeroVironment, Inc., Amprius Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $82.5 Million |
| Forecasted Market Value (USD) by 2030 | $230.5 Million |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- High-Altitude Pseudo Satellites (HAPS) - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for High-Speed Internet in Remote Areas Spurs Adoption
- Growing Need for Enhanced Connectivity Expands Addressable Market Opportunity
- Rise in Natural Disasters Throws the Spotlight on Real-Time Monitoring Solutions
- Advancements in Solar Power Technology Propel Growth in HAPS Efficiency
- Regulatory Frameworks Supporting National Security and Surveillance Drive Adoption
- Precision Agriculture Needs Generate Demand for Real-Time Data Solutions
- Expanding Use of Mobile Devices and Uninterrupted Connectivity Accelerates Market Growth
- Environmental Monitoring Requirements Generate Opportunities for HAPS Utilization
- Growing Emphasis on Disaster Management Spurs Adoption of Advanced Monitoring Platforms
- Commercial Applications in Telecommunications Expand Market Opportunity
- Increasing Investment in Aerospace Technology Drives Innovation in HAPS
- Demand for Low-Latency Communication Services Expands Addressable Market
- Continuous Coverage and High-Resolution Imagery Propel Growth in Surveillance Applications
FOCUS ON SELECT PLAYERS(Total 86 Featured)
- AALTO Haps Ltd.
- AeroVironment, Inc.
- Amprius Technologies
- BAE Systems plc
- CTT doo Beograd
- EOatDHI
- ETL Systems Ltd.
- Mira Aerospace
- Sceye Inc.
- SoftBank Corp.
- Stratospheric Platforms Ltd.
- Stratosyst s.r.o.
- TAO Trans Atmospheric Operations GmbH
- UAVOS Inc.
- Zero 2 Infinity S.L
For more information about this report visit https://www.researchandmarkets.com/r/kciapj
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