A Comprehensive Forecast of the LEO Terminals Market Growth from 2023 to 2028

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A Comprehensive Forecast of the LEO Terminals
Market Growth from 2023 to 2028
The LEO Terminals Market is expected to grow
rapidly, reaching USD 17.7 billion by 2028, from
USD 6.0 billion in 2023, at a CAGR of 23.9.
North America is estimated to account for the
largest share of the LEO terminals market in
2023. The increasing demand for high-speed
internet access, particularly in emerging
markets, has led to the rapid expansion of LEO
terminals, which are essential for connecting
with LEO satellite constellations. These
terminals play a critical role in applications
such as fixed and mobile terminals, IoT, and 5G
backhaul. They also address connectivity gaps in
remote and underserved regions cost-effectively.
The global coverage and low latency attributes of
LEO terminals make them suitable for the rapidly
growing IoT sector. The expansion of LEO
satellite constellations further amplifies the
capacity and coverage of LEO terminals, which
fuels their growth. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id45523154 Based on platform, the LEO
terminals market has been segmented into fixed,
portable, and mobile. The mobile segment is
projected to hold the largest market share,
driven by an increase in mobility and
connectivity, which is especially important for
private businesses, government organizations, and
individuals who require uninterrupted
communication and data access while
traveling. Based on vertical, the LEO terminals
market has been segmented into commercial and
government defense. LEO terminals are a
significant technology used in disaster relief
and emergency response scenarios, allowing
government agencies to establish communication
quickly and efficiently during crises. The
miniaturization of LEO terminals has made
satellite communication economically and
potentially viable for widespread use in the
commercial, civil, government, and military
sectors. 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. Ku-band
frequencies offer a balance between data capacity
and signal quality, making them suitable for
various applications, including broadband
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internet access and mobile connectivity. This
frequency efficiency and capability to support
data-intensive services are driving its adoption
in LEO terminal technology. Based on Region,
North America is expected to lead the LEO
terminals market in 2023. The US is the largest
market for LEO terminals in the region. The
dynamic utilization of LEO terminals in the US
is witnessed across diverse domains. In rural
areas, they bridge connectivity gaps for
educational institutions, libraries, and
businesses by providing high-speed internet.
Urban settings also benefit from LEO terminals,
supplying reliable internet for events and
venues. The healthcare sector leverages LEO
terminals to enable remote patient monitoring and
essential telehealth services. Key Market
Players The LEO terminals companies is dominated
by a few globally established players such as
SpaceX (US), EchoStar Corporation (US), L3Harris
Technologies, Inc. (US), Thales (France),
Raytheon Technologies (US), and Kymeta
Corporation (US) among others, are the key
manufacturers that secured LEO terminals. Ask for
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