The size of the global LEO satellite market, which was $3.04 billion in 2021, is projected to grow at a 19.0% CAGR in terms of revenue over the next five years. Global desire for better internet speeds is to blame for the LEO satellite industry's consistent revenue growth. To accommodate this need, major market actors are progressively engaging in a variety of activities. OneWeb, for example, deployed six Airbus satellites in February 2019 and reported test findings demonstrating LEO satellite throughput speeds of more than 400 megabits per second and latency of 40 milliseconds. OneWeb user terminals were created by Intellian, a business that the company worked with. OneWeb transmitted full HD video at a quality of 1080p.
The report is updated with the impact of the COVID-19 pandemic on the LEO Satellite market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the LEO Satellite market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the LEO Satellite market.
Competitive Outlook: The leading companies operating in the LEO Satellite market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the LEO Satellite Market and Profiled in the Report are:
Northrop Grumman Corporation, OHB SE, Airbus SE, L3 Harris Technologies, Lockheed Martin Corporation, Spacex, Boeing, Sierra Nevada Corporation, Blue Canyon Technology, Thales Group
Objectives of the Report:
Study of the global LEO Satellite market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the LEO Satellite market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of LEO Satellite market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global LEO Satellite market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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