Low Earth Orbit (LEO) satellites are developed to orbit between 200 km to 2,000 km above the Earthโs surface.
OREGAON, PORTLAND, UNITED STATESย , June 5, 2024 /EINPresswire.com/ — According to the report published by Allied Market Research, the global LEO and GEO satellite market generated $11.8 billion in 2021, and is projected to reach $43.9 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ – https://www.alliedmarketresearch.com/request-sample/A09227
The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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 report offers detailed segmentation of the global LEO and GEO satellite market based on orbit type, application, end-use, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/leo-and-geo-satellite-market/purchase-options
๐๐๐ฌ๐๐ ๐จ๐ง ๐จ๐ซ๐๐ข๐ญ ๐ญ๐ฒ๐ฉ๐, the low earth orbit segment held the largest market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 14.8% during the forecast period. The report also analyses other segments of the market such as the Geostationary Earth Orbit segment.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, the telecommunication segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The earth & space observation segment, on the other hand, is expected to cite the fastest CAGR of 15.5% during the forecast period.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ง๐-๐ฎ๐ฌ๐, the commercial segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The government & military segment, on the other hand, is expected to cite the fastest CAGR of 15.9% during the forecast period.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, the market across North America held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 15.2% during the forecast period.
The key players analyzed in the global LEO and GEO satellite market report include ๐ข๐ซ๐๐ฎ๐ฌ, ๐ ๐ฎ๐ซ๐ฎ๐ง๐จ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ., ๐๐ญ๐., ๐๐ง๐ฆ๐๐ซ๐ฌ๐๐ญ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฆ๐ข๐ญ๐๐, ๐๐ง๐ญ๐๐ฅ๐ฌ๐๐ญ ๐.๐., ๐๐ฌ๐ซ๐๐๐ฅ ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ (๐๐๐), ๐๐๐๐๐ซ๐ซ๐ข๐ฌ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ, ๐๐ง๐., ๐๐จ๐๐ค๐ก๐๐๐ ๐๐๐ซ๐ญ๐ข๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฎ๐๐ฅ๐๐จ๐ฆ๐ฆ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ, ๐๐ง๐., ๐๐๐ฑ๐๐ฌ ๐๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐๐, ๐๐ก๐๐ฅ๐๐ฌ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐ง๐ ๐๐ก๐ ๐๐จ๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ – https://www.alliedmarketresearch.com/purchase-enquiry/A09227
The report analyzes these key players in the global LEO and GEO satellite market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/satellite-services-market – Expected to Reach $144.5 Billion, at 2.2% CAGR by 2026
https://www.alliedmarketresearch.com/nanosatellite-and-microsatellite-market-A07491 – Expected to Reach $8.69 Billion, at 14.9% CAGR by 2030
https://www.alliedmarketresearch.com/satellite-manufacturing-and-launch-systems-market-A11976 – Global Opportunity Analysis and Industry Forecast, 2023-2032
David Correa
Allied Market Research
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Originally published at https://www.einpresswire.com/article/717541313/leo-and-geo-satellite-market-to-soar-to-43-9-billion-by-2031-allied-market-research-highlights-emerging-trends