DUBLIN, Feb. 9, 2023 /PRNewswire/ — The “Global Low Earth Orbit (LEO) Satellite Market (2022 Edition) – Analysis by Application Type, Weight Type (Micro, Mini, <10 KG), End-Use Industry, By Region, By Country: Market Insights and Forecast (2023-2028)” report has been added to ResearchAndMarkets.com’s offering.
Global Low Earth Orbit Satellite market is projected to display a notable growth represented By a CAGR of 25.45% during 2023-2028.
The global Low Earth Orbit Satellite market was valued at USD 5.01 Billion in the year 2021 with the Americas region leading the regional market share.
The report presents the analysis of Low Earth Orbit Satellite Market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.
The Global Low Earth Orbit Satellite Market is driven by an increasing investment in Satellite Industry by governments and organizations like SpaceX, and Boeing across the world. Additionally, the increasing internet penetration rate among the growing population in several developing countries is anticipated to propel the growth of the Global Low Earth Orbit Satellite market.
In the Application segment, the Communications Low Earth Orbit Satellite are expected to grow with a significant CAGR and also it is anticipated to hold a major share in the overall Low Earth Orbit Satellite market as increasing demand for broadband services and high data rate connectivity boosting the market.
One of the most important emerging trends that could impact LEO Satellite industry is the increasing significance of AI, ML and Cloud Computing in the Satellite Industry. LEO satellites can promote business by adopting digitalization and the Internet of Things (IoT), particularly in the oil and gas sector. By providing high-quality connectivity to remote oil fields (offshore and onshore), LEO satellite technology can enable oil companies to enhance their digital capabilities, machine learning, and security initiatives at remote sites.
In the Weight Segment, the Micro-sized Low Earth Orbit Satellite and the satellites which weigh under 10 KG hold the largest share in the market as the large players of LEO Satellite manufacturers are acquiring the small players to increase their market share and revenue and expanding their respective LEO Satellite production and manufacturing across the world in countries like USA, China, Russia and in the United Kingdom.
Company Profiles
- Northrop Grumman
- Kepler Communications
- SpaceX
- Boeing
- Lockheed Martin
- Thales
- Airbus SE
- L3Harris Technologies
- Honeywell
- OneWeb
Key Target Audience:
- Low Earth Orbit Satellite
- Research and Development (R&D) Organizations
- Government Bodies & Regulating Authorities
- Investment Banks and Equity Firms
Key Topics Covered:
1. Introduction
1.1 Overview
1.2 Scope of Research
2. Executive Summary
2.1 Market Dashboard
2.2 Regional Insights
2.3 Market Ecosystem Factors
3. Research Methodology
3.1 Data Collection Process
3.2 Market Trajectory Estimation
3.3 Market Size Calculation
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Trends
4.5 Impact assessment of Market Dynamics
5. Value Chain
5.1 Raw Material Suppliers
5.2 Manufacturers
5.3 Distributors
5.4 End Use Industries
6. Covid-19 Impact Assessment
6.1 Assessment of Degree of Impact of Covid-19 on Global LEO Satellite Market
6.2 Region-Wise Quarterly Covid Impact Analysis
7. Porter Five Force Analysis
8. Macro Economic Indicator Outlook
8.1 Global Information Technology Sector Investments
8.2 Manufacturing Sector
8.3 Government Investments in Space Industry
8.4 Total Objects Launched into Space
8.5 Government Investments in Military
9. Average Selling Price Analysis
9.1 Average Selling Price, By Region
9.2 Average Selling Price, By Application Type
10. Competitive Positioning
10.1 Companies’ Product Positioning
10.2 Market Position Matrix
10.3 Market Share Analysis
11. Volumetric Analysis, Units, 2018-2028
11.1 Global Low Earth Orbit Satellite Market, 2018-2028 (Units)
11.2 Global Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
11.3 Global Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
12. Global Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
12.1 Macro Economic Factor Impact Index
12.2 Low Earth Orbit Satellite Market: Dashboard
12.3 Low Earth Orbit Satellite Market Size, By Value, 2018-2021(USD Billion)
12.4 Low Earth Orbit Satellite Market Size, By Value, 2022-2028 (USD Billion)
12.5 Low Earth Orbit Satellite Market: Summary
13. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Application Type
13.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By Application Type: Snapshot
13.2 Communications
13.3 Space Exploration
13.4 Earth Observation & Remote Sensing
13.5 Other Applications
14. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Capacity Type
14.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By Capacity Type: Snapshot
14.2 Micro (10-100 KG)
14.2 Mini (100-500 KG)
14.2 Below 10 KG
15. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By End User Type
15.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By End User Type: Snapshot
15.2 Residential
15.3 Commercial
15.4 Government & Military
16. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Region
16.1 Regional Coverage of the Study
For more information about this report visit https://www.researchandmarkets.com/r/ebj6rh-low-earth?w=5
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