Market Share of High Altitude Pseudo Satellites Industry
The high-altitude pseudo-satellites market is moderately consolidated and highly competitive, with players competing to gain the largest market share. Spectrum management challenges, endurance limitations of HAPS, and the cancellation of ongoing projects are envisioned to impede the growth of the market. Market players compete based on their in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base. AeroVironment, Inc., Airbus SE, Ball Corporation, Prismatic (BAE Systems plc), and THALES are the five major market players. They compete based on technological offerings and integration capabilities at a given price point. An increase in the high-altitude platform procurement rate is expected to fuel the market growth during the forecast period, thereby making it an ideal time to launch new products. Since the threat of new entrants is moderate, the competitive environment in the market is likely to intensify further due to an increase in product/service extensions and technological innovations. For instance, in February 2022, the Ministry of Defence (MoD) (India) inked a deal with aerospace startup NewSpace for the development of a High-Altitude Pseudo Satellite (HAPS). The initiative is part of the MoD's Innovations for Defence Excellence (iDEX) program. Backed by the Indian Army, the initiative will also see Hindustan Aeronautics Limited (HAL) come on board as the lead prototype development partner.
High-Altitude Pseudo Satellites (HAPS) Market Leaders
AeroVironment, Inc.
Prismatic (BAE Systems plc)
Ball Corporation
THALES
Airbus SE
*Disclaimer: Major Players sorted in no particular order
