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Low Earth Orbit (LEO) Satellites Global Market Report 2022, By Type, Sub-System, Application, End-User

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  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5552568
Low Earth Orbit (LEO) Satellites Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global low earth orbit (LEO) satellites market.



This report focuses on low earth orbit (LEO) satellites market which is experiencing strong growth. The report gives a guide to the low earth orbit (LEO) satellites market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the 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 market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The low earth orbit (LEO) satellites market section of the report gives context. It compares the low earth orbit (LEO) satellites market with other segments of the low earth orbit (LEO) satellites market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, low earth orbit (LEO) satellites indicators comparison.

Scope


Markets Covered:
1) By Type: Femto; Pico; Nano; Micro; Mini
2) By Sub-System: Payload; Structure; Telecommunication; On-Board Computer; Power System; Attitude Control; Propulsion System
3) By Application: Technology Development; Earth Observation and Remote Sensing; Communication; Space Exploration; Surveillance
4) By End-User: Commercial; Civil; Government; Others

Companies Mentioned: Northrop Grumman; Kepler Communications; SpaceX; Boeing; Lockheed Martin

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

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,

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.

This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Low Earth Orbit (LEO) Satellites Market

What is the estimated value of the Global Low Earth Orbit (LEO) Satellites Market?

The Global Low Earth Orbit (LEO) Satellites Market was estimated to be valued at $4.13 billion in 2022.

What is the growth rate of the Global Low Earth Orbit (LEO) Satellites Market?

The growth rate of the Global Low Earth Orbit (LEO) Satellites Market is 21.5%, with an estimated value of $9 billion by 2026.

What is the forecasted size of the Global Low Earth Orbit (LEO) Satellites Market?

The Global Low Earth Orbit (LEO) Satellites Market is estimated to be worth $9 billion by 2026.

Who are the key companies in the Global Low Earth Orbit (LEO) Satellites Market?

Key companies in the Global Low Earth Orbit (LEO) Satellites Market include Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space, SSL and BAE System.

Table of Contents

1. Executive Summary2. Low Earth Orbit (LEO) Satellites Market Characteristics3. Low Earth Orbit (LEO) Satellites Market Trends And Strategies4. Impact Of COVID-19 On Low Earth Orbit (LEO) Satellites
5. Low Earth Orbit (LEO) Satellites Market Size And Growth
5.1. Global Low Earth Orbit (LEO) Satellites Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Low Earth Orbit (LEO) Satellites Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Low Earth Orbit (LEO) Satellites Market Segmentation
6.1. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Femto
  • Pico
  • Nano
  • Micro
  • Mini
6.2. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Sub-System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Payload
  • Structure
  • Telecommunication
  • On-Board Computer
  • Power System
  • Attitude Control
  • Propulsion System
6.3. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Technology Development
  • Earth Observation and Remote Sensing
  • Communication
  • Space Exploration
  • Surveillance
6.4. Global Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Commercial
  • Civil
  • Government
  • Others

7. Low Earth Orbit (LEO) Satellites Market Regional And Country Analysis
7.1. Global Low Earth Orbit (LEO) Satellites Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Low Earth Orbit (LEO) Satellites Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Low Earth Orbit (LEO) Satellites Market
8.1. Asia-Pacific Low Earth Orbit (LEO) Satellites Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Low Earth Orbit (LEO) Satellites Market
9.1. China Low Earth Orbit (LEO) Satellites Market Overview
9.2. China Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Low Earth Orbit (LEO) Satellites Market
10.1. India Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Low Earth Orbit (LEO) Satellites Market
11.1. Japan Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Low Earth Orbit (LEO) Satellites Market
12.1. Australia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Low Earth Orbit (LEO) Satellites Market
13.1. Indonesia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Low Earth Orbit (LEO) Satellites Market
14.1. South Korea Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Low Earth Orbit (LEO) Satellites Market
15.1. Western Europe Low Earth Orbit (LEO) Satellites Market Overview
15.2. Western Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Low Earth Orbit (LEO) Satellites Market
16.1. UK Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Low Earth Orbit (LEO) Satellites Market
17.1. Germany Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Low Earth Orbit (LEO) Satellites Market
18.4. France Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Low Earth Orbit (LEO) Satellites Market
19.1. Eastern Europe Low Earth Orbit (LEO) Satellites Market Overview
19.2. Eastern Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Low Earth Orbit (LEO) Satellites Market
20.1. Russia Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Low Earth Orbit (LEO) Satellites Market
21.1. North America Low Earth Orbit (LEO) Satellites Market Overview
21.2. North America Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Low Earth Orbit (LEO) Satellites Market
22.1. USA Low Earth Orbit (LEO) Satellites Market Overview
22.2. USA Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Low Earth Orbit (LEO) Satellites Market
23.1. South America Low Earth Orbit (LEO) Satellites Market Overview
23.2. South America Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Low Earth Orbit (LEO) Satellites Market
24.1. Brazil Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Low Earth Orbit (LEO) Satellites Market
25.1. Middle East Low Earth Orbit (LEO) Satellites Market Overview
25.2. Middle East Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Low Earth Orbit (LEO) Satellites Market
26.1. Africa Low Earth Orbit (LEO) Satellites Market Overview
26.2. Africa Low Earth Orbit (LEO) Satellites Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Low Earth Orbit (LEO) Satellites Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Low Earth Orbit (LEO) Satellites Market Competitive Landscape And Company Profiles
27.1. Low Earth Orbit (LEO) Satellites Market Competitive Landscape
27.2. Low Earth Orbit (LEO) Satellites Market Company Profiles
27.2.1. Northrop Grumman
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Kepler Communications
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. SpaceX
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Boeing
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Lockheed Martin
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Low Earth Orbit (LEO) Satellites Market29. Low Earth Orbit (LEO) Satellites Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the low earth orbit satellites (LEO) market are Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space, SSL, Globalstar and BAE System.

The global low earth orbit (LEO) satellites market is expected to grow from $3.50 billion in 2021 to $4.13 billion in 2022 at a compound annual growth rate (CAGR) of 18.2%. The growth is mainly due to the increasing adoption of low earth orbit satellites in various sectors, rising importance across communications and defense industries, increasing awareness regarding new forms of technology, integration of IoT, machine learning, rapid advancements in the aerospace, robust government support, increasing preferences towards software-defined payloads for communication satellites, miniaturization of satellite, and growing advancements in payload systems. The market is expected to reach $9 billion in 2026 at a CAGR of 21.5%.

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. It is normally between 1000 km and 160 km above the earth. They are commonly used for communications, military reconnaissance, spying, and other imaging applications.

The main types of low earth orbit satellites are femto, pico, nano, micro, and mini. Satellites with a mass of fewer than 100 grams are known as femto satellites. By concept, these new types of satellites are low-cost devices if they use commercial-off-the-shelf (COTS) components. The picosatellite 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. Nanosatellites are artificial satellites having a weighing mass between 1 and 10 kg. These satellites are used for interplanetary missions, remote sensing, or communications. Satellites with a mass weighing from 10 and 100 kg are known as microsatellites. These are used for gathering scientific data, advancing scientific and human exploration, and radio relay. A minisatellite has a weighing mass usually under 500 kg. The different sub-systems include payload, structure, telecommunication, on-board computer, power system, attitude control, propulsion system and is used in technology development, earth observation and remote sensing, communication, space exploration, surveillance. It is implemented in various verticals such as commercial, civil, government, and others.

North America was the largest region in the low earth orbit satellites market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing adoption of low earth orbit satellites in various sectors is expected to increase the growth of the low earth orbit (LEO) satellites market growth in the forecast period. Low earth orbit satellites serve an important role in earth observation for satellites 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 way of observing and measuring biological, chemical, and physical factors on a global scale using data from low earth orbit satellites. According to the United Nations, the world population is expected to reach 9.7 billion by 2050, resulting in a 69% increase in overall agricultural production between 2010 and 2050. For instance, in November 2020, the Indian Space Research Organisation (ISRO) announced the launch of an earth observation satellite for agriculture, forestry, disaster management support. Companies such as Planet and Satellogic are developing smart farming solutions by launching small and nanosatellites. Thus, the rising adoption of low earth orbit satellites in agriculture will enhance the growth of the low earth orbit satellites market.

The launch of advanced low earth orbit satellites is gaining significant popularity in the low earth orbit satellites market. Major players operating in the low earth orbit satellite sector are focusing on satellite launches to provide global connectivity. For instance, in April 2021, OneWeb, a UK-based low earth orbit satellite communications operator launched 32 LEO satellites from Vostochny cosmodrome in Russia. With the recent launch, OneWeb now has a total of 182 satellites in orbit. These would be part of OneWeb's 648 LEO satellite constellation, which will provide worldwide connectivity at fast speeds and with low latency. Further, in November 2020, Mitsubishi Heavy Industries (MHI), a Japan-based engineering company, launched an advanced relay satellite with laser communications tech into orbit. The satellite payload, called Laser Utilizing Communication System (LUCAS), will send data from satellites in low Earth orbit using laser technology.

In November 2020, the UK government and Bharti Global, the company which has been working to provide satellite internet globally with a constellation of up to 648 satellites acquired OneWeb and for a deal amount of $565.50 million (£400million) to gain a 45% stake each in the firm. The acquisition was considered as a method to keep the UK's space sector afloat after British companies were blocked out of the EU's Galileo satellite navigation program owing to Brexit. OneWeb is a UK-based satellite internet company.

The countries covered in the low earth orbit satellites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Northrop Grumman
  • Kepler Communications
  • SpaceX
  • Boeing
  • Lockheed Martin
  • Thales Alenia Space
  • Airbus Defence and Space
  • SSL
  • Globalstar
  • BAE System

Methodology

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