LEO satellite is a piece of electronic equipment, which circles around the earth at lower altitudes than geosynchronous satellites. They are widely used for military reconnaissance, communications, spying, and other imaging applications. Substantial developments in communication & navigation applications such as flexible payloads, Radio Frequency (RF) systems, and innovative regenerative payloads are contributing to the growth of the market.
MARKET DYNAMICS
The technological advancements in the aerospace and defense sector are driving the growth of the LEO satellite market. However, the high cost may restrain the growth of the LEO satellite market. Furthermore, the increase in government investment is anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global LEO Satellite Market Analysis to 2028" is a specialized and in-depth study of the LEO satellite market with a special focus on the global market trend analysis. The report aims to provide an overview of LEO satellite market with detailed market segmentation by payload, application, end user, and geography. The global LEO satellite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LEO satellite market players and offers key trends and opportunities in the LEO satellite market.
MARKET SEGMENTATION
The global LEO satellite market is segmented on the basis of payload, application, and end user. On the basis of payload, the market is segmented up to 500 kg, 500 to 1000 kg, 1001 to 5000 kg, 5001 to 10000 kg, and above 10000. On the basis of application, the market is segmented as Earth observation, communication, surveillance, and others. On the basis of end user, the market is segmented as commercial and military.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LEO satellite market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LEO satellite market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting LEO satellite market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LEO satellite market in these regions.
MARKET PLAYERS
The reports cover key developments in the LEO satellite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LEO satellite market are anticipated to lucrative growth opportunities in the future with the rising demand for LEO satellite market. Below mentioned is the list of few companies engaged in the LEO satellite market.
The report also includes the profiles of key LEO satellite market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Castor Networks
- Globalstar
- Laserfleet
- Northrop Grumman Corporation
- NovelSat
- ONEWEB.WORLD
- ORBCOMM
- SPACEX
- Telesat
- Thales Alenia Space
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.