Low Earth Orbit (LEO) Satellites Global Market Report 2022 : Featuring Northrop Grumman, Kepler Communications, SpaceX, Boeing & More – ResearchAndMarkets.com | Wbactive

DUBLIN–(BUSINESS WIRE)–Added Low Earth Orbit (LEO) Satellites Global Market Report 2022, By Type, Sub-System, Application, End-User report ResearchAndMarkets.com Offer.

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

North America was the largest region in the Low Earth Orbit Satellite Market in 2021. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing adoption of low earth orbit satellites in various sectors is expected to boost the growth of the low earth orbit (LEO) satellites market over the forecast period. Satellites in low-Earth orbit play an important role in earth observation for agriculture satellites and are one of the most important factors in the protection, security and longevity of the planet. Earth observation is a method of observing and measuring biological, chemical and physical factors on a global scale using data from satellites in low Earth orbit.

According to the United Nations, the world population is projected to reach 9.7 billion by 2050, leading to a 69% increase in total agricultural production between 2010 and 2050. For example, in November 2020, the Indian Space Research Organization (ISRO) announced the launch of an Earth observation satellite for agriculture, forestry, civil protection. Companies like Planet and Satellogic are developing smart farming solutions by bringing small and nanosatellites to market. Therefore, increasing adoption of low earth orbit satellites in agriculture will promote the growth of low earth orbit satellite market.

The launch of advanced satellites in low earth orbit is gaining popularity in the low earth satellite market. Major players operating in the low earth satellite sector are focused on satellite launches to provide global connectivity. For example, in April 2021, OneWeb, a UK-based low-Earth orbit satellite communications operator, launched 32 LEO satellites from the Vostochny Cosmodrome in Russia. With the recent launch, OneWeb now has a total of 182 satellites in orbit. These would be part of OneWeb’s 648 LEO satellite constellation, which will provide high-speed, low-latency connectivity worldwide.

scope

Covered Markets:

1) By Type: Femto; pico; nano; Micro; Mini

2) By subsystem: payload; Structure; Telecommunications; on-board computer; power supply system; attitude control; drive system

3) By application: technology development; earth observation and remote sensing; Communication; space exploration; monitoring

4) By End User: Commercial; Civil; Government; Other

Main topics covered:

1. Summary

2. Market Characteristics of Low Earth Orbit (LEO) Satellites

3. Low Earth Orbit (LEO) Satellites Market Trends and Strategies

4. Impact of COVID-19 on Low Earth Orbit (LEO) Satellites

5. Low Earth Orbit (LEO) Satellites Market Size and Growth.

6. Low Earth Orbit (LEO) Satellite Market Segmentation

7. Low Earth Orbit (LEO) Satellites Market Region and Country Analysis

8. Asia-Pacific Low Earth Orbit (LEO) Satellites Market

9. China Low Earth Orbit (LEO) Satellite Market

10. India Low Earth Orbit (LEO) Satellite Market

11. Japan Low Earth Orbit (LEO) Satellite Market

12. Australia Low Earth Orbit (LEO) satellite market

13. Low Earth Orbit (LEO) satellite market in Indonesia

14. Low Earth Orbit (LEO) satellite market in South Korea

15. Low Earth Orbit (LEO) satellite market in Western Europe

16. UK Low Earth Orbit (LEO) satellite market

17. Germany Low Earth Orbit (LEO) satellite market

18. Low Earth Orbit (LEO) satellite market in France

19. Low Earth Orbit (LEO) satellite market in Eastern Europe

20. Russia Low Earth Orbit (LEO) satellite market

21. North America market for Low Earth Orbit (LEO) satellites

22. USA Low Earth Orbit (LEO) satellite market

23. Low Earth Orbit (LEO) Satellite Market in South America

24. Brazil Low Earth Orbit (LEO) satellite market

25. Middle East Low Earth Orbit (LEO) satellite market

26. Africa Low Earth Orbit (LEO) satellite market

27. Low Earth Orbit (LEO) Satellites Market Competitive Landscape and Company Profiles

28. Major mergers and acquisitions in the Low Earth Orbit (LEO) satellite market

29. Future outlook and potential analysis for Low Earth Orbit (LEO) satellite market

30. Appendix

companies mentioned

  • Northrop Grumman

  • Kepler communication

  • SpaceX

  • Boeing

  • Lockheed Martin

  • Thales Alenia room

  • Airbus Defense and Space

  • SSL

  • global star

  • BAE system

For more information about this report, visit https://www.researchandmarkets.com/r/4gf7yn

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