The global Low
Earth Orbit Satellites (LEO) market foreseen to grow by 16.8%, from USD 8.74 Billion
in 2021 to USD 30.27 Billion in 2029. An increase in demand
for LEO-based services, increasing demand for CubeSats and increasing
developments of satellite networks to provide internet access in areas
without/low broadband connectivity are driving the market over the forecast
period. However, the coverage, efficiency, and complexity of Low Earth Orbit
Satellites (LEO) (LEO)s over GEO satellites for the same application hinder the
market growth over the forecast period.
Market Definition
What is Low Earth Orbit
Satellites (LEO) Market?
A low earth
orbit (LEO) satellite is a piece of electronic equipment that circles the earth
at lower altitudes than geosynchronous satellites. It usually orbits between
2,000 and 200 kilometres above the planet.
Market Overview
The
Low Earth Orbit Satellites (LEO) market search study helps to thoroughly
understand the current trend in the market competitive analysis of the players
in the emerging market. Moreover, the DRO in the Low Earth Orbit Satellites
(LEO) market offers valuable perspicuity and a current scenario for making the
right decision. The research study covers the eminent players in the market
with a detailed analysis of the company and a financial overview containing
their net sales, business mix and geographical reach It mainly focuses on the
key developments of the products/services offered by the company in recent
years. Besides, we at Zettabyte have the expertise to analyses the global Low
Earth Orbit Satellites (LEO) market player's competitive landscape helping the
client comprehend their specific strategic growth approaches.
Low Earth Orbit
Satellites (LEO) market study by "Zettabyte Analytics" offers details
about the market scope, market segmentation, technological advancement in the Low
Earth Orbit Satellites (LEO) market and highlights the optimistic, competitive
landscape and trends enduring over the years.
Major players in
the Low Earth Orbit Satellites (LEO) market AAC Clyde Space, Airbus Defense
& Space, Alba Orbital, Alén Space, Ball Aerospace & Technologies,
Boeing, Dauria Aerospace Ltd., Earth-I Ltd, Endurosat, Exolaunch GmbH,
Gomspace, ISS-Reshetnev, Kepler Communications, L3Harris Technologies Inc., Lockheed
Martin, Maxar Technologies, Millennium Space System, Inc, Mitsubishi Electric
Corporation, Nanoavionics, Nearspace Launch, Inc., Northrop Grumman, Northrop
Grumman Corporation, OHB SE, Oneweb Satellite Constellation, Planet Labs PBC,
Pumpkin Inc., Raytheon Technologies Corporation, Satellogic, Sierra Nevada
Corporation, Spacex, Spire Global, Inc., Space Systems Loral, Surrey Satellite
Technology Ltd, Swarm Technologies, Terran Orbital, Thales Alenia Space, Thales
Group, The Aerospace Corporation.
COVID-19 Impact on Global Low
Earth Orbit Satellites (LEO) Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Low Earth Orbit
Satellites (LEO) market has forced the companies to change their sourcing,
pricing, and promotion strategies. The Low Earth Orbit Satellites (LEO) market
players are seen focusing more on optimizing the E-commerce networks with the
rising innovations in the digital sector, which are creating new business
models for the food and beverage industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Low Earth Orbit
Satellites (LEO) market future markets are analyzed to understand their impact
on demand for the forecast period. Growth rates have been estimated using
correlation, regression and time-series analysis.
Market Segmentation
For the purpose
of this report, the global Low Earth Orbit Satellites (LEO) market segmented on
the basis of satellite type, sub-system, frequency, application, end user, and
region:
Satellite
Type
|
Cube
Satellite
|
|
Large
Satellite
|
|
Medium
Satellite
|
|
Small
Satellite
|
|
|
|
Sub-System
|
Payloads
|
|
Satellite
Antenna
|
|
Satellite
Bus
|
|
Solar
Panels
|
|
Others
|
|
|
|
Frequency
|
C-Band
|
|
HF/VHF/UHF-Band
|
|
Ka-Band
|
|
Ku-Band
|
|
L-
Band
|
|
Laser/Optical
|
|
Q/V-
Band
|
|
S-Band
|
|
X-Band
|
|
|
|
Application
|
Communication
|
|
Earth
Observation & Remote Sensing
|
Scientific
|
|
Technology
|
|
Others
|
|
|
|
End
Use
|
Commercial
|
|
Dual
Use
|
|
Government
& Military
|
Satellite Type Outlook:
On the basis of
satellite type, the market is segmented into cube satellite, large satellite,
medium satellite, small satellite.
Figure 1 Low Earth Orbit Satellites (LEO) Market
By Satellite Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Sub-System Outlook:
On the basis of
sub-system, the market is segmented into payloads, satellite antenna, satellite
bus, solar panels, others.
Figure 2 Sub-System Outlook (Revenue, USD
Million, 2021)
