LEO Terminals Market Global Growth Analysis and Forecast (2023 2028) - PowerPoint PPT Presentation

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LEO Terminals Market Global Growth Analysis and Forecast (2023 2028)

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Projections indicate that the LEO Terminals Market is poised for significant growth, with an estimated increase from USD 6.0 billion in 2023 to USD 17.7 billion by 2028, demonstrating a noteworthy compound annual growth rate (CAGR) of 23.9% during this period. – PowerPoint PPT presentation

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Title: LEO Terminals Market Global Growth Analysis and Forecast (2023 2028)


1
(/) HLOMEEO(/) ATBeOUrTmUSi(n/ABaOUlSsTUeSaM-r
8c.HhaTRMreLkp) oerLtEtsADERSHIP TEAM
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CONTACT US (/CONTACTUS.ASP) HOME (/) ? TOP
MARKET REPORTS (/TOP-MARKET-REPORTS.ASP) ? LEO
TERMINALS MARKET GLOBAL TOP 2000 STRATEGIST RELY
ON US FOR THEIR GROWTH STRATEGIES. KLNEOOW
MTOeRrEmi(n/KnaolwsledMgeastorrke.eastpbreyqueVst
e_frretei_ctraiall) (Commercial, Government
Defense), Platform (Fixed, Portable, Mobile),
Frequency (C-Band, LS-Band, X-Band, Ka-Band, Ku-
Band, VHF/UHF-Band, EHF/SHF-Band, Multi-Band,Q-
Band) and Region - Global Forecast to 2028 ?
FREE BROCHURE (/pdfdownloadNew.asp?id45523154) ?
FREE SAMPLE REPORT (/requestsampleNew.asp?id45523
154) Report Code AS 8859Nov, 2023, by
marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID45523154) 256 Pages
Report Projections indicate that the LEO
Terminals Market is poised for significant
growth, with an estimated increase from USD 6.0
billion in 2023 to USD 17.7 billion by 2028,
demonstrating a noteworthy compound annual
growth rate (CAGR) of 23.9 during this
period. The LEO (Low Earth Orbit) terminals
market is an evolving sector within the broader
satellite communication industry. LEO satellites
operate in orbits closer to the Earth compared to
traditional geostationary satellites, enabling
lower latency and higher data transfer rates for
communication. In terms of market segmentation,
LEO terminals are categorized by vertical, by
frequency and by platform, platform further
divided into fixed, portable and mobile. The
market report segments the LEO terminals industry
across five key regions North America, Europe,
Asia Pacific, the Middle East Africa, and
Latin America, with a focus on their key
countries. In 2023, North America is expected to
hold the largest share of the LEO terminals
market. The emergence of Low Earth Orbit (LEO)
terminals has revolutionized connectivity
solutions, rapidly replacing traditional
satellite communication methods in various
sectors. These terminals offer unparalleled
advantages, including swift and reliable
internet access in remote regions, enhanced
global connectivity, and increased bandwidth for
data transmission.
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of LEO terminals across multiple industries stems
from their unique capabilities. They terrupted
connectivity, catering to diverse needs such as
residential internet access, ations, emergency
services, and IoT applications. Their ability to
facilitate high-speed (/)ata transfer and
communication has positioned them as crucial
components in bridging the digital divide.
The widespread adoption enable extended and unin
enterprise-level communic
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LEO Terminals Market Forecast to 2028
To know about the assumptions considered for the
study, Request for Free Sample Report W(ehutstpe
sco/o/kwiews wto.emnhaarnkceetsyoaunr
dexmpearireknecets. .Bcyocmon/trineuqinugetostvsis
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ynamics and for cost-effective, high-speed
connectivity
LEO terminals Market D Drivers Increasing
dem Connectivity plays a cruci
al role in todays digital age. Individuals,
businesses, and governments rely on robust
(/)
communications networks to transmit data, access
services, and interact in real time. However,
traditional communication infrastructure often
fails to meet thSiegninInc(rhettapssi/n/wgwwd.emm
arakentsdanfdomr acrokestst-.ceofmfe/scigtinvine.,
ashpi)gh-speed
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TEAM (/LEADERSHIPTEAM.ASP)
RcEoSnEnAeRCcHtivEiXtyP.ETRoTSa(/dRdESreEAsRsC
tHhLisEAcDhEaRlSleHnIPg.AeS,P)LEBORIEsFaINteGlSlit
(/eAsNA(hLYtStpTsBR/I/EwFwINGwS.m.HTaMrkL)etsandm
arkets.com/Market- CRAeRpEEoRrSts(//lCeAoR-EsEaRt
.eAlSliPte) -mCOaNrTkAeCtT-2U5S2(/3C3O0NT2A5C1T.Uh
St.mASl)P)offer a groundbreaking solution. Their
proximity to Earth ensures reduced signal travel
time, resulting in significantly lower latency
than geostationary satellites. This low latency,
combined with high data transmission speeds,
makes LEO satellites suitable for applications
requiring real-time interactions, such as video
streaming, online gaming, and remote
telemedicine. Additionally, the low cost of LEO
terminals makes them economically viable for
expanding access to high-quality communications
services across diverse regions, including
underserved and remote areas.
Restraints Availability of other broadband
technologies LEO terminals face stiff competition
from other broadband technologies, particularly
fiber optic cables and 5G networks. The maturity
and widespread adoption of fiber optic cables, as
well as the rapid growth of 5G
(https//www.marketsandmarkets.com/Market-Reports/
5g-security-market-261636732.html) networks, give
them an advantage over LEO terminal networks,
which are still in their early stages of
development. Furthermore, fiber optic cables and
5G networks offer comparable performance and
affordability to LEO terminals. Fiber optic
cables have the highest bandwidth and the lowest
latency among broadband technologies, while 5G
networks are rapidly catching up in various
areas. Additionally, as fiber optic and 5G
services become more widely accepted, the
associated costs are decreasing. Opportunity
Growing demand for connectivity from developing
countries The market for LEO terminals holds
immense potential, especially in developing
countries where the demand for internet
connectivity is increasing rapidly. Traditional
satellite solutions are often expensive for these
countries due to their limited resources, making
these terminals a more affordable and viable
solution for global coverage. By offering
cost-effective connectivity solutions, LEO
terminals play a crucial role in driving
socioeconomic progress in developing countries.
These terminals can unlock a wide range of
applications, such as education, healthcare,
agriculture, and e-commerce, that can help
stimulate economic growth. For example, in
education, LEO terminals can provide high-quality
educational resources to students in remote
areas, while in healthcare, they enable remote
medical consultations and telemedicine services,
bringing essential healthcare to underserved
regions. In agriculture, these terminals can
provide farmers with information on weather
conditions, crop prices, and market trends,
enhancing their productivity and
profitability. Challenges Threat of data
interception, unauthorized access, and
cyberattacks Securing data transmitted through
LEO satellites poses a significant challenge due
to the susceptibility of LEO terminals to
various security threats, including data
interception, unauthorized access, and
cyberattacks. To address these risks, robust
protective measures are essential. Data
interception is a significant concern, given the
long-distance transmission through LEO
satellites, which makes data vulnerable to
malicious interception. To combat this, LEO
terminals must utilize strong encryption
protocols to scramble data in a way that only
authorized individuals can decipher it.
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4
nother issue that can be prevented by
incorporating secure authentication sers and
devices before allowing access to data or
services. Cyberattacks, including vice attacks,
are potential threats to LEO terminals.
Preventing such attacks requires m(/)ultiple
security measures, such as firewalls, intrusion
detection systems, and timely security patches.
These precautions help strengthen the security
and privacy of data transmitted over LEO
satellites.
Unauthorized access is a mechanisms that identify
u malware and denial-of-ser
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RBEaSEsAeRdCHoEnXPVEeRrTtSic(/aRlE,SETAhReCHGL
EoAvDeErRnSmHIPe.AnStP) dBReIfEeFnINcGeS
(s/AeNgAmLYeSTnBtRiIsEFeINxGpSe.HcTtMeLd) to
witness the highest growth CdAuRrEiEnRgS
(t/hCAeRfEoErRe.AcSaPs) t CpOeNrTioACdT eUnS
a(/CbOliNnTgACsTeUSc.uASreP) and real-time
communications between military command centers
and field units. Based on Vertical, Low Earth
Orbit (LEO) terminals are of utmost importance in
government and defense sectors. They provide
crucial communication and connectivity solutions.
Governments and defense organizations heavily
rely on LEO terminals for various critical
applications. These include secure and real-time
communication between military command centers
and field units, collecting and analyzing
intelligence data for informed decision-making,
and ensuring smooth communication on the
battlefield. LEO terminals are also vital in
remote deployments and emergency response
situations, offering reliable connectivity in
challenging environments. Based on
Platform,Mobile LEO terminals segment is
projected to record the highest market share
growth Mobile terminals are expected to witness
substantial growth, driven by factors such as the
expanding availability of LEO satellite networks
offering high-speed broadband connectivity, the
rising demand for mobile satellite services in
remote and underserved regions, and the ongoing
development of innovative mobile satellite
terminal technologies. This segment comprises
handheld terminals for individual users, vehicle
terminals primarily for transportation and
monitoring, and fixed terminals for stable
broadband access. Among these, handheld
terminals are expected to experience the most
significant growth due to heightened demand from
individual users, particularly in remote areas.
Vehicle terminals will also see substantial
growth, primarily in the transportation and
logistics sectors, while fixed terminals, though
essential, are anticipated to grow at a
comparatively slower rate due to cost
considerations. The market is being shaped by the
proliferation of LEO satellite networks, the
increasing need for reliable mobile satellite
services in remote areas, and advancements in
mobile terminal technology, all of which present
significant growth opportunities in the years
ahead. North America is expected to hold the
highest market share in 2023. North America,
which includes the US and Canada, is set to be a
big player in the market for LEO terminals. This
is because it's a hub for the satellite industry,
with major companies investing in LEO satellite
networks. The region's demand for fast internet
is growing, especially in rural areas. LEO
terminals are seen as a cost- effective solution
to provide reliable internet in these areas.
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LEO Terminals Market by Region To know about the
assumptions considered for the study, download
the pdf brochure (https//www.marketsandmarkets.co
m/pdfdownloadNew.asp?id45523154) Key Market
Players The LEO terminals companies
(https//www.marketsandmarkets.com/ResearchInsight
/leo-terminal-market.asp) is dominated by a few
globally established players such as SpaceX
(https//www.spacex.com/) (US), EchoStar
Corporation (https//www.echostar.com/) (US),
L3Harris Technologies, Inc. (https//www.l3harris.
com/) (US), Thales (https//www.thalesgroup.com/e
n) (France), Raytheon Technologies
(https//www.rtx.com/) (US), and Kymeta
Corporation (https//www.kymetacorp.com/) (US)
among others, are the key manufacturers that
secured LEO terminals.
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(/)
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() ? Click on image to enlarge
Scope of the Report
Report Metric
Details
Market size available for years
2020-2028
Base year considered
2022
Forecast period
2023-2028
Forecast units
Value (USD)
Segments covered
By platform, vertical, and frequency.
North America, Europe, Asia Pacific, the Middle
East Africa, and Latin America
Geographies covered
SpaceX (US), Kymeta Corporation (US), L3harris
Technologies, Inc. (US), EchoStar Corporation
(US), and Thales (France), among others.
Companies covered
LEO Terminals Market Highlights
WTe husise croeoskeieasrtcohenrheapnocertyocuartee
xgpeorrieizneces. BthyecoLntEinOuintgetromviisnita
thlsis msitearykoeu tasgrbeeastoeodurounsepolfacto
fookrimes,. vMeorrteicinafol, and
frequency (https//www.marketsandmarkets.com/Priva
cy-12.html).
7
Subsegment
Segment By Platform
Fixed Platform
(/)
Mobile
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r(/tCicARaEl ER.ASP) CONTACT US
(/CONTACTCUSo.AmSPm) ercial Government defence
C-band L- S-band X-band Ka-band Ku-band
VHF/UHF-band EHF/SHF-band Q-band Multi-band
By Frequency
North America Europe Asia Pacific Middle East
Africa Latin America
By Region
Recent Developments In August 2023, Hughes
Network Systems, an EchoStar company, has secured
a five-year Indefinite Delivery Indefinite
Quantity (IDIQ) contract with the US Space Force.
This contract allows the US Department of
Defense, federal agencies, and international
coalition partners to access Hughes fully
managed, low-latency LEO satellite-based
services. In July 2023 , L3Harris Technologies is
set to finalize its USD 4.7 billion acquisition
of Aerojet Rocketdyne following clearance from
the US Federal Trade Commission. The purchase,
aimed at bolstering L3Harriss presence in the
defense contracting sector, had faced scrutiny
from some lawmakers concerned about competition
and innovation. In June 2023, The US government
is paying SpaceXs Starlink satellite unit to
offer equipment and services to Ukrainian
soldiers. The terminals will most likely be
purchased through the Ukraine Security
Assistance Initiative. Frequently Asked
Questions (FAQs)
?
What is the current size of the LEO terminals
market?
?
Who are the winners in the LEO terminals market?
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?
chnological advancements in the market?
What are some of the te What are the factors dri
?
ving the growth of the market? Which region is
expected to have highest market share in the next
forecast years?
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