ABI Research: LEO Satellites to Reach 42,600 by 2032

According to a report from Application Binary Interface (ABI) Research, the active LEO Constellation (Low Earth Orbit) (LEO) satellites are expected to grow from 7,473 in 2023 to approximately 42,600 by 2032. The report notes that as China and Europe escalate their initiatives and investments in the Low Earth Orbit (LEO) satellite sector, there is a heightened focus on space technologies for national and commercial applications.

ABI Research analyst Rachel Kong states, “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 Internet of Things, remote sensing, and global satellite communications.” She adds that advancements in real-time data processing and analysis will enhance applications within the Earth observation industry.

Current satellite network operators are actively investing in their networks or collaborating with technology firms. Notable companies in the Artificial Intelligence (AI) and edge processing space, such as AWS, Spire Global, Telesat Lightspeed, D-Orbit, Anduril, and Ubotica, are exploring opportunities to integrate advanced systems into their satellite frameworks.

In China, operators such as Spacesail, China Satellite Network Group, and Shanghai Landspace Technology are expediting their satellite constellation developments to enhance national defense and security capabilities, aiming to establish global leadership in communications and other essential space technologies.

Kong underscores the necessity for ecosystem players to recognize the emerging markets in regions like Asia-Pacific, Southeast Asia, and Africa. She notes that despite current investment and regulatory challenges in these areas, collaboration with local governments and stakeholders will be essential for expanding broadband access and improving digital infrastructure.

The insights presented stem from ABI Research's State of LEO Satellite Networks report, which is part of its broader Space Technologies and Innovation research service.