USD 15.53 Billion
Remote Sensing Satellite Market Size, Share, and Growth Analysis
Remote Sensing Satellite Market By Orbit (LEO, GEO), By Payload, by Application, by End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20A2279 |
Region:
Global |
Published Date: December, 2024
Pages:
181
|Tables:
0
|Figures:
0
Format -
Remote Sensing Satellite Market Insights
Remote Sensing Satellite Market size was valued at USD 15.53 Billion in 2023 and is poised to grow from USD 17.1 Billion in 2024 to USD 33.51 Billion by 2032, growing at a CAGR of 10.09% during the forecast period (2025-2032).
Remote Sensing Satellite market has been witnessing remarkable growth in the recent past owing to mounting awareness for climate change, improvements in sensor technologies and miniaturization, and growing demand in diverse applications including agricultural monitoring. The market is also fueled by the growing demand for earth observation data, improvements in satellite design, and heavy investments in space programs. Organizations and governments are majorly dependent on satellite data for disaster management, urban planning, and environmental monitoring. Also, advancements in miniaturization, satellite design, and sensor technology have considerably increased cost-efficiency and accessibility of remote sensing. Most countries are heavily investing in space capabilities, resulting in a greater number of satellites launches and improvements, thus aiding the market growth.
Nonetheless, the global market is adversely impacted by significant initial investment and challenges associated with regulations. The cost required for launching and maintenance could be considerably high for a few companies, which may hamper participation, thus restricting market growth. Also, adherence to international regulations and laws about the use of satellite data may create obstacles for most companies, which may again hamper the growth of the market. Yet, the market is expected to witness huge progress due to growing integration with big data and artificial intelligence, miniaturized satellites, and heavy use in disaster management.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Military
Fastest Growth
Civil
Growth Rate
10.09% CAGR
Global Remote Sensing Satellite Market ($ Bn)
Country Share for North America Region (%)
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Remote Sensing Satellite Market Segments Analysis
Global Remote Sensing Satellite Market is segmented by Orbit, by Payload, by Application, by End User and by Region. Based on Orbit, the market is segmented into LEO, MEO, GEO, and Others. Based on Payload, the market is segmented into Less than 500 Kg, 500 Kg to 1,000 Kg, above 1,000 Kg. Based on Application, the market is segmented into Disaster Management, Weather Forecasting, Oceanography, Ecology, and Others. Based on End User, the market is segmented into Civil, Military, and Government. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Orbit
Based on orbit, the remote sensing satellite market is categorized into LEO, MEO, GEO, and others. The LEO segment held a notable market share in 2023 and is projected to continue dominance in future as well owing to high resolution imaging, reduced latency, and cost-efficient launches. The LEO satellites can capture hi-resolution pictures owing to their closeness to the Earth. This makes them suitable for better detailed monitoring of diverse applications, comprising urban and agriculture planning. Satellites in LEO also offer reduced latency in data transfer. This allows data access in real-time, which is important for applications like environmental monitoring and disaster response. Also, small satellites are mostly implemented in LEO since they usually cost less for production and launch. This increases the amount of small satellite constellations.
On the other hand, the GEO segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to constant coverage, broader area monitoring, and real-time transmission. GEO satellites maintain an immovable position as compared to the Earth, which offers constant coverage of the same location. This is important for weather monitoring, environmental tracking, and disaster management. From their height, GEO satellites accurately cover a larger geographic reach. This increases their effectiveness for national-scale and regional observations. The stability of GEO satellites enables constant communication links, which allows timely decisions and simplifies data transmission in real time.
Analysis by End User
Based on end user, the market is segmented into civil, military, and government. The military segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to its growing strategic significance, heavy investments, and advanced technological developments. Military operations are majorly dependent on satellite imagery for surveillance, intelligence, and reconnaissance, which increases the significance of remote sensing for defense strategies and national security. Defense budgets mostly allocate major resources to satellite, confirming improved capabilities in assessing risks and monitoring. The sector also fuels modernizations in satellite technology, resulting in the emergence of well-developed imaging techniques and sensors that improve data reliability and data quality.
On the other hand, the civil segment will hold a remarkable market share in the coming years owing to numerous applications, growing government initiatives, and technological improvements. The civil sector includes a broader range of applications, comprising urban planning, agriculture, disaster management, climate research, and environmental monitoring. This fuels the need for remote sensing data. Also, most governments across the globe are heavily investing in remote sensing technologies to aid infrastructure development, public services, and environmental protection. This ultimately drives the growth of the civil segment. Moreover, improvements in imaging technology and increased dispersion of small satellites have notably increased affordability and accessibility for numerous civil applications.
Global Remote Sensing Satellite Market Size By End User
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Remote Sensing Satellite Market Regional Insights
Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to number of innovations and advancements in technology, growing investments and government support, and rising demand and applications like urban planning, environmental monitoring, and agriculture. Companies profiled in North America are the forerunners of improvements in technology, comprising enhanced sensor capabilities, miniaturization of satellites, and incorporation of artificial intelligence for data analysis.
Strong government funding on space programs and collaborations among agencies like NASA and private companies are strengthening innovations and research, thus driving developments and progress in the sector. The key players profiled in the region include Maxar Technologies, Planet Labs, DigitalGlobe, Northrop Grumman, L3Harris Technologies, Spire Global, and more.
Asia-Pacific is the fastest-growing region in the global remote sensing satellite market due to speedy economic growth, the growing number of collaborations, and the emphasis on environmental monitoring. Nations like India and China are witnessing substantial economic progress, thus impacting the demand for remote sensing in diverse applications including urban planning, disaster management, and agriculture. Also, there are rising numbers of alliances and collaborations among private companies and government agencies that streamline innovations and knowledge sharing in data applications and satellite technology. Furthermore, the region is highly prone to climate changes and natural disasters, thus significantly fueling the need for remote sensing solutions to monitor changes in the environment and aid disaster response initiatives.
Global Remote Sensing Satellite Market Size By Geography
- Largest
- Fastest
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Remote Sensing Satellite Market Dynamics
Drivers
Augmented Demand for Earth Observation Data
- Different sectors, comprising forestry, agriculture, environmental monitoring, and urban planning need accurate earth observation for making decisions and management of resources. The demand for real-time or live data during natural disasters has increased the demand for remote sensing techniques that can efficiently offer timely information for efficient recovery and response.
Growth of Commercial Applications
- The entry of private companies in the remote sensing industry has increased the range of services and applications, comprising insurance assessment, real-estate monitoring, and infrastructure management. The growth of data-as-a-service approach allows organizations and businesses to easily access satellite data without needing major upfront costs. Hence, the growth of data-as-a-service models is notably propelling the market growth.
Restraints
Growing Competition from Alternate Technologies
- The emergence of drones and alternate sensing techniques is adversely affecting the market growth. The increasing use of drones for data collection and aerial imaging gives rise to intensified competition to satellite-based remote sensing techniques, mainly for local applications wherein drones could be cost-efficient than other applications. Other techniques like IoT devices and terrestrial sensors could offer specific data and detailed data for specific applications, thus decreasing dependence on satellite data.
Poor Data Accessibility
- High cost of data and increasing need of technical specialization are a few other restraints of the market. Despite most of the satellite data is made free, specialized data or hi-resolution may be high-priced. This could majorly restrict access for mid-sized and small companies or developing nations. Efficient use of remote sensing technologies mostly needs expertise and proficiency, which may not be accessible to all the sectors, thus hampering the market growth.
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Remote Sensing Satellite Market Competitive Landscape
The competitive landscape of the global remote sensing satellite market is distinguished by the combination of innovative startups, well-established aerospace companies, and many governmental agencies. The top prominent companies, including Northrop Grumman, Maxar Technologies, and Lockheed Martin are currently dominating the market with broad specialization in satellite launch, design, and data processing. Other companies like Spire Global, Planet Labs, and BlackSky are progressing at a speedy rate by utilizing small satellite technologies and providing hi-resolution imaging, and hi-frequency technologies at reasonable rates. Most organizations are also focusing on collaborations with private firms to increase data accessibility. Overall, the increasing need for earth observation data and improvements in technologies like advances in data analytics and satellite technology are significantly fuelling innovations and competition.
Top Players in Remote Sensing Satellite Market
- Ramon.Space
- Airbus
- Planet Labs PBC
- Umbra Lab Inc.
- Orbital Sidekick
- Pixxel
- Satellite Imaging Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Boeing
- Thales Group
- Indian Space Research Organization
- HawkEye 360
- L3Harris Technologies
- Telespazio
Recent Developments
- In October 2024, Ramon.Space signed a contract with Radisys Corporation to develop improved space-resilient 5G NTN (Non-Terrestrial Network) solutions. This collaboration emphasizes integrating 5G Release 17 NTN RAN (Radio Access Network) software of Radisys with space-hardened hardware of Ramon-Space, streamlining the deployment of complete 5G gNB competencies in space.
- In July 2024, Planet Labs PBC announced an extension of the contract to offer data to Taylor Geospatial Institute (TGI). With this multi-year contract, Taylor Geospatial Institute can avail numerous industry-leading products by Planet, comprising its prominent PlanetScope data, hi-resolution SkySat data, strong data archive, and several planetary variable analytic solutions.
- In April 2024, Airbus introduced a new programme, named ‘Pléiades Neo Next’ to increase its high-resolution Earth observation constellation. The novel programme will offer fresh capabilities and satellite assets, comprising improved native resolution.
Remote Sensing Satellite Key Market Trends
- CubeSats and Miniaturization: The development and adoption of smaller satellites, mainly the CubeSats, have gained huge popularity. These compact satellites are comparatively economical to produce and launch. This enables speedy deployment and increased accessibility. Their compactness or small sizes avoid affecting functionality since they can capably carry advanced imaging equipment and sensors. This trend allows a broad range of companies to participate in remote sensing initiatives.
- Advanced Sensors and High-Resolution Imaging: Latest improvements in sensor technology have developed satellites that can efficiently capture hi-resolution pictures with enhanced temporal and spectral resolutions. These features enable more detailed observation of environmental changes, agricultural practices, and urban development. Technologies like multispectral imaging and (SAR) synthetic aperture radar are gaining prominence. They offer detailed information that aids diverse applications like disaster recovery and resource management.
Remote Sensing Satellite Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the remote sensing satellite market is considerably progressing due to heavy investments in space programs resulting in satellite developments and launches, growing awareness for climate changes, and a rising need for precision monitoring and agriculture. The market is also fueled by technological improvements like enhancements in sensor technology and design that increase accessibility. However, the market is restrained by rising atmospheric interference and weather conditions that impact the data quality gathered by satellites. Hence, growing technical limitations will majorly hamper market growth. North America is projected to lead the market due to established launch facilities and strong regulatory framework, growing applications and demands, and government investment and support. Nonetheless, a few opportunities for the growth of the remote sensing satellite market include growing partnerships and collaborations and growth of miniaturized satellites.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 15.53 Billion |
| Market size value in 2032 | USD 33.51 Billion |
| Growth Rate | 10.09% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Remote Sensing Satellite Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Remote Sensing Satellite Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Remote Sensing Satellite Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Remote Sensing Satellite Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Remote Sensing Satellite Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Remote Sensing Satellite Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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