Low Earth Orbit (LEO) Satellites Market Will Generate Record Revenue by 2028

The global low earth orbit (LEO) satellites market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. One of the things that have been immensely affected by LEO satellites is the availability of wireless high-speed internet. LEO satellites are highly capable of providing high-speed wireless internet without requiring internet towers, this has resolved the 5G issue which also provides high-speed internet but requires many towers. It has drawn a lot of attention when the results came after Starlink launched a satellite internet service. For instance, in January 2022, Starlink recorded more than 145,000 users across 25 countries, globally. The company has around 1,800 satellites in orbit. The company started its services in October 2020. Such success has driven huge competition among the internet service providers (ISPs) which indicates the future potential of the market. For instance, in February 2022, Reliance Group's Jio announced its shift to offer satellite broadband connectivity. Jio did a joint venture with Luxembourg-based SES for delivering affordable broadband services leveraging satellite technology in India.

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Market Coverage

· The market number available for - 2021-2028

· Base year- 2021

· Forecast period- 2022-2028

Segment Covered-

· By Satellite Type

· By Application

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- including Blue Canyon Technologies Inc., Northrop Grumman Systems Corp., Planet Labs PBC., Space Exploration Technologies Corp., Surrey Satellite Technology Ltd (Airbus SE), and others.

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Low Earth Orbit (LEO) Satellites Market Report Segment

By Satellite Type

· Small satellite

· Medium satellite

· Large satellite

By Application

· Communication

· Earth Observation and Remote Sensing

· Other (Scientific, and Technology)

By End-User

· Civil and Commercial

· Military

Low Earth Orbit (LEO) Satellites Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

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