Global LEO Satellite Market Overview:
Low Earth Orbit (LEO) satellites are used for public networking and for scientific purposes. Communication via satellite begins when the satellite. LEO satellites are used in telecommunication, which orbits between 400 and 1,000 miles above the earth's surface. Today, LEO satellite operators are the drivers of the “new space” investment. As modern life has gone digital around the world, Big Tech has joined traditional operators to capitalize on the demand for connectivity. Giants from Alphabet, with the Loon balloon project, to Facebook and Airbus, with their Zephyr solar-powered drones, have made forays into providing worldwide Internet connectivity. LEO satellites organized in constellations act as a convenient network solution for real-time global coverage. Companies like Space X and Blue Origin are investing heavily in the production of LEO satellites because they’re much better at transmitting data than satellites further away. As of 2019, a total of 2,218 satellites is in orbit, of which 1,468 are LEO satellites. The growing number of LEO satellites will drive the market growth.
- Increase in Spending on Satellite in Developing Economies
- Growing Demand for Data Communication
- Requires Less Powerful Amplifiers Compared to Medium-Earth Orbit (MEO) Satellites
- Advancement in Space Technology
- Emergence of Over-The-Top (OTT) Platform
- Growing Number of LEO Payloads
- Adoption of LEO Satellites in Military Applications
- Dynamic Technical Environment
Some of the key players profiled in the report are SpaceX (United States), LeoSat Enterprises, Boeing (United States), Thales Group (France), Space Systems/Loral, LLC (United States), Lockheed Martin Corporation (United States), Planet Labs (United States), JSC Information Satellite Systems Reshetnev (Russia), Northrop Grumman Corporation (United States), Kepler Communications Inc. (Canada), Planet Labs, Inc. (United States), OneWeb Satellites (United Kingdom) and Blue Origin Federation, LLC (United States). Considering Market by Frequency Band, the sub-segment i.e. will boost the LEO Satellite market.
In March 2019, Telesat signed multi-year contract with OmniAccess for broadband service on Telesat’s revolutionary, global Low Earth Orbit (LEO) satellite constellation, which is planned to enter commercial operations in 2022.
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global LEO Satellite market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in LEO Satellite market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, LEO Satellite Manufacturer, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.