LEO Satellite Comprehensive Study .

About LEO Satellite

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.

AttributesDetailsStudy Period2018-2030Base Year2023UnitValue (USD Million)CAGR21.15%

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. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global LEO Satellite market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.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

AMA Research has segmented the market of Global LEO Satellite market by , Application (Communication, Remote Sensing, Earth Observation, Navigation, Astronomical and Others) and Region.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). If we see Market by Frequency Band, the sub-segment i.e. C Band will boost the LEO Satellite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Satellite Mass, the sub-segment i.e. <50 Kg will boost the LEO Satellite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

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 ApplicationsIn 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

To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.https://www.advancemarketanalytics.com/sample-report/1220-global-leo-satellite-sales-market?industry=telecom-services?utm_source=LinkedIn&utm_medium=Hrushikesh