LEO Terminals Market

LEO Terminals Companies - SpaceX (US) and Kymeta Corporation (US) are the Key Players

LEO (Low Earth orbit) terminals are the next big thing in satellite communications, offering significant advantages over traditional GEO (geostationary Earth orbit) terminals. With their compact size, lightweight design, cost-effectiveness, and low-latency, high-bandwidth connectivity, LEO terminals are ideal for communication, Earth observation, remote sensing, and scientific research applications.

The market for LEO terminals 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%. This growth is primarily driven by the increasing demand for high-speed internet connectivity and the growing adoption of LEO satellites. LEO terminals offer a revolutionary solution to the increasing demand for high-speed, reliable, and affordable connectivity. Their proximity to Earth enables reduced signal travel time, resulting in significantly lower latency than GEO satellites. The emergence of new satellite constellations and rising investments in space-based communications technologies further drive the market. Though promising significant advantages, LEO terminals currently exhibit a higher price tag than traditional satellite terminals, which may impede market growth. This disparity in cost arises from the relative novelty of LEO satellite technology and the current state of the market.

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LEO terminals offer high-speed broadband internet access to rural and underserved areas, enhancing business. They also support real-time environmental monitoring, aiding in protecting the environment and managing disasters. In the scientific realm, LEO terminals play a main role in space exploration, facilitating communication between satellites, spacecraft, and ground stations. In technology applications, they enable connectivity for autonomous vehicles, supplying real-time traffic information, hazard alerts, and route optimization.

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.

Major LEO Terminals Companies Include:

  • SpaceX (US)
  • Kymeta Corporation (US)
  • L3harris Technologies, Inc. (US)
  • EchoStar Corporation (US)
  • Thales (France)


SpaceX is a private aerospace and space transport services company that designs, manufactures, and launches rockets, satellites, and spacecraft. The company leverages its experience in building rockets and spacecraft to deploy the world’s most advanced broadband internet systems. As the world’s leading provider of launch services and the only provider with an orbital-class reusable rocket, SpaceX has vast experience in spacecraft and on-orbit operations. The company is now seeking ways to move from current satellites to a next-generation constellation. Starlink 2.0 satellites will likely be bigger, requiring more power to support higher broadband rates, more users per satellite, and optical cross-links to reduce latency and dependence on ground stations.

SpaceX utilizes a high degree of vertical integration in the production of its rockets and rocket engines. The company builds its rocket engines, rocket stages, spacecraft, principal avionics, and all software in-house in its Hawthorne facility. It also has over 3,000 suppliers, with 1,100 delivering to SpaceX nearly weekly. Starlink satellites use low-cost phased array antennas for LEO broadband constellations. Currently, commercial phased-array antennas cost about USD 20,000 or more, while SpaceX’s Starlink antenna is estimated to cost USD 2,400 per unit to produce in quantities of 1 million.

EchoStar Corporation

EchoStar Corporation offers satellite communications and internet services. The company has two business groups in communications technologies: Hughes Network Systems and EchoStar Satellite Services. Hughes Network Systems is a leading provider of satellite broadband services, providing network technologies and managed services in over 100 countries. EchoStar Satellite Services operates a satellite fleet of ten satellites. It offers satellite communications infrastructure and solutions to media and broadcast organizations, enterprise customers, and government and military service providers in the US.

EchoStar Corporation’s products and services include satellite broadband, satellite terminals, and satellite modems. The company has business units in 16 business locations in the US, Europe, Asia, and Latin America and has more than 2,100 employees.

Related Reports:

LEO Terminals Market by Vertical (Commercial, Government & Defense), Platform (Fixed, Portable, Mobile), Frequency (C-Band, L&S-Band, X-Band, Ka-Band, Ku-Band, VHF/UHF-Band, EHF/SHF-Band, Multi-Band,Q- Band) and Region - Global Forecast to 2028

Mr. Aashish Mehra
MarketsandMarkets™ INC.
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LEO Terminals Market Size,  Share & Growth Report
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