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In a recently published report, Google Project Loon Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Google Project Loon Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Project Loon is a research and development project being developed by X (formerly Google X), which consists of a network of balloons equipped with routers at the edge of space. The aim of the project is to provide internet to everyone in the world. It is a known fact that many areas in the emerging and developed regions across the globe are deprived of a proper internet access.
Project Loon intends to connect people in rural and remote areas by making use of a network of internet-powered balloons traveling on the edge of space.
Google thinks its internet balloons will be a $10 billion business . Each balloon is equipped with LTE antennas capable of covering around 80 kilometers on the ground, a 100W solar panel array that charges a battery for nighttime operations, and additional antennas to relay traffic to other balloons.
Assuming all the mechanisms of the project are functioning as planned, every single person can have access to internet. Loon's Use of Renewable Energy is an added advantage as it will greatly influence and inspire future projects. It creates an interplay between solar energy to keep the balloon functional while using wind energy to define its motor controls. With the constant connectivity to the each other through the internet collaboration between people across the globe will become much easier. The main problem with the Project Loon is the certainty of eventual hardware failure. If a Loon balloon fails, it can either remain up in the air floating, making it difficult to bring down or it might go down in unwanted areas as they can't be reached. Another concern over this project is internet privacy. As the project gives Google more power over a wider range of consumer behaviour the information obtained can become a security issue if it is shared with Government agencies.
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Increasing the volume of internet users would invariably increase traffic on the world's leading search engine, Google Search. The increase in search users implies that more ads will be displayed which in turn result in profits for Google. Given the rising number of the mobile internet subscriptions and also the ever-increasing growth in the world population, the need for access to the internet is going to increase even more. The growing population, changing consumer internet habits and multiple developments via Internet-of-Things could drive the demand for a full-time easy access to the internet from every corner of the globe, which could be made possible by implementing Project Loon to its full potential.
Google has already run tests with several different telecoms. It has conducted test runs with Vodafone in New Zealand, Telstra in Australia, and Telefonica in Latin America – and is working on commercial deals with other new network operators. Google will split the revenue from any new customers with the telecommunications company providing the LTE spectrum.
SpaceX and Facebook are also working on similar projects and could be the potential competitors to Google. Facebook is the only company that has started testing its project by the use of unmanned aerial vehicles unlike SpaceX, which plans to provide a similar internet access facility by the use of a fleet of satellites.
Report Contents
- Global Market segments
- Global Market Drivers, Restraints and Opportunities
- Global Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Global Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional Analysis
- North America
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
Report Highlights
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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