LEO Satellite Market Research Report 2025-2029: Revenues To Grow By $12 Billion, At A CAGR Of 19%

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The "LEO Satellite Market 2025-2029" report has been added to ResearchAndMarkets.com's offering.
The LEO satellite market is forecasted to grow by USD 11.98 billion during 2024-2029, accelerating at a CAGR of 19% during the forecast period.

This 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.
The study identifies the growing satellite-based telemetry applications as one of the prime reasons driving market growth during the next few years. Also, the 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 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

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

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

A robust vendor analysis within the report 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.

Also, the 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.
A selection of companies mentioned in this report includes, but is not limited to:

• Airbus SE
• BAE Systems PLC
• Blue Origin Enterprises L.P.
• 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
• The Boeing Co.

For more information about this report visit

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