Latin America LEO Satellite Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$106.1

Forecast, 2030 (US$M)

$300.8

CAGR, 2024 - 2030

16.1%

Report Coverage

Latin America

Latin America leo satellite market, 2018-2030 (US$M)

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Related Markets

Global LEO Satellite Industry Outlook

North America LEO Satellite Market Outlook

Europe LEO Satellite Market Outlook

Asia Pacific LEO Satellite Market Outlook

MEA LEO Satellite Market Outlook

Latin America leo satellite market highlights

The Latin America leo satellite market generated a revenue of USD 106.1 million in 2023.
The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
In terms of segment, small satellite was the largest revenue generating satellite mass in 2023.
Small Satellite is the most lucrative satellite mass segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023	USD 106.1 million
Market revenue in 2030	USD 300.8 million
Growth rate	16.1% (CAGR from 2023 to 2030)
Largest segment	Small satellite
Fastest growing segment	Small Satellite
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Small Satellite
Key market players worldwide	Lockheed Martin Corp, Airbus Defence & Space, Northrop Grumman Corporation, SpaceX, L3Harris Technologies Inc, Astrocast SA, China Aerospace Science and Technology Corporation, German Orbital Systems, NanoAvionics

Other key industry trends

In terms of revenue, Latin America region accounted for 1.0% of the global leo satellite market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 7,532.1 million by 2030.

Key Regions: Brazil , U.S. , UK , Japan , UAE

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LEO Satellite Market Scope

Leo satellite market segmentation & scope

Satellite Mass

Small Satellite

Cube Sats

Medium Satellite

Large Satellite

Frequency Band

L-band

S-band

C-band

X-band

Ku-band

Ka-band

Q/V-band

HF/VHF/UHF-band

Laser/Optical

Propulsion Type

Electric

Gas based

Liquid Fuel

Application

Communication

Earth Observation & Remote Sensing

Scientific Research

Technology

Others

End Use

Commercial

Government & Defense

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Argentina

Brazil

Denmark

France

Germany

Italy

Netherlands

Spain

Sweden

Norway

Canada

Mexico

U.S.

Kuwait

Saudi Arabia

South Africa

UAE

Australia

China

India

Japan

South Korea

Thailand

LEO Satellite Market Companies

Name	Profile	# Employees	HQ	Website

Latin America leo satellite market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to leo satellite market will help companies and investors design strategic landscapes.

Small satellite was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America leo satellite market based on small satellite covering the revenue growth of each sub-segment from 2018 to 2030.

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Our clientele includes a mix of leo satellite market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America leo satellite market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America leo satellite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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