Low Earth Orbit Satellites Market
Aerospace and Defense

Global Low Earth Orbit (LEO) Satellites Market Size, Forecasts, And Opportunities

Learn about the global low earth orbit (LEO) satellites market through The Business Research Company, which provides information on LEO satellites market size, LEO satellites market drivers and restraints, LEO satellites market players, the COVID-19 impact on the low earth orbit satellites market, and more.

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%.

The increasing adoption of low earth orbit satellites in various sectors is expected to drive innovation in low earth orbit satellites manufacturing, thus driving the market during the forecast period.

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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.

Global low earth orbit (LEO) satellites market segments include:
By Type: Femto, Pico, Nano, Micro, Mini
By Sub-System: Payload, Structure, Telecommunication, On-Board Computer, Power System, Attitude Control, Propulsion System
By Application: Technology Development, Earth Observation And Remote Sensing, Communication, Space Exploration, Surveillance
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 was the largest region in the low earth orbit satellites market in 2020.

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.

TBRC’s low earth orbit satellites market report covers:
Major Market Players: 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)

The Low Earth Orbit (LEO) Satellites Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides low earth orbit satellites market overviews, analyzes and forecasts market size, share, low earth orbit satellites market players, low earth orbit satellites market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s LEO satellites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:
Satellites Global Market Report 2021
Satellite & Telecommunication Resellers Global Market Report 2021
Military Satellites Global Market Report 2021

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