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Low Earth Orbit (LEO) Satellites Market Opportunities, Drivers, Top Players Analysis And Forecast Till 2026 | Lockheed Martin, Thales Alenia Space, Airbus Defence and Space
Low Earth Orbit (LEO) Satellites Market
The low earth orbit (LEO) satellites market research report helps gain a truly global perspective of the low earth orbit (LEO) satellites industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.
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Key competitors in the low earth orbit (LEO) satellites market are Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defence and Space.
The global low earth orbit (LEO) satellites market size is expected to grow from $3.50 billion in 2021 to $4.13 billion in 2022 at a compound annual growth rate (CAGR) of 18.2%. The growth in the LEO satellites market 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 LEO satellites market is expected to reach $9 billion in 2026 at a CAGR of 21.5%.
The regions covered in the low earth orbit (LEO) satellites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest low earth orbit (LEO) satellites market share.
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TBRC's report segments the global low earth orbit (LEO) satellites market:
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
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