Executive Summary
According to Azoth Analytics research report, the Global Low Earth Orbit Satellite market is projected to display a notable growth represented By a CAGR of 25.45% during 2023-2028. The global Low Earth Orbit Satellite market was valued at USD 5.01 Billion in the year 2021 with the Americas region leading the regional market share.
The Global Low Earth Orbit Satellite Market is driven by an increasing investment in Satellite Industry by governments and organizations like SpaceX, and Boeing across the world. Additionally, the increasing internet penetration rate among the growing population in several developing countries is anticipated to propel the growth of the Global Low Earth Orbit Satellite market.
In the Application segment, the Communications Low Earth Orbit Satellite are expected to grow with a significant CAGR and also it is anticipated to hold a major share in the overall Low Earth Orbit Satellite market as increasing demand for broadband services and high data rate connectivity boosting the market.
One of the most important emerging trends that could impact LEO Satellite industry is the increasing significance of AI, ML and Cloud Computing in the Satellite Industry. LEO satellites can promote business by adopting digitalization and the Internet of Things (IoT), particularly in the oil and gas sector. By providing high-quality connectivity to remote oil fields (offshore and onshore), LEO satellite technology can enable oil companies to enhance their digital capabilities, machine learning, and security initiatives at remote sites.
In the Weight Segment, the Micro-sized Low Earth Orbit Satellite and the satellites which weigh under 10 KG hold the largest share in the market as the large players of LEO Satellite manufacturers are acquiring the small players to increase their market share and revenue and expanding their respective LEO Satellite production and manufacturing across the world in countries like USA, China, Russia and in the United Kingdom.
Scope of the Report
- The report presents the analysis of the Low Earth Orbit Satellite Market for the historical period of 2018-2021 and the forecast period of 2023-2028.
- The report analyses the Low Earth Orbit Satellite Market by Value (USD Billion).
- The report analyses the Low Earth Orbit Satellite Market by Application Type (Communications, Space Exploration, Earth Observation & Remote Sensing, Others).
- The report analyses the Low Earth Orbit Satellite Market by Weight Type (Micro (10-100 KG), Mini (100-500 KG), Below 10 KG).
- The report analyses the Low Earth Orbit Satellite Market by End User Industry (Residential, Commercial, Government & Military)
- The Global Low Earth Orbit Satellite Market has been analysed By Region (Americas, Europe, Asia Pacific, and MEA).
- The Global Low Earth Orbit Satellite Market has been analysed By Country (United States, Canada, Germany, U.K, France, Russia, China, India, Japan, South Korea).
- The key insights of the report have been presented through the leading company shares. Also, the attractiveness of the market has been presented by region, by Application, by Weight, by End User.
- Also, the major opportunities, trends, drivers, opportunities and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, and recent developments. The companies analysed in the report include Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales, Airbus SE, L3Harris Technologies, Honeywell, OneWeb.
Key Target Audience
- Low Earth Orbit Satellite Companies
- Research and Development (R&D) Organizations
- Government Bodies & Regulating Authorities
- Investment Banks and Equity Firms
Table of Contents
1. Introduction
- 1.1 Overview
- 1.2 Scope of Research
2. Executive Summary
- 2.1 Market Dashboard
- 2.2 Regional Insights
- 2.3 Market Ecosystem Factors
3. Research Methodology
- 3.1 Data Collection Process
- 3.2 Market Trajectory Estimation
- 3.3 Market Size Calculation
4. Market Dynamics
- 4.1 Drivers
- 4.2 Restraints
- 4.3 Opportunities
- 4.4 Trends
- 4.5 Impact assessment of Market Dynamics
5. Value Chain
- 5.1 Raw Material Suppliers
- 5.2 Manufacturers
- 5.3 Distributors
- 5.4 End Use Industries
6. Covid-19 Impact Assessment
- 6.1 Assessment of Degree of Impact of Covid-19 on Global LEO Satellite Market
- 6.2 Region-Wise Quarterly Covid Impact Analysis
7. Porter's Five Forces Analysis
8. Macro Economic Indicator Outlook
- 8.1 Global Information Technology Sector Investments
- 8.2 Manufacturing Sector
- 8.3 Government Investments in Space Industry
- 8.4 Total Objects Launched into Space
- 8.5 Government Investments in Military
9. Average Selling Price Analysis
- 9.1 Average Selling Price, By Region
- 9.2 Average Selling Price, By Application Type
10. Competitive Positioning
- 10.1 Companies' Product Positioning
- 10.2 Market Position Matrix
- 10.3 Market Share Analysis
- 10.3.1 Northrop Grumman
- 10.3.2 Kepler Communications
- 10.3.3 SpaceX
- 10.3.4 Boeing
- 10.3.5 Lockheed Martin
- 10.3.6 Thales
- 10.3.7 Airbus SE
- 10.3.8 L3Harris Technologies
- 10.3.9 Honeywell
- 10.3.10 OneWeb
11. Volumetric Analysis, Units, 2018-2028
- 11.1 Global Low Earth Orbit Satellite Market, By Volume
- 11.1.1 Global Low Earth Orbit Satellite Market, 2018-2028 (Units)
- 11.1.2 Global Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
- 11.1.3 Global Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
- 11.2 Americas Low Earth Orbit Satellite Market, By Volume
- 11.2.1 Americas Low Earth Orbit Satellite Market, 2018-2028 (Units)
- 11.2.2 Americas Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
- 11.2.3 Americas Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
- 11.3 Europe Low Earth Orbit Satellite Market, By Volume
- 11.3.1 Europe Low Earth Orbit Satellite Market, 2018-2028 (Units)
- 11.3.2 Europe Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
- 11.3.3 Europe Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
- 11.4 Asia Pacific Low Earth Orbit Satellite Market, By Volume
- 11.4.1 Asia Pacific Low Earth Orbit Satellite Market, 2018-2028 (Units)
- 11.4.2 Asia Pacific Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
- 11.4.3 Asia Pacific Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
- 11.5 Middle East & Africa Low Earth Orbit Satellite Market, By Volume
- 11.5.1 Middle East & Africa Low Earth Orbit Satellite Market, 2018-2028 (Units)
- 11.5.2 Middle East & Africa Low Earth Orbit Satellite Market, By Application, 2018-2028 (Units)
- 11.5.3 Middle East & Africa Low Earth Orbit Satellite Market, By Application, 2018-2021, 2023-2028 CAGR (%)
12. Global Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
- 12.1 Macro Economic Factor Impact Index
- 12.2 Low Earth Orbit Satellite Market: Dashboard
- 12.3 Low Earth Orbit Satellite Market Size, By Value, 2018-2021(USD Billion)
- 12.4 Low Earth Orbit Satellite Market Size, By Value, 2022-2028 (USD Billion)
- 12.5 Low Earth Orbit Satellite Market: Summary
13. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Application Type
- 13.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By Application Type: Snapshot
- 13.2 Communications
- 13.3 Space Exploration
- 13.4 Earth Observation & Remote Sensing
- 13.5 Other Applications
14. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Capacity Type
- 14.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By Capacity Type: Snapshot
- 14.2 Micro (10-100 KG)
- 14.2 Mini (100-500 KG)
- 14.2 Below 10 KG
15. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By End User Type
- 15.1 Low Earth Orbit Satellite Market Trend And Forecast Analysis, By End User Type: Snapshot
- 15.2 Residential
- 15.3 Commercial
- 15.4 Government & Military
16. Global Low Earth Orbit Satellite Market Trend And Forecast Analysis, 2018-2028, By Region
- 16.1 Regional Coverage of the Study
17. Americas Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
- 17.1 Macro Economic Factor Impact Index
- 17.2 Impact analysis of market dynamics on LEO Satellite Market
- 17.3 Americas LEO Satellite Market: Dashboard
- 17.4 Americas LEO Satellite Market Size, By Value, 2018-2021(USD Billion)
- 17.5 Americas LEO Satellite Market Size, By Value, 2022-2028 (USD Billion)
18. Americas Leo Satellite Market, By Application Type
- 18.1 Americas Low Earth Orbit Satellite Market: Application Type Overview
- 18.2 Americas Low Earth Orbit Satellite Market: Application Type, By Communications
- 18.3 Americas Low Earth Orbit Satellite Market: Application Type, By Space Exploration
- 18.4 Americas Low Earth Orbit Satellite Market: Application Type, By Earth Observation & Remote Sensing
- 18.5 Americas Low Earth Orbit Satellite Market: Application Type, By Other Applications
19. Americas Leo Satellite Market, By Weight Type
- 19.1 Americas Low Earth Orbit Satellite Market: Weight Type Overview
- 19.2 Americas Low Earth Orbit Satellite Market: Weight Type, By Micro (10-100 KG)
- 19.3 Americas Low Earth Orbit Satellite Market: Weight Type, By Mini (100-500 KG)
- 19.4 Americas Low Earth Orbit Satellite Market: Weight Type, By Below 10 KG
20. Americas Leo Satellite Market, By End User Type
- 20.1 Americas Low Earth Orbit Satellite Market: End User Type Overview
- 20.2 Americas Low Earth Orbit Satellite Market: End User Type, By Residential
- 20.3 Americas Low Earth Orbit Satellite Market: End User Type, By Commercial
- 20.4 Americas Low Earth Orbit Satellite Market: End User Type, By Government & Military
21. Americas Leo Satellite Market, By Country
- 21.1 United States
- 21.2 Canada
- 21.3 Rest of Americas
22. Europe Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
- 22.1 Macro Economic Factor Impact Index
- 22.2 Impact analysis of market dynamics on LEO Satellite Market
- 22.3 Europe LEO Satellite Market: Dashboard
- 22.4 Europe LEO Satellite Market Size, By Value, 2018-2021(USD Billion)
- 22.5 Europe LEO Satellite Market Size, By Value, 2022-2028 (USD Billion)
23. Europe Leo Satellite Market, By Application Type
- 23.1 Europe Low Earth Orbit Satellite Market: Application Type Overview
- 23.2 Europe Low Earth Orbit Satellite Market: Application Type, By Communications
- 23.3 Europe Low Earth Orbit Satellite Market: Application Type, By Space Exploration
- 23.4 Europe Low Earth Orbit Satellite Market: Application Type, By Earth Observation & Remote Sensing
- 23.5 Europe Low Earth Orbit Satellite Market: Application Type, By Other Applications
24. Europe Leo Satellite Market, By Weight Type
- 24.1 Europe Low Earth Orbit Satellite Market: Weight Type Overview
- 24.2 Europe Low Earth Orbit Satellite Market: Weight Type, By Micro (10-100 KG)
- 24.3 Europe Low Earth Orbit Satellite Market: Weight Type, By Mini (100-500 KG)
- 24.4 Europe Low Earth Orbit Satellite Market: Weight Type, By Below 10 KG
25. Europe Leo Satellite Market, By End User Type
- 25.1 Europe Low Earth Orbit Satellite Market: End User Type Overview
- 25.2 Europe Low Earth Orbit Satellite Market: End User Type, By Residential
- 25.3 Europe Low Earth Orbit Satellite Market: End User Type, By Commercial
- 25.4 Europe Low Earth Orbit Satellite Market: End User Type, By Government & Military
26. Europe Leo Satellite Market, By Country
- 26.1 Germany
- 26.2 United Kingdom
- 26.3 France
- 26.4 Russia
- 26.5 Rest of Europe
27. Asia Pacific Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
- 27.1 Macro Economic Factor Impact Index
- 27.2 Impact analysis of market dynamics on LEO Satellite Market
- 27.3 Asia Pacific LEO Satellite Market: Dashboard
- 27.4 Asia Pacific LEO Satellite Market Size, By Value, 2018-2021(USD Billion)
- 27.5 Asia Pacific LEO Satellite Market Size, By Value, 2022-2028 (USD Billion)
28. Asia Pacific Leo Satellite Market, By Application Type
- 28.1 Asia Pacific Low Earth Orbit Satellite Market: Application Type Overview
- 28.2 Asia Pacific Low Earth Orbit Satellite Market: Application Type, By Communications
- 28.3 Asia Pacific Low Earth Orbit Satellite Market: Application Type, By Space Exploration
- 28.4 Asia Pacific Low Earth Orbit Satellite Market: Application Type, By Earth Observation & Remote Sensing
- 28.5 Asia Pacific Low Earth Orbit Satellite Market: Application Type, By Other Applications
29. Asia Pacific Leo Satellite Market, By Weight Type
- 29.1 Asia Pacific Low Earth Orbit Satellite Market: Weight Type Overview
- 29.2 Asia Pacific Low Earth Orbit Satellite Market: Weight Type, By Micro (10-100 KG)
- 29.3 Asia Pacific Low Earth Orbit Satellite Market: Weight Type, By Mini (100-500 KG)
- 29.4 Asia Pacific Low Earth Orbit Satellite Market: Weight Type, By Below 10 KG
30. Asia Pacific Leo Satellite Market, By End User Type
- 30.1 Asia Pacific Low Earth Orbit Satellite Market: End User Type Overview
- 30.2 Asia Pacific Low Earth Orbit Satellite Market: End User Type, By Residential
- 30.3 Asia Pacific Low Earth Orbit Satellite Market: End User Type, By Commercial
- 30.4 Asia Pacific Low Earth Orbit Satellite Market: End User Type, By Government & Military
31. Asia Pacific Leo Satellite Market, By Country
- 31.1 China
- 31.2 India
- 31.3 Japan
- 31.4 South Korea
- 31.5 Rest of Asia Pacific
32. Middle East & Africa Low Earth Orbit Satellite Market Trends and Forecast Analysis, 2018-2028, USD Billion & CAGR
- 32.1 Macro Economic Factor Impact Index
- 32.2 Impact analysis of market dynamics on LEO Satellite Market
- 32.3 Middle East & Africa LEO Satellite Market Size, By Value, 2018-2021(USD Billion)
- 32.4 Middle East & Africa LEO Satellite Market Size, By Value, 2022-2028 (USD Billion)
33. Middle East & Africa Leo Satellite Market, By Application Type
- 33.1 Middle East & Africa Low Earth Orbit Satellite Market: Application Type Overview
- 33.2 Middle East & Africa Low Earth Orbit Satellite Market: Application Type, By Communications
- 33.3 Middle East & Africa Low Earth Orbit Satellite Market: Application Type, By Space Exploration
- 33.4 Middle East & Africa Low Earth Orbit Satellite Market: Application Type, By Earth Observation & Remote Sensing
- 33.5 Middle East & Africa Low Earth Orbit Satellite Market: Application Type, By Other Applications
34. Middle East & Africa Leo Satellite Market, By Weight Type
- 34.1 Middle East & Africa Low Earth Orbit Satellite Market: Weight Type Overview
- 34.2 Middle East & Africa Low Earth Orbit Satellite Market: Weight Type, By Micro (10-100 KG)
- 34.3 Middle East & Africa Low Earth Orbit Satellite Market: Weight Type, By Mini (100-500 KG)
- 34.4 Middle East & Africa Low Earth Orbit Satellite Market: Weight Type, By Below 10 KG
35. Middle East & Africa Leo Satellite Market, By End User Type
- 35.1 Middle East & Africa Low Earth Orbit Satellite Market: End User Type Overview
- 35.2 Middle East & Africa Low Earth Orbit Satellite Market: End User Type, By Residential
- 35.3 Middle East & Africa Low Earth Orbit Satellite Market: End User Type, By Commercial
- 35.4 Middle East & Africa Low Earth Orbit Satellite Market: End User Type, By Government & Military