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High Altitude Platform Market Share

Report ID: GMI683
Published Date: Oct 2017
Report Format: PDF

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High Altitude Platform Market Share

The vendors in the high altitude platform market include :

Aerostar International, Inc
Avealto Ltd
TCOM L.P
Israel Aerospace Industries Ltd
Lindstrand Technologies Ltd
Raytheon Company
Thales Group
Airbus SE
Lockheed Martin Corporation
Rafael Advanced Defense Systems Ltd

A prominent strategy amongst the HAP market players is entering into partnerships with other players. For instance, the company had entered in to a partnership with Lockheed Martin for the launch of UAS products such as the Global Observer. AeroVironment, Inc. acquired a contract of USD 2.5 million contract for the continuation and expansion of their Blackwing UAS Program which are anticipated to be delivered by May 2018 to the U.S. Army.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of high altitude platform crossed USD 1 billion in 2016.

The industry share of high altitude platform is predicted to grow at 5%+ CAGR to 2024.

Increase in global defense expenditure for the acquisition of advanced surveillance and defense technologies are likely to drive the market demand.

The U.S is anticipated to exhibit extensive sales on account of huge military customer base and favorable government initiatives and reforms.

Tethered aerostat systems are predicted to gain traction globally pertaining to its huge application spectrum including environmental research, surveillance, disaster management, and others.

Surveillance applications segment across the industry is touted to gain hefty proceeds worldwide perhaps attributing to public and military safety adoption and ability of high-altitude platforms to carry heavy payloads.