High Altitude Pseudo Satellite Market

High Altitude Pseudo Satellite Companies - AeroVironment, Inc. (US) and Prismatic Ltd. (UK) are the Key Players

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 growth can be attributed to the improving reliability for long-duration HAPS deployments and growing adoption of composite material to build lightweight HAPS.

Major High Altitude Pseudo Satellite Companies Include:

  • AeroVironment, Inc. (US)
  • Prismatic Ltd. (UK)
  • Airbus (France)
  • Thales Group (France)
  • SoftBank Group Corp. (Japan)

To strengthen their position in this market, these companies have implemented various growth strategies, including high R&D investment, new product and service launches, collaborations & expansions, contracts, partnerships, and agreements.

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

AEROVIRONMENT INC.

AeroVironment, Inc. designs, develops, produces, supports, and operates a technologically-advanced portfolio of products and services for government agencies and businesses. The company engages in high altitude pseudo satellite mission to fulfil strategic objectives of defense and government to ensure safe and well-functioning borders by delivering ISR and communications, including real-time tactical reconnaissance, tracking, and geographic data and reaching the billions of people worldwide who lack even basic wireless communications and provide the additional bandwidth needed to support the emerging 5G standard and the Internet of Things.

Sunglider, the high-altitude platform station was designed to serve a 200-kilometer area from a position 20 kilometers in the atmosphere, in 2019. The development and testing are funded by HAPSMobile Inc. (Japan) which is a joint venture between SoftBank Corp. (Japan) and AeroVironment Inc.

PRISMATIC LTD

Prismatic Ltd, a BAE System company has over 10 years of experience developing un-crewed air systems designed for flight in the stratosphere. The company is a high-altitude pseudo-satellite (HAPS) company that provides telecommunications and Earth observation services. The company's HAPS platforms are long-endurance aircraft that fly at altitudes of 20-30 kilometers, providing persistent coverage over large areas. The company plans to launch commercial HAPS services in 2024. The company plans to offer telecommunications services, such as broadband internet and cellular coverage, as well as Earth observation services, such as disaster monitoring and environmental monitoring.

AIRBUS

Airbus is a global leader in aeronautics, space, and related services. The company has been serving customers in the aerospace & defense industry for over 40 years. It operates in 170 locations across the globe through three divisions, namely, Airbus, Airbus Defense and Space, and Airbus Helicopter. It offers the high-altitude pseudo satellite through the Airbus Defense & Space segment.

The Airbus Defense and Space segment engages in high altitude pseudo satellite at an affordable price with a re-usable solar-powered aircraft, providing a wide scope of applications, ranging for example from maritime surveillance and services, border patrol missions, communications, forest fire detection and monitoring, or navigation.

THALES GROUP

Established in 1968, Thales is a French company that manufactures, markets, and sells electronic equipment and systems for the aeronautics, naval, and defense sectors. The company operates in four main segments: Aerospace, Defense & Security, Digital Identity & Security, and Others.

The Defense & Security segment includes global business units such as secure communications & information systems, land & air systems, and defense mission systems. These business units develop different equipment, systems, and services for defense & security forces. The company's Aerospace segment includes avionics and space global business units, which develop solutions and services for aircraft manufacturers, airlines, satellite operators, and defense customers. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space is a global space manufacturer delivering, high-tech solutions for telecommunications, navigation, earth observation, environmental management, exploration, science, and orbital infrastructures. Governments, institutions, and companies rely on Thales Alenia Space to design, operate and deliver satellite-based systems that help them position and connect anyone or anything, everywhere, help observe planets, help optimize the planet's – and solar system’s – resources.

SOFTBANK GROUP

SoftBank Group is a Japanese multinational holding company headquartered in Minato, Tokyo. It is one of the world's largest technology investors, with a portfolio of over 400 companies in a wide range of industries, including telecommunications, internet services, finance, and technology.

SoftBank Group HAPS Mobile is a subsidiary of SoftBank Group that was established in 2017 to develop and commercialize high-altitude pseudo-satellite (HAPS) technology. With HAWK30, the company is pitching an alternative to cellular towers or communications satellites. The company have developed many technologies like HAPS Motor, Battery Pack, Radiowave Propagation Simulator, Autonomous Balloon Base Station System, High Altitude Platform Station (HAPS) Radiowave Propagation Prediction Method, and Communicaton Payloaad For its HAWK30 high altitude pseudo satellite.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

High Altitude Pseudo Satellite Market Size,  Share & Growth Report
Report Code
AS 8834
RI Published ON
10/30/2023
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