Global LEO Satellite Market size was valued at USD 12.3 billion in 2023. It is likely to grow up to USD 21.9 billion by 2030 at a CAGR of 11.5 % during the forecast period ranging between 2025 and 2030.
The Global LEO Satellite Market size was valued at USD 12.3 billion in 2023. It is likely to grow up to USD 21.9 billion by 2030 at a CAGR of 11.5 % during the forecast period ranging between 2025 and 2030.
LEO satellites are the orbit between 500 and 2,000 kilometers above the surface of the earth. Due to their short range, these satellites offer high-speed data transport. Broadband access is in high demand as digitalization spreads to developing nations and rural areas. Bringing high-speed internet to underserved and distant areas is the largest trend in the worldwide LEO satellite business. However, space debris and orbital congestion are impeding the market's expansion.
Browse market data Tables and Figures spread through 137 Pages and in-depth TOC on Global LEO Satellite Market By Type (Small Satellites, Medium Satellites and Large Satellites), By Frequency Band (L Band, S Band, C Band, X Band, Ku Band and Ka Band), By Application (Communication, Earth Observation, Navigation, Scientific Research and Surveillance), By End User (Government & Defense, Commercial and Academic & Research Institutions) and By Geography (North America, Europe, Asia Pacific, Rest of the World) - Forecast from 2025 to 2030.
Global LEO Satellite Market Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
Type |
Small Satellites, Medium Satellites and Large Satellites |
|
Frequency Band |
L Band, S Band, C Band, X Band, Ku Band and Ka Band |
|
Application |
Communication, Earth Observation, Navigation, Scientific Research and Surveillance |
|
End User |
Government & Defense, Commercial and Academic & Research Institutions |
|
Key Players |
SpaceX, OneWeb, Amazon (Project Kuiper), Airbus Defence and Space, Thales Alenia Space, Northrop Grumman, L3Harris Technologies, Lockheed Martin, Sierra Space, Rocket Lab, LeoSat Enterprises, Planet Labs, Spire Global |
By type, small satellites dominated the global LEO satellite market.
Small Satellites are growing the fastest as they are cheaper to manufacture, lighter to launch, and flexible to operate.
"North America dominated the global LEO satellite market."
North America is the most dominant region in this market, where SpaceX, Amazon Kuiper and government agencies such as NASA and DoD are investing heavily.
Recent Developments By the Key Players
Thales Alenia Space, the joint venture between Thales and Leonardo, has signed a contract with prime contractor OHB System AG for the development of key elements for ESA's Laser Interferometer Space Antenna (LISA) mission. LISA will be the first space-based observatory dedicated to studying gravitational waves.
Some of the major players in this market are SpaceX, OneWeb, Amazon (Project Kuiper), Airbus Defence and Space, Thales Alenia Space, Northrop Grumman, L3Harris Technologies, Lockheed Martin, Sierra Space, Rocket Lab, LeoSat Enterprises, Planet Labs, Spire Global
Global LEO Satellite Market coverage (By Value)
- Type Insight and Forecast 2025 - 2030
- Small Satellites
- Medium Satellites
- Large Satellites
- Frequency Band Insight and Forecast 2025 - 2030
- L Band
- S Band
- C Band
- X Band
- Ku Band
- Ka Band
- Application Insight and Forecast 2025 - 2030
- Communication
- Earth Observation
- Navigation
- Scientific Research
- Surveillance
- End User Insight and Forecast 2025 - 2030
- Government & Defense
- Commercial
- Academic & Research Institutions
Geographical Segmentation
Global LEO Satellite Market by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Vietnam
- Thailand
- Malaysia
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries