Global Low Earth Orbit (LEO) Satellites Market Outlook, Opportunities And Strategies – Includes Low Earth Orbit (LEO) Satellites Market Research
Learn about the global low earth orbit (LEO) satellites market through The Business Research Company, which provides information on low earth orbit (LEO) satellites market size, low earth orbit (LEO) satellites market drivers and restraints, low earth orbit (LEO) satellites market players, the COVID-19 impact on the low earth orbit (LEO) satellites market, and more.
The low earth orbit (LEO) satellites market size is expected to grow from $4.14 billion in 2021 to $8.41 billion in 2026 at a rate of 15.2%. The global low earth orbit (LEO) satellites market size is then expected to grow at a CAGR of 14.4% from 2026 and reach $16.45 billion in 2031.
Growing demand for telecommunication drove the growth of the low earth orbit satellites market.
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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, also known as small satellites. These satellites orbits around the earth with an altitude above Earth’s surface between 250 kilometers and 2,000 kilometers. They are used to transfer data, images, and photographs to selected ground stations, positioned in strategic locations.
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 global low earth orbit (LEO) satellites market, accounting for 33.6% of the total in 2021.
The increasing use of 3D printing is a key trend gaining popularity in the low earth orbit (LEO) satellites market. 3D printing or additive manufacturing is the process of making a three-dimensional object from a CAD or 3D model. A study, from March 2021, showed that 50 space companies were using 3D printing to help create an off-Earth ecosystem, of which, 62% of the companies develop spacecraft and technology to travel to LEO. 3D printing is being used in satellites for various applications.
Major Market Players: Northrop Grumman Corporation, The Boeing Company, Lockheed Martin Corporation, Thales Alenia Space, Surrey Satellite Technology Ltd (Airbus SE)
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 (2016-21) and ten years forecast (2022-2026-2031)
The Low Earth Orbit (LEO) Satellites Market Report 2022 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, leading competitor revenues, profiles and market shares.
TBRC’s low earth orbit (LEO) satellites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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