Low Earth Orbit (LEO) Satellites Market 2021 Strategic Assessments with Developments- Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin

Global Low Earth Orbit (LEO) Satellites Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Low Earth Orbit (LEO) Satellites market size, demand and revenue. The current Low Earth Orbit (LEO) Satellites market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global low earth orbit (LEO) satellites market is expected to grow from $2.18 billion in 2020 to $2.34 billion in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the increasing adoption of low earth orbit satellites in various sectors, rising importance across communications and defense industries, increasing awareness regarding new forms of technology, integration of IoT, machine learning, rapid advancements in the aerospace, robust government support, increasing preferences towards software defined payloads for communication satellites, miniaturization of satellite, and growing advancements in payload systems. The market is expected to reach $4.36 billion in 2025 at a CAGR of 16.9%.

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Industry News:

 in April 2021, OneWeb, a UK-based low earth orbit satellite communications operator launched 32 LEO satellites from 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 worldwide connectivity at fast speeds and with low latency. Further, in November 2020, Mitsubishi Heavy Industries (MHI), a Japan based engineering company, launched an advanced relay satellite with laser communications tech into orbit. The satellite payload, called Laser Utilizing Communication System (LUCAS), will send data from satellites in low Earth orbit using laser technology.

In November 2020, the UK government and Bharti Global, the company which has been working to provide satellite internet globally with a constellation of up to 648 satellites acquired OneWeb and for a deal amount of $565.50 million (400million) to gain a 45% stake each in the firm. The acquisition was considered as a method to keep the UK's space sector afloat after British companies were blocked out of the EU's Galileo satellite navigation program owing to Brexit. OneWeb is a UK-based satellite internet company.

Scope of this Report:

Markets Covered: 1) By Type: Femto; Pico; Nano; Micro; Mini
2) By Sub-System: Payload; Structure; Telecommunication; On-Board Computer; Power System; Attitude Control; Propulsion System
3) By Application: Technology Development; Earth Observation and Remote Sensing; Communication; Space Exploration; Surveillance
4) By End-User: Commercial; Civil; Government; Others
Companies Mentioned: Northrop Grumman; Kepler Communications; SpaceX; Boeing; Lockheed Martin
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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Executive Summary:

The low earth orbit (LEO) satellites market consists of sales of low earth orbit satellites by entities (organizations, sole traders, and partnerships) that manufacture low earth orbit satellites. A low earth orbit satellite is an object that orbits the earth at lower altitudes than geosynchronous satellites. It is normally between 1000 km and 160 km above the earth. They are commonly used for communications, military reconnaissance, spying, and other imaging applications.
The main types of low earth orbit satellites are femto, pico, nano, micro, and mini. Satellites with a mass of less than 100 grams are known as femto satellites. By concept, these new types of satellites are low-cost devices if they use commercial-off-the-shelf (COTS) components. The pico satellite satellites have a wet mass between 0.1 and 1 kg. They are used to carryout various payloads such as imagery sensors, Automatic Identification Systems (AIS) and communications. Nano satellites are artificial satellites having weighing mass between 1 and 10 kg. These satellites are used for interplanetary missions, remote sensing or communications. Satellites with a mass weighing from 10 and 100 kg are known as micro satellite. These are used for gathering scientific data, advance scientific and human exploration and radio relay. A mini satellite has a weighing mass usually under 500 kg. The different sub-systems include payload, structure, telecommunication, on-board computer, power system, attitude control, propulsion system and is used in technology development, earth observation and remote sensing, communication, space exploration, surveillance. It is implemented in various verticals such as commercial, civil, government, and others.

Regional Analysis For Low Earth Orbit (LEO) Satellites Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

North America was the largest region in the low earth orbit satellites market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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