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The future of the low earth orbit (LEO) satellite communication market looks promising with opportunities in the commercial, civil, and government communication industries. The global low earth orbit (LEO) satellite communication market is expected to grow with a CAGR of 16% to 18% from 2022 to 2027. The major drivers for this market are increasing demand for high speed connectivity and growing digitization, increasing demand for hosted payload, and growing preference towards software defined payloads for communication satellite.
 
A more than 150 page report has been developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched, and other details of low earth orbit (LEO) satellite communication market report, download the report brochure.
 
low earth orbit satellite communication market trends and forecast by type, subsystem, and end user


low earth orbit satellite communication market trends and forecast by by segments
 
The study includes trends and forecast for the global low earth orbit (LEO) satellite communication market by type, subsystem, end user, and region as follows:
 
By Type [$M shipment analysis for 2016 – 2027]:
  • Femto
  • Pico
  • Nano
  • Micro
  • Mini
By Subsystem [$M shipment analysis for 2016 – 2027]:
  • Payload
  • Structure
  • Telecommunication
  • On-Board Computer
  • Power System
  • Attitude Control
  • Propulsion System
By End User [$M shipment analysis for 2016 – 2027]:
  • Commercial
  • Government
By Region [$M shipment analysis for 2016 – 2027]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • The Rest of the World
Mini satellite is expected to witness the highest growth rate as these satellite uses simpler technology.
 
North America will remain the largest region in the forecast period due to increasing number of Starlink satellite launches by SpaceX and existence of large players in the region. 
 
Some of the low earth orbit (LEO) satellite companies profiled in this report include Northrop Grumman, Kepler Communications, SpaceX, Boeing, Lockheed Martin, Thales Alenia Space, Airbus, SSL, Globalstar, Planet Labs, and BAE System.
 
 
Features of Low Earth Orbit (LEO) Satellite Communication Market
 
  • Market Size Estimates:  Low earth orbit (LEO) satellite communication market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by type, subsystem, and end user.
  • Regional Analysis: Low earth orbit (LEO) satellite communication market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different types, subsystems, end users, and regions for the low earth orbit (LEO) satellite communication market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the low earth orbit (LEO) satellite communication market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
This report answers following 11 key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global low earth orbit (LEO) satellite communication market by type (femto, pico, nano, micro, and mini), subsystem (payload, structure, telecommunication, on-board computer, power system, attitude control, and propulsion system), end user (commercial and government), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the Low Earth Orbit (LEO) Satellite market?
Q.5 What are the business risks and threats to the low earth orbit (LEO) satellite communication market?
Q.6 What are the emerging trends in this low earth orbit (LEO) satellite communication market and the reasons behind them?
Q.7 What are some changing demands of customers in the low earth orbit (LEO) satellite communication market?
Q.8 What are the new developments in the low earth orbit (LEO) satellite communication market? Which companies are leading these developments?
Q.9 Who are the major players in the low earth orbit (LEO) satellite communication market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the low earth orbit (LEO) satellite communication market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the low earth orbit (LEO) satellite communication market?
 

Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Low Earth Orbit (LEO) Satellite Communication Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Low Earth Orbit (LEO) Satellite Communication Market by Type
3.3.1: Femto
3.3.2: Pico
3.3.3: Nano
3.3.4: Micro
3.3.5: Mini
3.4: Global Low Earth Orbit (LEO) Satellite Communication Market by Subsystem
3.4.1: Payload 
3.4.2: Structure
3.4.3: Telecommunication
3.4.4: On-Board Computer
3.4.5: Power System
3.4.6: Attitude Control
3.4.7: Propulsion System
3.5: Global Low Earth Orbit (LEO) Satellite Communication Market by End User
3.5.1: Commercial
3.5.2: Government
 
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Low Earth Orbit (LEO) Satellite Communication Market by Region
4.2: North American Low Earth Orbit (LEO) Satellite Communication Market
4.2.1: Market by Type
4.2.2: Market by End User
4.2.3: The US Low Earth Orbit (LEO) Satellite Communication Market
4.2.4: The Canadian Low Earth Orbit (LEO) Satellite Communication Market
4.2.5: The Mexican Low Earth Orbit (LEO) Satellite Communication Market
4.3: European Low Earth Orbit (LEO) Satellite Communication Market
4.3.1: Market by Type
4.3.2: Market by End User
4.3.3: German Low Earth Orbit (LEO) Satellite Communication Market
4.3.4: United Kingdom Low Earth Orbit (LEO) Satellite Communication Market
4.3.5: French Low Earth Orbit (LEO) Satellite Communication Market
4.3.6: Italian Low Earth Orbit (LEO) Satellite Communication Market
4.4: APAC Low Earth Orbit (LEO) Satellite Communication Market
4.4.1: Market by Type
4.4.2: Market by End User
4.4.3: Chinese Low Earth Orbit (LEO) Satellite Communication Market
4.4.4: Japanese Low Earth Orbit (LEO) Satellite Communication Market
4.4.5: South Korean Low Earth Orbit (LEO) Satellite Communication Market
4.5: ROW Low Earth Orbit (LEO) Satellite Communication Market
4.5.1: Market by Type
4.5.2: Market by End User
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Low Earth Orbit (LEO) Satellite Communication Market by Type
6.1.2: Growth Opportunities for the Global Low Earth Orbit (LEO) Satellite Communication Market by Subsystem
6.1.3: Growth Opportunities for the Global Low Earth Orbit (LEO) Satellite Communication Market by End User
6.1.4: Growth Opportunities for the Global Low Earth Orbit (LEO) Satellite Communication Market by Region 
6.2: Emerging Trends in the Global Low Earth Orbit (LEO) Satellite Communication Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Low Earth Orbit (LEO) Satellite Communication Market
6.3.3: Technology Development
6.3.4: Mergers and Acquisitions in the Global Low Earth Orbit (LEO) Satellite Industry
 
7. Company Profiles of Leading Players
7.1: Northrop Grumman
7.2: Kepler Communications
7.3: SpaceX
7.4: Boeing
7.5: Lockheed Martin
7.6: Thales Alenia Space
7.7: Airbus
7.8: SSL
7.9: Globalstar
7.10: Planet Labs
7.11: BAE System
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in this market. 
 
Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
 

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