This research study on the LEO satellite market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. The primary sources considered included industry experts as well as service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the LEO satellite market as well as assess its growth prospects.
Secondary Research
The secondary sources referred for this research study on the LEO satellite market included financial statements of companies offering delivery drone software, drone transportation and logistics services, and transportation and logistics solution providers, along with various trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall size of the LEO satellite market, which was validated by primary respondents.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as chief X officers (CXOs), vice presidents (VPs), directors, regional managers, and business development and product development teams, distributors, and vendors.
Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to platforms, solutions, technologies, and regions. Stakeholders from the demand side include telecommunication companies, government and defense agencies, broadcasting services, and others who are willing to adopt LEO satellites. These interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. These interviews also helped analyze the market by satellite mass, application, end use, subsystem, and frequency segments of the market for five key regions.
Company revenue over USD 1 billion
Company revenue between USD 100 million and USD 1 billion
Company revenue less than USD 100 million
about the assumptions considered for the study, To know download the pdf brochure
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the total size of the LEO satellite market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following details:
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The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Data Triangulation
After arriving at the overall size of the LEO satellite market from the market size estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments, data triangulation and market breakdown procedures explained below were implemented, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.
Market Definition
Low earth orbit (LEO) satellites are satellites designed for low earth orbit and used for commercial, communication, and space research purposes. According to NASA, a low earth orbit is an earth-centered orbit with an altitude of 2,000 km (1,200 miles) or less. For the purposes of the commercial use policy, a low earth orbit is considered the area in earth orbit near enough to earth for convenient transportation, communication, observation, and resupply. Unlike satellites in GEO, which must always orbit along earth’s equator, LEO satellites do not always have to follow a particular path around earth in the same way – their plane can be tilted. This means there are more available routes for satellites in LEO, which is one of the reasons why LEO is a very commonly used orbit.
LEO satellites are used for earth observation & remote sensing, communication, mapping & navigation, surveillance & security, meteorology, scientific research & exploration, space observation, and various other applications by the defense, civil, commercial, and government verticals.
Stakeholders
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Satellite component manufacturers
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Satellite manufacturers
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Satellite integrators
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Launch service providers
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Government and civil organizations related to the market
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Small satellite companies
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Payload suppliers
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Scientific institutions
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Meteorological organizations
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Component suppliers
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Technologists
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R&D staff
Report Objectives
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To define, describe, segment, and forecast the LEO satellite market based on satellite mass, subsystem, end use, application, frequency, and region
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To forecast the market size of each segment of the market with respect to four major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, along with major countries in each of these regions
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe.
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To identify industry trends, market trends, and technology trends that are currently prevailing in the market.
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To provide an overview of the tariff and regulatory landscape in the market across various regions
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To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
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To analyze opportunities in the market for stakeholders by identifying key market trends
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To profile key market players and comprehensively analyze their market shares and core competencies2.
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To analyze the degree of competition in the market by identifying key growth strategies, such as acquisitions, new installations & upgrades, investments, contracts, and partnerships, adopted by leading market players.
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To identify detailed financial positions, key products, and unique selling points of leading companies in the market
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To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of key players
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Detailed analysis and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in LEO Satellite Market