Major players in the low-Earth orbit (LEO) satellite market are Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus Defense and Space, SSL, Globalstar and BAE System.
New York, August 26, 2021 (GLOBE NEWSWIRE) -Reportlinker.com announces the publication of the report “Report on the Global Low-Orbit Satellite Market (LEO) for the Global Market 2020-30: Growth and Change of COVID-19” – https://www.reportlinker.com/p06130525/?utm_source=GNW
The global market for low-Earth satellites (LEO) is expected to grow from $ 2.18 billion in 2020 to $ 2.34 billion in 2021 with a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the growing acceptance of low-Earth orbit satellites in various sectors, the growing importance of the communications and defense industries, increasing awareness of new forms of technology, IoT integration, machine learning, rapid advances in space, stable government support , increasing preferences for software-defined payloads for communications satellites, satellite miniaturization, and increasing advances in payload systems. The market is expected to reach $ 4.36 billion in 2025 at a CAGR of 16.9%.
The Low Earth Orbit (LEO) market consists of sales of low Earth orbit satellites by organizations (organizations, sole proprietors and partnerships) that produce low Earth orbit satellites. than geosynchronous satellites.
It is usually located between 1000 km and 160 km above the ground. They are commonly used for communications, military intelligence, espionage and other imaging applications.
The main types of satellites in low Earth orbit are femto, pico, nano, micro and mini. Satellites weighing less than 100 grams are known as femto satellites.
In concept, these new types of satellites are cheap devices if they use commercial components (COTS). Pico satellites have a wet mass between 0.1 and 1 kg. They are used to carry various payloads such as image sensors, automatic identification systems (AIS) and communications. Nano satellites are artificial satellites weighing between 1 and 10 kg. These satellites are used for interplanetary missions, remote sensing or communication. Satellites with a mass of 10 and 100 kg are known as micro-satellites. They are used to collect scientific data, advance scientific and human research and broadcast. A mini satellite usually weighs less than 500 kg. The various subsystems include payload, structure, telecommunications, on-board computer, power supply system, position control, propulsion system and is used in technology development, Earth observation and remote sensing, communication, space exploration, surveillance. It is applied in various verticals such as commercial, civil, governmental and others.
North America was the largest region in the low-Earth orbit satellite market in 2020. The regions covered in this report are the Asia-Pacific region, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The launch of advanced low-Earth orbit satellites is gaining significant popularity in the low-Earth satellite market. Major players working in the satellite sector in low Earth orbit are focusing on launching satellites to ensure global connectivity.
For example, in April 2021, OneWeb, a UK-based low-Earth orbit satellite communications operator, launched 32 LEO satellites from Russia’s Vostochen spaceport.
This will be part of the OneWeb 648 LEO satellite constellation, which will provide global connectivity at fast speeds and low latency. In addition, in November 2020, Mitsubishi Heavy Industries (MHI), a Japanese engineering company, launched an advanced relay satellite with laser communication technology in orbit.
The satellite payload, called the Laser Utilizing Communication System (LUCAS), will send data from satellites into low Earth orbit using laser technology.
In November 2020, the UK government and Bharti Global, a global satellite internet company with a constellation of up to 648 satellites, acquired OneWeb for $ 565.50 million (£ 400 million). to earn a 45% stake each in the company. The acquisition is seen as a method of sustaining the UK space sector after British companies were blocked by the EU’s Galileo satellite navigation program due to Brexit. OneWeb is a UK based satellite internet company.
The growing acceptance of low Earth orbit satellites in various sectors is expected to increase the growth of the Low Earth Orbit (LEO) market during the forecast period. Low Earth orbit satellites play an important role in Earth observation for the agricultural satellite and are one of the most important factors for the protection, safety and longevity of the planet.
Earth observation is a way to observe and measure biological, chemical and physical factors on a global scale, using data from satellites in low Earth orbit. According to the UN, the world’s population is expected to reach 9.7 billion by 2050, which will lead to a 69% increase in total agricultural production between 2010 and 2050. For example, in November 2020, the Indian Space Research Organization (ISRO) announced launches Earth observation satellite for rural, forestry and disaster management assistance. Companies such as Planet and Satellogic are developing intelligent farming solutions by launching small and nanosatellites. In this way, the growing acceptance of low-Earth satellites in agriculture will boost the growth of the low-Earth satellite market.
The countries covered by the low-Earth satellite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06130525/?utm_source=GNW
concerning Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need – instantly, in one place.
__________________________
CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
