Space is proving to be a lucrative sector for EnSilica. Projects to date have focused on chips for use in in the payload (the instruments, equipment or systems onboard a satellite) and chips for use in the ground-based user terminals that receive signals from the satellite constellations. The global Low Earth Orbit (“LEO”) satellite market size was $5.43bn in 2024 and is projected to reach $31.2bn by 2033, a CAGR of 21.4%. Market drivers include: demand for high-speed internet connectivity; comm ....
