The high altitude pseudo satellite (HAPS) market is expected to experience significant growth in the coming years. According to a recent report by MarketsandMarkets™, the market size is projected to increase from USD 85 million in 2023 to USD 189 million by 2028, with a compound annual growth rate (CAGR) of 17.2% during the forecast period.
Several factors contribute to this growth. The reliability of long-duration HAPS deployments has improved, leading to increased demand for these systems. HAPS are also increasingly used in emergency services, and advancements in payload integration techniques have made them more versatile. Additionally, the adoption of composite materials to build lightweight HAPS has further fueled market growth.
In terms of segments, the report indicates that the airships platform will experience the highest growth during the forecast period. The demand for surveillance and reconnaissance applications has driven the growth of this segment significantly, projected to grow from USD 0.3 million in 2023 to USD 44.8 million by 2028, at a CAGR of 170.8%.
The “Others” application segment, which includes intelligence, surveillance, and reconnaissance (ISR), monitoring, search and rescue, and navigation applications, is expected to have the highest compound annual growth rate (CAGR) of 22.1% during the forecast period. HAPS offer persistent surveillance and data collection capabilities, making them valuable assets for these applications.
In terms of end users, the commercial segment is expected to have the highest growth. The increasing demand for internet access in remote and underserved areas presents a significant commercial opportunity for HAPS operators. Providing reliable and affordable broadband internet to these areas is a priority.
Geographically, North America is projected to hold the largest market share in 2023. However, the market is anticipated to witness significant growth in other regions as well, including Europe, Asia Pacific, and the rest of the world.
The high altitude pseudo satellite market is set for substantial growth in the coming years, driven by improving reliability, versatile applications, and increasing demand for global connectivity.
