Global LEO Satellite Market 2025-2029

Description

List of Tables

The LEO satellite market is forecasted to grow by USD 11980 million during 2024-2029, accelerating at a CAGR of 19% during the forecast period. The report on the LEO satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for earth observation related applications, low-cost solution deployment through micro and nanosatellites, and rapid development and deployment of LEO satellites.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	16.5%
CAGR	19%
Incremental Value	$11980 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's LEO satellite market is segmented as below:

By End-user

Commercial use
Government and military use
Others

By Type

Small satellite
Medium satellite
Large satellite
Cube satellite

By Application

Communication
Earth observation and remote sensing
Scientific research
Technology
Others

By Propulsion

Liquid fuel
Electric
Gas-based

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the growing satellite-based telemetry applications as one of the prime reasons driving the LEO satellite market growth during the next few years. Also, increasing research and development spending on aerospace and defense and provision of low-cost satellite-based internet services will lead to sizable demand in the market.

The report on the LEO satellite market covers the following areas:

LEO Satellite Market sizing
LEO Satellite Market forecast
LEO Satellite Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading LEO satellite market vendors that include Airbus SE, BAE Systems PLC, Blue Origin Enterprises LP, GomSpace Group AB, Honeywell International Inc., Inmarsat Global Ltd., Israel Aerospace Industries Ltd., Kepler Communications Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, OneWeb Holdings Ltd., RTX Corp., Sierra Nevada Corp., Space Exploration Technologies Corp., Telesat Corp., Thales Group, and The Boeing Co.. Also, the LEO satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR74912

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Propulsion
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global LEO Satellite Market 2019 - 2023
- Historic Market Size - Data Table on Global LEO Satellite Market 2019 - 2023 ($ million)
5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.5 Propulsion segment analysis 2019 - 2023
- Historic Market Size - Propulsion Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in the global LEO satellite market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
8.3 Commercial use - Market size and forecast 2024-2029
- Chart on Commercial use - Market size and forecast 2024-2029 ($ million)
- Data Table on Commercial use - Market size and forecast 2024-2029 ($ million)
- Chart on Commercial use - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial use - Year-over-year growth 2024-2029 (%)
8.4 Government and military use - Market size and forecast 2024-2029
- Chart on Government and military use - Market size and forecast 2024-2029 ($ million)
- Data Table on Government and military use - Market size and forecast 2024-2029 ($ million)
- Chart on Government and military use - Year-over-year growth 2024-2029 (%)
- Data Table on Government and military use - Year-over-year growth 2024-2029 (%)
8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Small satellite - Market size and forecast 2024-2029
- Chart on Small satellite - Market size and forecast 2024-2029 ($ million)
- Data Table on Small satellite - Market size and forecast 2024-2029 ($ million)
- Chart on Small satellite - Year-over-year growth 2024-2029 (%)
- Data Table on Small satellite - Year-over-year growth 2024-2029 (%)
9.4 Medium satellite - Market size and forecast 2024-2029
- Chart on Medium satellite - Market size and forecast 2024-2029 ($ million)
- Data Table on Medium satellite - Market size and forecast 2024-2029 ($ million)
- Chart on Medium satellite - Year-over-year growth 2024-2029 (%)
- Data Table on Medium satellite - Year-over-year growth 2024-2029 (%)
9.5 Large satellite - Market size and forecast 2024-2029
- Chart on Large satellite - Market size and forecast 2024-2029 ($ million)
- Data Table on Large satellite - Market size and forecast 2024-2029 ($ million)
- Chart on Large satellite - Year-over-year growth 2024-2029 (%)
- Data Table on Large satellite - Year-over-year growth 2024-2029 (%)
9.6 Cube satellite - Market size and forecast 2024-2029
- Chart on Cube satellite - Market size and forecast 2024-2029 ($ million)
- Data Table on Cube satellite - Market size and forecast 2024-2029 ($ million)
- Chart on Cube satellite - Year-over-year growth 2024-2029 (%)
- Data Table on Cube satellite - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Application

10.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
10.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
10.3 Communication - Market size and forecast 2024-2029
- Chart on Communication - Market size and forecast 2024-2029 ($ million)
- Data Table on Communication - Market size and forecast 2024-2029 ($ million)
- Chart on Communication - Year-over-year growth 2024-2029 (%)
- Data Table on Communication - Year-over-year growth 2024-2029 (%)
10.4 Earth observation and remote sensing - Market size and forecast 2024-2029
- Chart on Earth observation and remote sensing - Market size and forecast 2024-2029 ($ million)
- Data Table on Earth observation and remote sensing - Market size and forecast 2024-2029 ($ million)
- Chart on Earth observation and remote sensing - Year-over-year growth 2024-2029 (%)
- Data Table on Earth observation and remote sensing - Year-over-year growth 2024-2029 (%)
10.5 Scientific research - Market size and forecast 2024-2029
- Chart on Scientific research - Market size and forecast 2024-2029 ($ million)
- Data Table on Scientific research - Market size and forecast 2024-2029 ($ million)
- Chart on Scientific research - Year-over-year growth 2024-2029 (%)
- Data Table on Scientific research - Year-over-year growth 2024-2029 (%)
10.6 Technology - Market size and forecast 2024-2029
- Chart on Technology - Market size and forecast 2024-2029 ($ million)
- Data Table on Technology - Market size and forecast 2024-2029 ($ million)
- Chart on Technology - Year-over-year growth 2024-2029 (%)
- Data Table on Technology - Year-over-year growth 2024-2029 (%)
10.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

11 Market Segmentation by Propulsion

11.1 Market segments
- Chart on Propulsion - Market share 2024-2029 (%)
- Data Table on Propulsion - Market share 2024-2029 (%)
11.2 Comparison by Propulsion
- Chart on Comparison by Propulsion
- Data Table on Comparison by Propulsion
11.3 Liquid fuel - Market size and forecast 2024-2029
- Chart on Liquid fuel - Market size and forecast 2024-2029 ($ million)
- Data Table on Liquid fuel - Market size and forecast 2024-2029 ($ million)
- Chart on Liquid fuel - Year-over-year growth 2024-2029 (%)
- Data Table on Liquid fuel - Year-over-year growth 2024-2029 (%)
11.4 Electric - Market size and forecast 2024-2029
- Chart on Electric - Market size and forecast 2024-2029 ($ million)
- Data Table on Electric - Market size and forecast 2024-2029 ($ million)
- Chart on Electric - Year-over-year growth 2024-2029 (%)
- Data Table on Electric - Year-over-year growth 2024-2029 (%)
11.5 Gas-based - Market size and forecast 2024-2029
- Chart on Gas-based - Market size and forecast 2024-2029 ($ million)
- Data Table on Gas-based - Market size and forecast 2024-2029 ($ million)
- Chart on Gas-based - Year-over-year growth 2024-2029 (%)
- Data Table on Gas-based - Year-over-year growth 2024-2029 (%)
11.6 Market opportunity by Propulsion
- Market opportunity by Propulsion ($ million)
- Data Table on Market opportunity by Propulsion ($ million)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
13.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
13.9 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
13.12 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
13.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
13.14 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.15 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
13.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
13.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
- Overview on factors of disruption
15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered
16.2 Company ranking index
- Company ranking index
16.3 Market positioning of companies
- Matrix on companies position and classification
16.4 Airbus SE
- Airbus SE - Overview
- Airbus SE - Business segments
- Airbus SE - Key news
- Airbus SE - Key offerings
- Airbus SE - Segment focus
- SWOT
16.5 GomSpace Group AB
- GomSpace Group AB - Overview
- GomSpace Group AB - Product / Service
- GomSpace Group AB - Key offerings
- SWOT
16.6 Honeywell International Inc.
- Honeywell International Inc. - Overview
- Honeywell International Inc. - Business segments
- Honeywell International Inc. - Key news
- Honeywell International Inc. - Key offerings
- Honeywell International Inc. - Segment focus
- SWOT
16.7 Kepler Communications Inc.
- Kepler Communications Inc. - Overview
- Kepler Communications Inc. - Product / Service
- Kepler Communications Inc. - Key offerings
- SWOT
16.8 L3Harris Technologies Inc.
- L3Harris Technologies Inc. - Overview
- L3Harris Technologies Inc. - Business segments
- L3Harris Technologies Inc. - Key news
- L3Harris Technologies Inc. - Key offerings
- L3Harris Technologies Inc. - Segment focus
- SWOT
16.9 Lockheed Martin Corp.
- Lockheed Martin Corp. - Overview
- Lockheed Martin Corp. - Business segments
- Lockheed Martin Corp. - Key news
- Lockheed Martin Corp. - Key offerings
- Lockheed Martin Corp. - Segment focus
- SWOT
16.10 Maxar Technologies Inc.
- Maxar Technologies Inc. - Overview
- Maxar Technologies Inc. - Product / Service
- Maxar Technologies Inc. - Key news
- Maxar Technologies Inc. - Key offerings
- SWOT
16.11 Northrop Grumman Corp.
- Northrop Grumman Corp. - Overview
- Northrop Grumman Corp. - Business segments
- Northrop Grumman Corp. - Key news
- Northrop Grumman Corp. - Key offerings
- Northrop Grumman Corp. - Segment focus
- SWOT
16.12 OHB SE
- OHB SE - Overview
- OHB SE - Business segments
- OHB SE - Key offerings
- OHB SE - Segment focus
- SWOT
16.13 OneWeb Holdings Ltd.
- OneWeb Holdings Ltd. - Overview
- OneWeb Holdings Ltd. - Product / Service
- OneWeb Holdings Ltd. - Key offerings
- SWOT
16.14 RTX Corp.
- RTX Corp. - Overview
- RTX Corp. - Business segments
- RTX Corp. - Key news
- RTX Corp. - Key offerings
- RTX Corp. - Segment focus
- SWOT
16.15 Sierra Nevada Corp.
- Sierra Nevada Corp. - Overview
- Sierra Nevada Corp. - Product / Service
- Sierra Nevada Corp. - Key offerings
- SWOT
16.16 Space Exploration Technologies Corp.
- Space Exploration Technologies Corp. - Overview
- Space Exploration Technologies Corp. - Product / Service
- Space Exploration Technologies Corp. - Key offerings
- SWOT
16.17 Thales Group
- Thales Group - Overview
- Thales Group - Business segments
- Thales Group - Key news
- Thales Group - Key offerings
- Thales Group - Segment focus
- SWOT
16.18 The Boeing Co.
- The Boeing Co. - Overview
- The Boeing Co. - Business segments
- The Boeing Co. - Key news
- The Boeing Co. - Key offerings
- The Boeing Co. - Segment focus
- SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
17.3 Currency conversion rates for US$
- Currency conversion rates for US$
17.4 Research methodology
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations