LEO Broadband Services Will Propel Satellite Broadband Market Revenues to US$4.1 Billion in 2026
LEO systems arrival will benefit underserved users in remote areas by supporting high-speed, low latency broadband service
OYSTER BAY, N.Y., April 15, 2021 /PRNewswire/ The demand for broadband connectivity over both fixed and mobile broadband networks is increasing dramatically. Yet, despite network expansions and upgrades, only half of households worldwide currently have access to fixed broadband services. With the rollout of Low Earth Orbit (LEO) constellations, satellite broadband services will improve broadband penetration significantly. Global tech market advisory firm ABI Research forecasts that the satellite broadband market will reach 3.5 million subscribers in 2021, grow at a CAGR 8% to reach 5.2 million users in 2026, and generate US$4.1 billion service revenue.