LEO Satellite Market Size, Revenue Analysis, Region & Country Forecast, 2021–2030
The size of the global LEO satellite market, which was $3.04 billion in 2021, is projected to grow at a 19.0% CAGR in terms of revenue over the next five years. Global desire for better internet speeds is to blame for the LEO satellite industry's consistent revenue growth. To accommodate this need, major market actors are progressively engaging in a variety of activities. OneWeb, for example, deployed six Airbus satellites in February 2019 and reported test findings demonstrating LEO satellite throughput speeds of more than 400 megabits per second and latency of 40 milliseconds. OneWeb user terminals were created by Intellian, a business that the company worked with. OneWeb transmitted full HD video at a quality of 1080p. The global LEO Satellite market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical as...