Low Earth Orbit (LEO) satellite Market Size, Share, Analysis, Key Companies, and Forecast To 2028 iCrowd Newswire 07 Jul 2021, 11:07 GMT+10 The global Low Earth Orbit (LEO) satellite market size was reportedly significantly large in 2020, which is expected to expand significantly in 2028 and register a rapid CAGR during the forecast period. Industry analysis indicates that demand for more reliable products has been rising substantially, and adoption across communications and defense industries and sectors has been increasing in parallel, and these factors are expected to continue to support market growth over the forecast period. The telecommunications industry, in cooperation with national space organizations, has significantly evolved in recent times to provide more efficient results in remote sensing, earth observation, and other related activities. Low Earth Orbit or LEO can be described as an orbit around Earth with an altitude to the surface of 2,000 kilometres and orbital period between 84 and 127 minutes. Thousands of small satellites or constellations are launched periodically into lower earth orbit to work together and operate more effectively as a single unit. These constellations are required to achieve global coverage given their location relative to Earth, since a single LEO satellite has limited field of view with respect to closeness to Earth's surface. With advancements in research activities and rising investments in navigation systems, new and more lucrative opportunities are expected to continue to open up in the market.