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 $2.18 billion in 2020 to $2.34 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. 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 $4.36 billion in 2025 at a CAGR of 16.9%.
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 less 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 pico satellite satellites have a wet mass between 0.1 and 1 kg. They are used to carryout various payloads such as imagery sensors, Automatic Identification Systems (AIS) and communications. Nano satellites are artificial satellites having 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 micro satellite. These are used for gathering scientific data, advance scientific and human exploration and radio relay. A mini satellite 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 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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 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 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 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, Indian Space Research Organisation (ISRO) announced the launch 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 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.
Our reports have been used by over 10K customers, including:
The analyst covers the global satellite-enabled IoT market across 14 application subsegments in this report. They are governance, security, emergency services, automotive, maritime, aviation, mass transport, finance, hospitality, retail, oil and gas (O&G), utilities, environment, energy, agriculture, industrial, healthcare, smart city, and...
Global LEO-focused Satellite Propulsion Technology Market is Expected to Reach $13,212.7 Million by 2031 Market Report Coverage - LEO-focused Satellite Propulsion Technology Market Segmentation • End User: Defense and Government and Commercial • Application: Communication, Earth Observation...
The SATCOM equipment market is projected to grow from USD 22.0 billion in 2021 to USD 53.7 billion by 2026, at a CAGR of 19.6%. SATCOM equipment is an integral part of the communication in commercial and defense industry. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has...
The healthcare satellite connectivity market is expected to grow from US$ 6,797.22 million in 2021 to US$ 10,105.21 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The growth of the healthcare satellite connectivity market is mainly attributed to factors such as the government initiatives for promotion and...
The lighter-than-air (LTA) and heavier-than-air (HTA) high-altitude pseudo satellite (HAPS) projects have had a long period of gestation, starting in the 1970s.Technological challenges, especially solar panel efficiency and battery density, have held the market back. The recent closing of the Google Loon project has raised questions...
120 pages •
By Infiniti Research Limited
• Jul 2021
Global Commercial Satellite Imaging Market 2021-2025 The analyst has been monitoring the commercial satellite imaging market and it is poised to grow by $ 1.73 bn during 2021-2025, progressing at a CAGR of 7.02% during the forecast period. Our report on the commercial satellite imaging market provides a holistic analysis,...
The United States LED market was valued at USD 8.58 billion in 2020, and it is expected to reach a value of USD 15.23 billion by 2026, registering a CAGR of 9.85% over the forecast period (2021-2026). The outbreak of COVID-19 has led to a weakened growth of industrial output and the decline in light-manufacturing production across significant...
The global nanosatellite and microsatellite market size is expected to grow from USD 2.3 billion in 2021 to USD 5.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period. Commercial companies, researchers, academia, and the government are building CubeSats for various operational missions. Commercial...
Global Space-Based Laser Communication Market to Reach $4,107.1 Million by 2031 Market Report Coverage - Space-based Laser Communication Market Market Segmentation • End User: Government & Military and Commercial • Application: Technology Development, Earth Observation and Remote...
The satellite payloads market size is projected to grow from USD 3.7 Billion in 2021 to USD 11.3 Billion by 2026, at a CAGR of 24.8% from 2021 to 2026. The satellite payloads market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Ongoing advancements in space technology...
Gross Domestic Product
Foreign Direct Investment
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.