/PRNewswire/ The "Satellite Services Market by Type (LEO, MEO, and GEO), Communications (Voice and Data), Solutions, Applications, Segments (Consumer,.
/PRNewswire/ The "Satellite Services Market by Type (LEO, MEO, and GEO), Communications (Voice and Data), Solutions, Applications, Segments (Consumer,.
Low Earth Orbit (LEO) satellite Market Size, Share, Analysis, Key Companies, and Forecast To 2028
iCrowd Newswire
07 Jul 2021, 11:07 GMT+10
The global Low Earth Orbit (LEO) satellite market size was reportedly significantly large in 2020, which is expected to expand significantly in 2028 and register a rapid CAGR during the forecast period. Industry analysis indicates that demand for more reliable products has been rising substantially, and adoption across communications and defense industries and sectors has been increasing in parallel, and these factors are expected to continue to support market growth over the forecast period.
The telecommunications industry, in cooperation with national space organizations, has significantly evolved in recent times to provide more efficient results in remote sensing, earth observation, and other related activities. Low Earth Orbit or LEO can be described as an orbit around Earth with an altitude to the surface of 2,000 kilometres and orbital
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Outlook on the Satellite Services in 5G and Beyond Global Market to 2030
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Satellite services provide coverage for business solutions that are often problematic and/or in remote areas such as mining operations, deep-water, and agriculture in third-world countries. Satellite services are also important in certain industries that require continuous network coverage such as oil & gas, transportation systems involving hybrid networks for autonomous vehicles, and other mission-critical services. In addition to providing continuous coverage in areas not practical by terrestrial systems, satellites may also provide continuous service in the event that terrestrial systems have a service outage.