LEOs are orbits lying below 2,000 km altitude from sea level and offer excellent benefits for missions related to earth observation. Increasing use of LEO satellites for earth observation applications is a key factor driving market revenue growth. Increasing number of space exploration activities, increasing use of Low Earth Orbit (LEO) satellites for earth observation, rising emphasis on decreasing costs associated with space missions, increasing use of commercial off-the-shelf components in small satellites, and rising need for non-chemical propulsion systems are key factors expected to drive market revenue growth.ĭrivers: Increasing Use of LEO Satellites for Earth Observation Applications
2, 2021 /PRNewswire/ - The global space propulsion system market size was USD 6.67 billion in 2020.
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