The Global Low Earth Orbit (LEO) Satellites Market Report by The Business Research Company covers low earth orbit (LEO) satellites market drivers and restraints, low earth orbit (LEO) satellites market size, major players, and the impact of COVID-19 on the low earth orbit (LEO) satellites market.
The low earth orbit (LEO) satellites market consists of sales of low earth orbit satellites by entities (organizations, sole traders, and partnerships) that manufacture low earth orbit satellites. 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.
The global low earth orbit (LEO) satellites market is expected to grow from $2.18 billion in 2020 to $2.34 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth in the low earth orbit satellites market is mainly due to the increasing adoption of low earth orbit satellites in various sectors, rising importance across communications and defense industries, increasing awareness regarding new forms of technology, integration of IoT, machine learning, rapid advancements in the aerospace, robust government support, increasing preferences towards software defined payloads for communication satellites, miniaturization of satellite, and growing advancements in payload systems. The LEO market is expected to reach $4.36 billion in 2025 at a CAGR of 16.9%.
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Some low earth orbit satellites market trends include the launch of advanced low earth orbit satellites. Major players operating in the low earth orbit satellite sector are focusing on satellite launches to provide global connectivity.
Global low earth orbit (LEO) satellites market segments include:
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
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global low earth orbit (LEO) satellites market share.
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The Low Earth Orbit (LEO) Satellites Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides low earth orbit (LEO) satellites market overviews, analyzes and forecasts market size, share, low earth orbit (LEO) satellites market players, low earth orbit (LEO) satellites market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The low earth orbit (LEO) satellites identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Low Earth Orbit (LEO) Satellites Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space, SSL, Globalstar, and BAE System.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Low Earth Orbit (LEO) Satellites Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Low Earth Orbit (LEO) Satellites Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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