VLEO Satellite Investment to Grow 1,100 Percent in Just 3 Years: Report
Juniper Research Notes VLEO Satellite Vendors to Watch as Market Develops
A new study from Juniper Research projects that global investment into VLEO (Very Low Earth Orbit) satellites will reach $220 billion by 2027; growing substantially from $17 billion this year.
“Future leaders must focus on industries including telecommunications, navigation and environment monitoring, as these are the best long-term monetization opportunities.”
Ben Clark, Juniper Research
VLEO satellites operate at an altitude of approximately 300km (≈185 miles); enabling reduced communication latency and higher-resolution imaging.
As part of the study, Juniper Research announced the launch of the new Future Leaders Index. It scores companies that are either challenging dominant players in established markets, or positioned to become leaders in emerging markets. In assessing these future leaders, the model enables businesses to benefit from critical insights into market shifts and emerging threats, and thus make informed strategic decisions.
The model uses a range of criteria, such as funding and investment, market coverage and the extent of innovation in the leaders’ solutions. The vendors primed for future VLEO success are:
Thales Alenia Space
LeoLabs
Redwire
Blue Canyon Technologies
Albedo
These future leaders must leverage their significant funding and investment to develop software-based VLEO satellite services. The report recommended satellite management software remain adaptable to evolving use cases to capitalize on a market with an anticipated cumulative investment reaching $1 trillion by 2029.
“Future leaders must focus on industries including telecommunications, navigation and environment monitoring, as these are the best long-term monetization opportunities; owing to the requirement for global connectivity that terrestrial technologies will be unable to provide,” said Report author Ben Clark.
An extract from the new report, Global VLEO Satellites Market 2024-2030, is now available as a free download.