Low-Orbit Satellite Constellation Market Report 2025

The low-orbit satellite constellation market size has grown rapidly in recent years. It will grow from $4.75 billion in 2024 to $5.5 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to increasing demand for high-speed internet access in remote areas, rising global smartphone adoption, expansion of smart city initiatives, growing reliance on satellite-based logistics, and heightened efforts in climate change monitoring.

The low-orbit satellite constellation market size is expected to see rapid growth in the next few years. It will grow to $9.8 billion in 2029 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increasing demand for high-speed broadband connectivity, growing government investments in space programs, reductions in launch costs driven by reusable rocket technologies, heightened focus on space traffic management, rising interest in diverse space missions, and expanding global internet usage. Major trends in the forecast period include advancements in miniaturized spacecraft and electric propulsion systems, integration with 5G and beyond-5G networks, development of AI-powered network operations and laser inter-satellite links, progress in cost-effective mass manufacturing and launch systems, and innovations promoting sustainability and responsible satellite deorbiting practices.

The growing demand for high-speed internet connectivity is anticipated to drive the expansion of the low-orbit satellite constellation market in the future. Internet connectivity enables devices to access and communicate over the internet through various networks and technologies. This demand is largely fueled by the increasing spread of mobile networks, which provide broader and more affordable access to online services, especially in remote and underserved locations. High-speed internet connectivity supports low-orbit satellite constellations by allowing rapid data transfer and low-latency communication. It facilitates real-time applications, extends coverage to isolated areas, and enhances the overall effectiveness of global connectivity solutions. For example, in 2023, the International Telecommunication Union, a United Nations specialized agency based in Switzerland, reported that internet users increased from 5.1 billion (64% penetration) in 2022 to 5.4 billion (67% penetration) in 2023. Consequently, the rising need for high-speed internet connectivity is fueling growth in the low-orbit satellite constellation market.

Leading companies in the low-orbit satellite constellation market are concentrating on developing advanced technologies such as high-throughput and low-latency communication systems to improve global connectivity, accelerate data transmission speeds, and reduce dependence on traditional ground infrastructure. These systems represent next-generation satellite networks designed to offer faster and more reliable internet and data services, particularly in remote and underserved areas. For instance, in March 2022, Rivada Space Networks GmbH, a satellite telecommunications company based in Germany, launched a constellation of 600 low-orbit communication satellites. This constellation aims to deliver secure, high-speed connectivity with ultra-low latency, targeting enterprise, government, and telecommunications sectors. Rivada’s network incorporates advanced inter-satellite laser links to form a seamless, space-based mesh network that lessens reliance on ground stations and enhances global coverage.

In November 2024, BlackSky Technology Inc., a US-based geospatial intelligence firm, acquired LeoStella LLC for an undisclosed sum. This acquisition is intended to streamline BlackSky’s Gen-3 satellite production by vertically integrating its supply chain, increasing control over the design-to-launch process, and expanding capacity to produce 40 satellites annually for faster deployment of its AI-driven constellation. LeoStella LLC is a US-based small satellite manufacturer that builds satellites for low-orbit constellations.

Major players in the low-orbit satellite constellation market are Airbus SE, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., SpaceX, OneWeb Communications Ltd., Surrey Satellite Technology Ltd, E‑Space Inc., Kymeta Corporation, EnduroSat S.à r.l., GomSpace A/S, Muon Space Inc., NanoAvionics Corp, Starlink Satellite Communications Private Limited, Loft Orbital Solutions Inc., Astrocast SA, and HawkEye 360 Inc.

North America was the largest region in the low-orbit satellite constellation market in 2024. The regions covered in low-orbit satellite constellation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the low-orbit satellite constellation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

A low-orbit satellite constellation is a network of satellites operating in low Earth orbit (LEO), typically at altitudes between 500 and 2,000 kilometers. These satellites are strategically arranged across multiple orbital planes to work collaboratively, providing continuous or near-continuous global coverage over large areas of the Earth.

The main components of a low-orbit satellite constellation include the satellites themselves, ground stations, launch services, and other supporting infrastructure. Satellites are artificial objects placed into orbit to perform functions such as communication, earth observation, navigation, and scientific research. These constellations support a broad range of applications including commercial, defense, and government sectors - with end-users spanning telecommunications, aerospace and defense, maritime industries, and more.

The low-orbit satellite constellation market research report is one of a series of new reports that provides low-orbit satellite constellation market statistics, including low-orbit satellite constellation industry global market size, regional shares, competitors with a low-orbit satellite constellation market share, detailed low-orbit satellite constellation market segments, market trends and opportunities, and any further data you may need to thrive in the low-orbit satellite constellation industry. This low-orbit satellite constellation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The low-orbit satellite constellation market consists of revenues earned by entities by providing services such as high-speed broadband internet, low latency communications, real-time tracking and monitoring, remote diagnostics, voice and data connectivity, and very small aperture terminal (VSAT) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The low-orbit satellite constellation market also includes sales of antennas, user terminals, modems, satellite phones, launch vehicles, satellite buses, onboard transponders, propulsion systems, and communication payloads. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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