LEO Satellite Market

Report Code AS 8060
Published in May, 2024, By MarketsandMarkets™
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LEO Satellite Market by Satellite Type (Small, Medium, Large Satellites, and Cubesats), Application (Communication, Earth Observation & Remote Sensing, Scientific Research, Technology), Subsystem, End Use, Frequency and Region - Global Forecast to 2029

Overview

The LEO satellite market is projected to grow from USD 12.6 billion in 2023 to USD 23.2 Billion by 2029, at a CAGR of 13.0% from 2023 to 2029. Also, the LEO satellite volume is anticipated to grow from 2,970 units in 2024 to 4,363 units by 2029.

Low Earth orbit (LEO) satellites are satellites designed for low Earth orbit and used for commercial, communication, and space research purposes. According to NASA, a low earth orbit is an earth-centered orbit with an altitude of 2,000 km (1,200 miles) or less. For the purposes of the commercial use policy, a low earth orbit is considered the area in Earth orbit near enough to Earth for convenient transportation, communication, observation, and resupply. Unlike satellites in GEO, which must always orbit along Earth’s equator, LEO satellites do not always have to follow a particular path around Earth in the same way – their plane can be tilted. This means there are more available routes for satellites in LEO, which is one of the reasons why LEO is a very commonly used orbit.

LEO satellites are used for earth observation & remote sensing, communication, mapping & navigation, surveillance & security, meteorology, scientific research & exploration, space observation, and various other applications by the defense, civil, commercial, and government verticals.

Attractive Opportunities in the LEO Satellite Market

North America

The US is the largest user of LEO satellites globally, thereby accounting for the largest share of the LEO satellite industry in North America.

The market growth can be attributed to the increasing need for secure satellite communications for military missions.

Technological advancements in small satellite systems, such as laser/optical band communication technologies, are driving the market.

New product launches and contracts are expected to offer lucrative opportunities to market players in the next five years.

The market growth in North America can be attributed to the presence of leading manufacturers of small satellite systems.

Global LEO Satellite Market Dynamics

Driver: Rising demand for satellite internet services

There is a growing demand for low-cost, high-speed broadband with increased data transmission capacity for enterprises (retail, banking, energy, mining) and governments in developed and emerging economies. There is also an uplift in demand for low-cost internet service among individual consumers in rural areas, and less developed countries which may not have or limited access to the Internet. Moreover, the eficient internet service and fast speed are driving development of LEO constellation network.

Moreover, increased adoption of technologies like AI, ML, and cloud computing, increased government incentives, limited rural internet access, and the introduction of connected cars and smart cities further boost the demand for satellite-based internet services.

Restraint: Limited coverage and complexity of low earth orbit satellites

A single LEO satellite’s coverage is less, so many satellites must be used to cover the entire area (LEO constellation), while a single GEO satellite is enough to cover the same area. As LEO satellites are constantly moving relative to the Earth, they tend to spend a lot of time over unpopulated areas and oceans, making them ineffective during that time. GEO satellites stay at a specific spot relative to the Earth, and they are more efficient for a smaller, particular area. LEO satellites are less expensive than GEO satellites, but as LEO satellites must be deployed as a constellation, the cost increases. GEO satellites are easier to build and operate than LEO satellites, as there is no need for a real-time antenna tracking service.

 

Opportunity: Booming 3D printing technology

3D printing has evolved from its early uses in design and prototyping to the production of functioning products. Because 3D printing does not require tooling, unlike traditional manufacturing methods, it can help solve obstacles (such higher tooling costs) associated with traditional manufacturing procedures used for rapid prototyping and small production runs, among other applications. Even if traditional manufacturing might create goods at a lower cost per unit, it would require expensive tooling up front, making low-volume production more costly. By layering components on top of each other, 3D printing technology also contributes to a decrease in waste generated during manufacturing. Another area where 3D printing excels over traditional manufacturing is mass customisation, especially for small batch sizes.

It is still uncertain what parts will be printable using 3D printing and whose production might not be feasible with conventional manufacturing methods. Despite this uncertainty, 3D printing can upgrade supply chain management, which may affect the logistics link between manufacturers and customers for certain types of products or parts. The 3D printing market has also been experiencing advancements in printers and printing technologies, improvement in printing materials, and development in the skill set of the associated workforce.

Challenge: Concerns over increasing space debris

low-Earth orbit (LEO) satellites have the potential to be hazardous to the space environment as they are often launched in densely populated orbits. This is so because low-Earth orbit (LEO) satellites are auxiliary payloads that are launched with more costly and larger spacecraft. They are typically placed next to or alongside other big satellites. These massive satellites are situated in geostationary transfer orbits or sun-synchronous orbits, both of which feature space debris. Microsatellites and nanosatellites are not nimble enough to be able to move around in such orbits. These satellites' native radar signals are usually faint and frequently invisible to space surveillance systems. Moreover, space debris could pose a risk to low-Earth orbit (LEO) satellites, which would increase the quantity of debris from collisions or malfunctions in the systems.

According to Space-Track.org, there are about 14,000 large, medium, and small debris objects floating about in LEO as of May 2023. This is a significant challenge in this field and is under research by various space agencies.

Global LEO Satellite Market Ecosystem Analysis

 

Based on application, the commercial segment registered largest share in 2023

In terms of application, the LEO satellite market is categorized into five segments: communication, earth observation & remote sensing, scientific research, technology, and others.

The demand for LEO (Low Earth Orbit) satellites for communication applications is increasing primarily due to their capability to provide low-latency, high-speed internet connectivity. LEO satellites, orbiting at altitudes between 500 to 2,000 kilometers, significantly reduce the time it takes for data to travel between the Earth and the satellite. This proximity ensures faster signal transmission, making LEO satellites ideal for real-time applications such as video calls, online gaming, and other services that require rapid response times. The reduced latency is a major advantage over geostationary satellites, which are located much higher at about 35,786 kilometers and thus have higher latency.

Furthermore, LEO satellites can provide widespread coverage, including in remote and rural areas where traditional broadband infrastructure is either too costly or physically impractical to deploy. This capability is essential for achieving global internet coverage and bridging the digital divide. The ability to deploy large constellations of small satellites economically, thanks to advances in satellite miniaturization and cheaper launch costs, allows for comprehensive coverage and network resilience. As a result, telecommunications companies, government agencies, and various industries increasingly rely on LEO satellites to meet the growing demand for reliable, ubiquitous communication services. This shift is underpinned by a growing consumer expectation for constant connectivity, irrespective of geographical location.

Based on frequency, Laser/optical segment is projected to grow at highest CAGR during the forecast period

The LEO satellite market is categorized by frequency into nine segments: Ku-band, Ka-band, X-band, C-band, L-band, S-band, laser/optical, HF/VHF/UHF-band, and Q/V-band. Among these the laser/optical segment is projected to grow at highest CAGR during 2024-2029 due to its high data transfer capability. Corporations like SpaceX, Facebook, and Google, as well as a series of start-ups, are currently working on various concepts based on laser communication technology. The most promising commercial applications involve interconnecting satellites or high-altitude platforms to build high-performance optical backbone networks. Other applications include transmitting large amounts of data directly from a satellite, aircraft, or UAV to the ground.

The Asia Pacific region is projected to Grow at highest CAGR during the forecast period

The LEO satellite market in Asia Pacific has been studied for China, India, Japan, South Korea, and Australia. Asia Pacific countries have been extremely focused on developing advanced technologies for laser- and optics-based satellites. Earth observation and scientific data gathered by nanosatellites and microsatellites support the decision-making process related to climate monitoring and agricultural planning, along with providing inputs related to soil protection in terrestrial and maritime areas and carrying out border surveillance. The growing demand for digital TV and direct-to-home (DTH) entertainment services in Asia Pacific leads to an increasing number of LEO satellites being launched for communication in the region.

HIGHEST CAGR MARKET IN 2023
CHINA FASTEST GROWING MARKET IN THE REGION

Recent Developments of LEO Satellite Market

  • In January 2024, L3Harris Technologies, Inc. won a USD 919.0 million worth contract to build 18 infrared space vehicles for the Space Development Agency’s (SDA) (US) Tranche 2 (T2) Tracking Layer program, enhancing missile warning and tracking capabilities. These advanced solutions will aid the US military in countering hypersonic threats. L3Harris’ expertise in space technology and previous work with the SDA further solidifies its position in the defense sector.
  • In October 2023, the Space Development Agency (SDA) (US) awarded Northrop Grumman Corporation a contract worth USD 732.0 million to design and build 38 data transport satellites for the Tranche 2 Transport Layer – Alpha (T2TL-Alpha) of the Proliferated Warfighter Space Architecture (PWSA). These low Earth orbit (LEO) satellites will support military missions, with operations scheduled to start in December 2026.
  • In October 2023, the US Space Force awarded SpaceX a USD 70 million contract for Starlink internet services. The contract, awarded by the Space Systems Command (US), involves a one-year task order starting on September 1. Additionally, the contract specifies undisclosed requirements set by the US Department of Defense (DoD).

Key Market Players

KEY PLAYERS IN THE LEO SATELLITE MARKET INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2020-2029
Forecast units Value (USD)
Segments Covered By Satellite Mass, By Application, By End Use, By Frequency, By Subsystem, and By Region
Geographies covered North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America

Key Questions Addressed by the Report

What is the current size of the LEO satellite market?
The LEO satellite market is projected to grow from USD 12.6 billion in 2023 to USD 23.2 Billion by 2029, at a CAGR of 13.0% from 2023 to 2029.
Who are the winners in the LEO satellite market?
SpaceX (US), Airbus Defence and Space (Germany), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), and L3Harris Technologies, Inc. (US).
What are some of the technological advancements in the market?
  • 3D printed satellites manufacturing
  • Proliferated leo constellations
What are the factors driving the growth of the market?
  • Rising demand for satellite internet services
  • Growing need for earth observation imagery and analytics
  • Expanding satellite networks for internet access in underserved areas
  • Increasing launches of CubeSats
Which region is expected to hold highest market share in the LEO satellite market?
LEO satellite market in the North America region is estimated to hold the largest market share in 2023.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
44
RESEARCH METHODOLOGY
49
EXECUTIVE SUMMARY
62
PREMIUM INSIGHTS
66
MARKET OVERVIEW
70
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising demand for satellite internet services
    - Growing need for earth observation imagery and analytics
    - Expanding satellite networks for internet access in underserved areas
    - Increasing launches of CubeSats
    RESTRAINTS
    - Stringent government policies
    - Limited coverage and complexity of low earth orbit satellites
    OPPORTUNITIES
    - Potential applications of laser beam pointing technology
    - Technological advancements in electric propulsion systems, antennas, and ground stations
    - Higher adoption of software-defined technology
    - Booming 3D printing technology
    CHALLENGES
    - Concerns over increasing space debris
    - Complex supply chain management
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 VALUE CHAIN ANALYSIS
    RESEARCH & DEVELOPMENT
    RAW MATERIALS
    COMPONENT/PRODUCT MANUFACTURERS (OEMS)
    ASSEMBLERS & INTEGRATORS
    POST-SALES SERVICES
  • 5.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE, BY KEY PLAYERS FOR TOP 2 APPLICATIONS
    SATELLITE PRICE DEFLATION TREND
  • 5.6 OPERATIONAL DATA
    GLOBAL LEO SATELLITE LAUNCH VOLUME, BY SATELLITE MASS
  • 5.7 VOLUME DATA
  • 5.8 ECOSYSTEM ANALYSIS
    PROMINENT COMPANIES
    PRIVATE AND SMALL ENTERPRISES
    END USERS
  • 5.9 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.10 TRADE DATA ANALYSIS
    IMPORT VALUE OF SPACECRAFT, INCLUDING SATELLITES AND SUBORBITAL AND SPACECRAFT LAUNCH VEHICLES (PRODUCT HARMONIZED SYSTEM CODE: 880260)
    EXPORT VALUE OF SPACECRAFT, INCLUDING SATELLITES AND SUBORBITAL AND SPACECRAFT LAUNCH VEHICLES (PRODUCT HARMONIZED SYSTEM CODE: 880260)
  • 5.11 KEY CONFERENCES AND EVENTS
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 CASE STUDY ANALYSIS
    SATELLITES FOR IOT AND COMMUNICATIONS
    SPACE-BASED GLOBAL WIRELESS MONITORING SYSTEMS
    MEASURING MAGNETIC AND ELECTRIC FIELDS ON IONOSPHERE
    REAL-TIME DATA FOR EMERGENCY SYSTEMS
    SATELLITE RADIATION HARDNESS TEST
  • 5.14 BUSINESS MODEL
    BUILD TO ORDER
    STANDARDIZED PLATFORMS
    CONSTELLATION MANUFACTURING
  • 5.15 TOTAL COST OF OWNERSHIP
  • 5.16 INVESTMENT AND FUNDING SCENARIO
INDUSTRY TRENDS
100
  • 6.1 INTRODUCTION
  • 6.2 TECHNOLOGY TRENDS
    DEPLOYMENT OF LARGE CONSTELLATIONS OF LEO SATELLITES FOR GLOBAL COMMUNICATION SERVICES
    RISING DEPLOYMENT OF SATELLITES IN LEO ORBIT TO PROVIDE ENHANCED SPACE IMAGERY
    DEVELOPMENT OF DEDICATED LAUNCH VEHICLES FOR LEO SATELLITES
    3D PRINTING OF SATELLITE EQUIPMENT
    ADVANCEMENTS IN ELECTRIC PROPULSION SYSTEMS FOR LEO SATELLITES
    DISTRIBUTED ELECTRIC POWER SYSTEM (EPS) IN SMALL SATELLITE APPLICATIONS
    ENERGY STORAGE
    MINIATURIZATION OF SATELLITES
  • 6.3 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Development of CubeSat constellations to enhance communication
    - Miniaturization in space technology
    COMPLEMENTARY TECHNOLOGIES
    - Hyperspectral and multispectral imaging
  • 6.4 IMPACT OF MEGATRENDS
    HYBRID BEAMFORMING METHODS
    SPACE EXPLORATION AND COMMERCIALIZATION
    COGNITIVE RADIO (SDR-CR) TECHNOLOGY
    SHIFT IN GLOBAL ECONOMIC POWER
  • 6.5 SUPPLY CHAIN ANALYSIS
  • 6.6 PATENT ANALYSIS
  • 6.7 TECHNOLOGY ROADMAP
  • 6.8 BILL OF MATERIALS
LEO SATELLITE MARKET, BY SATELLITE MASS
117
INTRODUCTION
LARGE SATELLITES
- SURGE IN DEMAND FROM GOVERNMENT AGENCIES TO DRIVE MARKET
MEDIUM SATELLITES
- INCREASING LAUNCHES OF MEDIUM SATELLITES FOR EARTH OBSERVATION TO DRIVE MARKET
  • 7.1 SMALL SATELLITES
    MINISATELLITES (101–500 KG)
    - Rising use in earth observation and broadband internet to drive market
    MICROSATELLITES (11–100 KG)
    - Higher adoption for tactical communication in military applications to drive market
    NANOSATELLITES (1–10 KG)
    - Growing scope in commercial applications to drive market
  • 7.2 CUBESATS
    0.25-1U
    - Rising use in imaging, technology demonstration, and amateur radio communication applications to drive market
    2U
    - Growing adoption for testing emerging technologies to drive market
    3U
    - Increasing use in space weather monitoring to drive market
    6U
    - Booming space science missions to drive market
    12U & 16U
    - Growing use in deep space missions to drive market
LEO SATELLITE MARKET, BY SUBSYSTEM
125
  • 8.1 INTRODUCTION
  • 8.2 SATELLITE BUSES
    ATTITUDE & ORBITAL CONTROL SYSTEMS
    - Need for stable payloads to drive market
    COMMAND & DATA HANDLING (C&DH) SYSTEMS
    - Growing utilization for controlling space operations to drive market
    ELECTRICAL POWER SYSTEMS
    - Need for efficient battery power management to drive market
    PROPULSION
    - Chemical propulsion
    - Electric propulsion
    - Hybrid propulsion
    TELEMETRY, TRACKING, & COMMAND (TT&C)
    - Need for effective communication between satellites and ground stations to drive market
    STRUCTURES
    - Rising focus on proper placement of satellite systems to drive market
    THERMAL SYSTEMS
    - Surge in demand for miniaturized thermal management systems to drive market
  • 8.3 PAYLOADS
    TRADITIONAL PAYLOADS
    - Optical and infrared
    - Hyperspectral and multispectral imagers
    - Radar payloads
    - Communication payloads/transponders
    - Others
    SOFTWARE-DEFINED PAYLOADS
    - Increasing use of software-defined technology for flexible space missions to drive market
  • 8.4 SOLAR PANELS
    GROWING USE OF SOLAR PHOTOVOLTAIC PANELS TO SUPPLY POWER IN SPACE TO DRIVE MARKET
  • 8.5 SATELLITE ANTENNAS
    WIRE ANTENNAS
    - Monopole
    - Dipole
    HORN ANTENNAS
    - Increasing use for wide frequency range to drive market
    ARRAY ANTENNAS
    - Higher adoption of active electronically scanned array antennas to drive market
    REFLECTOR ANTENNAS
    - Parabolic reflectors
    - Double reflectors
  • 8.6 OTHERS
LEO SATELLITE MARKET, BY APPLICATION
140
  • 9.1 INTRODUCTION
  • 9.2 COMMUNICATION
    TECHNOLOGICAL ADVANCEMENTS IN MINIATURE COMMUNICATION SYSTEMS TO DRIVE MARKET
  • 9.3 EARTH OBSERVATION & REMOTE SENSING
    GROWING LEO SATELLITE LAUNCHES TO IMPROVE EARTH OBSERVATION AND REMOTE SENSING CAPABILITIES TO DRIVE MARKET
  • 9.4 SCIENTIFIC RESEARCH
    MINIATURIZATION OF SUBCOMPONENTS AND PAYLOADS TO DRIVE MARKET
  • 9.5 TECHNOLOGY
    INCREASED INVESTMENTS TO DEVELOP BETTER NAVIGATION AND TRACKING TECHNOLOGIES TO DRIVE MARKET
  • 9.6 OTHERS
LEO SATELLITE MARKET, BY END USE
146
  • 10.1 INTRODUCTION
  • 10.2 COMMERCIAL
    SATELLITE OPERATORS/OWNERS
    MEDIA & ENTERTAINMENT
    ENERGY INDUSTRY
    SCIENTIFIC RESEARCH & DEVELOPMENT
    OTHERS
  • 10.3 GOVERNMENT & MILITARY
    DEPARTMENTS OF DEFENSE & INTELLIGENCE AGENCIES
    - Increasing demand for real-time data and imaging to drive market
    NATIONAL SPACE AGENCIES
    - Weather monitoring applications to drive market
    SEARCH & RESCUE ENTITIES
    - Growing adoption of satellite-aided rescue & research to drive market
    ACADEMIC & RESEARCH INSTITUTIONS
    - Rising support from governments to train students in LEO satellite development to drive market
    NATIONAL MAPPING & TOPOGRAPHIC AGENCIES
    - Booming investments in LEO satellites to improve GPS-based navigation to drive market
  • 10.4 DUAL USE
    SURGE IN SATELLITE LAUNCHES BETTER CONNECTIVITY AND PROVISION OF HIGH-SPEED DATA TO DRIVE MARKET
LEO SATELLITE MARKET, BY FREQUENCY
154
  • 11.1 INTRODUCTION
  • 11.2 L-BAND
    INCREASING USE OF LEO SATELLITES FOR DATA COMMUNICATIONS AND TRAFFIC MANAGEMENT TO DRIVE MARKET
  • 11.3 S-BAND
    GROWING INTEGRATION IN LEO SATELLITES DUE TO COMPACT DESIGN TO DRIVE MARKET
  • 11.4 C-BAND
    RISING DEVELOPMENT FOR NAVIGATION PURPOSES TO DRIVE MARKET
  • 11.5 X-BAND
    ABILITY TO PROVIDE HIGH-THROUGHPUT COMMUNICATION FROM SPACECRAFT TO GROUND STATIONS TO DRIVE MARKET
  • 11.6 KU-BAND
    NEED FOR WIDER RANGE OF DATA COMMUNICATION TO DRIVE DEMAND
  • 11.7 KA-BAND
    INCREASING USE FOR HIGH-BANDWIDTH COMMUNICATION TO DRIVE MARKET
  • 11.8 Q/V-BAND
    RISING ADOPTION TO REDUCE SIGNAL FADING AT HIGH-FREQUENCY BANDS TO DRIVE MARKET
  • 11.9 HF/VHF/UHF-BAND
    GROWING USE IN DIGITAL AUDIO AND TELEVISION BROADCASTING TO DRIVE MARKET
  • 11.10 LASER/OPTICAL
    HIGH DATA TRANSFER CAPABILITY TO DRIVE MARKET
LEO SATELLITE MARKET, BY REGION
160
  • 12.1 INTRODUCTION
  • 12.2 REGIONAL RECESSION IMPACT ANALYSIS
  • 12.3 NORTH AMERICA
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    US
    - Increasing use of LEO satellites in agriculture to drive market
    CANADA
    - Rising investments for satellite manufacturing facilities to drive market
  • 12.4 EUROPE
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    UK
    - Rising innovations in satellite technologies to drive market
    GERMANY
    - Increasing demand for CubeSats to drive market
    RUSSIA
    - Growing reliance on self-developed space systems to drive market
    FINLAND
    - Increasing partnerships among local companies to drive market
    ITALY
    - Growing demand for cost-effective space operations drive market
    REST OF EUROPE
  • 12.5 ASIA PACIFIC
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    CHINA
    - Increasing focus on self-made space technology to drive market
    INDIA
    - Upcoming space programs to drive market
    JAPAN
    - Growing involvement of private space companies in government space programs to drive market
    SOUTH KOREA
    - Surge in government funding to drive market
    AUSTRALIA
    - Growing encouragement to satellite manufacturers to drive market
    REST OF ASIA PACIFIC
  • 12.6 MIDDLE EAST & AFRICA
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    GCC
    - Booming government initiatives and economic diversification to drive market
    - Saudi Arabia
    - UAE
    ISRAEL
    - Increased private investments in space technology to drive market
    REST OF MIDDLE EAST & AFRICA
  • 12.7 LATIN AMERICA
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    MEXICO
    - Increasing CubeSat launch initiatives by universities to drive market
    ARGENTINA
    - Rising need for enhanced space situational awareness to drive market
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
232
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYER STRATEGIES
  • 13.3 MARKET SHARE ANALYSIS
    MARKET RANKING ANALYSIS
  • 13.4 REVENUE ANALYSIS
  • 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 13.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.8 BRAND COMPARISON
  • 13.9 COMPETITIVE SCENARIOS AND TRENDS
    MARKET EVALUATION FRAMEWORK
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
277
  • 14.1 INTRODUCTION
  • 14.2 KEY PLAYERS
    SPACEX
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    LOCKHEED MARTIN CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    AIRBUS DEFENCE AND SPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    NORTHROP GRUMMAN CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    L3HARRIS TECHNOLOGIES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    THALES ALENIA SPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ONEWEB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SURREY SATELLITE TECHNOLOGY LTD. (SSTL)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    PLANET LABS PBC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SIERRA NEVADA CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MAXAR TECHNOLOGIES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GOMSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EXOLAUNCH GMBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION (CASC)
    - Business overview
    - Products/Solutions/Services offered
    BAE SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RTX CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    OHB SE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    THE AEROSPACE CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MILLENNIUM SPACE SYSTEMS, INC.
    - Business overview
    - Products/Solutions/Services offered
    KUIPER SYSTEMS LLC
    - Business overview
    - Products/Solutions/Services offered
  • 14.3 OTHER PLAYERS
    MDA
    AAC CLYDE SPACE
    ASELSAN A.S.
    PUMPKIN INC.
    ALBA ORBITAL LIMITED
    ENDUROSAT
    EARTH-I LTD.
    NANOAVIONICS
    ALÉN SPACE
    NEARSPACE LAUNCH, INC.
APPENDIX
376
  • 15.1 DISCUSSION GUIDE
  • 15.2 PROGRAMS RELATED TO LEO SATELLITE
  • 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.4 CUSTOMIZATION OPTIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES
  • TABLE 2 INCLUSIONS AND EXCLUSIONS
  • TABLE 3 LEO SATELLITE CONSTELLATIONS, BY KEY OWNERS
  • TABLE 4 SATELLITE VS. TERRESTRIAL CONNECTIVITY
  • TABLE 5 AVERAGE SELLING PRICE OF LEO SATELLITES, BY KEY PLAYERS FOR TOP 2 APPLICATIONS (USD MILLION)
  • TABLE 6 AVERAGE SELLING PRICE OF LEO SATELLITES, BY SATELLITE MASS (USD MILLION)
  • TABLE 7 GLOBAL LEO SATELLITE LAUNCH VOLUME, BY SATELLITE MASS, 2020–2023 (UNITS)
  • TABLE 8 VOLUME DATA OF LEO SATELLITES, BY REGION, 2020–2023 (UNITS)
  • TABLE 9 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 IMPORT DATA, BY COUNTRY, 2018–2022 (USD THOUSAND)
  • TABLE 16 EXPORT DATA, BY COUNTRY, 2018–2022 (USD THOUSAND)
  • TABLE 17 KEY CONFERENCES AND EVENTS, 2024
  • TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR LEO SATELLITES, BY END USE (%)
  • TABLE 19 KEY BUYING CRITERIA FOR LEO SATELLITES, BY APPLICATION
  • TABLE 20 SUSTAINABLE BUSINESS MODELS
  • TABLE 21 TOTAL COST OF OWNERSHIP FOR SATELLITES
  • TABLE 22 STATE-OF-THE-ART LEO SATELLITE/CUBESAT TECHNOLOGIES
  • TABLE 23 DIFFERENCE BETWEEN DISTRIBUTED AND CENTRALIZED EPS ARCHITECTURE
  • TABLE 24 BATTERY TECHNOLOGIES
  • TABLE 25 INNOVATIONS AND PATENT REGISTRATIONS, 2020–2023
  • TABLE 26 BILL OF MATERIALS FOR LEO SATELLITES
  • TABLE 27 LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 28 LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 29 SMALL SATELLITES: LEO SATELLITE MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 30 SMALL SATELLITES: LEO SATELLITE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 31 LEO SATELLITE MARKET, BY SUBSYSTEM, 2020–2023 (USD MILLION)
  • TABLE 32 LEO SATELLITE MARKET, BY SUBSYSTEM, 2024–2029 (USD MILLION)
  • TABLE 33 SATELLITE BUSES: LEO SATELLITE MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 34 SATELLITE BUSES: LEO SATELLITE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 35 PROPULSION: LEO SATELLITE MARKET FOR SATELLITE BUSES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 36 PROPULSION: LEO SATELLITE MARKET FOR SATELLITE BUSES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 37 PAYLOADS: LEO SATELLITE MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 38 PAYLOADS: LEO SATELLITE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 39 TRADITIONAL PAYLOADS: LEO SATELLITE MARKET FOR PAYLOADS, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 40 TRADITIONAL PAYLOADS: LEO SATELLITE MARKET FOR PAYLOADS, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 41 LEO SATELLITE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 42 LEO SATELLITE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 43 LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 44 LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 45 COMMERCIAL: LEO SATELLITE MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 46 COMMERCIAL: LEO SATELLITE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 47 GOVERNMENT & MILITARY: LEO SATELLITE MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 48 GOVERNMENT & MILITARY: LEO SATELLITE MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 49 LEO SATELLITE MARKET, BY FREQUENCY, 2020–2023 (USD MILLION)
  • TABLE 50 LEO SATELLITE MARKET, BY FREQUENCY, 2024–2029 (USD MILLION)
  • TABLE 51 LEO SATELLITE MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 52 LEO SATELLITE MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 NORTH AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 54 NORTH AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 55 NORTH AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 56 NORTH AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 57 NORTH AMERICA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 58 NORTH AMERICA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 59 NORTH AMERICA: LEO SATELLITE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 60 NORTH AMERICA: LEO SATELLITE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 61 US: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 62 US: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 63 US: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 64 US: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 65 US: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 66 US: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 67 CANADA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 68 CANADA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 69 CANADA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 70 CANADA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 71 CANADA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 72 CANADA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 73 EUROPE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 74 EUROPE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 75 EUROPE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 76 EUROPE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 77 EUROPE: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 78 EUROPE: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: LEO SATELLITE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE: LEO SATELLITE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 81 UK: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 82 UK: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 83 UK: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 84 UK: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 85 UK: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 86 UK: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 87 GERMANY: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 88 GERMANY: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 89 GERMANY: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 90 GERMANY: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 91 GERMANY: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 92 GERMANY: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 93 RUSSIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 94 RUSSIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 95 RUSSIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 96 RUSSIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 97 RUSSIA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 98 RUSSIA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 99 FINLAND: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 100 FINLAND: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 101 FINLAND: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 102 FINLAND: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 103 FINLAND: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 104 FINLAND: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 105 ITALY: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 106 ITALY: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 107 ITALY: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 108 ITALY: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 109 ITALY: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 110 ITALY: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 111 REST OF EUROPE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 112 REST OF EUROPE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 113 REST OF EUROPE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 114 REST OF EUROPE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 115 REST OF EUROPE: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 116 REST OF EUROPE: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 117 ASIA PACIFIC: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 118 ASIA PACIFIC: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 119 ASIA PACIFIC: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 120 ASIA PACIFIC: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 121 ASIA PACIFIC: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 122 ASIA PACIFIC: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: LEO SATELLITE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 124 ASIA PACIFIC: LEO SATELLITE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 125 CHINA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 126 CHINA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 127 CHINA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 128 CHINA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 129 CHINA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 130 CHINA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 131 INDIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 132 INDIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 133 INDIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 134 INDIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 135 INDIA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 136 INDIA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 137 JAPAN: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 138 JAPAN: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 139 JAPAN: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 140 JAPAN: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 141 JAPAN: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 142 JAPAN: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 143 SOUTH KOREA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 144 SOUTH KOREA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 145 SOUTH KOREA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 146 SOUTH KOREA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 147 SOUTH KOREA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 148 SOUTH KOREA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 149 AUSTRALIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 150 AUSTRALIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 151 AUSTRALIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 152 AUSTRALIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 153 AUSTRALIA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 154 AUSTRALIA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 155 REST OF ASIA PACIFIC: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 156 REST OF ASIA PACIFIC: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 157 REST OF ASIA PACIFIC: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 158 REST OF ASIA PACIFIC: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 159 REST OF ASIA PACIFIC: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 160 REST OF ASIA PACIFIC: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 161 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 162 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 163 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 164 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 165 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 166 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 167 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 168 MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 169 SAUDI ARABIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 170 SAUDI ARABIA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 171 SAUDI ARABIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 172 SAUDI ARABIA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 173 SAUDI ARABIA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 174 SAUDI ARABIA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 175 UAE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 176 UAE: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 177 UAE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 178 UAE: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 179 UAE: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 180 UAE: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 181 ISRAEL: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 182 ISRAEL: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 183 ISRAEL: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 184 ISRAEL: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 185 ISRAEL: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 186 ISRAEL: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 187 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 188 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 189 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 190 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 191 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 192 REST OF MIDDLE EAST & AFRICA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 193 LATIN AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 194 LATIN AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 195 LATIN AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 196 LATIN AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 197 LATIN AMERICA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 198 LATIN AMERICA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 199 LATIN AMERICA: LEO SATELLITE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 200 LATIN AMERICA: LEO SATELLITE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 201 MEXICO: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 202 MEXICO: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 203 MEXICO: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 204 MEXICO: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 205 MEXICO: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 206 MEXICO: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 207 ARGENTINA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 208 ARGENTINA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 209 ARGENTINA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 210 ARGENTINA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 211 ARGENTINA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 212 ARGENTINA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 213 REST OF LATIN AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)
  • TABLE 214 REST OF LATIN AMERICA: LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • TABLE 215 REST OF LATIN AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 216 REST OF LATIN AMERICA: LEO SATELLITE MARKET FOR SMALL SATELLITES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 217 REST OF LATIN AMERICA: LEO SATELLITE MARKET, BY END USE, 2020–2023 (USD MILLION)
  • TABLE 218 REST OF LATIN AMERICA: LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • TABLE 219 KEY PLAYER STRATEGIES
  • TABLE 220 LEO SATELLITE MARKET: DEGREE OF COMPETITION
  • TABLE 221 LEO SATELLITE MARKET: REGION FOOTPRINT
  • TABLE 222 LEO SATELLITE MARKET: SATELLITE MASS FOOTPRINT
  • TABLE 223 LEO SATELLITE MARKET: APPLICATION FOOTPRINT
  • TABLE 224 LEO SATELLITE MARKET: LIST OF STARTUPS/SMES
  • TABLE 225 LEO SATELLITE MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • TABLE 226 LEO SATELLITE MARKET: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2024
  • TABLE 227 LEO SATELLITE MARKET: DEALS, JANUARY 2020–MARCH 2024
  • TABLE 228 LEO SATELLITE MARKET: OTHER DEVELOPMENTS, JANUARY 2020–MARCH 2024
  • TABLE 229 SPACEX: COMPANY OVERVIEW
  • TABLE 230 SPACEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 231 SPACEX: DEALS
  • TABLE 232 SPACEX: OTHER DEVELOPMENTS
  • TABLE 233 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
  • TABLE 234 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 235 LOCKHEED MARTIN CORPORATION: OTHER DEVELOPMENTS
  • TABLE 236 AIRBUS DEFENCE AND SPACE: COMPANY OVERVIEW
  • TABLE 237 AIRBUS DEFENCE AND SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 238 AIRBUS DEFENCE AND SPACE: DEALS
  • TABLE 239 AIRBUS DEFENCE AND SPACE: OTHER DEVELOPMENTS
  • TABLE 240 NORTHROP GRUMMAN CORPORATION: COMPANY OVERVIEW
  • TABLE 241 NORTHROP GRUMMAN CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 242 NORTHROP GRUMMAN CORPORATION: DEALS
  • TABLE 243 NORTHROP GRUMMAN CORPORATION: OTHER DEVELOPMENTS
  • TABLE 244 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 245 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 246 L3HARRIS TECHNOLOGIES, INC.: DEALS
  • TABLE 247 L3HARRIS TECHNOLOGIES, INC.: OTHER DEVELOPMENTS
  • TABLE 248 THALES ALENIA SPACE: COMPANY OVERVIEW
  • TABLE 249 THALES ALENIA SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 250 THALES ALENIA SPACE: DEALS
  • TABLE 251 THALES ALENIA SPACE: EXPANSIONS
  • TABLE 252 THALES ALENIA SPACE: OTHER DEVELOPMENTS
  • TABLE 253 ONEWEB: COMPANY OVERVIEW
  • TABLE 254 ONEWEB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 255 ONEWEB: DEALS
  • TABLE 256 SURREY SATELLITE TECHNOLOGY LTD. (SSTL): COMPANY OVERVIEW
  • TABLE 257 SURREY SATELLITE TECHNOLOGY LTD. (SSTL): PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 258 SURREY SATELLITE TECHNOLOGY LTD. (SSTL): DEALS
  • TABLE 259 SURREY SATELLITE TECHNOLOGY LTD. (SSTL): OTHER DEVELOPMENTS
  • TABLE 260 PLANET LABS PBC: COMPANY OVERVIEW
  • TABLE 261 PLANET LABS PBC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 262 PLANET LABS PBC: PRODUCT LAUNCHES
  • TABLE 263 PLANET LABS PBC: DEALS
  • TABLE 264 PLANET LABS PBC: OTHER DEVELOPMENTS
  • TABLE 265 SIERRA NEVADA CORPORATION: COMPANY OVERVIEW
  • TABLE 266 SIERRA NEVADA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 267 SIERRA NEVADA CORPORATION: OTHER DEVELOPMENTS
  • TABLE 268 MAXAR TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 269 MAXAR TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 270 MAXAR TECHNOLOGIES: OTHER DEVELOPMENTS
  • TABLE 271 GOMSPACE: COMPANY OVERVIEW
  • TABLE 272 GOMSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 273 GOMSPACE: DEALS
  • TABLE 274 GOMSPACE: OTHER DEVELOPMENTS
  • TABLE 275 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 276 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 277 MITSUBISHI ELECTRIC CORPORATION: EXPANSIONS
  • TABLE 278 EXOLAUNCH GMBH: COMPANY OVERVIEW
  • TABLE 279 EXOLAUNCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 280 EXOLAUNCH GMBH: PRODUCT LAUNCHES
  • TABLE 281 EXOLAUNCH GMBH: DEALS
  • TABLE 282 EXOLAUNCH GMBH: OTHER DEVELOPMENTS
  • TABLE 283 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION (CASC): COMPANY OVERVIEW
  • TABLE 284 CHINA AEROSPACE SCIENCE AND TECHNOLOGY CORPORATION (CASC): PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 285 BAE SYSTEMS: COMPANY OVERVIEW
  • TABLE 286 BAE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 287 BAE SYSTEMS: DEALS
  • TABLE 288 RTX CORPORATION: COMPANY OVERVIEW
  • TABLE 289 RTX CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 290 RTX CORPORATION: DEALS
  • TABLE 291 RTX CORPORATION: OTHER DEVELOPMENTS
  • TABLE 292 OHB SE: COMPANY OVERVIEW
  • TABLE 293 OHB SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 294 OHB SE: DEALS
  • TABLE 295 OHB SE: OTHER DEVELOPMENTS
  • TABLE 296 THE AEROSPACE CORPORATION: COMPANY OVERVIEW
  • TABLE 297 THE AEROSPACE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 298 THE AEROSPACE CORPORATION: OTHER DEVELOPMENTS
  • TABLE 299 MILLENNIUM SPACE SYSTEMS, INC.: COMPANY OVERVIEW
  • TABLE 300 MILLENNIUM SPACE SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 301 KUIPER SYSTEMS LLC: COMPANY OVERVIEW
  • TABLE 302 KUIPER SYSTEMS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 303 MDA: COMPANY OVERVIEW
  • TABLE 304 AAC CLYDE SPACE: COMPANY OVERVIEW
  • TABLE 305 ASELSAN A.S.: COMPANY OVERVIEW
  • TABLE 306 PUMPKIN INC.: COMPANY OVERVIEW
  • TABLE 307 ALBA ORBITAL LIMITED: COMPANY OVERVIEW
  • TABLE 308 ENDUROSAT: COMPANY OVERVIEW
  • TABLE 309 EARTH-I LTD.: COMPANY OVERVIEW
  • TABLE 310 NANOAVIONICS: COMPANY OVERVIEW
  • TABLE 311 ALÉN SPACE: COMPANY OVERVIEW
  • TABLE 312 NEARSPACE LAUNCH, INC.: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 LEO SATELLITE MARKET SEGMENTATION
  • FIGURE 2 RESEARCH PROCESS FLOW
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 SMALL SATELLITES SEGMENT TO LEAD MARKET FROM 2024 TO 2029
  • FIGURE 9 SATELLITE BUSES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 10 KU-BAND SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 11 DUAL USE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 12 COMMUNICATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 14 INCREASING USE OF LEO SATELLITES FOR TRACKING, MONITORING, AND SURVEILLANCE TO DRIVE MARKET
  • FIGURE 15 COMMUNICATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 16 SMALL SATELLITES SEGMENT TO HAVE LARGEST MARKET SHARE IN 2024
  • FIGURE 17 SATELLITE BUSES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
  • FIGURE 18 KU-BAND TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
  • FIGURE 19 COMMERCIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 20 MIDDLE EAST & AFRICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 21 LEO SATELLITE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 23 VALUE CHAIN ANALYSIS
  • FIGURE 24 AVERAGE SELLING PRICE, BY KEY PLAYERS FOR TOP 2 APPLICATIONS
  • FIGURE 25 SATELLITE PRICE DEFLATION TREND, 2020–2029
  • FIGURE 26 ECOSYSTEM MAPPING
  • FIGURE 27 KEY PLAYERS IN LEO SATELLITE MARKET ECOSYSTEM
  • FIGURE 28 IMPORT DATA, BY COUNTRY, 2018–2022 (USD THOUSAND)
  • FIGURE 29 EXPORT DATA, BY COUNTRY, 2018–2022 (USD THOUSAND)
  • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR LEO SATELLITES, BY END USE
  • FIGURE 31 KEY BUYING CRITERIA FOR LEO SATELLITES, BY APPLICATION
  • FIGURE 32 BUSINESS MODEL OF KEY PLAYERS IN SATELLITE MANUFACTURING
  • FIGURE 33 INVESTMENT SCENARIO, 2022
  • FIGURE 34 FUNDING SCENARIO, 2017–2022
  • FIGURE 35 VENTURE CAPITAL FUNDING FOR TOP 10 COMPANIES, 2022
  • FIGURE 36 EQUITY INVESTMENT IN SATELLITES, BY INVESTOR TYPE, 2023
  • FIGURE 37 LEO SATELLITE MARKET: TECHNOLOGY TRENDS
  • FIGURE 38 SUPPLY CHAIN ANALYSIS
  • FIGURE 39 PATENT ANALYSIS, 2013–2023
  • FIGURE 40 TECHNOLOGY ROADMAP, 2000–2030
  • FIGURE 41 EVOLUTION OF TECHNOLOGY TRENDS
  • FIGURE 42 TECHNOLOGY TRENDS
  • FIGURE 43 BILL OF MATERIALS FOR LEO SATELLITES
  • FIGURE 44 LEO SATELLITE MARKET, BY SATELLITE MASS, 2024–2029 (USD MILLION)
  • FIGURE 46 LEO SATELLITE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • FIGURE 47 LEO SATELLITE MARKET, BY END USE, 2024–2029 (USD MILLION)
  • FIGURE 48 LEO SATELLITE MARKET, BY FREQUENCY, 2024–2029 (USD MILLION)
  • FIGURE 49 LEO SATELLITE MARKET, BY REGION, 2024–2029 (USD MILLION)
  • FIGURE 50 NORTH AMERICA: LEO SATELLITE MARKET SNAPSHOT
  • FIGURE 51 EUROPE: LEO SATELLITE MARKET SNAPSHOT
  • FIGURE 52 ASIA PACIFIC: LEO SATELLITE MARKET SNAPSHOT
  • FIGURE 53 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 54 MARKET RANKING ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 55 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2023
  • FIGURE 56 LEO SATELLITE MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 57 LEO SATELLITE MARKET: COMPANY FOOTPRINT
  • FIGURE 58 LEO SATELLITE MARKET: STARTUP/SME EVALUATION MATRIX, 2023
  • FIGURE 59 FINANCIAL METRICS OF KEY PLAYERS, 2023
  • FIGURE 60 COMPANY VALUATION OF KEY PLAYERS, 2023
  • FIGURE 61 BRAND COMPARISON OF LEO SATELLITE MANUFACTURERS
  • FIGURE 62 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
  • FIGURE 63 AIRBUS DEFENCE AND SPACE: COMPANY SNAPSHOT
  • FIGURE 64 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 66 PLANET LABS PBC: COMPANY SNAPSHOT
  • FIGURE 67 MAXAR TECHNOLOGIES: COMPANY SNAPSHOT
  • FIGURE 68 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 69 BAE SYSTEMS: COMPANY SNAPSHOT
  • FIGURE 70 RTX CORPORATION: COMPANY SNAPSHOT
  • FIGURE 71 OHB SE: COMPANY SNAPSHOT

This research study on the LEO satellite market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. The primary sources considered included industry experts as well as service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the LEO satellite market as well as assess its growth prospects.

Secondary Research

The secondary sources referred for this research study on the LEO satellite market included financial statements of companies offering delivery drone software, drone transportation and logistics services, and transportation and logistics solution providers, along with various trade, business, and professional associations, among others. 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

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as chief X officers (CXOs), vice presidents (VPs), directors, regional managers, and business development and product development teams, distributors, and vendors.

Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to platforms, solutions, technologies, and regions. Stakeholders from the demand side include telecommunication companies, government and defense agencies, broadcasting services, and others who are willing to adopt LEO satellites. These interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. These interviews also helped analyze the market by satellite mass, application, end use, subsystem, and frequency segments of the market for five key regions.

Company revenue over USD 1 billion

Company revenue between USD 100 million and USD 1 billion

Company revenue less than USD 100 million

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

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the total size of the LEO satellite market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Data Triangulation

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

Market Definition

Low earth orbit (LEO) satellites are satellites designed for low earth orbit and used for commercial, communication, and space research purposes. According to NASA, a low earth orbit is an earth-centered orbit with an altitude of 2,000 km (1,200 miles) or less. For the purposes of the commercial use policy, a low earth orbit is considered the area in earth orbit near enough to earth for convenient transportation, communication, observation, and resupply. Unlike satellites in GEO, which must always orbit along earth’s equator, LEO satellites do not always have to follow a particular path around earth in the same way – their plane can be tilted. This means there are more available routes for satellites in LEO, which is one of the reasons why LEO is a very commonly used orbit.

LEO satellites are used for earth observation & remote sensing, communication, mapping & navigation, surveillance & security, meteorology, scientific research & exploration, space observation, and various other applications by the defense, civil, commercial, and government verticals.

Stakeholders

  • Satellite component manufacturers
  • Satellite manufacturers
  • Satellite integrators
  • Launch service providers
  • Government and civil organizations related to the market
  • Small satellite companies
  • Payload suppliers
  • Scientific institutions
  • Meteorological organizations
  • Component suppliers
  • Technologists
  • R&D staff

Report Objectives

  • To define, describe, segment, and forecast the LEO satellite market based on satellite mass, subsystem, end use, application, frequency, and region
  • To forecast the market size of each segment of the market with respect to four major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, along with major countries in each of these regions
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe.
  • To identify industry trends, market trends, and technology trends that are currently prevailing in the market.
  • To provide an overview of the tariff and regulatory landscape in the market across various regions
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders by identifying key market trends
  • To profile key market players and comprehensively analyze their market shares and core competencies2.
  • To analyze the degree of competition in the market by identifying key growth strategies, such as acquisitions, new installations & upgrades, investments, contracts, and partnerships, adopted by leading market players.
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of key players
  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

LEO Satellite Market by Satellite Type (Small, Medium, Large Satellites, and Cubesats), Application (Communication, Earth Observation & Remote Sensing, Scientific Research, Technology), Subsystem, End Use, Frequency and Region - Global Forecast to 2029

Report Code AS 8060
Published in Mar, 2022, By MarketsandMarkets™

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Growth opportunities and latent adjacency in LEO Satellite Market

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