The global LEO satellite market size was valued at USD 7.71 billion in 2024. The market is anticipated to grow from USD 7.93 billion in 2025 to USD 11.53 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period.

LEO satellites orbit the Earth at altitudes of 160-1000 km, travelling at 7500 miles per hour (7.8 kilometers per second) to stay in orbit. Their closeness to Earth enables higher-resolution images, while their versatility supports telecommunication, surveillance, and navigation applications. Using L-band radio frequency, these satellites are ideal for maritime, aviation, and other communication needs. Expanding global satellite constellation to enhance internet connectivity, with 2,664 launches in 2023, is accelerating market growth.

Fortune Business Insights™ provides this information in its research report, titled “LEOSatellite Market Size, Share, Forecast, and 2025-2032”.

List of Key Players Mentioned in the Report:

• SpaceX (U.S.)
• Airbus Defense and Space (Germany)
• Lockheed Martin (U.S.)
• OneWeb (U.K.)
• Boeing (U.S.)
• Planet Labs Inc. (U.S.)
• Spire Global Inc. (U.S.)
• Iridium Communications Inc. (U.S.)
• Swarm Technologies (U.S.)
• GomSpace (Denmark)

Information Source:

https://www.fortunebusinessinsights.com/leo-satellite-market-112113

Segmentation:

Small Segment Dominated, Driven by Technological Advancements