Global High-altitude Pseudo Satellites (HAPS) Market 2024-2028

The high-altitude pseudo satellites (HAPS) market is forecasted to grow by USD 36.3 mn during 2023-2028, accelerating at a CAGR of 9.62% during the forecast period. The report on the high-altitude pseudo satellites (HAPS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by better performance and cost benefits of HAPS, advancements in incorporated photovoltaic technology, and the development of newer generation engines.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.79%
CAGR	9.62%
Incremental Value	$36.3mn

Technavio's high-altitude pseudo satellites (HAPS) market is segmented as below:

By Technology

UAVs
Balloons
Airships

By Application

Government services
Commercial services

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rapid adoption of sensor fusion technology as one of the prime reasons driving the high-altitude pseudo satellites (HAPS) market growth during the next few years. Also, the emergence of hydrogen-on-demand technology and new developments in the market in focus by market vendors will lead to sizable demand in the market.

The report on the high-altitude pseudo satellites (HAPS) market covers the following areas:

High-altitude pseudo satellites (HAPS) market sizing
High-altitude pseudo satellites (HAPS) market forecast
High-altitude pseudo satellites (HAPS) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high-altitude pseudo satellites (HAPS) market vendors that include AeroVironment Inc., Airbus SE, AUGUR RosAeroSystems, BAE Systems Plc, CNH Industrial NV, CTT doo Beograd, Elbit Systems Ltd., ETL Systems Ltd., ILC Dover LP, NewSpace Research and Technologies Pvt. Ltd., Northrop Grumman Corp., SCEYE INC., SoftBank Corp., Stratospheric Platforms Ltd., Stratosyst s.r.o., TAO Transatmospheric Operations GmbH, Thales Group, The Boeing Co., UAVOS Inc., and Zero 2 Infinity S.L.. Also, the high-altitude pseudo satellites (HAPS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43119

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global high-altitude pseudo satellites (HAPS) market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global high-altitude pseudo satellites (haps) market 2018 - 2022 ($ million)
4.2 Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
6.2 Comparison by Technology
Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology
6.3 UAVs - Market size and forecast 2023-2028
Exhibit 34: Chart on UAVs - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on UAVs - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on UAVs - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on UAVs - Year-over-year growth 2023-2028 (%)
6.4 Balloons - Market size and forecast 2023-2028
Exhibit 38: Chart on Balloons - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Balloons - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Balloons - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Balloons - Year-over-year growth 2023-2028 (%)
6.5 Airships - Market size and forecast 2023-2028
Exhibit 42: Chart on Airships - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Airships - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Airships - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Airships - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Technology
Exhibit 46: Market opportunity by Technology ($ million)
Exhibit 47: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 48: Chart on Application - Market share 2023-2028 (%)
Exhibit 49: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 50: Chart on Comparison by Application
Exhibit 51: Data Table on Comparison by Application
7.3 Government services - Market size and forecast 2023-2028
Exhibit 52: Chart on Government services - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Government services - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Government services - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Government services - Year-over-year growth 2023-2028 (%)
7.4 Commercial services - Market size and forecast 2023-2028
Exhibit 56: Chart on Commercial services - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Commercial services - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Commercial services - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Commercial services - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
Exhibit 60: Market opportunity by Application ($ million)
Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 AeroVironment Inc.
Exhibit 115: AeroVironment Inc. - Overview
Exhibit 116: AeroVironment Inc. - Business segments
Exhibit 117: AeroVironment Inc. - Key offerings
Exhibit 118: AeroVironment Inc. - Segment focus
12.4 Airbus SE
Exhibit 119: Airbus SE - Overview
Exhibit 120: Airbus SE - Business segments
Exhibit 121: Airbus SE - Key news
Exhibit 122: Airbus SE - Key offerings
Exhibit 123: Airbus SE - Segment focus
12.5 AUGUR RosAeroSystems
Exhibit 124: AUGUR RosAeroSystems - Overview
Exhibit 125: AUGUR RosAeroSystems - Product / Service
Exhibit 126: AUGUR RosAeroSystems - Key offerings
12.6 BAE Systems Plc
Exhibit 127: BAE Systems Plc - Overview
Exhibit 128: BAE Systems Plc - Business segments
Exhibit 129: BAE Systems Plc - Key offerings
Exhibit 130: BAE Systems Plc - Segment focus
12.7 CNH Industrial NV
Exhibit 131: CNH Industrial NV - Overview
Exhibit 132: CNH Industrial NV - Business segments
Exhibit 133: CNH Industrial NV - Key news
Exhibit 134: CNH Industrial NV - Key offerings
Exhibit 135: CNH Industrial NV - Segment focus
12.8 CTT doo Beograd
Exhibit 136: CTT doo Beograd - Overview
Exhibit 137: CTT doo Beograd - Product / Service
Exhibit 138: CTT doo Beograd - Key offerings
12.9 Elbit Systems Ltd.
Exhibit 139: Elbit Systems Ltd. - Overview
Exhibit 140: Elbit Systems Ltd. - Product / Service
Exhibit 141: Elbit Systems Ltd. - Key offerings
12.10 ILC Dover LP
Exhibit 142: ILC Dover LP - Overview
Exhibit 143: ILC Dover LP - Product / Service
Exhibit 144: ILC Dover LP - Key offerings
12.11 Northrop Grumman Corp.
Exhibit 145: Northrop Grumman Corp. - Overview
Exhibit 146: Northrop Grumman Corp. - Business segments
Exhibit 147: Northrop Grumman Corp. - Key news
Exhibit 148: Northrop Grumman Corp. - Key offerings
Exhibit 149: Northrop Grumman Corp. - Segment focus
12.12 SoftBank Corp.
Exhibit 150: SoftBank Corp. - Overview
Exhibit 151: SoftBank Corp. - Business segments
Exhibit 152: SoftBank Corp. - Key offerings
Exhibit 153: SoftBank Corp. - Segment focus
12.13 TAO Transatmospheric Operations GmbH
Exhibit 154: TAO Transatmospheric Operations GmbH - Overview
Exhibit 155: TAO Transatmospheric Operations GmbH - Product / Service
Exhibit 156: TAO Transatmospheric Operations GmbH - Key offerings
12.14 Thales Group
Exhibit 157: Thales Group - Overview
Exhibit 158: Thales Group - Business segments
Exhibit 159: Thales Group - Key news
Exhibit 160: Thales Group - Key offerings
Exhibit 161: Thales Group - Segment focus
12.15 The Boeing Co.
Exhibit 162: The Boeing Co. - Overview
Exhibit 163: The Boeing Co. - Business segments
Exhibit 164: The Boeing Co. - Key offerings
Exhibit 165: The Boeing Co. - Segment focus
12.16 UAVOS Inc.
Exhibit 166: UAVOS Inc. - Overview
Exhibit 167: UAVOS Inc. - Product / Service
Exhibit 168: UAVOS Inc. - Key offerings
12.17 Zero 2 Infinity S.L.
Exhibit 169: Zero 2 Infinity S.L. - Overview
Exhibit 170: Zero 2 Infinity S.L. - Product / Service
Exhibit 171: Zero 2 Infinity S.L. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations