High Altitude Pseudo Satellites (HAPS) Market Outlook 2030: Leading Companies & Share Insights

High Altitude Pseudo Satellites (HAPS) Market Size & Insights

According to MarkNtel Advisors study The future of Global High Altitude Pseudo Satellites (HAPS) Market size was valued at around USD 99 million in 2024 and is projected to reach USD 240 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30.

What are the Key Driver in the High Altitude Pseudo Satellites (HAPS) Market?

Increasing Need for Connectivity & High-Bandwidth Internet in Remote Areas – High demand for connectivity and high-bandwidth internet in remote locations is driving factor behind HAP satellites market. With operations in the stratosphere, HAPS platforms helps to close the digital divide in underprivileged areas. As per the International Telecommunication Union (ITU), the number of people worldwide not connected to the Internet decreased to an estimated 2.6 billion people in 2023, mostly in rural and isolated areas that will lack internet access. High-speed internet with reduced latency is provided by HAPS, a more affordable option to conventional satellite systems.

HAPS is being used by telecom firms to increase network coverage. For instance, in 2023, a collaborative effort of Curvalux, United Cities and Local Governments of Africa, and Pegasus Capital Advisors in Africa improved connectivity for millions of people by delivering 4G LTE services using solar-powered HAPS. To promptly restore communications in areas affected by disasters, HAPS platforms have been implemented. As evidenced by the typhoon recovery efforts in Southeast Asia, this capability is essential for emergency response. Thus HAPS technologies are a game-changing instrument for promoting digital inclusion and enabling worldwide connectivity.

What are the Key Segments in the High Altitude Pseudo Satellites (HAPS) Market?

The High Altitude Pseudo Satellites (HAPS) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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How does geographical analysis highlight in the High Altitude Pseudo Satellites (HAPS) market?

With a 40% market share, Asia-Pacific is the largest region globally for high-altitude pseudo satellites (HAPS).

Who are the Key Players in High Altitude Pseudo Satellites (HAPS) Market?

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High Altitude Pseudo Satellites (HAPS) Market News

December 2024: The British-built PHASA-35 High Altitude Pseudo-Satellite, designed by BAE Systems, completed successful stratospheric test flights, reaching 66,000 feet, showcasing rapid reusability and enhanced payload capabilities, bringing it closer to operational readiness by 2026.

April 2024: Mira Aerospace of the UAE and VEDA Aeronautics, an Indian start-up, collaborated to deliver High Altitude Pseudo-Satellite (HAPS) solutions. The collaboration seeks to hasten the development of an India-specific HAPS platform that will be used by both Indian defense and civilian clients.

Key pillars of the research methodology include:

“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.

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