LEO and GEO satellite market seen reaching $37.94 billion by 2030

The market for low Earth orbit and geostationary Earth orbit satellites is projected to rise from $18.29 billion in 2025 to $37.94 billion by 2030, driven by demand for broadband, earth observation and low-latency communications. North America leads today, while Asia-Pacific is expected to grow fastest as operators expand multi-orbit and direct-to-device networks.

Why it matters: - LEO and GEO satellites are becoming core infrastructure for internet access, broadcasting, weather monitoring and remote sensing. - Growth in satellite capacity matters for underserved and remote areas where terrestrial connectivity remains limited. - The market’s expansion points to rising investment in multi-orbit networks, direct-to-device links and broadband constellations.

What happened: - The Business Research Company said the global LEO and GEO satellite market will grow from $18.29 billion in 2025 to $21.22 billion in 2026. - The report projects the market will reach $37.94 billion by 2030. - The company places the 2025-2026 growth rate at 16.1% and the 2026-2030 CAGR at 15.6%. - The release was issued Oct. 21, 2026, from London. - A free sample of the report is available here. - The full report is available here.

The details: - LEO satellites operate at relatively low altitudes and are mainly used for broadband internet services, earth observation, remote sensing and low-latency communications. - GEO satellites stay fixed relative to Earth’s surface and are mainly used for television broadcasting, telecommunications, weather monitoring and regional coverage. - The market’s recent growth has been driven by higher demand for satellite communications, wider broadband reach, earth observation data, satellite navigation and television broadcasting. - The forecast period is expected to benefit from global internet expansion, direct-to-device adoption, real-time earth observation demand, government investment in satellite infrastructure and commercial satellite constellations. - The report highlights rising demand for high-throughput satellites, low-latency connections, broadband internet constellations, direct-to-device satellite links and multi-orbit satellite networks. - North America held the largest market share in 2025. - Asia-Pacific is expected to be the fastest-growing region over the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

Between the lines: - The market forecast reflects how satellites are moving from niche communications assets to a broader connectivity layer for consumers, enterprises and governments. - The strongest themes are latency reduction and wider coverage, which suggest buyers want satellite systems that work with mobile, broadband and defense use cases. - The internet usage data cited in the release underscores the scale of unmet connectivity demand, especially in remote regions. - The company said 5.5 billion people, or 68% of the global population, used the internet in 2024, up from 5.27 billion, or 65%, in 2023, according to the International Telecommunication Union in November 2025. - That increase added about 227 million users and reinforces the case for satellite-backed connectivity.

What's next: - Satellite operators are likely to keep building larger broadband constellations and multi-orbit systems. - Direct-to-device services are positioned to become a bigger part of the market mix. - Governments and commercial buyers are expected to keep funding infrastructure that supports coverage, resilience and real-time observation. - The report says 2026 market coverage now includes market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards and market hotspot infographics.

The bottom line: - The LEO and GEO satellite market is moving into a faster-growth phase, with connectivity demand and orbit-diverse networks shaping the next wave of investment.