NSR Report: HAPs Market to Generate $4 Billion by 2029
High Altitude Balloons Are Primary Revenue Driver, with Telcos Taking Greater Interest in HAPs
Cambridge, MA – NSR’s High Altitude Platforms, 4th Edition report, published today, forecasts approx. $4B in cumulative HAPs revenues over the next decade, for airships, balloons, and pseudo-satellite platforms. High altitude balloons are expected to be the primary driver of units and revenues, followed far behind by pseudo-satellites and airships. Telcos are also taking greater interest in HAPs as a viable option for remote and rural connectivity around the globe.
Following the COVID-19 dip of 2020, the HAPs market will remain in recovery before accelerated growth towards the end of the decade, with in-service units at a 8.7% CAGR through ten years. The Americas are forecast to generate the greatest service revenues across applications.
“Commercial interest in providing Internet connectivity to remote and underserved regions, especially those with high density populations, and military interest for ISR and remote sensing applications, are generating demand for high altitude platforms of different kinds”, states Shivaprakash Muruganandham, NSR Analyst and lead report author. Balloons are driven by scientific missions in the near term, and commercial communications in the long-term, while both remote sensing / ISR and commercial communications drive the pseudo-satellites market.
“In addition to being much better equipped to meet TRL requirements than during previous cycles of HAPs development, the market is now more open to joint alliances and partnerships to foster advancements in the industry”, Muruganandham adds. “With a few players continuing to make the case for commercial solutions, the market viability for communications and remote sensing is experiencing a transition right now that could lead to sustained growth going forward.”
There are more than 40 HAPs programs at various stages of development globally. These programs all target a variety of applications, in many cases designing one platform with variants for multiple applications depending on customer’s needs. In comparison to the satellite and UAS sectors, HAPs offer a complementary and, in some cases, unique value proposition. Balloons are the most mature market for HAPs, while airships and pseudo-satellites are still in the preliminary stages of development. Progress is slow, but interest and investments in HAPs from industry giants and the wider aviation/telco sectors is indicative of a resurgence in these markets.
About the Report
NSR’s High Altitude Platforms (HAPs), 4th Edition report expands NSR’s industry leading market research in the near-space realm. The report provides an overview of airships, balloons, and pseudo-satellite markets, while providing forecasts for the number of operational units, equipment sales revenues and in-service revenues across the globe. NSR identifies the key drivers and restraints associated with the potential growth of HAPs usage and revenues. NSR further identifies key applications currently being targeted by various HAPs programs in the current market.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
Companies and Organizations Mentioned in HAPs4
AeroVironment, Airbus, Airstar Aerospace, Alphabet, AlphaLink, AT&T, Aurora Flight Sciences, Avealto, AVIC, BAE Systems, Blue Origin, CASIC, CNES, CNIM Group, ESA, Facebook, HAPsMobile, Hispasat, JAXA, JP Aerospace, KuangChi Science, LEO Aerospace, Loon, NASA, Ordnance Survey, Prismatic, Raven Industries, Sceye, Softbank, SpaceX, Tao Group, Thales Alenia Space, TIFR, T-Mobile, U.S. DoD, Virgin Galactic, WorldView Enterprises, and Zero2Infinity.
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
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