High altitude long endurance (pseudo satellites) which are also known by term “unmanned aircraft” are air bourne vehicle specifically designed to functions at high altitude and last for required period of time without scheduled of landing. It is powered by energy sources such as solar cell, lithium-ion batteries, hydrogen & helium and fuel cells. Among all, solar cell and lithium-ion batteries are used majorly by manufacturers as they are low cost and highly reliable energy sources. Hydrogen & helium and fuel cell sources are facing downgrade in this market.
High need of surveillance on borders, and increasing demand of drones for surveillance and civil applications are expected to drive the market during the forecast period 2016-2022. However, Air traffic regulations are the major challenge to the development of the global unmanned aircraft system or to pseudo satellites.
The Global High altitude long endurance (Pseudo Satellite) Market is growing rapidly over 9% of CAGR and is expected to reach at USD ~23 billion by the end of forecast period 2022.
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Major Key Players:
- Airbus SAS,
- Lockheed Martin,
- BOSH global services,
- Northrop Grumman Corporation, SZDJI Technology Co. Ltd.,
- Parrot SA,
- Hawkeye systems Ltd.,
- AeroVironment, IAI Ltd.,
Global High altitude long endurance (Pseudo Satellite) Market can be segmented as follows:
Segmentation by Application: military, surveillance, communications, civil and others.
Segmentation by Energy Source: Solar cell, lithium-ion batteries, hydrogen & helium and fuel gas.
- The global High Altitude Long Endurance (Pseudo Satellite) Market is expected to reach USD 23 billion by 2022, growing with approximately 9% of CAGR during forecast period 2016-2022.
- By Application, surveillance & communication is expected to grow with fastest growing 11.32% and 10.62% CAGR.
- By Energy source, lithium-ion battery is expected to grow with 11% CAGR during forecast period 2016-2022.
- North America is expected to dominate the market of Pseudo Satellite market throughout the forecast period.
Regional Analysis of High Altitude Long Endurance (Pseudo Satellite) Market:
The global High altitude long endurance (Pseudo Satellite) market is estimated to grow at a promising rate in upcoming years. North America is the leading region among Europe, Asia-Pacific and Rest of the world.
Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and government initiatives to increase domestic manufacturing and production of defence and military equipment is expected to drive the growth of High Altitude Long Endurance (Pseudo Satellite) market in the region.
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- Aerospace & defence
- Manufacturing industries
- Technology investors
- Financial institute
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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