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High-Altitude Pseudo-Satellite Market Share

Report ID: GMI10328
Published Date: Jul 2024
Report Format: PDF

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High-Altitude Pseudo-Satellite Market Share

North America dominated the global HAPS market in 2023, accounting for a share of over 34%. In North America, particularly the U.S., the HAPS market is witnessing significant growth driven by extensive Research and Development (R&D) activities in aerospace technologies. Companies are focusing on integrating AI and renewable energy solutions into HAPS platforms, aiming to enhance operational efficiency & sustainability. Additionally, companies focus on geographic expansion to tap into emerging markets and comply with regulatory standards. Emphasizing cost-effective solutions and operational efficiency also plays a crucial role in their market strategies.

Some of the other major players in the market are Alphabet Inc. (Loon), Leonardo S.p.A., AeroVironment, Inc., Facebook (Aquila), SZ DJI Technology Co., Ltd. (DJI), HAPSMobile Inc. (SoftBank), L3Harris Technologies, Raytheon Technologies Corporation, and QinetiQ Group.

High-Altitude Pseudo-Satellite Market Companies

Major players operating in the HAPS industry are:

Airbus SE
Boeing
Northrop Grumman Corporation
BAE Systems
Thales Group
Lockheed Martin Corporation

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Global high-altitude pseudo-satellite (HAPS) industry was valued at USD 85.4 billion in 2023 and is anticipated to register over 19.9% CAGR between 2024 and 2032, driven by environmental monitoring and disaster management along with strong demand for real-time decision-making and agility.

The UAVs segment in the high-altitude pseudo-satellite (HAPS) market is expected to reach USD 221 billion by 2032 due to rapid advancements in autonomy, endurance, and sensor technology.

North America high-altitude pseudo-satellite (HAPS) market held 34% revenue share in 2023, driven by extensive R&D activities in aerospace technologies.

Airbus SE, Boeing, Northrop Grumman Corporation, BAE Systems, Thales Group, and Lockheed Martin Corporation.