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Global LEO Satellite Market to reach USD 30.49 billion by 2028.

Global LEO Satellite Market Size study, By Type (Large Satellite, Medium Satellite, Small Satellite, Cubesat,) By Sub System(Satellite Bus, Payloads, Solar Panels, Satellite Antenna, Others), By Application ( Communication, Earth Observation & Remote Sensing, Scientific, Technology, Others ), By End-Use (Commercial, Government & Military, Dual-Use), By Frequency (L-Band, S-Band, C-Band, X-Band, KA-Band, Q/V-BAND, HF/VHF/UHF-BAND, LASER/OPTICAL-BAND) and Regional Forecasts 2022-2028

Product Code: EESC-37090957
Publish Date: 9-05-2022
Page: 200

Global LEO Satellite Market is valued approximately USD 10.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2022-2028. A low earth orbit (LEO) satellite is a spacecraft that orbits the planet at a lower altitude than geosynchronous satellites, typically carrying electrical equipment. Satellites in low-earth orbit (LEO) travel between 2,000 and 200 kilometers above the surface of the planet. The market is majorly driven by factors such as rise in demand for LEO-based services, increasing demand for the earth observation imagery and analytics as well as rising advancement in the technology. For intense, Swarm Technologies launched 28, 0.25U CubeSat SpaceBEE in 2021. Similarly, SpaceX launched 49 Starlink spacecraft from NASA’s Kennedy Space Center (KSC) in Florida in February 2022. These satellites added to the current LEO satellite network of over 1700 satellites in order to deliver speedier satellite internet. Also, potential in applications of space optical communications using laser beams along with the rising advancements in electric propulsion systems for LEO satellites is likely to increase the market growth during the forecast period. However, concerns over space debris and implications in supply chain of LEO satellite Market may hamper the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global LEO Satellite Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing government support to advanced LEO satellite technologies and increasing satellite equipment expenditure to improve defence and surveillance capabilities. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. The LEO satellite Market in North America is likely to be driven by the modernization of current communication in military platforms, essential infrastructure, and law enforcement agencies employing satellite systems.

Major market player included in this report are:
Lockheed Martin Corporation
Airbus Defense & Space
L3harris Technologies Inc.
Northrop Grumman Corporation
Space Exploration Technologies Corp. (Spacex)
Sierra Nevada Corporation
Surrey Satellite Technology Ltd (Sstl)
Thales Group
Planet Labs Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Large Satellite
Medium Satellite
Small Satellite
By Sub System:
Satellite Bus
Solar Panels
Satellite Antenna
By Application
Earth Observation & Remote Sensing
By End-User
Government & Military
By Frequency

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global LEO Satellite Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2022-2028 (USD Billion)
1.2.1. LEO Satellite Market, by Region, 2022-2028 (USD Billion)
1.2.2. LEO Satellite Market, by Type, 2022-2028 (USD Billion)
1.2.3. LEO Satellite Market, by Sub system, 2022-2028 (USD Billion)
1.2.4. LEO Satellite Market, by Application, 2022-2028 (USD Billion)
1.2.5. LEO Satellite Market, by End-use, 2022-2028 (USD Billion)
1.2.6. LEO Satellite Market, by Frequency, 2022-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global LEO Satellite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global LEO Satellite Market Dynamics
3.1. LEO Satellite Market Impact Analysis (2022-2028)
3.1.1. Market Drivers Rise in demand for LEO-based services Increasing demand for the earth observation imagery and analytics Rising advancement in the technology
3.1.2. Market Challenges Concerns over space debris Implications in supply chain of LEO satellite
3.1.3. Market Opportunities Potential in applications of space optical communications using laser beams Rising advancements in electric propulsion systems for LEO satellites
Chapter 4. Global LEO Satellite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global LEO Satellite Market, by Type
6.1. Market Snapshot
6.2. Global LEO Satellite Market by Type, Performance – Potential Analysis
6.3. Global LEO Satellite Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
6.4. LEO Satellite Market, Sub Segment Analysis
6.4.1. Large Satellite
6.4.2. Medium Satellite
6.4.3. Small Satellite
6.4.4. Cubesat
Chapter 7. Global LEO Satellite Market, by Sub System
7.1. Market Snapshot
7.2. Global LEO Satellite Market by Sub system, Performance – Potential Analysis
7.3. Global LEO Satellite Market Estimates & Forecasts by sub system 2018-2028 (USD Billion)
7.4. LEO Satellite Market, Sub Segment Analysis
7.4.1. Satellite Bus
7.4.2. Payloads
7.4.3. Solar Panels
7.4.4. Satellite Antenna
7.4.5. Others
Chapter 8. Global LEO Satellite Market, by application
8.1. Market Snapshot
8.2. Global LEO Satellite Market by Application, Performance – Potential Analysis
8.3. Global LEO Satellite Market Estimates & Forecasts by application 2018-2028 (USD Billion)
8.4. LEO Satellite Market, Sub Segment Analysis
8.4.1. Communication
8.4.2. Earth Observation & Remote Sensing
8.4.3. Scientific
8.4.4. Technology
8.4.5. Others
Chapter 9. Global LEO Satellite Market, by End User
9.1. Market Snapshot
9.2. Global LEO Satellite Market by End-user, Performance – Potential Analysis
9.3. Global LEO Satellite Market Estimates & Forecasts by end-user 2018-2028 (USD Billion)
9.4. LEO Satellite Market, Sub Segment Analysis
9.4.1. Commercial
9.4.2. Government & Military
9.4.3. Dual-Use
Chapter 10. Global LEO Satellite Market, by frequency
10.1. Market Snapshot
10.2. Global LEO Satellite Market by frequency, Performance – Potential Analysis
10.3. Global LEO Satellite Market Estimates & Forecasts by frequency 2018-2028 (USD Billion)
10.4. LEO Satellite Market, Sub Segment Analysis
10.4.1. L-band,
10.4.2. S-band
10.4.3. C-band
10.4.4. X-band
10.4.5. KA-band
10.4.6. Q/V-BAND
Chapter 11. Global LEO Satellite Market, Regional Analysis
11.1. LEO Satellite Market, Regional Market Snapshot
11.2. North America LEO Satellite Market
11.2.1. U.S. LEO Satellite Market Type breakdown estimates & forecasts, 2018-2028 Sub system breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028 End User breakdown estimates & forecasts, 2018-2028 Frequency breakdown estimates & forecasts, 2018-2028

11.2.2. Canada LEO Satellite Market
11.3. Europe LEO Satellite Market Snapshot
11.3.1. U.K. LEO Satellite Market
11.3.2. Germany LEO Satellite Market
11.3.3. France LEO Satellite Market
11.3.4. Spain LEO Satellite Market
11.3.5. Italy LEO Satellite Market
11.3.6. Rest of Europe LEO Satellite Market
11.4. Asia-Pacific LEO Satellite Market Snapshot
11.4.1. China LEO Satellite Market
11.4.2. India LEO Satellite Market
11.4.3. Japan LEO Satellite Market
11.4.4. Australia LEO Satellite Market
11.4.5. South Korea LEO Satellite Market
11.4.6. Rest of Asia Pacific LEO Satellite Market
11.5. Latin America LEO Satellite Market Snapshot
11.5.1. Brazil LEO Satellite Market
11.5.2. Mexico LEO Satellite Market
11.6. Rest of The World LEO Satellite Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Lockheed martin corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. airbus defense & space
12.2.3. l3harris technologies inc.
12.2.4. Northrop grumman corporation
12.2.5. Space exploration technologies corp. (spacex)
12.2.6. Sierra nevada corporation
12.2.7. Surrey satellite technology ltd (sstl)
12.2.8. Thales group
12.2.9. Gomspace
12.2.10. Planet labs inc
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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