The global LEO satellite market was valued at USD 7.71 billion in 2024. It is expected to grow from USD 7.93 billion in 2025 to USD 11.53 billion by 2032, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period. In 2024, North America led the market, accounting for a dominant share of 38.91%.
The global Low Earth Orbit (LEO) satellite market is experiencing steady growth, driven by increasing demand for satellite-based communication, earth observation, and navigation services. Advancements in satellite miniaturization, reduced launch costs, and the rise of private space companies are further accelerating market expansion. Government and commercial investments in space infrastructure, along with the growing need for real-time data and connectivity, are contributing to the market’s positive outlook. The market is expected to witness continued growth over the forecast period, with regions like North America playing a significant role in shaping industry dynamics.
Fortune Business Insights™ provides this information in its research report, titled “LEO Satellite Market Size, Share, Forecast, and 2025-2032”.
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/leo-satellite-market-112113
Small Segment Dominated, Driven by Technological Advancements