LEO satellite constellations to expand to 42,600 satellites by 2032 driving innovations in IoT, AI, and edge processing
A new report from global technology intelligence firm ABI Research projects that the number of active Low Earth Orbit satellites, including Very Low Earth Orbit satellites, will increase from 7,473 in 2023 to approximately 42,600 by 2032. This significant growth is fueled by intensified efforts and substantial investments from China and Europe in the LEO satellite market, highlighting the strategic importance of space technologies for both national and commercial purposes.
“As we observe more competitors innovating their technologies and upgrading their satellite constellations to stay ahead in the space race, we anticipate a surge in commercial investment in satellite services and applications, including the IoT, remote sensing, and global satellite communications,” explains Rachel Kong, Research Analyst at ABI Research. “Additionally, advancements in real-time data processing and analysis, coupled with growing competition in value-added services such as AI and edge processing, will spur increased applications in the Earth observation industry. These factors are expected to drive significant growth in the LEO satellite market in the coming decade.”
Many satellite network operators are seizing this opportunity to invest in their networks or collaborate with technology companies. In the AI and edge processing space, compan...
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