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.
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
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: LEO AND GEO SATELLITE MARKET, BY ORBIT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Low Earth Orbit
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Geostationary Earth Orbit
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: LEO AND GEO SATELLITE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Telecommunication
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Earth & space observation
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Scientific research
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Navigation
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: LEO AND GEO SATELLITE MARKET, BY END-USE
6.1 Overview
6.1.1 Market size and forecast
6.2 Commercial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Government & Military
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: LEO AND GEO SATELLITE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Orbit Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End-Use
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Orbit Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End-Use
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Orbit Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End-Use
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Orbit Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End-Use
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Orbit Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End-Use
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Orbit Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End-Use
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Orbit Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End-Use
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Orbit Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End-Use
7.3.5.4 Russia
7.3.5.4.1 Market size and forecast, by Orbit Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End-Use
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Orbit Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End-Use
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Orbit Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End-Use
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Orbit Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End-Use
7.4.5.2 India
7.4.5.2.1 Market size and forecast, by Orbit Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End-Use
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Orbit Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End-Use
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Orbit Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End-Use
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Orbit Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End-Use
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Orbit Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End-Use
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Orbit Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End-Use
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Orbit Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End-Use
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Orbit Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End-Use
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AirbU.S. A. S.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 The Boeing Company
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Israel Aerospace Industries Ltd.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Lockheed Martin Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Mitsubishi Electric Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 INTELSAT S. A.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Inmarsat plc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 L3 Harris Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Thales Group
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Qualcomm Inc
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Topcon Corporation
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Texas Instruments
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Furuno Electric
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
List of Tables
Table 1. Global Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 2. Leo and Geo Satellite Market, for Low Earth Orbit, by Region, 2021-2031 ($Million)
Table 3. Leo and Geo Satellite Market for Low Earth Orbit, by Country, 2021-2031 ($Million)
Table 4. Leo and Geo Satellite Market, for Geostationary Earth Orbit, by Region, 2021-2031 ($Million)
Table 5. Leo and Geo Satellite Market for Geostationary Earth Orbit, by Country, 2021-2031 ($Million)
Table 6. Global Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 7. Leo and Geo Satellite Market, for Telecommunication, by Region, 2021-2031 ($Million)
Table 8. Leo and Geo Satellite Market for Telecommunication, by Country, 2021-2031 ($Million)
Table 9. Leo and Geo Satellite Market, for Earth & Space Observation, by Region, 2021-2031 ($Million)
Table 10. Leo and Geo Satellite Market for Earth & Space Observation, by Country, 2021-2031 ($Million)
Table 11. Leo and Geo Satellite Market, for Scientific Research, by Region, 2021-2031 ($Million)
Table 12. Leo and Geo Satellite Market for Scientific Research, by Country, 2021-2031 ($Million)
Table 13. Leo and Geo Satellite Market, for Navigation, by Region, 2021-2031 ($Million)
Table 14. Leo and Geo Satellite Market for Navigation, by Country, 2021-2031 ($Million)
Table 15. Leo and Geo Satellite Market, for Others, by Region, 2021-2031 ($Million)
Table 16. Leo and Geo Satellite Market for Others, by Country, 2021-2031 ($Million)
Table 17. Global Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 18. Leo and Geo Satellite Market, for Commercial, by Region, 2021-2031 ($Million)
Table 19. Leo and Geo Satellite Market for Commercial, by Country, 2021-2031 ($Million)
Table 20. Leo and Geo Satellite Market, for Government & Military, by Region, 2021-2031 ($Million)
Table 21. Leo and Geo Satellite Market for Government & Military, by Country, 2021-2031 ($Million)
Table 22. Leo and Geo Satellite Market, for Others, by Region, 2021-2031 ($Million)
Table 23. Leo and Geo Satellite Market for Others, by Country, 2021-2031 ($Million)
Table 24. Leo and Geo Satellite Market, by Region, 2021-2031 ($Million)
Table 25. North America Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 26. North America Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 27. North America Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 28. North America Leo and Geo Satellite Market, by Country, 2021-2031 ($Million)
Table 29. U.S. Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 30. U.S. Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 31. U.S. Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 32. Canada Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 33. Canada Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 34. Canada Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 35. Mexico Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 36. Mexico Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 37. Mexico Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 38. Europe Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 39. Europe Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 40. Europe Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 41. Europe Leo and Geo Satellite Market, by Country, 2021-2031 ($Million)
Table 42. Germany Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 43. Germany Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 44. Germany Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 45. France Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 46. France Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 47. France Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 48. UK Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 49. UK Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 50. UK Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 51. Russia Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 52. Russia Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 53. Russia Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 54. Rest of Europe Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 55. Rest of Europe Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 56. Rest of Europe Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 57. Asia-Pacific Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 58. Asia-Pacific Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 59. Asia-Pacific Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 60. Asia-Pacific Leo and Geo Satellite Market, by Country, 2021-2031 ($Million)
Table 61. China Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 62. China Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 63. China Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 64. India Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 65. India Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 66. India Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 67. Japan Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 68. Japan Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 69. Japan Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 70. South Korea Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 71. South Korea Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 72. South Korea Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 73. Rest of Asia-Pacific Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 74. Rest of Asia-Pacific Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 75. Rest of Asia-Pacific Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 76. LAMEA Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 77. LAMEA Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 78. LAMEA Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 79. LAMEA Leo and Geo Satellite Market, by Country, 2021-2031 ($Million)
Table 80. Latin America Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 81. Latin America Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 82. Latin America Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 83. Middle East Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 84. Middle East Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 85. Middle East Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 86. Africa Leo and Geo Satellite Market, by Orbit Type, 2021-2031 ($Million)
Table 87. Africa Leo and Geo Satellite Market, by Application, 2021-2031 ($Million)
Table 88. Africa Leo and Geo Satellite Market, by End-use, 2021-2031 ($Million)
Table 89. AirbU.S. A. S.: Company Snapshot
Table 90. AirbU.S. A. S.: Operating Segments
Table 91. AirbU.S. A. S.: Product Portfolio
Table 92. AirbU.S. A. S.: Net Sales
Table 93. AirbU.S. A. S.: Key Strategies
Table 94. the Boeing Company: Company Snapshot
Table 95. the Boeing Company: Operating Segments
Table 96. the Boeing Company: Product Portfolio
Table 97. the Boeing Company: Net Sales
Table 98. the Boeing Company: Key Strategies
Table 99. Israel Aerospace Industries Ltd.: Company Snapshot
Table 100. Israel Aerospace Industries Ltd.: Operating Segments
Table 101. Israel Aerospace Industries Ltd.: Product Portfolio
Table 102. Israel Aerospace Industries Ltd.: Net Sales
Table 103. Israel Aerospace Industries Ltd.: Key Strategies
Table 104. Lockheed Martin Corporation: Company Snapshot
Table 105. Lockheed Martin Corporation: Operating Segments
Table 106. Lockheed Martin Corporation: Product Portfolio
Table 107. Lockheed Martin Corporation: Net Sales
Table 108. Lockheed Martin Corporation: Key Strategies
Table 109. Mitsubishi Electric Corporation: Company Snapshot
Table 110. Mitsubishi Electric Corporation: Operating Segments
Table 111. Mitsubishi Electric Corporation: Product Portfolio
Table 112. Mitsubishi Electric Corporation: Net Sales
Table 113. Mitsubishi Electric Corporation: Key Strategies
Table 114. Intelsat S. A.: Company Snapshot
Table 115. Intelsat S. A.: Operating Segments
Table 116. Intelsat S. A.: Product Portfolio
Table 117. Intelsat S. A.: Net Sales
Table 118. Intelsat S. A.: Key Strategies
Table 119. Inmarsat PLC.: Company Snapshot
Table 120. Inmarsat PLC.: Operating Segments
Table 121. Inmarsat PLC.: Product Portfolio
Table 122. Inmarsat PLC.: Net Sales
Table 123. Inmarsat PLC.: Key Strategies
Table 124. L3 Harris Corporation: Company Snapshot
Table 125. L3 Harris Corporation: Operating Segments
Table 126. L3 Harris Corporation: Product Portfolio
Table 127. L3 Harris Corporation: Net Sales
Table 128. L3 Harris Corporation: Key Strategies
Table 129. Thales Group: Company Snapshot
Table 130. Thales Group: Operating Segments
Table 131. Thales Group: Product Portfolio
Table 132. Thales Group: Net Sales
Table 133. Thales Group: Key Strategies
Table 134. Qualcomm Inc.: Company Snapshot
Table 135. Qualcomm Inc.: Operating Segments
Table 136. Qualcomm Inc.: Product Portfolio
Table 137. Qualcomm Inc.: Net Sales
Table 138. Qualcomm Inc.: Key Strategies
Table 139. Topcon Corporation: Company Snapshot
Table 140. Topcon Corporation: Operating Segments
Table 141. Topcon Corporation: Product Portfolio
Table 142. Topcon Corporation: Net Sales
Table 143. Topcon Corporation: Key Strategies
Table 144. Texas Instruments: Company Snapshot
Table 145. Texas Instruments: Operating Segments
Table 146. Texas Instruments: Product Portfolio
Table 147. Texas Instruments: Net Sales
Table 148. Texas Instruments: Key Strategies
Table 149. Furuno Electric: Company Snapshot
Table 150. Furuno Electric: Operating Segments
Table 151. Furuno Electric: Product Portfolio
Table 152. Furuno Electric: Net Sales
Table 153. Furuno Electric: Key Strategies
List of Figures
Figure 1. Leo and Geo Satellite Market Segmentation
Figure 2. Leo and Geo Satellite Market, 2021-2031
Figure 3. Leo and Geo Satellite Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Leo and Geo Satellite Mark.:Drivers, Restraints and Opportunities
Figure 12. Leo and Geo Satellite Market, By Orbit Type, 2021(%)
Figure 13. Comparative Share Analysis of Low Earth Orbit Leo and Geo Satellite Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Geostationary Earth Orbit Leo and Geo Satellite Market, 2021-2031(%)
Figure 15. Leo and Geo Satellite Market, By Application, 2021(%)
Figure 16. Comparative Share Analysis of Telecommunication Leo and Geo Satellite Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Earth & Space Observation Leo and Geo Satellite Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Scientific Research Leo and Geo Satellite Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Navigation Leo and Geo Satellite Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Others Leo and Geo Satellite Market, 2021-2031(%)
Figure 21. Leo and Geo Satellite Market, By End-Use, 2021(%)
Figure 22. Comparative Share Analysis of Commercial Leo and Geo Satellite Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Government & Military Leo and Geo Satellite Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Others Leo and Geo Satellite Market, 2021-2031(%)
Figure 25. Leo and Geo Satellite Market by Region, 2021
Figure 26. U.S. Leo and Geo Satellite Market, 2021-2031($Million)
Figure 27. Canada Leo and Geo Satellite Market, 2021-2031($Million)
Figure 28. Mexico Leo and Geo Satellite Market, 2021-2031($Million)
Figure 29. Germany Leo and Geo Satellite Market, 2021-2031($Million)
Figure 30. France Leo and Geo Satellite Market, 2021-2031($Million)
Figure 31. Uk Leo and Geo Satellite Market, 2021-2031($Million)
Figure 32. Russia Leo and Geo Satellite Market, 2021-2031($Million)
Figure 33. Rest of Europe Leo and Geo Satellite Market, 2021-2031($Million)
Figure 34. China Leo and Geo Satellite Market, 2021-2031($Million)
Figure 35. India Leo and Geo Satellite Market, 2021-2031($Million)
Figure 36. Japan Leo and Geo Satellite Market, 2021-2031($Million)
Figure 37. South Korea Leo and Geo Satellite Market, 2021-2031($Million)
Figure 38. Rest of Asia-Pacific Leo and Geo Satellite Market, 2021-2031($Million)
Figure 39. Latin America Leo and Geo Satellite Market, 2021-2031($Million)
Figure 40. Middle East Leo and Geo Satellite Market, 2021-2031($Million)
Figure 41. Africa Leo and Geo Satellite Market, 2021-2031($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Airbus S.A.S.: Net Sales, ($Million)
Figure 49. The Boeing Compan.: Net Sales, ($Million)
Figure 50. Israel Aerospace Industries Ltd.: Net Sales, ($Million)
Figure 51. Lockheed Martin Corporatio.: Net Sales, ($Million)
Figure 52. Mitsubishi Electric Corporatio.: Net Sales, ($Million)
Figure 53. Intelsat S.A.: Net Sales, ($Million)
Figure 54. Inmarsat plc.: Net Sales, ($Million)
Figure 55. L3 Harris Corporatio.: Net Sales, ($Million)
Figure 56. Thales Grou.: Net Sales, ($Million)
Figure 57. Qualcomm In.: Net Sales, ($Million)
Figure 58. Topcon Corporatio.: Net Sales, ($Million)
Figure 59. Texas Instrument.: Net Sales, ($Million)
Figure 60. Furuno Electri.: Net Sales, ($Million)
Executive Summary
According to the report, “LEO and GEO Satellite Market," the leo and geo satellite market was valued at $11.8 billion in 2021, and is estimated to reach $43.9 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.North America is expected to dominate the global LEO and GEO satellite market during the forecast period. The market has strengthened due to the growth in telecommunication, navigation, and remote sensing applications. Government and military organizations using satellite imaging for mapping, military reconnaissance, disaster management, and others. Rise in investment in the defense sector, along with technological advancement in telecommunication industry, is expected to drive the market growth during the forecast period.
Satellite manufacturers have seen a growth in demand for navigation satellites in recent years due to the widespread use of navigation services. Government entities have shifted their attention to the development of navigation infrastructure to provide navigation services worldwide. The rise in investment from government agencies to improve navigation services in the region encourages the development of navigation satellites across the globe. For instance, in August 2021, the Indian Space Research Organization (ISRO) announced intentions to increase the global coverage of its regional satellite-based navigation system and make it interoperable with other systems like the global positioning system (GPS). The growing focus on creating precise navigation services around the world propels the growth of the LEO and GEO satellite industry.
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.
COVID-19 Impact Analysis
The COVID-19 crisis has created uncertainty in the LEO and GEO satellite market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions have already announced total lockdown and temporary shutdown of industries, thereby adversely affecting the overall production and sales. Countries around the globe have posed stringent restrictions ranging from days to months of lockdown periods. Owing to this pandemic, many businesses have been halted and are waiting for the market conditions to improve.The impact of the COVID-19 pandemic has resulted in delayed development and launches of satellite, slowdown in the operation of the key players, and shortage of components. The pandemic has resulted in supply-chain disruptions causing delayed launches of satellites.
Shortage of components owing to regulations associated with import and export of goods have also resulted in delayed manufacturing, and launch of satellites. Limited supply of liquid oxygen and liquid nitrogen owing to greater demand from hospitals to treat COVID-19 patients caused an 11 day delay in the launch of Landsat 9 satellite, a joint project of NASA and the U.S. Geological Survey. It was then launched in September 2021.
The satellite launch services and satellite manufacturing have also been impacted by computer chip shortage, due to manufacturing shutdowns in China, South Korea, and Taiwan. The limited chip supplies caused SpaceX to delay the development of a new user terminal for its Starlink satellite broadband system.
The pandemic has caused delays in development of several projects. The Defense Advanced Research Project Agency’s Blackjack program, which is aimed at demonstrating a new communications network for the military in low-Earth orbit, was scheduled to be launched in 2022. The launch is expected to be delayed due to of shortages of microchips and other electronic components.
However, post-pandemic, several key players operating in LEO and GEO satellite industry are focusing on providing broadband internet services across the globe through thousands of low earth orbit (LEO) satellites, which in turn is expected to drive the growth of the LEO and GEO satellite market during the forecast timeframe.
Key Findings of the Study
- By orbit type, the low earth orbit segment is anticipated to exhibit significant growth in the near future.
- By application, the earth & space observation segment is anticipated to exhibit significant growth in the near future.
- By end-use, the government & military segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
- Key players operating in the global LEO and GEO satellite market include Airbus, Furuno Electric Co., Ltd., Inmarsat Global Limited, Intelsat S.A., Israel Aerospace Industries (IAI), L3Harris Technologies, Inc., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Thales Group, and The Boeing Company.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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