A recent report published by
Infinium Global Research on high altitude platforms market provides an in-depth
analysis of segments and sub-segments in the global as well as regional high
altitude platforms market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional high altitude
platforms market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global high
altitude platforms market. According to the report, the global high altitude platforms
market is projected to grow at a CAGR of 7.9% over the forecast period of
2019-2025.
High altitude platforms are the
ones that are deployed in the stratospheric layer which is far higher than the
altitude where commercial aircraft operate. Such platforms are used for several
applications, including communication systems, persistent surveillance, and
navigation. Along with these, high altitude platforms are also used for
applications such as aerial imaging, environmental monitoring, and Internet
services. The high altitude platforms are also known as alternatives to
satellite systems owing to their capacity to fulfilling similar purposes.
The increasing defense
expenditure worldwide drives the growth of high altitude platforms market. The
operational advantages over the coverage area provided by high altitude
platforms contribute to the growth of high altitude platforms market. The
increasing demand for internet services globally boosts the growth of high
altitude platforms market. The growing airline industry propels the growth of
high altitude platforms market. High altitude platforms are utilized to deliver
wireless internet services that contribute to the growth of high altitude
platforms market. Furthermore, growing surveillance systems expenditure
stimulates the growth of high altitude platforms market. On the other side,
high operating and initial costs of UAV aircraft hamper the growth of high
altitude platforms market. Moreover, research and development in the high
altitude platforms market create several opportunities for the growth of high
altitude platforms market.
Based on geography, the global
high altitude platforms market is classified into North America, Asia-Pacific,
Europe, and the Rest of the World. North America is expected to hold a premium
share in the global high altitude platforms market. The high UAV aircraft
penetration in North America region contributes to the growth of high altitude
platforms market. Asia-Pacific region is anticipated to grow in the global high
altitude platforms market with a significant CAGR over the forecast period. The
increasing investments for adoption of high altitude platforms in developing
countries such as India, China stimulates the growth of high altitude platforms
market. Europe is showing growth in the global high altitude platforms market.
The report on the global high
altitude platforms market covers segments such as type, payload, and
application. On the basis of type, the sub-markets include airships, tethered
aerostat vehicles, and unmanned aerial vehicles (UAV). On the basis of payload,
the sub-markets include communication, EO/IR systems, surveillance, and
navigation. On the basis of application, the sub-markets include government
& defense, commercial, and other applications.
The report provides profiles of
the companies in the market such as ILC Dover LP, AeroVironment, Inc., Israel
Aerospace Industries Ltd., Worldwide Aeros Corporation, Lockheed Martin
Corporation, TCOM LP, Raytheon Company, Aerostar International, Inc.,
Lindstrand Technologies Ltd., Rafael Advanced Defense Systems Ltd., and other
companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of high altitude platforms market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.