The Journal of Space Commerce

The Journal of Space Commerce

LEO Satellite Market worth $23.2 Billion by 2029

Driven by the Growing Need for Earth Observation Imagery and Analytics

Tom Patton's avatar
Tom Patton
May 15, 2024
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The LEO satellite market is projected to grow from $12.6 billion in 2024 to $23.2 billion by 2029, at a CAGR of 13.0% from 2024 to 2029 according to a new report by MarketsandMarkets. The market growth can be attributed to the growing need for earth observation imagery and analytics.

The LEO satellite market holds a huge potential for data service provid…

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