Communications and Defense Fuel Growth in LEO Satellite Market

The global LEO satellites market is expected to grow from $3.50 billion in 2021 to $4.13 billion in 2022 at a compound annual growth rate (CAGR) of 18.2%, according to a new report from Research and Markets. The growth is mainly due to the increasing adoption of low earth orbit satellites in various sectors, rising importance across communications and d…