On the basis of recent report released by Emergen Research titled “ LEO Satellite Market”, the global market size was US$3.04 Billion in 2021 and is predicted to reach the CAGR of 19.0% over the foreseen period. However, their low altitude means that they have a finite field of view and a relatively short lifespan, as they are more susceptible to atmospheric drag and other environmental factors. Also, due to their low altitude, LEO satellites have a short signal latency and offer high-resolution imaging capabilities, creating them ideal for real-time applications. These LEOs are commonly utilized for a variety of applications, that includes weather forecasting, navigation, telecommunications, and Earth observation. Low Earth Orbit (LEO) satellites are a group of satellites which orbit at altitudes ranging from 160 to 2,000 kilometers above the Earth's surface.
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