Low Earth Orbit (LEO) Satellites Market 2022-2028

Description

List of Tables

Title:Global Low Earth Orbit (LEO) Satellites Market Size, Share & Trends Analysis Report by Satellite type (Small Satellite, Medium Satellite, and Large Satellite), by Application (Communication, Earth Observation and Remote Sensing, and Other), and by End-User (Civil and Commercial, and Military) Forecast Period (2022-2028).

The global LEO satellites market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. One of the core factors that is fueling the market is the increasing interconnected technologies. In recent years, several market players have pushed themselves to adopt interconnected technologies catering to enhance the product experience and ecosystem of products which solidifies the sales of products. Such a system requires a high-speed internet connection, all the time, everywhere which became possible with the internet connection through LEO satellites. This has increased the demand for more and more LEO satellites across the globe, and the projection for the market has grown for the upcoming years. For instance, in June 2021, Starlink expanded its satellite internet business. They committed to invest $20 billion to $30 billion in the upcoming years for expansion.

The global LEO satellites market is segmented based on the satellite type, application, and end-user. Based on the satellite type, the market is segmented into small satellites, medium satellites, and large satellites. Based on the application, the market is segmented into communication, earth observation, remote sensing, and others. Other application includes science and technology. Based on the end-user, the market is sub-segmented into the civil and commercial, and military. Among the application, the communication segment is anticipated to grow significantly in the market during the forecast period owing to the increasing use of LEO satellites in communication technologies. Growth in R&D actions for communication-related missions is projected to offer improved quality communication systems with the support of highly sophisticated miniaturized onboard micro, nano, and mini sub-systems joined with advanced ground-station mission-compatible technology.

Geographically, the global LEO satellites market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is anticipated to grow at the fastest rate in the market during the forecast period owing to the presence of countries such as China, India, Japan, and others that have high-tech satellite systems. The growing penetration and demand for high-speed internet in the region are other factors fueling regional growth.

The major companies serving the global LEO satellites market include Blue Canyon Technologies Inc., Northrop Grumman Systems Corp., Planet Labs PBC., Space Exploration Technologies Corp., Surrey Satellite Technology Ltd (Airbus SE), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Surrey Satellite Technology Ltd. (SSTL) had been contracted for leading a UK Space Agency study for defining the mission requirements for complex assignments for de-orbiting two non-operational space debris targets.

Research Methodology

The market study of the global low earth orbit (LEO) satellites market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Low Earth Orbit (LEO) Satellites Market Research and Analysis by Satellite Type.
Global Low Earth Orbit (LEO) Satellites Market Research and Analysis by Application.
Global Low Earth Orbit (LEO) Satellites Market Research and Analysis by End-User.

The Report Covers:

Comprehensive research methodology of the global low earth orbit (LEO) satellites market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global low earth orbit (LEO) satellites market.
Insights about market determinants that are stimulating the global low earth orbit (LEO) satellites market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026682

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Low Earth Orbit (LEO) Satellites Market
Recovery Scenario of Global Low Earth Orbit (LEO) Satellites Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Blue Canyon Technologies Inc.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Northrop Grumman Systems Corp.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Planet Labs PBC
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Space Exploration Technologies Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Surrey Satellite Technology Ltd (Airbus SE)
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Low Earth Orbit (LEO) Satellites Market by Satellite type
- 4.1.1. Small satellite
- 4.1.2. Medium satellite
- 4.1.3. Large satellite
4.2. Global Low Earth Orbit (LEO) Satellites Market by Application
- 4.2.1. Communication
- 4.2.2. Earth Observation and Remote Sensing
- 4.2.3. Other (Scientific, and Technology)
4.3. Global Low Earth Orbit (LEO) Satellites Market by End-User
- 4.3.1. Civil and Commercial
- 4.3.2. Military

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Blue Origin Enterprises, L.P.
6.2. GomSpace Group AB
6.3. Honeywell International Inc.
6.4. L3Harris Technologies, Inc.
6.5. Lockheed Martin Corp.
6.6. Millennium Space Systems Inc. (The Boeing Co.)
6.7. Sierra Nevada Corp.
6.8. Singapore Technologies Engineering Ltd.
6.9. Spire Global, Inc.
6.10. THALES Group