This report describes and evaluates the global low earth orbit (LEO) satellites market. It covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031.
The global low earth orbit (LEO) satellites market reached a value of nearly $4,142.3 million in 2021, having increased at a compound annual growth rate (CAGR) of 10.3% since 2016. The market is expected to grow from $4,142.3 million in 2021 to $8,415.7 million in 2026 at a rate of 15.2%. The market is then expected to grow at a CAGR of 14.4% from 2026 and reach $16,458.1 million in 2031.
Growth in the historic period resulted from increasing investments in low earth orbit (LEO) satellites, launch of advanced low earth orbit satellites, and increase in technology development. Factors that negatively affected growth in the historic period were volatile raw material prices, and shorter operational lifetime.
Going forward, increasing adoption of low earth orbit satellites in various sectors, increasing use of lightweight materials, robust government support, growing demand for telecommunication provide financially lucrative opportunities. Factors that could hinder the growth of the low earth orbit (LEO) satellites market in the future include shortage of skilled work force, stringent compliance and certification requirements.
The low earth orbit (LEO) satellites market is segmented by type into micro, nano, mini, pico, and femto. The micro market was the largest segment of the low earth orbit (LEO) satellites market segmented by type, accounting for 26.9% of the total in 2021 and femto segment is expected to be the fastest growing segment going forward, at a CAGR of 16.8% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by sub-system into payload, structure, telecommunication, on-board computer, power system, attitude control, and propulsion system. The telecommunication market was the largest segment of the low earth orbit (LEO) satellites market segmented by sub-system, accounting for 30.1% of the total in 2021 and structure segment is expected to be the fastest growing segment going forward, at a CAGR of 15.7% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by application into technology development, earth observation and remote sensing, communication, space exploration, surveillance. The communication market was the largest segment of the low earth orbit (LEO) satellites market segmented by application, accounting for 45.2% of the total in 2021 and surveillance segment is expected to be the fastest growing segment going forward, at a CAGR of 15.8% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by end-user into commercial, civil, government and others. The commercial market was the largest segment of the low earth orbit (LEO) satellites market segmented by end-user, accounting for 54.1% of the total in 2021 and commercial segment is expected to be the fastest growing segment going forward, at a CAGR of 15.8% during 2021-2026.
North America was the largest region in the global low earth orbit (LEO) satellites market, accounting for 33.6% of the total in 2021. It was followed by Asia-Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the low earth orbit (LEO) satellites market will be Asia-Pacific and Middle East, where growth will be at CAGRs of 18.4% and 16.4% respectively. These will be followed by North America, and South America where the markets are expected to grow at CAGRs of 14.7% and 13.9% respectively, during 2021-2026.
The low earth orbit (LEO) satellites market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 12.49% of the total market in 2021. Major players in the market are Northrop Grumman Corporation, The Boeing Company, Lockheed Martin Corporation, Thales Alenia Space, Surrey Satellite Technology Ltd (Airbus SE), L3Harris Technologies, Blue Origin, Kepler Communications Inc, and SpaceX.
The top opportunities in the low earth orbit (LEO) satellites market segmented by type will arise in the micro segment, which will gain $1,069.8 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by sub-system will arise in the telecommunication segment, which will gain $1,251.3 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by application will arise in the communication segment, which will gain $1,852.0 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by end-user will arise in the commercial segment, which will gain $2,427.6 million of global annual sales by 2026. The low earth orbit (LEO) satellites market size will gain the most in the USA region at $1,215.3 million.
Market-trend-based strategies for the low earth orbit (LEO) satellites market include strategic collaborations and acquisitions, use of artificial intelligence and machine learning, use of 3D printing and ink, growing advancements in payload systems.
Player-adopted strategies in the low earth orbit (LEO) satellites market include focus on strengthening and expanding product portfolio through launch of new products.
To take advantage of the opportunities, the publisher reccomends the low earth orbit (LEO) satellites companies to focus on use of 3D printing, develop advanced payload systems, use artificial intelligence and machine learning, focus on strategic collaborations and acquisitions, expand in developed nations, focus on skimming prices, continue to focus on business-to-business (B2B) promotions and target large industries and governments.
The global low earth orbit (LEO) satellites market reached a value of nearly $4,142.3 million in 2021, having increased at a compound annual growth rate (CAGR) of 10.3% since 2016. The market is expected to grow from $4,142.3 million in 2021 to $8,415.7 million in 2026 at a rate of 15.2%. The market is then expected to grow at a CAGR of 14.4% from 2026 and reach $16,458.1 million in 2031.
Growth in the historic period resulted from increasing investments in low earth orbit (LEO) satellites, launch of advanced low earth orbit satellites, and increase in technology development. Factors that negatively affected growth in the historic period were volatile raw material prices, and shorter operational lifetime.
Going forward, increasing adoption of low earth orbit satellites in various sectors, increasing use of lightweight materials, robust government support, growing demand for telecommunication provide financially lucrative opportunities. Factors that could hinder the growth of the low earth orbit (LEO) satellites market in the future include shortage of skilled work force, stringent compliance and certification requirements.
The low earth orbit (LEO) satellites market is segmented by type into micro, nano, mini, pico, and femto. The micro market was the largest segment of the low earth orbit (LEO) satellites market segmented by type, accounting for 26.9% of the total in 2021 and femto segment is expected to be the fastest growing segment going forward, at a CAGR of 16.8% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by sub-system into payload, structure, telecommunication, on-board computer, power system, attitude control, and propulsion system. The telecommunication market was the largest segment of the low earth orbit (LEO) satellites market segmented by sub-system, accounting for 30.1% of the total in 2021 and structure segment is expected to be the fastest growing segment going forward, at a CAGR of 15.7% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by application into technology development, earth observation and remote sensing, communication, space exploration, surveillance. The communication market was the largest segment of the low earth orbit (LEO) satellites market segmented by application, accounting for 45.2% of the total in 2021 and surveillance segment is expected to be the fastest growing segment going forward, at a CAGR of 15.8% during 2021-2026.
The low earth orbit (LEO) satellites market is segmented by end-user into commercial, civil, government and others. The commercial market was the largest segment of the low earth orbit (LEO) satellites market segmented by end-user, accounting for 54.1% of the total in 2021 and commercial segment is expected to be the fastest growing segment going forward, at a CAGR of 15.8% during 2021-2026.
North America was the largest region in the global low earth orbit (LEO) satellites market, accounting for 33.6% of the total in 2021. It was followed by Asia-Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the low earth orbit (LEO) satellites market will be Asia-Pacific and Middle East, where growth will be at CAGRs of 18.4% and 16.4% respectively. These will be followed by North America, and South America where the markets are expected to grow at CAGRs of 14.7% and 13.9% respectively, during 2021-2026.
The low earth orbit (LEO) satellites market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 12.49% of the total market in 2021. Major players in the market are Northrop Grumman Corporation, The Boeing Company, Lockheed Martin Corporation, Thales Alenia Space, Surrey Satellite Technology Ltd (Airbus SE), L3Harris Technologies, Blue Origin, Kepler Communications Inc, and SpaceX.
The top opportunities in the low earth orbit (LEO) satellites market segmented by type will arise in the micro segment, which will gain $1,069.8 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by sub-system will arise in the telecommunication segment, which will gain $1,251.3 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by application will arise in the communication segment, which will gain $1,852.0 million of global annual sales by 2026. The top opportunities in the low earth orbit (LEO) satellites market segmented by end-user will arise in the commercial segment, which will gain $2,427.6 million of global annual sales by 2026. The low earth orbit (LEO) satellites market size will gain the most in the USA region at $1,215.3 million.
Market-trend-based strategies for the low earth orbit (LEO) satellites market include strategic collaborations and acquisitions, use of artificial intelligence and machine learning, use of 3D printing and ink, growing advancements in payload systems.
Player-adopted strategies in the low earth orbit (LEO) satellites market include focus on strengthening and expanding product portfolio through launch of new products.
To take advantage of the opportunities, the publisher reccomends the low earth orbit (LEO) satellites companies to focus on use of 3D printing, develop advanced payload systems, use artificial intelligence and machine learning, focus on strategic collaborations and acquisitions, expand in developed nations, focus on skimming prices, continue to focus on business-to-business (B2B) promotions and target large industries and governments.
Table of Contents
1. Low Earth Orbit (LEO) Satellites Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Low Earth Orbit (LEO) Satellites Market Characteristics
8. Low Earth Orbit (LEO) Satellites Market Trends And Strategies
9. Impact Of COVID-19 On Low Earth Orbit (LEO) Satellites Market
10. Global Low Earth Orbit (LEO) Satellites Market Size And Growth
11. Global Low Earth Orbit (LEO) Satellites Market Segmentation
12. Low Earth Orbit (LEO) Satellites Market, Regional And Country Analysis
13. Asia-Pacific Low Earth Orbit (LEO) Satellites Market
14. Western Europe Low Earth Orbit (LEO) Satellites Market
15. Eastern Europe Low Earth Orbit (LEO) Satellites Market
16. North America Low Earth Orbit (LEO) Satellites Market
17. South America Low Earth Orbit (LEO) Satellites Market
18. Middle East Low Earth Orbit (LEO) Satellites Market
19. Africa Low Earth Orbit (LEO) Satellites Market
20. Low Earth Orbit (LEO) Satellites Market Competitive Landscape And Company Profiles
21. Key Mergers And Acquisitions In The Low Earth Orbit (LEO) Satellites Market
22. Low Earth Orbit (LEO) Satellites Market Opportunities And Strategies
23. Low Earth Orbit Satellites Market, Conclusions And Recommendations
24. Appendix
Executive Summary
Low Earth Orbit (LEO) Satellites Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global low earth orbit (LEO) satellites market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for low earth orbit (LEO) satellites? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The low earth orbit (LEO) satellites market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider low earth orbit (LEO) satellites market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section gives the segmentation of the low earth orbit (LEO) satellites market by geography, by type, by sub-system, by application and by end-user covered in this report.
- Market Characteristics - The market characteristics section of the report defines and explains low earth orbit (LEO) satellites market. This section also defines and describes goods and related services covered in the report.
- Trends And Strategies - This section describes the major trends shaping the global low earth orbit (LEO) satellites market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the low earth orbit (LEO) satellites market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026, 2031) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021), forecast (2021-2026, 2031) market value and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2021, 2021-2026, 2031) and analysis for different segments in the market.
- Global Macro Comparison - The global low earth orbit (LEO) satellites market comparison with macro-economic factors gives the low earth orbit (LEO) satellites market size, percentage of GDP, and average low earth orbit (LEO) satellites market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic and forecast (2021-2026, 2031) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global low earth orbit (LEO) satellites market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This section gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for low earth orbit (LEO) satellite providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Type: Micro; Nano; Mini; Pico; Femto
- 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
Companies Mentioned:
Northrop Grumman Corporation; The Boeing Company; Lockheed Martin Corporation; Thales Alenia Space; Surrey Satellite Technology Ltd. (Airbus SE)
Countries:
China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; low earth orbit (LEO) satellites indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Northrop Grumman Corporation
- The Boeing Company
- Lockheed Martin Corporation
- Thales Alenia Space
- Surrey Satellite Technology Ltd. (Airbus SE)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4142.3 Million |
| Forecasted Market Value ( USD | $ 16458.1 Million |
| Compound Annual Growth Rate | 14.8% |
| Regions Covered | Global |
