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.

HAPs – Eye in the Sky

Technological and regulatory progress has greatly expanded the remote sensing/Earth Observation (EO) market. However, significant tradeoffs continue to exist in current earth imaging solutions: EO satellites and constellations can provide wide area coverage but are susceptible to cloud cover and are usually at lower resolutions (with HR being relatively infrequent).

The Wall Street Journal: Drone Ambitions Soar to the Stratosphere

Research firm NSR said in a report last year that high-altitude aircraft, including using, a stratospheric drone, balloons and airships, could bring in $1.7 billion in revenue over the next decade, and estimated there were about 40 development programs under way. It said current efforts are better funded than previous attempts to commercialize stratospheric aircraft,.