LEO Satellite Market Scope
Low Earth Orbit (LEO) satellites orbits at a distance of 500 to 1000 miles above the earth's surface. These 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. Also, it is being widely used in military reconnaissance, spying, and other imaging applications. LEO satellites are mainly classified as little LEOs, big LEOs, and Mega-LEOs. These satellites are used for satellite phones and GPS. 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 act as a convenient network solution for real-time global coverage. Companies such as Space X and Blue Origin are heavily investing in the production of LEO satellites as they are much better at transmitting data than other satellites. In the year 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 market growth.
According to AMA, the Global LEO Satellite market is expected to see growth rate of 21.15%The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States and European Players will contribute to the maximum growth of Global LEO Satellite market throughout the predicted period.
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), Blue Origin Federation, LLC (United States) and Amazon.com (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global LEO Satellite market , by Application (Communication, Remote Sensing, Earth Observation, Navigation, Astronomical and Others) and Region with country level break-up.
On the basis of geography, the market of LEO Satellite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Advancement in Space Technology
Market Growth Drivers:
Increase in Spending on Satellite in Developing Economies, Growing Demand for Data Communication and Requires Less Powerful Amplifiers Compared to Medium-Earth Orbit (MEO) Satellites
Challenges:
Dynamic Technical Environment
Restraints:
High Development Cost
Opportunities:
Emergence of Over-The-Top (OTT) Platform, Growing Number of LEO Payloads and Adoption of LEO Satellites in Military Applications
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.
In 2019, the International Telecommunications Union (ITU) adopted new regulations for LEO satellites. While satellites in geostationary orbit are aligned with the earth’s rotation at an elevation of 36,000 km, Non-GSO satellites move across the sky during their orbit around the earth, in medium Earth-orbit 8,000 to 20,000 km above the earth and in low-Earth orbit at elevations between 400 and 2000 km. As per this new regulation, these systems will be required to deploy 10% of their constellations within two years from the end of the current period for bringing into use, 50% within five years, and complete the deployment within seven years.
Key Target Audience
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
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.