The Global High Altitude Platforms Market is accounted for $3.10 billion in 2020 and is expected to reach $5.65 billion by 2028 growing at a CAGR of 7.8% during the forecast period. The rise in the expenditure on surveillance systems and growing defense expenses are the major factors propelling the market growth. However, high costs and poor technological infrastructure is hampering the market growth.High altitude platforms are structures equipped with different payloads for varied applications such as communication, environmental monitoring, surveillance, and navigation. These are positioned in the stratosphere, which is at a much higher altitude than the atmospheric layer where commercial aircraft operate. Some of the key players profiled in the High Altitude Platforms Market include AIRBUS SAS, Aeros, AeroVironment, Inc., Avealto Ltd., ILC Dover LP, Israel Aerospace Industries (IAI), Lindstrand Technologies Limited, Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Raven Industries, Inc., Raytheon Technologies Corporation, Tcom L.P., and Thales Group.
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Types Covered:• Tethered Aerostat Systems• Airships• Unmanned Aerial Vehicles (UAV)
Payloads Covered:• Communication• Navigation• Surveillance• Electro-Optical/Infra-Red (EO/IR) Systems
End Users Covered:• Commercial• Government & Defense• Other
End Users Regions Covered:• North Americao USo Canadao Mexico• Europeo Germanyo UKo Italyo Franceo Spaino Rest of Europe• Asia Pacifico Japan o China o India o Australia o New Zealando South Koreao Rest of Asia Pacific • South Americao Argentinao Brazilo Chileo Rest of South America• Middle East & Africao Saudi Arabiao UAEo Qataro South Africao Rest of Middle East & Africa
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