LEO Satellite Market Size, Share & Trends Analysis Report By Satellite Mass, By Frequency Band, By Propulsion Type, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030
LEO Satellite Market Size, Share & Trends Analysis Report By Satellite Mass, By Frequency Band, By Propulsion Type, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030
LEO Satellite Market Size & Trends
The global LEO satellite market size was estimated at USD 10.54 billion in 2023 and is projected to grow at a CAGR of 14.36% from 2024 to 2030. The rapid growth with the deployment of large satellite constellations aimed at providing global broadband internet coverage. Companies are launching thousands of small satellites to create interconnected networks, enhancing data speed and connectivity. This trend is driven by increasing demand for high-speed internet, particularly in underserved and remote areas, and is expected to significantly expand market reach and capabilities.
Innovations in satellite technology, such as miniaturization, improved propulsion systems, and high-throughput antennas, are accelerating market growth. Advances in satellite design and manufacturing are reducing costs and improving performance, enabling more efficient and reliable satellite operations. These technological improvements support the development of advanced applications, from global communications to Earth observation, fueling continued market expansion.
The market is witnessing heightened investment and merger & acquisition activities as companies seek to scale operations and enhance their capabilities. Strategic investments and acquisitions enable firms to access new technologies, integrate advanced systems, and strengthen their market positions. This trend is reshaping the competitive landscape, driving consolidation, and supporting rapid growth in the satellite industry.
The market is adapting to evolving regulatory frameworks and space traffic management requirements. As the number of satellites increases, regulatory bodies are focusing on managing orbital debris and ensuring safe satellite operations. Companies are investing in compliance strategies and technologies to address these regulatory challenges, which impact market dynamics and influence growth trajectories.
Global LEO Satellite Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global LEO satellite market report based on satellite mass, frequency band, propulsion type, application, end-use, and region:
Satellite Mass Outlook (Revenue, USD Million, 2018 - 2030)
Small Satellite
Cube Sats
Medium Satellite
Large Satellite
Frequency Band Outlook (Revenue, USD Million, 2018 - 2030)
L-band
S-band
C-band
X-band
Ku-band
Ka-band
Q/V-band
HF/VHF/UHF-band
Laser/Optical
Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
Electric
Gas based
Liquid Fuel
Application Outlook (Revenue, USD Million, 2018 - 2030)
Communication
Earth Observation & Remote Sensing
Scientific Research
Technology
Others
End-use Outlook (Revenue, USD Million, 2018 - 2030)
Commercial
Government & Defense
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
South Korea
Australia
Latin America
Brazil
Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Please note The report will be delivered in 4-8 business days upon order notification.
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.3.1. Information analysis
1.3.2. Market formulation & data visualization
1.3.3. Data validation & publishing
1.4. 1.4 Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. LEO Satellite Market Snapshot
2.2. LEO Satellite Market- Segment Snapshot
2.3. LEO Satellite Market- Competitive Landscape Snapshot
Chapter 3. LEO Satellite Platform Market - Industry Outlook
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s analysis
3.4.2. Macroeconomic analysis
3.5. LEO Satellite Market Technology Trends
Chapter 4. LEO Satellite Market: Satellite Mass Estimates & Trend Analysis
4.1. Satellite Mass Movement Analysis & Market Share, 2023 & 2030
4.2. LEO Satellite Market Estimates & Forecast By Satellite Mass (USD Million)
4.2.1. Small Satellite
4.2.2. Cube Sats
4.2.3. Medium Satellite
4.2.4. Large Satellite
Chapter 5. LEO Satellite Market: Frequency Band Estimates & Trend Analysis
5.1. Frequency Band Movement Analysis & Market Share, 2023 & 2030
5.2. LEO Satellite Market Estimates & Forecast By Frequency Band (USD Million)
5.2.1. L-band
5.2.2. S-band
5.2.3. C-band
5.2.4. X-band
5.2.5. Ku-band
5.2.6. Ka-band
5.2.7. Q/V-band
5.2.8. HF/VHF/UHF-band
5.2.9. Laser/Optical
Chapter 6. LEO Satellite Market: Propulsion Type Estimates & Trend Analysis
6.1. Propulsion Type Movement Analysis & Market Share, 2023 & 2030
6.2. LEO Satellite Market Estimates & Forecast By Propulsion Type (USD Million)
6.2.1. Electric
6.2.2. Gas based
6.2.3. Liquid Fuel
Chapter 7. LEO Satellite Market: Application Estimates & Trend Analysis
7.1. Application Movement Analysis & Market Share, 2023 & 2030
7.2. LEO Satellite Market Estimates & Forecast, By Application (USD Million)
7.2.1. Communication
7.2.2. Earth Observation & Remote Sensing
7.2.3. Scientific Research
7.2.4. Technology
7.2.5. Others
Chapter 8. LEO Satellite Market: End Use Estimates & Trend Analysis
8.1. End Use Movement Analysis & Market Share, 2023 & 2030
8.2. LEO Satellite Market Estimates & Forecast, By End Use (USD Million)
8.2.1. Commercial
8.2.2. Government & Defense
8.2.3. Others
Chapter 9. Regional Estimates & Trend Analysis
9.1. LEO Satellite Market by Region, 2023 & 2030
9.2. North America
9.2.1. North America LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.2.2. U.S.
9.2.3. Canada
9.2.4. Mexico
9.3. Europe
9.3.1. Europe LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.3.2. UK
9.3.3. Germany
9.3.4. France
9.4. Asia Pacific
9.4.1. Asia Pacific LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.4.2. China
9.4.3. Japan
9.4.4. India
9.4.5. South Korea
9.4.6. Australia
9.5. Latin America
9.5.1. Latin America LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.5.2. Brazil
9.6. Middle East & Africa (MEA)
9.6.1. MEA LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.6.2. UAE
9.6.3. Saudi Arabia
9.6.4. South Africa
Chapter 10. LEO Satellite Market - Competitive Landscape
10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Positioning Analysis
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.8.1. Expansion/Divestiture
10.8.2. Collaborations/Partnerships
10.8.3. New Product Launches
10.8.4. Contract
10.9. Company Profiles
10.9.1. SpaceX
10.9.1.1. Participant’s Overview
10.9.1.2. Financial Performance
10.9.1.3. Product Benchmarking
10.9.1.4. Recent Developments
10.9.2. Airbus Defense & Space
10.9.2.1. Participant’s Overview
10.9.2.2. Financial Performance
10.9.2.3. Product Benchmarking
10.9.2.4. Recent Developments
10.9.3. Lockheed Martin Corporation
10.9.3.1. Participant’s Overview
10.9.3.2. Financial Performance
10.9.3.3. Product Benchmarking
10.9.3.4. Recent Developments
10.9.4. Northrop Grumman Corporation
10.9.4.1. Participant’s Overview
10.9.4.2. Financial Performance
10.9.4.3. Product Benchmarking
10.9.4.4. Recent Developments
10.9.5. L3Harris Technologies Inc.
10.9.5.1. Participant’s Overview
10.9.5.2. Financial Performance
10.9.5.3. Product Benchmarking
10.9.5.4. Recent Developments
10.9.6. Astrocast
10.9.6.1. Participant’s Overview
10.9.6.2. Financial Performance
10.9.6.3. Product Benchmarking
10.9.6.4. Recent Developments
10.9.7. China Aerospace Science & Technology Corporation (CASC)