Low Earth Orbit (LEO) Satellites Market Forecasts to 2028 – Global Analysis By Type (Femto, Mini), Product Type (<50 KG, 50–500 KG, >500 KG), Application (Surveillance, Space Exploration), End User (Commercial, Government) and By Geography
According to Stratistics MRC, the Global Low Earth Orbit (LEO) Satellites Market is accounted for $2.18 billion in 2020 and is expected to reach $4.44 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Rising importance across communications and defense industries, increasing awareness regarding new forms of technology, and integration of IoT are the major factors propelling the market growth. However, shorter life spans of the satellites are hampering market growth.
Low earth orbit satellites serve a significant role in earth observation for the satellite 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 technique of observing and measuring biological, chemical, and physical factors on a global scale using data from low earth orbit satellites.
Based on the type, the pico segment is estimated to have lucrative growth during the forecast period. The pico satellites have a wet mass between 0.1 and 1 kg. They are used to carry out various payloads such as image sensors, Automatic Identification Systems (AIS), and communications.
By geography, the Asia Pacific is going to have a huge demand during the forecast period due to it provides high-capacity fiber-optic networks that give access to fast broadband connectivity. Rapid technology advances in broadband satellites that can be arranged in a Low Earth Orbit (LEO) constellation are expected to dramatically expand the coverage area, improve the quality and lower the cost of high-speed internet.
Some of the key players profiled in the Low Earth Orbit (LEO) Satellites Market include Boeing, ISS-Reshetnev, Kepler Communications, LeoSat Enterprises, Lockheed Martin, Northrop Grumman, OneWeb Satellites, Planet Labs, SpaceX, SSL (Space Systems Loral), and Thales Alenia Space.
• Propulsion System
• On-Board Computer
• Power System
• Attitude Control
Product Types Covered:
• <50 KG
• 50–500 KG
• >500 KG
• Technology Development
• Space Exploration
• Communication & Navigation
• Earth Observation and Remote Sensing
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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