Low Earth Orbit (LEO) Satellites Global Market Report 2023

Description

“Low Earth Orbit (LEO) Satellites Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on low earth orbit (leo) satellites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for low earth orbit (leo) satellites? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The low earth orbit (leo) satellites market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Femto; Pico; Nano; Micro; Mini

2) By Sub-System: Payload; Structure; Telecommunication; On-Board Computer; Power System; Attitude Control; Propulsion System

3) By Application: Technology Development; Earth Observation and Remote Sensing; Communication; Space Exploration; Surveillance

4) By End-User: Commercial; Civil; Government; Others

Companies Mentioned: Northrop Grumman; Kepler Communications; SpaceX; Boeing; Lockheed Martin

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the low earth orbit satellites (LEO) market are: Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space, SSL, Globalstar, and BAE System.

The global low earth orbit (leo) satellites market grew from $4.29 billion in 2022 to $5.26 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The low earth orbit (leo) satellites market is expected to grow to $12.51 billion in 2027 at a CAGR of 24.2%.

The low earth orbit satellite market consists of sales of low earth orbit satellites such as small and mini satellites. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A low earth orbit satellite is an object that orbits the earth at lower altitudes than geosynchronous satellites. It is normally between 1000 km and 160 km above the earth. They are commonly used for communications, military reconnaissance, spying, and other imaging applications.

North America was the largest region in the low earth orbit satellites market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the low earth orbit satellites (LEO) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of low earth orbit satellites are femto, pico, nano, micro, and mini. Satellites with a mass of less than 100 grams are known as femto satellites. By concept, these new types of satellites are low-cost devices if they use commercial-off-the-shelf (COTS) components. The pico satellites have a wet mass between 0.1 and 1 kg. They are used to carryout various payloads such as imagery sensors, Automatic Identification Systems (AIS), and communications. Nano satellites are artificial satellites having weighing mass between 1 and 10 kg. These satellites are used for interplanetary missions, remote sensing or communications. Satellites with a mass weighing from 10 and 100 kg are known as micro satellite. These are used for gathering scientific data, advance scientific and human exploration, and radio relay. A mini satellite has a weighing mass usually under 500 kg. The different sub-systems include payload, structure, telecommunication, on-board computer, power system, attitude control, propulsion system and are used in technology development, earth observation and remote sensing, communication, space exploration, and surveillance. It is implemented in various verticals such as commercial, civil, government, and others.

The increasing adoption of low earth orbit satellites in various sectors is expected to increase the growth of the low earth orbit (LEO) satellites market growth in the forecast period. Low earth orbit satellites serve an important role in earth observation for satellites in the field of farming and are one of the most important enablers of the planet's protection, safety, and longevity. Earth observation is a way of observing and measuring biological, chemical, and physical factors on a global scale using data from low earth orbit satellites. According to the United Nations, the world population is expected to reach 9.7 billion by 2050, resulting in a 69% increase in overall agricultural production between 2010 and 2050. For instance, in November 2020, the Indian Space Research Organisation (ISRO) announced the launch of an earth observation satellite for agriculture, forestry, and disaster management support. Companies such as Planet and Satellogic are developing smart farming solutions by launching small and nanosatellites. Thus, the rising adoption of low earth orbit satellites in agriculture will enhance the growth of the low earth orbit satellites market.

The launch of advanced low earth orbit satellites is gaining significant popularity in the low earth orbit satellites market. Major players operating in the low earth orbit satellite sector are focusing on satellite launches to provide global connectivity. For instance, in April 2021, OneWeb, a UK-based low earth orbit satellite communications operator launched 32 LEO satellites from Vostochny cosmodrome in Russia. With the recent launch, OneWeb now has a total of 182 satellites in orbit. These would be part of OneWeb's 648 LEO satellite constellation, which will provide worldwide connectivity at fast speeds and with low latency. Further, in November 2020, Mitsubishi Heavy Industries (MHI), a Japan-based engineering company, launched an advanced relay satellite with laser communications tech into orbit. The satellite payload, called Laser Utilizing Communication System (LUCAS), will send data from satellites in low Earth orbit using laser technology.

In November 2020, the UK government and Bharti Global, the company which has been working to provide satellite internet globally with a constellation of up to 648 satellites acquired OneWeb for a deal amount of $565.50 million (£400million) to gain 45% stake each in the firm. The acquisition was considered a method to keep the UK's space sector afloat after British companies were blocked out of the EU's Galileo satellite navigation program owing to Brexit. OneWeb is a UK-based satellite internet company.

The countries covered in the low earth orbit satellites market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The low earth orbit (LEO) market research report is one of a series of new reports from The Business Research Company that provides low earth orbit (LEO) market statistics, including low earth orbit (LEO) industry global market size, regional shares, competitors with a low earth orbit (LEO) market share, detailed low earth orbit (LEO) market segments, market trends and opportunities, and any further data you may need to thrive in the low earth orbit (LEO) industry. This low earth orbit (LEO) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3565

1. Executive Summary

2. Low Earth Orbit (LEO) Satellites Market Characteristics

3. Low Earth Orbit (LEO) Satellites Market Trends And Strategies

4. Low Earth Orbit (LEO) Satellites Market - Macro Economic Scenario

4.1 COVID-19 Impact On Low Earth Orbit (LEO) Satellites Market
4.2 Ukraine-Russia War Impact On Low Earth Orbit (LEO) Satellites Market
4.3 Impact Of High Inflation On Low Earth Orbit (LEO) Satellites Market

5. Low Earth Orbit (LEO) Satellites Market Size And Growth

5.1. Global Low Earth Orbit (LEO) Satellites Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Low Earth Orbit (LEO) Satellites Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Low Earth Orbit (LEO) Satellites Market Segmentation

6.1. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Femto
Pico
Nano
Micro
Mini
6.2. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Sub-System, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Payload
Structure
Telecommunication
On-Board Computer
Power System
Attitude Control
Propulsion System
6.3. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Technology Development
Earth Observation and Remote Sensing
Communication
Space Exploration
Surveillance
6.4. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Commercial
Civil
Government
Others

7. Low Earth Orbit (LEO) Satellites Market Regional And Country Analysis

7.1. Global Low Earth Orbit (LEO) Satellites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Low Earth Orbit (LEO) Satellites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Low Earth Orbit (LEO) Satellites Market

8.1. Asia-Pacific Low Earth Orbit (LEO) Satellites Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Low Earth Orbit (LEO) Satellites Market

9.1. China Low Earth Orbit (LEO) Satellites Market Overview
9.2. China Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Low Earth Orbit (LEO) Satellites Market

10.1. India Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Low Earth Orbit (LEO) Satellites Market

11.1. Japan Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Low Earth Orbit (LEO) Satellites Market

12.1. Australia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Low Earth Orbit (LEO) Satellites Market

13.1. Indonesia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Low Earth Orbit (LEO) Satellites Market

14.1. South Korea Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Low Earth Orbit (LEO) Satellites Market

15.1. Western Europe Low Earth Orbit (LEO) Satellites Market Overview
15.2. Western Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Low Earth Orbit (LEO) Satellites Market

16.1. UK Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Low Earth Orbit (LEO) Satellites Market

17.1. Germany Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Low Earth Orbit (LEO) Satellites Market

18.1. France Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Low Earth Orbit (LEO) Satellites Market

19.1. Eastern Europe Low Earth Orbit (LEO) Satellites Market Overview
19.2. Eastern Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Low Earth Orbit (LEO) Satellites Market

20.1. Russia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Low Earth Orbit (LEO) Satellites Market

21.1. North America Low Earth Orbit (LEO) Satellites Market Overview
21.2. North America Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Low Earth Orbit (LEO) Satellites Market

22.1. USA Low Earth Orbit (LEO) Satellites Market Overview
22.2. USA Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Low Earth Orbit (LEO) Satellites Market

23.1. South America Low Earth Orbit (LEO) Satellites Market Overview
23.2. South America Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Low Earth Orbit (LEO) Satellites Market

24.1. Brazil Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Low Earth Orbit (LEO) Satellites Market

25.1. Middle East Low Earth Orbit (LEO) Satellites Market Overview
25.2. Middle East Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Low Earth Orbit (LEO) Satellites Market

26.1. Africa Low Earth Orbit (LEO) Satellites Market Overview
26.2. Africa Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Low Earth Orbit (LEO) Satellites Market Competitive Landscape And Company Profiles

27.1. Low Earth Orbit (LEO) Satellites Market Competitive Landscape
27.2. Low Earth Orbit (LEO) Satellites Market Company Profiles
- 27.2.1. Northrop Grumman
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Kepler Communications
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. SpaceX
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Boeing
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Lockheed Martin
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Low Earth Orbit (LEO) Satellites Market

29. Low Earth Orbit (LEO) Satellites Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer