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LEO Terminal Market Share

Report ID: GMI10324
Published Date: Jul 2024
Report Format: PDF

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LEO Terminal Market Share

SpaceX and OneWeb collectively held a significant share of the LEO terminal industry in 2023. SpaceX, founded by Elon Musk, launched the Starlink project to provide high-speed satellite internet globally, particularly targeting underserved and remote areas. Starlink's network consists of thousands of small satellites in LEO, enabling low latency and high-speed internet access.

OneWeb is a global telecommunications company that aims to provide affordable internet access worldwide through its LEO satellite network. OneWeb's constellation is designed to deliver high-speed, low-latency broadband, primarily focusing on connecting rural and remote communities.

LEO Terminal Market Companies

Major players operating in the LEO terminal industry are:

SpaceX (Starlink)
OneWeb
Amazon.com, Inc.
Telesat
Viasat, Inc.
Hughes Network Systems
Iridium Communications

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for LEO terminal was USD 6.4 billion in 2023 and is expected to register over 20% CAGR from 2024-2032 owing to the rising trend toward developing LEO terminals that are highly portable and can be easily deployed in remote/emergency situations worldwide.

LEO terminal industry from the Broadcast Satellite Services (BSS) segment is expected to register over USD 15 billion by 2032 due to expanding its footprint in underserved regions where traditional cable services are limited or non-existent.

Asia Pacific industry is expected to record USD 10 billion by 2032 due to growing demand for reliable broadband connectivity across diverse geographies, including remote and underserved areas in the region.

SpaceX (Starlink), OneWeb, Amazon.com, Inc., Telesat, Viasat, Inc., Hughes Network Systems, and Iridium Communications, are some of the major LEO terminal companies worldwide.