LEO Satellite Market

LEO Satellite Market by Satellite Type (Small, Cube, Medium, Large satellites), Application (Communication, Earth Observation & Remote Sensing, Scientific, Technology), Subsystem, End User, Frequency, and Region (2021-2026)

Report Code: AS 8060 Mar, 2022, by marketsandmarkets.com

[313 Pages Report] The LEO satellite market is projected to grow from USD 9.6 billion in 2021 to USD 19.8 billion by 2026, at a CAGR of 15.5%.

LEO satellite systems hold a huge potential for satellite data service providers, small sat service providers, remote sensing service providers, technical service providers, and investors. The market is one of the most lucrative verticals of the space industry. Factors such as versatility, low cost, advanced mechanics, ease of assembly and launch, mass production, and short lifecycles have driven investments in the LEO satellite market. The amount of satellite data and the range of applications for that data will continue to grow in the future as new technologies develop and more satellites come online.

LEO Satellite Market

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COVID-19 Impact on the LEO satellite Market

The COVID-19 pandemic has caused significant damage to the economic activities of countries across the world. The manufacturing of LEO satellite systems, subsystems, and components has also been impacted. Although satellite systems are critically important, disruptions in the supply chain have halted their manufacturing processes for the time being. Resuming manufacturing activities depends on the level of COVID-19 exposure, the level at which manufacturing operations are running, and import-export regulations, among other factors. While companies may still be taking in orders, delivery schedules may not be fixed.

LEO satellite Market Dynamics

Driver: Increase in demand for LEO-based services

Demand for low-cost, high-speed broadband with increased capacity for enterprise data (retail, banking), energy sector (oil, gas, mining), and governments in industrialized countries is growing. Thus, there is an increase in demand for low-cost broadband among individual consumers in less developed countries and rural areas, which may not have access to the internet. These market expectations are driving investments in LEO constellations. Also, there is a high demand for low-cost, high-speed broadband in industrialized countries, and if all planned LEO constellations succeed, the supply could be higher than the expected demand, which would drive the price per megabit down.

According to the Science and Technology Policy Institute, satellite broadband capacity demand (served by both small and larger satellites in GEO, MEO, and LEO will grow at a CAGR of 29% by 2024, reaching more than 3 terabits of bandwidth 12; however, proposed LEO constellations can collectively deliver almost 10 times as much, if operational.

Restrains: Government policies

Government policies at both the nation-state and international levels directly or indirectly influence the evolution of the LEO satellite ecosystem and market. Currently, there is no comprehensive global or domestic on-orbit regulation regime. There are regulations related to the launch and re-entry of satellites in the spectrum and remote sensing in the US; for example, there are no regulations related to on-orbit activities, such as rendezvous and proximity operations, space-based Space Situational Awareness (SSA), or RF mapping. Internationally. with more than 70 countries engaged in LEO satellite activities, a consensus has not been reached, and there are a few indicators that depict that there will be a comprehensive global regime beyond the high-level dictates in the Outer Space Treaty. Although operators have expressed interest in developing regulations that would provide certainty to investors, there are concerns over burdensome regulations that could drive companies to move from country to country. Given that the timeline in which operator and policymaker functions do not always align and the significant efforts involved in creating international community agreements, developing policies and regulations for the quickly evolving commercial space industry will be a challenge for the next 10 years.

Opportunities: Potential applications of space optical communications using laser beams

Recent developments in laser beam pointing technology have increased the scope of LEO satellites in space optical communications. Using this technology, communication is possible from earth-to-earth orbit and into deep space such as mars and moon and is used in missions such as Artemis Program. Due to the increase in the number of LEO constellations, this technology helps in communication between the satellites in a constellation.

The recent developments in alternate power-sharing technologies (using wireless optical technology) that can provide the power demands of high data rate communication have increased the opportunity for the expansion of the LEO satellite market.

Challenges: Concerns over space debris

LEO satellites may pose a threat to the space environment as they are often launched in densely populated orbits. This is because LEO satellites are subsidiary payloads that are piggybacked on launches dedicated to larger and more expensive satellites. They are generally deployed near or with other large satellites. These large satellites are positioned in sun-synchronous orbits or geostationary transfer orbits, which have space debris. Nanosatellites and microsatellites lack the maneuverability required to move around in such orbits. Native radar signatures of these satellites are typically small and often below the threshold of perception for space surveillance sensors. Furthermore, space debris may prove to be a hazard for LEO satellites, which, in turn, increase the number of debris due to collision or system failure. This is a significant challenge in this field and is under research by various space agencies.

Based on satellite type, the small satellite segment is expected to lead the LEO satellite market from 2021 to 2026.

A small satellite is a type of low mass and compact satellite primarily employed for remote sensing, Earth observation, and communication purposes. These satellites usually weigh less than 500 kg. Small satellites are used for in-orbit inspection purposes of larger satellites. These are also used as test carriers for newly developed components that are to be installed on a much critical satellite. However, small satellites are prone to operational challenges that include lack of power storage and propulsion system, owing to their small dimensions. In January 2022, satellite communications provider, Starlink launched a part of constellation of small satellites in LEO.

Based on application, the communication segment is expected to lead the LEO satellite market from 2021 to 2026.

LEO satellites are increasingly being adopted in modern communication technologies. The introduction of wireless satellite internet and development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication. A rise in R&D activities for communication-related missions is expected to offer enhanced quality communication systems with the help of highly sophisticated miniaturized onboard nano, micro, and mini subsystems, coupled with advanced mission-compatible ground-station technology.

Based on region, North America is expected to lead the LEO satellite market from 2021 to 2026.

The US is a lucrative market for LEO satellite systems in the North American region. The US government is increasingly investing in advanced LEO satellite technologies to enhance the quality and effectiveness of satellite communication. The increasing investment on satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using satellite systems, are key factors expected to drive the LEO satellite market in North America. In 2021, Swarm Technologies launched 28, 0.25U CubeSat SpaceBEE. The CubeSat is the world’s smallest two-way communications satellites for IoT.

LEO Satellite Market by Region

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Key Market Players

The LEO satellite market is dominated by a few globally established players such as L3Harris Technologies (US), Honeywell International Inc. (US), Airbus Space and defense (Germany), SpaceX (US), Northrop Grumman (US), among others.

Contracts were the main strategy adopted by leading players to sustain their position in the LEO satellite market, followed by new product developments with advanced technologies. Many companies also collaborated to set up special centers for the research & development of advanced satellite systems.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

By Application, by End user, by Satellite type, by Frequency, by Sub-system and by region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Companies covered

L3Harris Technologies (US), Honeywell International Inc. (US), Lockheed Martin (US), Northrop Grumman (US), Airbus (Germany), SpaceX (US) are some of the major players of LEO satellite market. (25 Companies)

The study categorizes the LEO satellite market based on Application, End user, Satellite type, Frequency, Sub-system, and region.

By Satellite type

  • Small satellite
  • Cube satellite
  • Medium satellite
  • Large satellite

By Sub-system

  • Satellite Bus
  • Payloads
  • Solar Panels
  • Satellite Antenna
  • Others

By End use

  • Commercial
  • Government & Military
  • Dual Use

By Frequency

  • L- Band
  • S-Band
  • C-Band
  • X-Band
  • Ku-Band
  • Ka-Band
  • Q/V- Band
  • HF/VHF/UHF-Band
  • Laser/Optical

By Application

  • Communication
  • Earth Observation & Remote Sensing
  • Scientific
  • Technology
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In February 2022, SpaceX launched 49 Starlink spacecraft from NASA's Kennedy Space Center (KSC) in Florida. These satellites add to the existing 1700+ LEO satellite constellation in aim to provide faster satellite internet.
  • In December 2021, Surrey Satellite Technology Ltd (SSTL) had been selected to lead a UK Space Agency study to define the mission requirements for a complex mission to de-orbit two non-operational space debris targets.
  • In December 2021, Surrey Satellite Technology Ltd (SSTL) had signed a contract with Satellite Vu for a Mid Wave Infra-Red (MWIR) thermal imaging satellite which will pave the way for a planned constellation of seven MWIR spacecraft. Satellite Vu’s MWIR satellite is based on SSTL’s DarkCarb product, a 100kg class small satellite in SSTL’s Carbonite range.
  • In March 2021, SKY Perfect JSAT Corporation, the main satellite operator in Japan and the world leading Fixed Satellite Service provider, had selected Airbus to build Superbird-9, a fully digital in-orbit reconfigurable telecommunications satellite.
  • In February 2021, Lockheed Martin contracted ABL Space Systems, of California, a developer of low-cost launch vehicles and launch systems for the small satellite industry, to supply a rocket and associated launch services for the company’s first UK vertical satellite launch.
  • In September 2020, The Space Development Agency (SDA) awarded a Tranche 0 contract of the Space Transport Layer to Lockheed Martin to demonstrate a mesh network of 10 small satellites that links terrestrial warfighting domains to space sensors – all launching in just two years.
  • In July 2020, L3Harris Technologies launched the demonstration series of end-to-end small satellites as part of a U.S. Air Force constellation, the company is responsible for developing.
  • In September 2020, Northrop Grumman received a USD 253.5 million contract by the US Space Force to develop a cyber-secure communications payload that could be deployed on military or commercial satellite.
  • In July 2020, Airbus Defence and Space had won a contract for a fully reconfigurable telecommunications satellite from Australia’s second-largest telecommunications company and leading satellite operator Optus. The satellite will be based on Airbus’ new standard OneSat product line and is Airbus’ first contract from the Australian operator.
  • In June 2020, Iridium Communications signed a contract with Relativity Space to deliver satellites to the LEO. The contract included flexible timing for up to 6 dedicated launches to deploy Iridium’s ground spare satellites.

Frequently Asked Questions (FAQs) Addressed by the Report

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TABLE OF CONTENT

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
           1.2.2 MARKETS COVERED
                    FIGURE 1 LEO SATELLITE MARKET SEGMENTATION
           1.2.3 REGIONAL SCOPE
           1.2.4 YEARS CONSIDERED
    1.3 CURRENCY & PRICING
    1.4 USD EXCHANGE RATES
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
           2.1.3 KEY PRIMARY SOURCES
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
    2.3 RESEARCH APPROACH AND METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation & methodology
                    2.3.1.2 Regional split of LEO satellite market
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    2.3.2.1 COVID-19 impact on LEO satellite market
    2.4 DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
    2.6 LIMITATIONS
    2.7 RISKS

3 EXECUTIVE SUMMARY (Page No. - 52)
    FIGURE 7 SMALL SATELLITE SEGMENT PROJECTED TO LEAD MARKET
    FIGURE 8 SATELLITE BUS SEGMENT PROJECTED TO LEAD MARKET
    FIGURE 9 LASER/OPTICAL SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 COMMERCIAL SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    FIGURE 11 COMMUNICATION SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    FIGURE 12 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN LEO SATELLITE MARKET
           FIGURE 13 INCREASED USE OF LEO SATELLITES FOR TRACKING, MONITORING, AND SURVEILLANCE TO DRIVE THE MARKET
    4.2 MARKET, BY APPLICATION
           FIGURE 14 COMMUNICATION SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    4.3 MARKET, BY TYPE
           FIGURE 15 SMALL SATELLITE SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    4.4 LEO SATELLITE MARKET, BY FREQUENCY
           FIGURE 16 LASER/OPTICAL SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 MARKET, BY END USER
           FIGURE 17 COMMERCIAL SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
    4.6 LEO SATELLITE MARKET, BY COUNTRY
           FIGURE 18 MEXICO PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR LEO SATELLITE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increase in demand for LEO-based services
                               TABLE 1 KEY INFORMATION ON LEO CONSTELLATIONS
                    5.2.1.2 Rising demand for Earth observation imagery and analytics
                    5.2.1.3 Increasing developments of satellite networks to provide internet access in areas without/low broadband connectivity
                               TABLE 2 KEY INFORMATION ON SATELLITE AND TERRESTRIAL CONNECTIVITY
                    5.2.1.4 Increasing demand for CubeSats
           5.2.2 RESTRAINTS
                    5.2.2.1 Government policies
                    5.2.2.2 Coverage, efficiency, and complexity of LEO satellites over GEO satellites for same application
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Potential applications of space optical communications using laser beams
                    5.2.3.2 Advancements in electric propulsion systems for LEO satellites
                    5.2.3.3 Use of software-defined technology for flexibility in alter space missions
                    5.2.3.4 Technological advancements in antennas, ground stations, and other areas
           5.2.4 CHALLENGES
                    5.2.4.1 Concerns over space debris
                    5.2.4.2 Implications in supply chain of LEO satellites market
    5.3 COVID-19 IMPACT ON LEO SATELLITE MARKET
           FIGURE 20 COVID-19 IMPACT ON LEO SATELLITE MARKET
           FIGURE 21 COVID-19 IMPACT ON SUPPLY AND DEMAND SIDES OF LEO SATELLITES MARKET
           5.3.1 SUPPLY-SIDE IMPACT OF COVID-19
           5.3.2 DEMAND-SIDE IMPACT OF COVID-19
    5.4 RANGE/SCENARIOS
           FIGURE 22 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF LEO SATELLITE MARKET WITH REGARDS TO COVID-19 PANDEMIC
    5.5 VALUE CHAIN ANALYSIS OF LEO SATELLITEs MARKET
           FIGURE 23 VALUE CHAIN ANALYSIS
           5.5.1 R&D
           5.5.2 RAW MATERIAL
           5.5.3 OEM (COMPONENT/PRODUCT MANUFACTURERS)
           5.5.4 ASSEMBLERS & INTEGRATORS
           5.5.5 END USERS
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR LEO SATELLITE SYSTEM MANUFACTURERS
    5.7 LEO SATELLITE MARKET ECOSYSTEM
           5.7.1 PROMINENT COMPANIES
           5.7.2 PRIVATE AND SMALL ENTERPRISES
           5.7.3 ECOSYSTEM
           FIGURE 24 MARKET ECOSYSTEM MAP: LEO SATELLITE MARKET
           TABLE 3 MARKET ECOSYSTEM
    5.8 AVERAGE SELLING PRICE OF LEO SATELLITES
           TABLE 4 AVERAGE SELLING PRICE TRENDS OF LEO SATELLITES, 2020 (USD)
    5.9 OPERATIONAL DATA
           TABLE 5 GLOBAL LEO SATELLITE LAUNCH VOLUME, BY SATELLITE TYPE, 2018–2021
    5.10 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 LEO SATELLITE: PORTER’S FIVE FORCE ANALYSIS
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWER OF SUPPLIERS
           5.10.4 BARGAINING POWER OF BUYERS
           5.10.5 DEGREE OF COMPETITION
    5.11 TARIFF AND REGULATORY LANDSCAPE
           5.11.1 NORTH AMERICA
           5.11.2 EUROPE
                    5.11.2.1 UN Outer Space Treaty
                    5.11.2.2 Developers
           5.11.3 ASIA PACIFIC
           5.11.4 MIDDLE EAST AND AFRICA.

6 INDUSTRY TRENDS (Page No. - 76)
    6.1 INTRODUCTIONS
    6.2 TECHNOLOGY TRENDS
           6.2.1 HIGH ALTITUDE PLATFORM STATION (HAPS) SYSTEMS
           6.2.2 DEVELOPMENT OF SATELLITE CONSTELLATIONS TO PROVIDE COMMUNICATIONS
           6.2.3 USE OF LEO SATELLITES TO PROVIDE ENHANCED SPACE IMAGERY
           6.2.4 DEVELOPMENT OF DEDICATED LAUNCH VEHICLES FOR LEO SATELLITES
                    TABLE 7 STATE-OF-THE-ART LEO SATELLITE/CUBESAT TECHNOLOGIES
           6.2.5 ADDITIVE MANUFACTURING
           6.2.6 ADVANCEMENTS IN ELECTRIC PROPULSION SYSTEMS FOR LEO SATELLITES
           6.2.7 DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN SMALL SATELLITE APPLICATIONS
                    TABLE 8 DIFFERENCE BETWEEN DISTRIBUTED AND CENTRALIZED EPS ARCHITECTURE
           6.2.8 HYPERSPECTRAL AND MULTI-SPECTRAL IMAGING DISTRIBUTED EPS IN SMALL SATELLITE APPLICATIONS
           6.2.9 ENERGY STORAGE (PRIMARY & SECONDARY BATTERIES) DISTRIBUTED EPS IN SMALL SATELLITE APPLICATIONS
                    TABLE 9 BATTERY TECHNOLOGIES
    6.3 USE CASES
           6.3.1 USE CASE: SMALL SATELLITES FOR IOT AND COMMUNICATIONS
           6.3.2 USE CASE: SPACE-BASED GLOBAL WIRELESS MONITORING SYSTEMS
           6.3.3 USE CASE: MEASUREMENTS OF MAGNETIC AND ELECTRIC FIELDS ON EARTH’S IONOSPHERE
           6.3.4 USE CASE: REAL-TIME DATA TO EMERGENCY SYSTEM
           6.3.5 USE CASE: SATELLITE RADIATION HARDNESS TEST
    6.4 IMPACT OF MEGATRENDS
           6.4.1 HYBRID BEAMFORMING METHODS
           6.4.2 COGNITIVE RADIO (SDR-CR) TECHNOLOGY
           6.4.3 PATENT ANALYSIS
                    TABLE 10 INNOVATIONS & PATENT REGISTRATIONS, 2020-2021

7 LEO SATELLITE MARKET, BY TYPE (Page No. - 86)
    7.1 INTRODUCTION
           FIGURE 25 SMALL SATELLITE SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 11 MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
           TABLE 12 MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
           TABLE 13 MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
           TABLE 14 MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
    7.2 LARGE SATELLITE
           7.2.1 DEMAND FROM GOVERNMENT AGENCIES TO DRIVE THE SEGMENT
    7.3 MEDIUM SATELLITE
           7.3.1 INCREASING FOR EARTH OBSERVATION TO DRIVE THE SEGMENT
    7.4 SMALL SATELLITE
           7.4.1 MINISATELLITE (100-500 KG)
                    7.4.1.1 Usage in earth observation and broadband internet to drive demand
           7.4.2 MICROSATELLITE (10-100 KG)
                    7.4.2.1 Use in tactical communication in military applications to drive demand
           7.4.3 NANOSATELLITE (1–10 KG)
                    7.4.3.1 Wide scope in commercial applications to drive demand
    7.5 CUBESAT
           7.5.1 0.25-1U
                    7.5.1.1 Key focus on developing 0.25-1U CubeSats for communication
           7.5.2 2U
                    7.5.2.1 2U CubeSats are used for testing emerging technologies
           7.5.3 3U
                    7.5.3.1 3U CubeSats are used for earth observation and traffic monitoring
           7.5.4 6U
                    7.5.4.1 Increasing demand for space science missions to drive the segment
           7.5.5 12U & 16U
                    7.5.5.1 Use in monitoring emissions to drive the segment

8 LEO SATELLITE MARKET, BY SUBSYSTEM (Page No. - 94)
    8.1 INTRODUCTION
           TABLE 15 MARKET, BY SUBSYSTEM, 2018–2020 (USD MILLION)
           TABLE 16 LEO SATELLITE MARKET, BY SUBSYSTEM, 2021–2026 (USD MILLION)
    8.2 SATELLITE BUS
           TABLE 17 SATELLITE BUS MARKET, BY SUBTYPE, 2018–2020 (USD MILLION)
           TABLE 18 SATELLITE BUS MARKET, BY SUBTYPE, 2021–2026 (USD MILLION)
           8.2.1 ATTITUDE & ORBITAL CONTROL SYSTEM
                    8.2.1.1 Need for stability of payloads and pointing accuracy to drive the segment
           8.2.2 COMMAND & DATA HANDLING SYSTEM (C&DH)
                    8.2.2.1 C&DH system controls overall operations of satellites
           8.2.3 ELECTRICAL POWER SYSTEM (EPS)
                    8.2.3.1 Technological advancements in electrical power systems to drive the segment
           8.2.4 PROPULSION
                    TABLE 19 PROPULSION SYSTEM MARKET, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 20 PROPULSION SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
                    8.2.4.1 Chemical propulsion
                               8.2.4.1.1 Technological innovations to drive demand
                    8.2.4.2 Electric propulsion
                               8.2.4.2.1 Improved performance of new-generation systems to drive demand
                    8.2.4.3 Hybrid propulsion
                               8.2.4.3.1 Need for low-cost launch vehicles to drive demand
           8.2.5 TELEMETRY, TRACKING, AND COMMAND (TT&C)
                    8.2.5.1 Need for effective communication between satellite and ground station to drive demand
           8.2.6 STRUCTURE
                    8.2.6.1 Standardized structures enable proper placement of systems in satellites
           8.2.7 THERMAL SYSTEM
                    8.2.7.1 Need for miniaturized thermal management systems to drive demand
    8.3 PAYLOADS
           TABLE 21 PAYLOAD SYSTEM MARKET, BY TYPE, 2018–2020 (USD MILLION)
           TABLE 22 PAYLOAD SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
           8.3.1 TRADITIONAL PAYLOADS
                    TABLE 23 TRADITIONAL PAYLOAD SYSTEM MARKET, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 24 TRADITIONAL PAYLOAD SYSTEM, BY TYPE, 2021–2026 (USD MILLION)
                    8.3.1.1 Optical and infrared
                               8.3.1.1.1 Increased demand for Earth observation and remote sensing applications to drive the segment
                    8.3.1.2 Hyperspectral and multispectral imager
                               8.3.1.2.1 Increased need for applications like mapping & remote sensing to drive demand
                    8.3.1.3 Radar payload
                               8.3.1.3.1 Demand for high-resolution remote sensing to drive the segment
                    8.3.1.4 Communication payload/ transponder
                               8.3.1.4.1 Increasing demand for efficient communication for small satellites to drive the segment
                    8.3.1.5 Others
           8.3.2 SOFTWARE-DEFINED PAYLOADS
                    8.3.2.1 Use of software-defined technology for flexibility to alter space mission to drive the segment
    8.4 SOLAR PANELS
           8.4.1 USE OF SOLAR PHOTOVOLTAIC PANELS TO SUPPLY POWER IN SPACE TO DRIVE THE SEGMENT
    8.5 SATELLITE ANTENNA
           8.5.1 WIRE ANTENNAS
                    8.5.1.1 Monopole
                               8.5.1.1.1 Monopole antennas provide shorter signals with a wider coverage area
                    8.5.1.2 Dipole
                               8.5.1.2.1 Dipole antennas are used for radio transmitting and receiving applications
           8.5.2 HORN ANTENNAS
                    8.5.2.1 Horn antennas are used for Earth observation due to their wide range of frequency
           8.5.3 ARRAY ANTENNAS
                    8.5.3.1 Advancements in solid-state technology have made phased array antennas more cost-effective
           8.5.4 REFLECTOR ANTENNAS
                    8.5.4.1 Parabolic reflector
                               8.5.4.1.1 Parabolic reflectors are used for point-to-point communication
                    8.5.4.2 Double reflector
                               8.5.4.2.1 Double reflector has better gain than other antennas
    8.6 OTHERS

9 LEO SATELLITE MARKET, BY APPLICATION (Page No. - 108)
    9.1 INTRODUCTION
           FIGURE 27 COMMUNICATION SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 25 MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 26 LEO SATELLITE MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    9.2 COMMUNICATION
           9.2.1 ADVANCEMENTS IN TECHNOLOGY PROVIDING EFFICIENT MINIATURIZED COMMUNICATIONS SYSTEMS TO DRIVE DEMAND
    9.3 EARTH OBSERVATION & REMOTE SENSING
           9.3.1 COMPACT NATURE OF LEO SATELLITES LEAD TO EFFICIENT EARTH OBSERVATION AND REMOTE SENSING
    9.4 SCIENTIFIC
           9.4.1 MINIATURIZATION OF SUBCOMPONENTS AND PAYLOADS FACILITATES USE OF LEO SATELLITES FOR NEW SPACE SCIENCE MISSIONS
    9.5 TECHNOLOGY
           9.5.1 INCREASED INVESTMENTS IN LEO SATELLITES TO DEVELOP BETTER NAVIGATION AND TRACKING TECHNOLOGIES
    9.6 OTHERS

10 LEO SATELLITE MARKET, BY END USER (Page No. - 113)
     10.1 INTRODUCTION
             FIGURE 28 COMMERCIAL SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD
             TABLE 27 LEO SATELLITES MARKET, BY END USER, 2018–2020 (USD MILLION)
             TABLE 28 LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
     10.2 COMMERCIAL
             TABLE 29 LEO SATELLITES MARKET, BY COMMERCIAL END USER, 2018–2020 (USD MILLION)
             TABLE 30 LEO SATELLITE MARKET, BY COMMERCIAL END USER, 2021–2026 (USD MILLION)
             10.2.1 SATELLITE OPERATORS/OWNERS
                        10.2.1.1 Extensive use of LEO satellites for commercialization and data transferability to drive the segment
             10.2.2 MEDIA & ENTERTAINMENT
                        10.2.2.1 Increasing need for on-demand and streaming information and entertainment to drive the segment
             10.2.3 ENERGY INDUSTRY
                        10.2.3.1 Demand for monitoring structural integrity of nuclear power stations to drive the segment
             10.2.4 SCIENTIFIC RESEARCH & DEVELOPMENT
                        10.2.4.1 Endless prospects in space research to create market opportunities
             10.2.5 OTHERS
     10.3 GOVERNMENT & MILITARY
             TABLE 31 LEO SATELLITE MARKET, BY GOVERNMENT AND MILITARY END USER, 2018–2020 (USD MILLION)
             TABLE 32 MARKET, BY GOVERNMENT AND MILITARY END USE, 2021–2026 (USD MILLION)
             10.3.1 DEPARTMENT OF DEFENSE & INTELLIGENCE AGENCIES
                        10.3.1.1 Increasing demand for real-time data and imaging to drive the segment
             10.3.2 NATIONAL SPACE AGENCIES
                        10.3.2.1 Small satellites launched into LEO lead to efficient earth observation and remote sensing
             10.3.3 SEARCH AND RESCUE ENTITIES
                        10.3.3.1 Increased adoption of satellite-aided rescue & research to drive demand
             10.3.4 ACADEMIC & RESEARCH INSTITUTIONS
                        10.3.4.1 Increasing support from governments to train students in LEO satellite development to drive the segment
             10.3.5 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES
                        10.3.5.1 Increased investments in LEO satellites to improve GPS-based navigation to drive the segment
     10.4 DUAL-USE
             10.4.1 INCREASE IN LAUNCH OF SATELLITES FOR BETTER CONNECTIVITY AND PROVISION OF HIGH-SPEED DATA TO DRIVE THE SEGMENT

11 LEO SATELLITE MARKET, BY FREQUENCY (Page No. - 121)
     11.1 INTRODUCTION
           FIGURE 29 KU-BAND SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 33 SMALL SATELLITE MARKET, BY FREQUENCY, 2018–2020 (USD MILLION)
           TABLE 34 SMALL SATELLITE MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
     11.2 L-BAND
             11.2.1 L-BAND IS EXTENSIVELY USED IN DATA COMMUNICATIONS AND TRAFFIC INFORMATION
     11.3 S-BAND
             11.3.1 LOW DRAG AND LIGHTWEIGHT S-BAND ANTENNAS ARE COMPATIBLE WITH SPACE OPERATIONS
     11.4 C-BAND
             11.4.1 LEO SATELLITES WITH C-BAND FREQUENCY ARE USED FOR NAVIGATION PURPOSES
     11.5 X-BAND
             11.5.1 USE OF X-BAND TO PROVIDE HIGH-THROUGHPUT COMMUNICATION FROM SPACECRAFT TO GROUND STATIONS
     11.6 KU-BAND
             11.6.1 NEED FOR A WIDER RANGE OF DATA COMMUNICATION TO DRIVE DEMAND
     11.7 KA-BAND
             11.7.1 KA-BAND ANTENNAS ARE USED FOR HIGH BANDWIDTH COMMUNICATION
     11.8 Q/V-BAND
             11.8.1 Q/V BAND ANTENNAS REDUCE SIGNAL FADING AT HIGH-FREQUENCY BANDS
     11.9 HF/VHF/UHF-BAND
             11.9.1 HF/VHF/UHF BAND ANTENNAS ARE EXTENSIVELY USED FOR CUBESAT COMMUNICATIONS
     11.10 LASER/OPTICAL-BAND
             11.10.1 LASER/OPTICAL BAND COMMUNICATION IN SPACE OPENS VIRTUALLY UNLIMITED CAPACITIES WITHOUT REGULATIONS

12 REGIONAL ANALYSIS (Page No. - 127)
     12.1 INTRODUCTION
             TABLE 35 LEO SATELLITE MARKET SIZE, BY REGION, 2018–2020 (USD MILLION)
             TABLE 36 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
             12.2.1 NORTH AMERICA: COVID-19 IMPACT
             12.2.2 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 30 NORTH AMERICA: LEO SATELLITE MARKET SNAPSHOT
                        TABLE 37 NORTH AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 38 NORTH AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 39 NORTH AMERICA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 40 NORTH AMERICA: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 41 NORTH AMERICA: MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 42 NORTH AMERICA: MARKET, BY END USER, 2021–2026 (USD MILLION)
                        TABLE 43 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 44 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.2.3 US
                        12.2.3.1 Increasing use of LEO satellites in agriculture to drive the market
                                     TABLE 45 US: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 46 US: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 47 US: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 48 US: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 49 US: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 50 US: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.2.4 CANADA
                        12.2.4.1 Expansion of manufacturing facilities to drive the market
                                     TABLE 51 CANADA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 52 CANADA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 53 CANADA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 54 CANADA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 55 CANADA: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 56 CANADA: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
     12.3 EUROPE
             12.3.1 EUROPE: COVID-19 IMPACT
             12.3.2 PESTLE ANALYSIS: EUROPE
                        FIGURE 31 EUROPE MARKET SNAPSHOT
                        TABLE 57 EUROPE: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 58 EUROPE: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 59 EUROPE: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 60 EUROPE: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 61 EUROPE: LEO SATELLITE MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 62 EUROPE: MARKET, BY END USER, 2021–2026 (USD MILLION)
                        TABLE 63 EUROPE: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 64 EUROPE: LEO SATELLITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
             12.3.3 UK
                        12.3.3.1 Innovations in satellite technologies to drive the market
                                     TABLE 65 UK: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 66 UK: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 67 UK: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 68 UK: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 69 UK: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 70 UK: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.3.4 GERMANY
                        12.3.4.1 Increase in demand for CubeSats to drive the market
                                     TABLE 71 GERMANY: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 72 GERMANY: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 73 GERMANY: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 74 GERMANY: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 75 GERMANY: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 76 GERMANY: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.3.5 RUSSIA
                        12.3.5.1 Growing reliability on self-developed space systems to drive the market
                                     TABLE 77 RUSSIA: MARKET SIZE, BY SATELLITE MASS, 2018–2020 (USD MILLION)
                                     TABLE 78 RUSSIA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 79 RUSSIA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 80 RUSSIA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 81 RUSSIA: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 82 RUSSIA: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.3.6 FINLAND
                        12.3.6.1 Increasing partnerships among local companies to drive the market
                                     TABLE 83 FINLAND: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 84 FINLAND: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 85 FINLAND: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 86 FINLAND: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 87 FINLAND: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 88 FINLAND: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.3.7 ITALY
                        12.3.7.1 Demand for Earth observation and science missions to drive the market
                                     TABLE 89 ITALY: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 90 ITALY: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 91 ITALY: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 92 ITALY: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 93 ITALY: MARKET, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 94 ITALY: MARKET, BY END USER, 2021–2026 (USD MILLION)
             12.3.8 REST OF EUROPE
                        TABLE 95 REST OF EUROPE: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 96 REST OF EUROPE: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 97 REST OF EUROPE: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 98 REST OF EUROPE: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 99 REST OF EUROPE: MARKET, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 100 REST OF EUROPE: LEO SATELLITE MARKET, BY END USER, 2021–2026 (USD MILLION)
     12.4 ASIA PACIFIC
             12.4.1 ASIA PACIFIC: COVID-19 IMPACT
             12.4.2 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 32 ASIA PACIFIC: LEO SATELLITE MARKET SNAPSHOT
                        TABLE 101 ASIA PACIFIC: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 102 ASIA PACIFIC: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 103 ASIA PACIFIC: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 104 ASIA PACIFIC: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 105 ASIA PACIFIC: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 106 ASIA PACIFIC: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
                        TABLE 107 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 108 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             12.4.3 CHINA
                        12.4.3.1 Dependence on self-made space technology to drive the market
                                     TABLE 109 CHINA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 110 CHINA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 111 CHINA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 112 CHINA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 113 CHINA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 114 CHINA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.4.4 INDIA
                        12.4.4.1 12.4.4.1 Upcoming space initiatives to drive the market
                                     TABLE 115 INDIA: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 116 INDIA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 117 INDIA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 118 INDIA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 119 INDIA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 120 INDIA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.4.5 JAPAN
                        12.4.5.1 Involvement of private space companies in government space programs to drive the market
                                     TABLE 121 JAPAN: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 122 JAPAN: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2021–2021 (USD MILLION)
                                     TABLE 123 JAPAN: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 124 JAPAN: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 125 JAPAN: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 126 JAPAN: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.4.6 SOUTH KOREA
                        12.4.6.1 Increased government funding to drive the market
                                     TABLE 127 SOUTH KOREA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 128 SOUTH KOREA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 129 SOUTH KOREA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 130 SOUTH KOREA: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 131 SOUTH KOREA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 132 SOUTH KOREA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.4.7 AUSTRALIA
                        12.4.7.1 Government encouragement to new manufacturers for opening new facilities to drive the market
                                     TABLE 133 AUSTRALIA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 134 AUSTRALIA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 135 AUSTRALIA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 136 AUSTRALIA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 137 AUSTRALIA: LEO SATELLITE MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 138 AUSTRALIA: MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.4.8 REST OF ASIA PACIFIC
                        TABLE 139 REST OF ASIA PACIFIC: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 140 REST OF ASIA PACIFIC: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 141 REST OF ASIA PACIFIC: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 142 REST OF ASIA PACIFIC: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 143 REST OF ASIA PACIFIC: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 144 REST OF ASIA PACIFIC: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA
             12.5.1 MIDDLE EAST & AFRICA: COVID-19 IMPACT
             12.5.2 PESTLE ANALYSIS: MIDDLE EAST AND AFRICA
                        FIGURE 33 MIDDLE EAST AND AFRICA: LEO SATELLITE MARKET SNAPSHOT
                        TABLE 145 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 146 MIDDLE EAST & AFRICA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 147 MIDDLE EAST & AFRICA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 148 MIDDLE EAST & AFRICA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 149 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 150 MIDDLE EAST & AFRICA: MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
                        TABLE 151 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 152 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             12.5.3 SAUDI ARABIA
                        12.5.3.1 Collaboration with universities for technological advancements in space systems to drive the market
                                     TABLE 153 SAUDI ARABIA: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 154 SAUDI ARABIA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 155 SAUDI ARABIA: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 156 SAUDI ARABIA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 157 SAUDI ARABIA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 158 SAUDI ARABIA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.5.4 ISRAEL
                        12.5.4.1 Increased private investments in space technology to drive the market
                                     TABLE 159 ISRAEL: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 160 ISRAEL: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 161 ISRAEL: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 162 ISRAEL: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 163 ISRAEL: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 164 ISRAEL: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.5.5 UAE
                        12.5.5.1 Advanced satellite systems required for border control to drive the market
                                     TABLE 165 UAE: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 166 UAE: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 167 UAE: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 168 UAE: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 169 UAE: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 170 UAE: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.5.6 REST OF MIDDLE EAST AND AFRICA
                        TABLE 171 REST OF MIDDLE EAST AND AFRICA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 172 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 173 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 174 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 175 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 176 REST OF MIDDLE EAST AND AFRICA: MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
     12.6 LATIN AMERICA
             12.6.1 LATIN AMERICA: COVID-19 IMPACT
             12.6.2 PESTLE ANALYSIS
                        FIGURE 34 LATIN AMERICA: LEO SATELLITE MARKET SNAPSHOT
                        TABLE 177 LATIN AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 178 LATIN AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 179 LATIN AMERICA: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 180 LATIN AMERICA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 181 LATIN AMERICA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 182 LATIN AMERICA: MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
                        TABLE 183 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 184 LATIN AMERICA: LEO SATELLITE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             12.6.3 MEXICO
                        12.6.3.1 Collaborative studies and CubeSat launch initiatives by universities to drive the market
                                     TABLE 185 MEXICO: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 186 MEXICO: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 187 MEXICO: MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 188 MEXICO: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 189 MEXICO: LEO SATELLITES MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 190 MEXICO: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.6.4 ARGENTINA
                        12.6.4.1 Increasing need for improving space situational awareness to drive the market
                                     TABLE 191 ARGENTINA: LEO SATELLITE MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                                     TABLE 192 ARGENTINA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                                     TABLE 193 ARGENTINA: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                                     TABLE 194 ARGENTINA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                                     TABLE 195 ARGENTINA: LEO SATELLITES MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                                     TABLE 196 ARGENTINA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)
             12.6.5 REST OF LATIN AMERICA
                        TABLE 197 REST OF LATIN AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2018–2020 (USD MILLION)
                        TABLE 198 REST OF LATIN AMERICA: MARKET SIZE, BY SATELLITE TYPE, 2021–2026 (USD MILLION)
                        TABLE 199 REST OF LATIN AMERICA: LEO SATELLITE MARKET SIZE, BY SMALL SATELLITE, 2018–2020 (USD MILLION)
                        TABLE 200 REST OF LATIN AMERICA: MARKET SIZE, BY SMALL SATELLITE, 2021–2026 (USD MILLION)
                        TABLE 201 REST OF LATIN AMERICA: MARKET SIZE, BY END USER, 2018–2020 (USD MILLION)
                        TABLE 202 REST OF LATIN AMERICA: LEO SATELLITE MARKET SIZE, BY END USER, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 202)
     13.1 INTRODUCTION
     13.2 COMPANY OVERVIEW
             13.2.1 KEY DEVELOPMENTS OF LEADING PLAYERS IN LEO SATELLITE MARKET (2019-2021)
     13.3 RANKING ANALYSIS OF KEY PLAYERS IN LEO SATELLITE MARKET
             FIGURE 35 RANKING OF KEY PLAYERS IN LEO SATELLITE MARKET, 2020
     13.4 MARKET SHARE OF KEY PLAYERS, 2020
     13.5 REVENUE ANALYSIS FOR KEY COMPANIES IN LEO SATELLITE MARKET
     13.6 COMPANY PRODUCT FOOTPRINT ANALYSIS
             TABLE 203 COMPANY PRODUCT FOOTPRINT
             TABLE 204 COMPANY SUBSYSTEMS FOOTPRINT
             TABLE 205 COMPANY WEIGHT FOOTPRINT
     13.7 COMPETITIVE EVALUATION QUADRANT
             13.7.1 STAR
             13.7.2 EMERGING LEADER
             13.7.3 PERVASIVE
             13.7.4 PARTICIPANT
                        FIGURE 36 MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
     13.8 STARTUP/SME EVALUATION QUADRANT
             13.8.1 PROGRESSIVE COMPANY
             13.8.2 RESPONSIVE COMPANY
             13.8.3 STARTING BLOCK
             13.8.4 DYNAMIC COMPANY
                        FIGURE 37 LEO SATELLITE MARKET (STARTUP/SME) COMPETITIVE LEADERSHIP MAPPING, 2020
     13.9 COMPETITIVE SCENARIO
             13.9.1 MARKET EVALUATION FRAMEWORK
             13.9.2 NEW PRODUCT LAUNCHED AND DEVELOPMENT
                        TABLE 207 NEW PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2021
             13.9.3 CONTRACTS, PARTNERSHIPS, AND AGREEMENTS
                        TABLE 208 CONTRACTS, PARTNERSHIPS, AND AGREEMENTS, JANUARY 2019–DECEMBER 2021
             13.9.4 COLLABORATIONS AND EXPANSIONS
                        TABLE 209 EXPANSION AND COLLABORATION, JANUARY 2019–DECEMBER 2021

14 COMPANY PROFILES (Page No. - 228)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)* 
             14.2.1 LOCKHEED MARTIN CORPORATION
                        TABLE 210 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 38 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 211 LOCKHEED MARTIN CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 212 LOCKHEED MARTIN CORPORATION: DEALS
             14.2.2 AIRBUS DEFENSE & SPACE
                        TABLE 213 AIRBUS DEFENCE AND SPACE: BUSINESS OVERVIEW
                        FIGURE 39 AIRBUS DEFENCE AND SPACE: COMPANY SNAPSHOT
                        TABLE 214 AIRBUS DEFENCE AND SPACE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 215 AIRBUS DEFENCE AND SPACE: DEALS
             14.2.3 L3HARRIS TECHNOLOGIES INC.
                        TABLE 216 L3HARRIS TECHNOLOGIES INC: BUSINESS OVERVIEW
                        FIGURE 40 L3HARRIS TECHNOLOGIES INC.: COMPANY SNAPSHOT
                        TABLE 217 L3HARRIS TECHNOLOGIES INC: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 218 L3HARRIS TECHNOLOGIES: DEALS
                        TABLE 219 L3HARRIS TECHNOLOGIES: OTHERS
             14.2.4 NORTHROP GRUMMAN CORPORATION
                        TABLE 220 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 41 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 221 NORTHROP GRUMMAN CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 222 NORTHROP GRUMMAN CORPORATION: DEALS
             14.2.5 SPACE EXPLORATION TECHNOLOGIES CORP. (SPACEX)
                        TABLE 223 SPACEX: BUSINESS OVERVIEW
                        TABLE 224 SPACEX: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 225 SPACEX: DEALS
                        TABLE 226 SPACEX: OTHERS
             14.2.6 SIERRA NEVADA CORPORATION
                        TABLE 227 SIERRA NEVADA CORPORATION: BUSINESS OVERVIEW
                        TABLE 228 SIERRA NEVADA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 229 SIERRA NEVADA CORPORATION: DEALS
             14.2.7 SURREY SATELLITE TECHNOLOGY LTD (SSTL)
                        TABLE 230 SURREY SATELLITE TECHNOLOGY LTD: BUSINESS OVERVIEW
                        TABLE 231 SURREY SATELLITE TECHNOLOGY LTD: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 232 SURREY SATELLITE TECHNOLOGY LTD.: DEALS
                        TABLE 233 SURREY SATELLITE TECHNOLOGY LTD.: OTHERS
             14.2.8 THALES GROUP
                        TABLE 234 THALES GROUP: BUSINESS OVERVIEW
                        FIGURE 42 THALES GROUP: COMPANY SNAPSHOT
                        TABLE 235 THALES GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 236 THALES GROUP: DEALS
             14.2.9 GOMSPACE
                        TABLE 237 GOMSPACE: BUSINESS OVERVIEW
                        FIGURE 43 GOMSPACE: COMPANY SNAPSHOT
                        TABLE 238 GOMSPACE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 239 GOMSPACE: DEALS
             14.2.10 PLANET LABS INC
                        TABLE 240 PLANET LAB INC: BUSINESS OVERVIEW
                        FIGURE 44 PLANET LAB INC: COMPANY SNAPSHOT
                        TABLE 241 PLANET LAB INC: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 242 PLANET LAB INC.: DEALS
                        TABLE 243 PLANET LAB INC.: OTHERS
             14.2.11 RAYTHEON TECHNOLOGIES CORPORATION
                        TABLE 244 RAYTHEON TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                        FIGURE 45 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                        TABLE 245 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 246 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
                        TABLE 247 RAYTHEON TECHNOLOGIES CORPORATION.: OTHERS
             14.2.12 OHB SE
                        TABLE 248 OHB SE: BUSINESS OVERVIEW
                        FIGURE 46 OHB SE: COMPANY SNAPSHOT
                        TABLE 249 OHB SE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 250 OHB SE: DEALS
                        TABLE 251 OHB SE: OTHERS
             14.2.13 MAXAR TECHNOLOGIES
                        TABLE 252 MAXAR TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 47 MAXAR TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 253 MAXAR TECHNOLOGIES: PRODUCT/SOLUTIONS/SERVICES OFFERED
             14.2.14 THE AEROSPACE CORPORATION
                        TABLE 254 THE AEROSPACE CORPORATION: BUSINESS OVERVIEW
                        TABLE 255 THE AEROSPACE CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 256 THE AEROSPACE CORPORATION: DEALS
                        TABLE 257 THE AEROSPACE CORPORATION: OTHERS
             14.2.15 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 258 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 259 MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 260 MITSUBISHI ELECTRIC CORPORATION: DEALS
                        TABLE 261 MITSUBISHI ELECTRIC CORPORATION: OTHERS
             14.2.16 EXOLAUNCH GMBH
                        TABLE 262 EXOLAUNCH GMBH: BUSINESS OVERVIEW
                        TABLE 263 EXOLAUNCH GMBH: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 264 EXOLAUNCH GMBH: DEALS
                        TABLE 265 EXOLAUNCH GMBH: OTHERS
             14.2.17 PUMPKIN INC.
                        TABLE 266 PUMPKIN INC.: BUSINESS OVERVIEW
                        TABLE 267 PUMPKIN INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             14.2.18 BALL AEROSPACE & TECHNOLOGIES
                        TABLE 268 BALL AEROSPACE & TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 49 BALL AEROSPACE AND TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 269 BALL AEROSPACE & TECHNOLOGIES.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 270 BALL AEROSPACE & TECHNOLOGIES CORPORATION: OTHERS
             14.2.19 DAURIA AEROSPACE LTD.
                        TABLE 271 DAURIA AEROSPACE LTD.: BUSINESS OVERVIEW
                        TABLE 272 DAURIA AEROSPACE LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             14.2.20 AAC CLYDE SPACE
                        TABLE 273 AAC CLYDE SPACE: BUSINESS OVERVIEW
                        FIGURE 50 AAC CLYDE SPACE: COMPANY SNAPSHOT
                        TABLE 274 AAC CLYDE SPACE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 275 AAC CLYDE SPACE: DEALS
                        TABLE 276 AAC CLYDE SPACE: OTHERS
             14.2.21 MILLENNIUM SPACE SYSTEM, INC
                        TABLE 277 MILLENNIUM SPACE SYSTEM, INC.: BUSINESS OVERVIEW
                        TABLE 278 MILLENNIUM SPACE SYSTEM, INC: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 279 MILLENNIUM SPACE SYSTEMS, INC.: OTHERS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies. 
     14.3 STARTUPS/SMES
             14.3.1 ENDUROSAT
                        TABLE 280 ENDUROSAT: BUSINESS OVERVIEW
             14.3.2 SWARM TECHNOLOGIES
                        TABLE 281 SWARM TECHNOLOGIES: BUSINESS OVERVIEW
             14.3.3 NANOAVIONICS
                        TABLE 282 NANOAVIONICS: BUSINESS OVERVIEW
             14.3.4 ALΙN SPACE
                        TABLE 283 ALΙN SPACE: BUSINESS OVERVIEW
             14.3.5 NEARSPACE LAUNCH, INC.
                        TABLE 284 NEARSPACE LAUNCH INC.: BUSINESS OVERVIEW
             14.3.6 SPIRE GLOBAL, INC.
                        TABLE 285 SPIRE GLOBAL, INC.: BUSINESS OVERVIEW
             14.3.7 EARTH-I, INC.
                        TABLE 286 EARTH-I: BUSINESS OVERVIEW
             14.3.8 TERRAN ORBITAL
                        TABLE 287 TERRAN ORBITAL: BUSINESS OVERVIEW
             14.3.9 ALBA ORBITAL
                        TABLE 288 ALBA ORBITAL: BUSINESS OVERVIEW
             14.3.10 SATELLOGIC
                        TABLE 289 SATELLOGIC: BUSINESS OVERVIEW

15 APPENDIX (Page No. - 307)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved various activities in estimating the current size of the LEO satellite Market. Exhaustive secondary research was done to collect information on the LEO satellite market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the LEO satellite Market.

Secondary Research

The market ranking of companies was determined using the secondary data made available through paid and unpaid sources and by analyzing the product portfolios of major companies. These companies were rated on the basis of performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred to, for this research study include financial statements of companies offering LEO satellite systems and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the LEO satellite market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information regarding the LEO satellite market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

LEO Satellite Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in the commercial, government and military and dual use End use, at a regional level. Such procurements provide information on the demand aspects of satellite systems and services in each end use. For each end use, all possible application areas where small satellites are integrated or installed were mapped.

Note: An analysis of technological, military funding, year-on-year launches, and operational cost were carried out to arrive at the CAGR and understand the market dynamics of all countries in the report. The market share for all frequency,  satellite type, end user and sub-systems was arrived at based on the current and upcoming launches of LEO satellite products and services in every country from 2018 to 2026.

LEO satellite Market Size: Top-Down Approach:

LEO Satellite Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the size of the LEO satellite market based on Application, End user, Satellite Type, Frequency, Sub-system, and region.
  • To forecast the size of the various segments of the LEO satellite market based on five regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America—along with key countries in each of these regions
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify industry trends, market trends, and technology trends prevailing in the market
  • To analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
  • To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as product launches and developments, contracts, partnerships, agreements, and collaborations adopted by key players in the market
  • To identify the detailed financial positions, product portfolios, and key developments of leading companies in the market
  • To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the LEO satellite Market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the LEO satellite Market
Report Code
AS 8060
Published ON
Mar, 2022
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