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LEO Terminal Market Trends

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

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LEO Terminal Market Trends

There is a global push to extend broadband access to underserved and remote areas where traditional terrestrial networks are impractical or economically unfeasible. LEO satellites offer a viable solution by providing broadband internet access to these regions. In urban areas, LEO terminals complement existing broadband infrastructure, offering high-speed internet access with lower latency compared to geostationary satellites. This is crucial for applications such as video conferencing, gaming, and streaming.

For instance, in April 2024, Hughes Network Systems, LLC announced the commercial availability of the Hughes HL1120W Terminal. This Electronically Steerable Antenna-based (ESA) terminal has received Eutelsat OneWeb approval for operation in its LEO satellite network, and this milestone enables Hughes to bring Eutelsat OneWeb’s enterprise-grade, low-latency, and high-speed connectivity to customers across the globe.

The development of electronically steered flat panel antennas represents a technological leap in LEO terminals. These antennas offer advantages in terms of size, weight, power consumption, and performance, making them attractive for various mobile and fixed applications in maritime. Collaborations between satellite operators and terminal manufacturers strengthen the ecosystem around LEO terminals. Such partnerships facilitate innovation, improve service offerings, and enhance market competitiveness. For instance, in May 2023, Kymeta and OneWeb announced the commercial availability of the former’s electronically steered Peregrine u8 LEO terminal, becoming the first flat panel antenna to serve the maritime market on OneWeb’s LEO network.

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.