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According to Fortune Business Insights™, the global low earth orbit satellite market was valued at USD 7.71 billion in 2024 and is projected to grow from USD 7.93 billion in 2025 to USD 11.53 billion by 2032, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period. North America led the market in 2024, holding a dominant share of 38.91%.
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