Juniper Research’s New Future Leaders Index Reveals VLEO Satellite Vendors to Watch as Market Develops
18 Junio 2024 - 1:00AM
Business Wire
VLEO Satellite Investment to Grow 1,100% in
Just 3 Years
A new study from Juniper Research, the foremost experts in
technology markets, found global investment into VLEO (Very Low
Earth Orbit) satellites will reach $220 billion by 2027; growing
substantially from $17 billion this year.
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Juniper Research Future Leaders Index:
VLEO Satellite Vendors 2024 (Graphic: Business Wire)
VLEO satellites operate at an altitude of approximately 300km;
enabling reduced communication latency and higher-resolution
imaging.
An extract from the new report, Global VLEO Satellites Market
2024-2030, is now available as a free download.
As part of the study, Juniper Research is excited to announce
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
Capitalising on $220bn Opportunity
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 capitalise on a market with an anticipated
cumulative investment reaching $1 trillion by 2029.
Report author Ben Clark explained: “Future leaders must focus on
industries including telecommunications, navigation and environment
monitoring, as these are the best long-term monetisation
opportunities; owing to the requirement for global connectivity
that terrestrial technologies will be unable to provide”.
About the Research
The research suite offers the most comprehensive assessment of
the VLEO satellites market to date, including insightful market
analysis and in-depth forecasts for 60 countries. The dataset
contains over 8,600 market statistics within a six-year period. It
also includes a use case analysis and Country Readiness Index to
examine current and future market opportunities.
Juniper Research has, for two decades, provided market
intelligence and advisory services to the global technology sector,
retained by many of the world’s leading innovators and
providers.
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Sam Smith, Press Relations T: +44(0)1256 830002 E:
sam.smith@juniperresearch.com