To tap into the larger market opportunity, HAPS solutions in the stratosphere need to operate in harsh thermal conditions, including temperatures as low as -90° C. The white paper shows how HAPS Alliance member organizations are navigating these challenges to build a cooperative ecosystem. In fact, by 2029, the HAPS market is expected to reach.
Inside Unmanned Systems: HAPS Alliance Growth and Momentum Helps Unlock Potential of the Stratosphere
By 2029, the HAPS market is expected to generate $4 billion in value due to market demand, research, and funding from various agencies, according to Northern Sky Research. However, to tap into the larger market opportunity, HAPS solutions in the stratosphere need to operate in harsh thermal conditions, including temperatures as low as -90°C.
In Via Satellite article “HAPS: A Satellite Operator’s Big Investment in the Stratosphere”, “Satellites cannot exist in a vacuum. Operators have to keep an eye on adjacent technology developments and understand the new business models they might have to deal with in the future,”.
Several programs from the last two decades alone promised the use of stratospheric platforms for comms and observation, most of which fell through in the end. However, recent investments and subsequent mission successes from commercial players such as Alphabet and Airbus have injected a fresh wave of hope.
High Altitude Platforms have remained an emerging market even in the wake of the COVID-19 pandemic. What is driving this interest, and why might the current wave of HAPs-related activity be any different from those of previous decades?