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LEO Terminals Industry worth $17.7 billion by 2028 - Exclusive Report by MarketsandMarkets™
Based on platform, the LEO terminals market has been segmented into fixed, portable, and mobile. The LEO terminals market has experienced unprecedented growth, largely driven by the deployment of LEO satellite constellations by major players such as SpaceX's Starlink, OneWeb, and Amazon's Project Kuiper. These constellations have redefined global connectivity, offering high-speed internet, data transmission, and communications services to diverse user groups, ranging from remote communities to urban centers.
Based on vertical, the LEO terminals market has been segmented into commercial and government & defense. The miniaturization of LEO terminals has made satellite communications economically and potentially viable for widespread use in the commercial, civil, government, and military sectors. Continuous reduction in the cost of LEO terminals, increased demand for LEO terminals across verticals, and a rise in the number of satellite launches are expected to fuel the growth of the LEO terminals market worldwide.
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Based on frequency, the LEO terminals market has been segmented into C-band, L- & S-band, X-band, Ka-band, Ku-band, VHF/UHF-band, EHF/SHF-band, Q-band, and multi-band. LEO terminals are used for voice and data services, television, DTH broadcasting, digital satellite news gathering (DSNG), VSAT, and other applications. The selection of a frequency band depends on factors such as coverage requirements, data transmission speed, regulatory considerations, and the specific needs of industries and applications within the LEO terminals market.
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Based on region, the LEO terminals market has been segmented into North America , Europe , Asia Pacific , the Middle East & Africa , and Latin America . The global market is on an upward trajectory, driven by the increasing demand for high-speed internet, the surge in remote work and learning, and the emergence of new LEO satellite constellations. In this landscape, North America is poised to lead the market during the forecast period due to the presence of key industry players, such as SpaceX (US), EchoStar Corporation (US), and Kymeta Corporation (US), investing significantly in LEO satellite constellations. Europe is another significant market with a strong demand for high-speed internet connectivity, particularly in rural areas, where LEO terminals offer an affordable and reliable solution. Asia Pacific is also projected to witness rapid growth as developing countries seek advanced technologies such as LEO terminals to enhance internet connectivity. Similarly, Latin America and the Middle East & Africa are expected to experience substantial market expansion, addressing the connectivity needs of underserved regions
Key players in the market are focusing on developing advanced LEO terminals that are capable of delivering high-speed connectivity to remote and underserved regions. These players include SpaceX (US), Kymeta Corporation (US), L3harris Technologies, Inc. (US), EchoStar Corporation (US), and Thales ( France ), among others.
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