According to Fortune Business Insights™, the global low earth orbit satellite market was valued at USD 7.71 billion in 2024 and is projected 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. North America led the market in 2024, holding a dominant share of 38.91%.
The LEO satellite market is experiencing steady growth, primarily driven by the increasing demand for satellite-based communication, Earth observation, and navigation services. Market expansion is further supported by advancements in satellite miniaturization, declining launch costs, and a surge in private space company activity. Additionally, rising investments from both government and commercial sectors in space infrastructure, along with the need for real-time data and global connectivity, are contributing to the market’s positive outlook. With continued innovation and demand, the market is expected to maintain upward momentum, with North America remaining a key region influencing global trends.
This information is detailed in the research report titled “LEO Satellite Market Size, Share, Forecast, and 2025–2032.”
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/leo-satellite-market-112113