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LEO Satellite Market to Reach USD 20.69 Billion by 2030, Growing at 11.9% CAGR, Says MarketsandMarkets™

GlobeNewswire

Delray Beach, FL, Aug. 21, 2026 -- The global LEO Satellite Market was valued at USD 11.81 billion in 2025 and is projected to reach USD 20.69 billion by 2030, registering a compound annual growth rate (CAGR) of 11.9% during the forecast period, according to a new report by MarketsandMarkets™. LEO satellite volume is anticipated to grow from 3,722 units in 2025 to 5,175 units by 2030. The market is expanding rapidly, driven by demand for internet services, Earth observation, CubeSat miniaturization, and cost-efficient launches, positioning LEO networks as essential infrastructure for commercial connectivity and government applications worldwide.

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