The global low earth orbit (LEO) satellites market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. One of the things that have been immensely affected by LEO satellites is the availability of wireless high-speed internet. LEO satellites are highly capable of providing high-speed wireless internet without requiring internet towers, this has resolved the 5G issue which also provides high-speed internet but requires many towers. It has drawn a lot of attention when the results came after Starlink launched a satellite internet service. For instance, in January 2022, Starlink recorded more than 145,000 users across 25 countries, globally. The company has around 1,800 satellites in orbit. The company started its services in October 2020. Such success has driven huge competition among the internet service providers (ISPs) which indicates the future potential of the market. For instance, in February 2022, Reliance Group’s Jio announced its shift to offer satellite broadband connectivity. Jio did a joint venture with Luxembourg-based SES for delivering affordable broadband services leveraging satellite technology in India.
Browse the full report description of “Global Low Earth Orbit (LEO) Satellites Market Size, Share & Trends Analysis Report by Satellite type (Small Satellite, Medium Satellite, and Large Satellite), by Application (Communication, Earth Observation and Remote Sensing, and Others), and by End-User (Civil and Commercial, and Military) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/leo-satellites-market
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Satellite Type
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Blue Canyon Technologies Inc., Northrop Grumman Systems Corp., Planet Labs PBC., Space Exploration Technologies Corp., Surrey Satellite Technology Ltd (Airbus SE), and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Low Earth Orbit (LEO) Satellites Market Report Segment
By Satellite Type
By Application
By End-User
Global Low Earth Orbit (LEO) Satellites Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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