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

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

Product Code: GVR-4-68040-406-7

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)
  - 10.9.7.1. Participant's Overview
  - 10.9.7.2. Financial Performance
  - 10.9.7.3. Product Benchmarking
  - 10.9.7.4. Recent Developments
- 10.9.8. German Orbital Systems
  - 10.9.8.1. Participant's Overview
  - 10.9.8.2. Financial Performance
  - 10.9.8.3. Product Benchmarking
  - 10.9.8.4. Recent Developments
- 10.9.9. GomSpaceApS
  - 10.9.9.1. Participant's Overview
  - 10.9.9.2. Financial Performance
  - 10.9.9.3. Product Benchmarking
  - 10.9.9.4. Recent Developments
- 10.9.10. Nano Avionics
  - 10.9.10.1. Participant's Overview
  - 10.9.10.2. Financial Performance
  - 10.9.10.3. Product Benchmarking
  - 10.9.10.4. Recent Developments
- 10.9.11. Planet Labs Inc.
  - 10.9.11.1. Participant's Overview
  - 10.9.11.2. Financial Performance
  - 10.9.11.3. Product Benchmarking
  - 10.9.11.4. Recent Developments
- 10.9.12. ROSCOSMOS
  - 10.9.12.1. Participant's Overview
  - 10.9.12.2. Financial Performance
  - 10.9.12.3. Product Benchmarking
  - 10.9.12.4. Recent Developments
- 10.9.13. Space Exploration Technologies Corp.
  - 10.9.13.1. Participant's Overview
  - 10.9.13.2. Financial Performance
  - 10.9.13.3. Product Benchmarking
  - 10.9.13.4. Recent Developments
- 10.9.14. SpaceQuest Ltd.
  - 10.9.14.1. Participant's Overview
  - 10.9.14.2. Financial Performance
  - 10.9.14.3. Product Benchmarking
  - 10.9.14.4. Recent Developments
- 10.9.15. Thales Alenia Space
  - 10.9.15.1. Participant's Overview
  - 10.9.15.2. Financial Performance
  - 10.9.15.3. Product Benchmarking
  - 10.9.15.4. Recent Developments

Product Code: GVR-4-68040-406-7

List of Tables

Table 1 LEO Satellite Market - Key Market Driver Impact
Table 2 LEO Satellite Market - Key Market Restraint Impact
Table 3 LEO Satellite Market - Key Market Opportunities Impact
Table 4 LEO Satellite Market - Key Market Challenges Impact
Table 5 LEO Satellite Market Revenue Estimates and Forecast by Satellite Mass, 2018 - 2030 (USD Million)
Table 6 LEO Satellite Market Revenue Estimates and Forecast, by Frequency Band, 2018 - 2030 (USD Million)
Table 7 LEO Satellite Market Revenue Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
Table 8 LEO Satellite Market Revenue Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
Table 9 LEO Satellite Market Revenue Estimates and Forecast, by End Use, 2018 - 2030 (USD Million)
Table 10 Recent Development & Impact Analysis by Key Market Participants
Table 11 Company Heat Map Analysis
Table 12 Key Companies Launching New Products
Table 13 Key Companies Pursuing Expansions
Table 14 Key Companies Pursuing Mergers & Acquisitions
Table 15 Key Companies Striking Collaborations

List of Figures

Fig. 1 LEO Satellite Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot (1/2)
Fig. 8 Segment Snapshot (2/2)
Fig. 9 Competitive Landscape Snapshot
Fig. 10 LEO Satellite Market Value, 2023 - 2030 (USD Million)
Fig. 11 LEO Satellite Market: Industry Value Chain Analysis
Fig. 12 LEO Satellite Market: Market Dynamics
Fig. 13 LEO Satellite Market: PORTER's Analysis
Fig. 14 LEO Satellite Market: PESTEL Analysis
Fig. 15 LEO Satellite Market, by Satellite Mass: Key Takeaway
Fig. 16 LEO Satellite Market, by Satellite Mass: Market Share, 2023 & 2030
Fig. 17 Small Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 18 Cube Sats Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 19 Medium Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 20 Large Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 21 LEO Satellite Market, by Frequency Band: Key Takeaway
Fig. 22 LEO Satellite Market, by Frequency Band: Market Share, 2023 & 2030
Fig. 23 L-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 24 S-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 25 C-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 26 X-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 27 Ku-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 28 Ka-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 29 Q/V-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 30 HF/VHF/UHF-band Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 31 Laser/Optical Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 32 LEO Satellite Market, by Propulsion Type: Key Takeaway
Fig. 33 LEO Satellite Market, by Propulsion Type: Market Share, 2023 & 2030
Fig. 34 Electric Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 35 Gas based Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 36 Liquid Fuel Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 37 LEO Satellite Market, by Application: Key Takeaway
Fig. 38 LEO Satellite Market, by Application: Market Share, 2023 & 2030
Fig. 39 Communication Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 40 Earth Observation & Remote Sensing Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 41 Scientific Research Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 42 Technology Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 43 Others Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 44 LEO Satellite Market, by End Use: Key Takeaway
Fig. 45 LEO Satellite Market, by End Use: Market Share, 2023 & 2030
Fig. 46 Commercial Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 47 Government & Defense Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 48 Others Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 49 Regional Marketplace: Key Takeaway
Fig. 50 North America LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 51 U.S. LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 52 Canada LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 53 Mexico LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 54 Europe LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 55 Germany LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 56 UK LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 57 France LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 58 Asia Pacific LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 59 China LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 60 Japan LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 61 India LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 62 South Korea LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 63 Australia LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 64 Latin America LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 65 Brazil LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 66 Middle East and Africa LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 67 UAE LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 68 Saudi Arabia LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 69 South Africa LEO Satellite Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Million)
Fig. 70 Key Company Categorization
Fig. 71 Company Market Positioning
Fig. 72 Strategic Framework

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

Description

Table of Contents

List of Tables

LEO Satellite Market Size & Trends:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. LEO Satellite Platform Market - Industry Outlook

Chapter 4. LEO Satellite Market: Satellite Mass Estimates & Trend Analysis

Chapter 5. LEO Satellite Market: Frequency Band Estimates & Trend Analysis

Chapter 6. LEO Satellite Market: Propulsion Type Estimates & Trend Analysis

Chapter 7. LEO Satellite Market: Application Estimates & Trend Analysis

Chapter 8. LEO Satellite Market: End Use Estimates & Trend Analysis

Chapter 9. Regional Estimates & Trend Analysis

Chapter 10. LEO Satellite Market - Competitive Landscape

List of Tables

List of Figures