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LEO All-Electric Satellites to Witness High Adoption in Telecommunication Systems - Fact.MR Study
All-Electric Satellites Market
ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of LEO All-Electric Satellites. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of LEO All-Electric Satellites Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of LEO All-Electric Satellites market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of LEO All-Electric Satellites
The all-electric satellite market is projected to be valued at more than US$ 18 billion, and is poised to grow at a staggering CAGR of over 11% during the forecast period. As existing operators are preferring all-electric propulsion mechanisms, the satellite industry is witnessing a steady uptake of LEO All-Electric Satellites. LEO All-Electric Satellites are a new category of satellites providing extended mission time along with improved efficiency.
They often weigh lesser than the traditional satellites. This leads to decreased satellite operator launch costs. The all-electric satellite market is expected to witness many operators who show a pronounced shift towards all-electric satellite solutions as part of their future and current missions, with the possibility of low-weight satellites capturing their interest.
This newly published and insightful report sheds light on Market Insights of LEO All-Electric Satellites, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of LEO All-Electric Satellites Market.
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Global LEO All-Electric Satellites Market: In-Depth Assessment on Key Segments
The global LEO All-Electric Satellites market is segmented on the basis of propulsion type, satellite type, application and region.
Propulsion Type
Electrostatic
Electrothermal
Electromagnetic
Photonic
Satellite Type
LEO (Low Earth Orbit)
MEO (Medium Earth Orbit)
GEO (Geosynchronous Earth Orbit)
Application
Commercial Communications
Military Surveillance
Earth Observation & Remote Sensing
Research and Development
Region
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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Technological Improvements to Remain Key Market Imperative
The global all-electric satellite market is consolidated in nature with a few industry giants such as Airbus SE, The Boeing Company and Ariane Group acquiring the top shares.
LEO All-Electric Satellites are expected to perform exceptionally well with respect to being economic. Over time, more businesses will be selling this type of technology. Some of the key developments in the all-electric satellite market are:
In March 2020, Boeing SA and Lockheed Martin were chosen under the U.S., Protected Tactical Satcom (PTS) program to develop jam-resistant communications devices. Boeing and Lockheed Martin each won contracts worth US$ 191 million and US$ 240 million respectively. These two companies will be joining Northrop Grumman as the three largest contractors for designing.
In August 2018, Eutelsat aimed to replace its most valuable set of broadcast satellites with two larger LEO All-Electric Satellites from Airbus.
Key Takeaways of All-Electric Satellite Market Study
More than 30% of all the LEO All-Electric Satellites launched in 2018 were for commercial communication purposes
Though civil operators are increasingly adopting LEO All-Electric Satellites, military surveillance operators remain slow to embrace
Earth observation and remote sensing applications will grow at the highest CAGR of over 12% as operators are beginning to diversify targeting applications
North America holds the largest share (~35%) within the global all-electric satellite market. The presence of prominent space organizations such as National Aeronautics and Space Administration (NASA) is attributing to such growth
APAC is anticipated to showcase the highest growth rates (over 14%) especially in nations such as China and India, due to the growing downstream applications which are facilitating growth
“Although the market is at its foundation stage where the all-electric parts are a robust component of the conventional commercial satellites, the gradual shifting to all-electric platforms is evident. The market is embracing a combination of hybrid, traditional and all-electric platforms” says the Fact.MR analyst
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Key Question answered in the survey of LEO All-Electric Satellites market report:
Sales and Demand of LEO All-Electric Satellites
Growth of LEO All-Electric Satellites Market
Market Analysis of LEO All-Electric Satellites
Market Insights of LEO All-Electric Satellites
Key Drivers Impacting the LEO All-Electric Satellites market
Which are the Key drivers impacted by LEO All-Electric Satellites market
Restraints Shaping Market Growth
Market Survey of LEO All-Electric Satellites
More Valuable Insights on LEO All-Electric Satellites Market
Fact.MR, in its new report, offers an unbiased Market Analysis of LEO All-Electric Satellites, Sales and Demand of LEO All-Electric Satellites, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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