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

1. (/) LEO Terminals Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Search Reports  HOME (/) ABOUT US (/ABOUTUS-8.HTML) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ LEO TERMINALS MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE LEO Terminals Market by Vertical (Commercial, Government & Defense), Platform (Fixed, Portable, Mobile), Frequency (C-Band, L&S-Band, X-Band, Ka-Band, Ku- Band, VHF/UHF-Band, EHF/SHF-Band, Multi-Band,Q- Band) and Region - Global Forecast to 2028 (/Knowledgestore.asp#request_free_trial) ? FREE BROCHURE (/pdfdownloadNew.asp?id=45523154) ? FREE SAMPLE REPORT (/requestsampleNew.asp?id=45523154) Report Code: AS 8859Nov, 2023, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=45523154) [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. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

2. The widespread adoption of LEO terminals across multiple industries stems from their unique capabilities. They enable extended and uninterrupted connectivity, catering to diverse needs such as residential internet access, enterprise-level communications, emergency services, and IoT applications. Their ability to facilitate high-speed data transfer and communication has positioned them as crucial components in bridging the digital divide. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) LEO Terminals Market Forecast to 2028 To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=45523154) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

3. LEO terminals Market Dynamics: Drivers : Increasing demand for cost-effective, high-speed connectivity Connectivity plays a crucial role in today’s 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 the increasing demand for cost-effective, high-speed connectivity. To address this challenge, LEO satellites (https://www.marketsandmarkets.com/Market- Reports/leo-satellite-market-252330251.html) 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. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) 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. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

4. Unauthorized access is another issue that can be prevented by incorporating secure authentication mechanisms that identify users and devices before allowing access to data or services. Cyberattacks, including malware and denial-of-service attacks, are potential threats to LEO terminals. Preventing such attacks requires multiple 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. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Based on Vertical , The Government & defence segment is expected to witness the highest growth during the forecast period enabling secure 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. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

5. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) LEO Terminals Market by Region To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45523154) 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/en) (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. Get online access to the report on the World's First Market Intelligence Cloud ? Easy to Download Historical Data & Forecast Numbers ? Company Analysis Dashboard for high growth potential opportunities ? Research Analyst Access for customization & queries ? Competitor Analysis with Interactive dashboard ? Latest News, Updates & Trend analysis REQUEST SAMPLE We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

6. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) () ? 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 Companies covered SpaceX (US), Kymeta Corporation (US), L3harris Technologies, Inc. (US), EchoStar Corporation (US), and Thales (France), among others. LEO Terminals Market Highlights This research report categorizes the LEO terminals markets based on platform, vertical, and frequency We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

7. Segment Subsegment By Platform (/) Fixed Platform Mobile  Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) ABOUT US (/ABOUTUS-8.HTML) By Vertical CAREERS (/CAREER.ASP) Commercial Government & defence By Frequency C-band L- & S-band X-band Ka-band Ku-band VHF/UHF-band EHF/SHF-band Q-band Multi-band By Region North America Europe Asia Pacific Middle East & Africa Latin America 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 L3Harris’s 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 SpaceX’s 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 (FAQ’s): ? What is the current size of the LEO terminals market? ? Who are the winners in the LEO terminals market? We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

8. ? What are some of the technological advancements in the market? ? What are the factors driving the growth of the market? (/) ? Which region is expected to have highest market share in the next forecast years?  Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=45523154) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=45523154) Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) REPORT CODE AS 8859 PUBLISHED ON NOV, 2023 ? REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=45523154) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=45523154) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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