LEO and GEO Satellite Market By Orbit Type (Low Earth Orbit, Geostationary Earth Orbit), By Application (Telecommunication, Earth & space observation, Scientific research, Navigation, Others), By End-Use (Commercial, Government & Military, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Low Earth Orbit (LEO) satellites are developed to orbit between 200 km to 2,000 km above the Earth’s surface. These satellites are required to travel at about 27,000 kph to complete a full circuit of the planet in 90 to 120 minutes. In addition, LEO satellite is used for various applications such as data communication, remote sensing, and research. GEO satellite networks can provide very high broadband data throughput, with up to 50 Mbps downlink and 5 Mbps uplink. Moreover, weather-monitoring satellites can also use GEO since they can examine specific regions in real time to see how weather patterns develop.
Research organizations have increased the implementation of satellites to monitor and evaluate short- and long-term climate change. For instance, in October 2020, Google and the National Oceanic and Atmospheric Administration (NOAA) partnered with each other to jointly steer machine learning and artificial intelligence-driven pilot projects that will advance the agency's weather forecasting, environmental monitoring, and climate research capabilities. In August 2021, the Space Development Agency launched an experimental satellite. The Cygnus NG-16 spacecraft carries Prototype Infrared Payload, or PIRPL, designed for testing the use of a multispectral sensor for detection of ballistic missiles from low orbits. L3Harris and SpaceX have been awarded $193 million and $149 million, respectively for development of four satellites equipped with wide field of view, and overhead persistent infrared sensors.
The growth of the global LEO and GEO satellite market is propelling due to increase in adoption of small satellites and increase in demand for LEO-based services. However, rise in concerns over space debris is the factor that hampers the growth of the market. Furthermore, growth in investments by several governments in space technology is the factor expected to offer growth opportunities for the market during the forecast period.
The LEO and GEO satellite market is segmented on the basis of orbit type, application, end-use, and region. By orbit type, it is segmented into Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO). By application, it is fragmented into telecommunication, earth & space observation, scientific research, navigation, and others. By end-use, it is categorized into commercial, government & military, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the leo and geo satellite market analysis from 2021 to 2031 to identify the prevailing leo and geo satellite market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the leo and geo satellite market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global leo and geo satellite market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Orbit Type
Low Earth Orbit
Geostationary Earth Orbit
By Application
Telecommunication
Earth space observation
Scientific research
Navigation
Others
By End-Use
Commercial
Government Military
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Airbus S.A.S.
The Boeing Company
Israel Aerospace Industries Ltd.
Lockheed Martin Corporation
Mitsubishi Electric Corporation
INTELSAT S.A.
Inmarsat plc.
L3 Harris Corporation
Thales Group
Qualcomm Inc
Topcon Corporation
Texas Instruments
Furuno Electric
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook